NTN Corporation (hereafter, the Company) announced that the Company has made a decision of change of Representative Executive Officer and Executive Officers effective April 1, 2025 at the Board of Directors meeting held on March 25, 2025 as follows. The Company also announced that its Nominating Committee held on the same day has resolved the following candidates for Directors to be submitted to the Company's 126th Annual General Meeting of Shareholders (hereafter, the General Meeting) to be held in June this year.

1.Change of Executive Officers

(1) Change of Representative Executive Officer (as of April 1, 2025)

· Reason of Change

Transfer of Representative Executive Officer due to the transfer of Officers

· Contents of Change

Name

New Position

Current Position

Date of Change

Hideaki Miyazawa    (Resigned)    Representative Executive Officer,
Executive Officer    March 31, 2025    

Masaaki Yamamoto    Representative Executive Officer,
Executive Officer    Executive Officer    April 1, 2025    

· Name and Profile of the new Representative Executive Officer

Name:    Masaaki Yamamoto(Date of Birth: March 17, 1961)    

Business Career:    April 1986    Joined the Company    

October 2007    General Manager, Finance and Accounting Dept., Finance HQ.    

April 2011    General Manager, Business Administration Dept., Corporate Strategy HQ.    

December 2013    General Manager, Business Administration Dept.,
General Manager, Affiliated Companies Administration Dept., Finance HQ.    

August 2014    Deputy General Manager, Office of General Manager - China Region
Director, NTN (CHINA) Investment Corp.    

April 2015    Operating Officer    

June 2019    Executive Officer(Current position)    

June 2022    Director(Current position)    

Number of Shares of the Company held:    69,800 shares (as of September 30, 2024)    

(2) New Executive Officers(as of April 1, 2025)

Tsuyoshi Kikuta

(Current position: General Manager, Financial Strategy Dept., Group Management HQ.)

Keiji Yanagida

(Current position: General Manager, Office of General Manager - China Region)

(3) Change of Assignments(as of April 1, 2025)

Name

Position

New Assignments

Current Assignments

Masaaki Yamamoto    Representative Executive Officer,
Executive Officer    ·CFO
(Chief Financial Officer)
·Europe & Africa Region    ·CFO(Chief Financial Officer)
·Deputy Corporate General Manager, Group Management HQ.
·Financial Strategy Dept.
·Accounting Dept.
·Europe & Africa Region    

Shumpei Kinoshita    Executive Officer    ·Deputy Corporate General Manager, Group Management HQ.
·Corporate Strategy Dept.
·Carbon Neutrality Strategy
Promotion Dept.
·Americas Region    ·Deputy Corporate General
Manager,
Group Management HQ.
·Corporate Strategy Dept.
·ESG Promotion Dept.
·Carbon Neutrality Strategy Promotion Dept.
·Internal Control Dept.    

Ikuya Tateoka    Executive Officer    ·Corporate General Manager,
CVJ & Axle Bearing Business HQ.    ·Deputy Corporate General
Manager, CVJ & Axle Bearing
Business HQ.
·General Manager, Business Strategy Unit, CVJ & Axle Bearing Business HQ.    

Masayuki Tanio    Executive Officer    ·In charge of Business Structural Reform    ·Deputy Corporate General Manager, Bearing Business HQ.
·General Manager,
Business Strategy Unit,
Bearing Business HQ.    

(4) Executive Officers to be resigned(as of March 31, 2025)

Hideaki Miyazawa

(Current position: Representative Executive Officer, Executive Officer)

Etsu Harima

(Current position: Executive Officer)

Reference:Executive Officers(as of April 1, 2025)

Name

Position

Assignments

Eiichi Ukai*    Representative Executive Officer,
President, Executive Officer    ·CEO (Chief Executive Officer)
·Corporate General Manager,
Group Management HQ.    

Masaaki Yamamoto*    Representative Executive Officer,
Executive Officer    ·CFO (Chief Financial Officer)
·Europe & Africa Region    

Hiroyuki Ichikawa    Executive Officer    ·Quality HQ.
·Composite Material Product Division
·India Region    

Masayuki Kaimi    Executive Officer    ·Corporate General Manager,
SCM Strategy HQ.
·China Region
·Production Engineering HQ.    

Yasuhiro Kawabata    Executive Officer    ·Deputy Corporate General Manager,
Group Management HQ.
·Human Resources Strategy Dept.
·Personnel Dept.
·General Affairs Dept.
·Legal Dept.    

Tsuyoshi Kikuta    Executive Officer    ·Deputy Corporate General Manager,
Group Management HQ.
·Financial Strategy Dept.
·ESG Promotion Dept.
·Accounting Dept.
·Internal Control Dept.    

Shumpei Kinoshita*    Executive Officer    ·Deputy Corporate General Manager,
Group Management HQ.
·Corporate Strategy Dept.
·Carbon Neutrality Strategy Promotion Dept.
·Americas Region    

Koji Takahashi    Executive Officer    ·Deputy Corporate General Manager,
Group Management HQ.
·Corporate Communications Dept.
·ICT Strategy Dept.    

Ikuya Tateoka    Executive Officer    ·Corporate General Manager, CVJ & Axle Bearing Business HQ.    

Masayuki Tanio    Executive Officer    ·In charge of Business Structural Reform    

Yoshiyasu Nakano    Executive Officer    ·CTO (Chief Technology Officer)
·Research Division
·Innovation & Business Development HQ.
·New Product and Business Strategy Planning Dept.
·Intellectual Property Strategy Dept.    

Keiji Yanagida    Executive Officer    ·Corporate General Manager, Bearing Business HQ.
·NTN KOREA CO., LTD.
·ASEAN, Oceania & West Asia Region    

* Appointed as a Director as well

2. Candidates for Directors, etc.

(1) Candidates for Directors (to be submitted to the General Meeting)

Eiichi Ukai *    

Masaki Egami    

Shumpei Kinoshita *    

Koji Takahashi *    Newly Appointed    

Etsu Harima    Newly Appointed    

Masaaki Yamamoto *    

Ryo Kawakami    Outside Director    

Yasuo Kitani    Outside Director    

Yuriya Komatsu    Outside Director    

Tatsuhiko Toshita    Outside Director    

Akira Murakoshi    Outside Director    

Hiromi Wada    Outside Director    Newly Appointed    

* To be appointed as an Executive Officer as well

(2) Directors to be resigned (after the General Meeting)

Isao Ozako    

Hideaki Miyazawa    

Tomonori Nishimura    (Outside Director)