Reason for Election of Executive Officers

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As of April 2021

Kinya Seto

Mr. Seto founded MonotaRO Co., Ltd. and successfully had the company listed on the First Section of the Tokyo Stock Exchange. In addition, he has served as the representative director of several companies, accumulating abundant experience and extensive knowledge as a businessperson. After being appointed as Representative Executive Officer in 2016, he led the growth of LIXIL and its group companies (“the LIXIL group”). This included optimizing the LIXIL group’s business portfolio in order to focus managerial resources on core businesses and strengthen the balance sheet at the same time, as well as enhancing overall competitiveness through synergies centered on the core Water Technology business. After being reappointed as Representative Executive Officer (Chief Executive Officer) in June 2019, he has continued to advance the medium-term management plan developed in 2017, “TOWARD SUSTAINABLE GROWTH,” including through measures to focus on core businesses and “Kawaranaito LIXIL” (“We must change LIXIL”). As a result, he is steadily forming an agile organization with an entrepreneurial spirit, while further improving the balance sheet. For the fiscal year ended March 2021, although facing a decline in revenue due to the impact of the COVID-19 pandemic, due to ongoing measures to reduce selling, general and administrative expenses, the Company expects to increase its bottom line profit. Mr. Seto has been elected as Representative Executive Officer, President, and Chief Executive Officer, as he is expected to greatly contribute to enhancing the LIXIL group’s corporate value, despite uncertainty within the future business environment, and is best suited as the top executive of the Company.

Sachio Matsumoto

Mr. Matsumoto has served as Representative Executive Officer and Executive Vice President in charge of Finance, Treasury, and M&A, supervising finance for LIXIL and its group of companies (“the LIXIL group”). In addition, he has served as the Chairperson of the council for deliberations on investments and loans, and the Chairperson of the council for deliberations on M&A matters, playing a key role in the internal decision-making process. On top of being responsible for the development of policies for all operations globally, such as the preparation of M&A plans and financial strategies, he has also contributed to achieving the medium-term management plan by advancing measures related to the enforcement of governance and improvement of operational efficiency in the areas that he is in charge of. Under the circumstance of the spread of COVID-19, he continues to demonstrate leadership in accounting and finance, such as securing operating funds and managing performance on a global basis. He has been elected as Representative Executive Officer and Executive Vice President in charge of Finance, Treasury, and M&A, as he is best suited to fulfil the role of Chief Financial Officer to further the medium-term management plan in the future.

Jin Song Montesano

Ms. Montesano has led communications and engagements with various internal and external stakeholders of LIXIL and its group companies (“the LIXIL group”) as Executive Officer and Executive Vice President in charge of Human Resources and General Affairs, Public Affairs, Investor Relations, External Affairs, and Corporate Responsibility. In addition, as the Chairperson of the Corporate Responsibility Committee, she has also been in charge of decision-making related to the Company’s corporate responsibility strategies. From June 2019 onwards, as the Executive Officer in charge of Human Resources, she has been leading the implementation of measures such as “Kawaranaito LIXIL” (“We must change LIXIL”). In response to the global spread of COVID-19, she is also continuously taking the lead in implementing various personnel measures, prioritizing the wellbeing, safety and security of internal and external stakeholders.She has been elected as Executive Officer and Executive Vice President in charge of Human Resources and General Affairs, Public Affairs, Investor Relations, External Affairs, and Corporate Responsibility, and Chief People Officer, as she is best suited to creating an organization that can execute the medium-term management plan and achieve sustainable growth in the future.

Yugo Kanazawa

Mr. Kanazawa has supervised the marketing strategy of LIXIL as Executive Officer and Executive Vice President in charge of Marketing, Digital, and IT. He has contributed to improving business performance through measures such as introducing sales techniques using digital technology and reviewing mission-critical systems. In response to the spread of COVID-19, he also continues to lead various measures utilizing digital technology such as the improvement of the IT environment upon a major shift toward employees’ teleworking and introduction of online showrooms. He has been elected as Executive Officer and Executive Vice President in charge of Marketing, Digital, and IT, as he is best suited as Chief Digital Officer to prepare and achieve company-wide strategies that enable future competitiveness by advancing marketing and digital strategies, and overhauling mission-critical IT systems.

Bijoy Mohan

Mr. Mohan has demonstrated his abilities in areas such as emerging markets and global business development. In addition, he has been in charge of supervising the international businesses of LIXIL and its group companies (“the LIXIL group”) as Executive Vice President and LIXIL International Chief Executive Officer, while creating synergies across business fields and regional frameworks, realizing business growth in multiple regions. In the fiscal year ending March 2021, he led international businesses in order to optimize global business operations, taking into consideration the situation of each region, including circumstances where it was challenging to operate due to the impact of COVID-19. He has been elected as Executive Vice President in charge of LIXIL International as he is best suited to play a leading role in building business models and executing business strategies in international markets, where significant growth opportunities are expected in the future.

Satoshi Yoshida

Mr. Yoshida has served as the manager of the Sales and Marketing Departments after joining LIXIL (then TOYO Sash Corporation). After being appointed Chief Executive Officer of LIXIL Housing Technology Japan in 2017, he led the restructuring of the entire domestic Housing business organization, such as reforming the domestic sash business’ production system. He continues to lead measures to develop a business model that meets the changing needs of consumers in Japan caused by the effect of the spread of COVID-19, and to enhance competitiveness such as through the ongoing implementation of platform-based manufacturing. He has been elected as Executive Officer and Executive Vice President in charge of LIXIL Housing Technology Japan as he is best suited to supervise the Japan Housing business, a core business of LIXIL, as well as promote future reforms in the Japan Building business, focusing on sashes for buildings, based on his abundant experience and past record in the Housing business.

Hiroyuki Oonishi

Mr. Oonishi has served as a manager of the Japan Water business, in particular for the kitchen business, after joining LIXIL (then INAX Corporation). After being appointed Chief Executive Officer of LIXIL Water Technology Japan in 2018, he has realized the improvement of its profit margin through the development of differentiated products. Taking into consideration the growing interest in touchless devices as a result of the spread of COVID-19, he is implementing structural reform to achieve sustainable growth, including through measures addressing the “New Normal”, organizational reform, and so forth. He has been elected as Executive Officer and Executive Vice President in charge of LIXIL Water Technology Japan as he is best suited to supervise the Japan Water business, which is a core business of LIXIL.

Shoko Kimijima

In addition to years of experience as a lawyer, Ms. Kimijima has extensive experience serving in the legal departments of multiple corporations, such as GE Japan Corporation. After joining LIXIL in 2015, she led the compliance division, where she implemented the LIXIL Code of Conduct and introduced the global whistle-blower system, while contributing greatly to improving compliance at LIXIL and its group companies (“the LIXIL group”) as Chief Compliance Officer. Since 2020, as Executive Officer and Executive Vice President in charge of Legal Affairs and Compliance, she has propelled efforts to establish a global legal function and strengthen the basis of legal and compliance in management. During the fiscal year ended March 2021, she led legal affairs-related measures including business restructuring and mitigation of legal risks related to the merger between LIXIL Group Corporation and LIXIL Corporation. She has been elected as Executive Officer and Executive Vice President in charge of Legal Affairs and Compliance as she is best suited as Chief Legal and Compliance Officer to continue advancing the medium-term management plan in within this capacity.

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