2011

Announcement of Changes to Representative Directors (Chairman and President)

Announced: Jan. 17, 2011

Published: Jan. 21, 2011

Company name: TOYO INK MFG. CO., LTD.

Stock code: 4634, Tokyo Stock Exchange First Section

Representative: Kunio Sakuma, President and CEO

Inquiries: Toshihiko Nobe, General Manager of the General Affairs Dept.

TEL: 81-3-3272-5731

Toyo Ink Mfg. Co., Ltd. announces that a meeting of its Board of Directors held on January 17, 2011 unofficially decided to make the following changes to its representative directors. Although the Company will change its trade name to “TOYO INK SC HOLDINGS CO., LTD.” on April 1, 2011, based on a plan to establish new companies through a corporate split, approved at the 172nd ordinary general meeting of shareholders held on June 29, 2010, the official adoption of the changes to the representative directors will be made by resolution at a meeting of the Board of Directors of Toyo Ink SC Holdings Co., Ltd. to be held on April 1, 2011.

1.Details of changes and promotion (planned on April 1, 2011)

Name	Current position	New position
Kunio Sakuma	President and CEO	Chairman and Representative Director
Katsumi Kitagawa	Executive Vice President and COO	President and CEO

2.Reasons for changes and promotion

In the 104 years since it was founded, the Company has achieved growth through its main business manufacturing and selling printing inks, while building an associated business in chemical products. The Company has been working to prepare for new growth through its centenary in 2007, through initiatives such as the expansion of its specialty chemical business, the development of a global market, and an evolution from materials to processing. As April 1, 2011 will mark the beginning of the holding company system to strengthen governance and the three-year medium-term management plan, the Company has decided to change its representative directors.

Incoming President Katsumi Kitagawa has worked in the production division, the engineering division, the planning division at head office, and the business divisions. He has been focusing on expanding business in Japan and overseas since he became the executive vice president and COO in June 2009. With strong and timely insights into new areas of growth for the Company, he is capable of exercising outstanding leadership in practice. Since his time in the planning division at head office, Mr. Kitagawa has been advancing reforms with incumbent President Kunio Sakuma, and should continue to drive rapid progress in this area also. Moving to the post of Chairman, Mr. Sakuma will assist in promoting the new growth strategies, while supporting the new president.

3.Profile of New President and CEO

Name	Katsumi Kitagawa
Date of birth	September 26, 1953 (57 years old)
Place of birth	Tokyo
Education	March 1977: Graduated from Keio University with Bachelor of Engineering
Career	April 1977	Joined Toyo Ink Mfg. Co., Ltd.
	September 1977	Technology Division, Fuji Plant
	April 1981	Engineering Division, Fuji Plant
	June 1985	System Engineering Team Production Technology Division
	March 1987	Planning Group, Engineering Division
	November 1991	Corporate Planning Department
	May 2000	General Manager of Corporate Planning Department
	March 2002	General Manager of Kawagoe Factory, Polymer Business Division, Chemical Business Headquarters
	March 2004	Deputy General Manager of Color Material Business Headquarters and General Manager of Plastic Colorants Division
	June 2004	Appointed Operating Officer
	June 2005	Appointed Director
	June 2008	Appointed Director and Executive Operating Officer
	April 2009	Appointed Executive Vice President and Director
	June 2009	Appointed Executive Vice President and COO in charge of IR, Chairman of CSR Committee (to the present)
Number of Company shares owned	31,000 shares (as of September 30, 2010)

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Update: Jan. 21, 2011