VALUE COMMERCE

ValueCommerce Co., Ltd. today announces that a meeting of its Board of Directors held on March 26, 2012 resolved to make changes to its team of officers and to introduce an executive officer system.
The Company is a company with auditors, and its auditors monitor business execution. To further enhance corporate governance, the Company has decided to introduce an executive officer system to separate execution and oversight, accelerate decision making, achieve efficient business execution, and cultivate successors. Details are as follows:

1. Directors
   

   Representative Director	Yoichi Iizuka
   Director	Yoshio Fujimura
   Director	Keiji Tsuchida

2. Statutory Auditors
   

   Standing Statutory Auditor	Takahito Goto (new assignment)
   Statutory Auditor	Osamu Nakamoto (new assignment)
   Statutory Auditor	Shingo Yoshii
   Statutory Auditor	Hirofumi Yoshida

   The four statutory auditors above are outside statutory auditors as stipulated in Article 2, Item 16 of the Companies Act.

3. Executive Officers
   

   President	Yoichi Iizuka
   Executive Vice President & CFO	Yoshio Fujimura
   Executive Vice President	Keiji Tsuchida
   Executive Officer and General Manager of Sales Group	Yasutaka Kai (new assignment)
   Executive Officer & General Manager of Corporate Administration Group	Harutoshi Terashita (new assignment)
   Executive Officer & General Manager of Sales Division	Akihito Okano (new assignment)

4. Executive Officers’ Biographies
   

   Name	Yoichi Iizuka
   Birth date	March 24 1949
   Biography	Apr. 1973:	Sumitomo Corporation, Tokyo Financial Dept.
   	Oct. 1985:	Sumitomo France S.A., Manager of Machinery & Electronics Dept.
   	Sep. 1994:	Sumitomo Corporation, General Manager of Jeddah Representative Office (Kingdom of Saudi Arabia)
   	Jun. 1996:	Deputy General Manager of Project Finance Dept. in Tokyo
   	Jun. 1999:	Japan Satellite Systems Inc. (currently SKY Perfect JSAT Corporation)
   	Jun. 2000:	JSAT Corporation, Executive Officer, Finance & Accounting Div.
   	Jun. 2003:	Director of the Board & Senior Executive Officer
   	Mar. 2008:	Space Communications Corporation (currently SKY Perfect JSAT Corporation), Director of the Board & Chief Financial Officer
   	Jun. 2008:	SKY Perfect JSAT Holdings Inc., Director of the Board
   	Oct. 2008:	SKY Perfect JSAT Corporation, Director of the Board & Senior Executive Vice President
   	Jul. 2009:	Representative of OFFICE IIZUKA (current post)
   	Mar. 2011:	BJM International Co., Ltd., Chairman of the Board (current post)
   	Mar. 2011:	ValueCommerce Co., Ltd., President & CEO (current post)

   Name	Yoshio Fujimura
   Birth date	February 19, 1948
   Biography	Apr. 1966:	Sumitomo Corporation, Osaka Accounting Dept.
   	May 1986:	Sumitomo Corporation of America, Assistant to G.M., Seattle Office
   	May 1996:	Vice President & Assistant to CFO, San Francisco Office
   	Jun. 2002:	SC ComTex, Inc. (currently SCSK Corporation), Managing Director & General Manager, Accounting & Credit Controlling Div.
   	Feb. 2003:	Sumisho Electronics Co., Ltd. (currently SCSK Corporation), Corporate Officer, Deputy G.M., Administration Div. & G.M., Treasury & Accounting
   	May 2005:	United Cinemas Co., Ltd., Director, General Administration & Treasury Dept.
   	Jul. 2009:	Marc Jacobs Japan K.K., Auditor
   	Jul. 2009:	Lancel Japan Limited, Auditor
   	Mar. 2011:	ValueCommerce Co., Ltd., CFO (current post)
   	Nov. 2011:	ValueCommerce Korea Limited, Director of the Company (current post)

   Name	Keiji Tsuchida
   Birth date	August 12, 1959
   Biography	Apr. 1983:	Joins The Sumitomo Bank, Limited (currently Sumitomo Mitsui Banking Corporation).
   	Nov. 1999:	Deputy Manager of Hong Kong Branch of Sumitomo Mitsui Banking Corporation
   	Feb. 2005:	Joins Yahoo Japan Corporation.
   	Apr. 2006:	Yahoo Japan Corporation, General Manager, Corporate Strategy Division. (current post)
   	Mar. 2008:	ValueCommerce Co., Ltd., Director (current post)
   	Mar. 2012:	Yahoo Japan Corporation, Assistant to CFO (current post)

   Name	Yasutaka Kai
   Birth date	March 25, 1972
   Biography	Apr. 1990:	Joins Ferro Enamels (Japan) Limited (currently Tokan Material Technology Co., Ltd.)
   	Apr. 1993:	Joins Fujitaka Corporation.
   	Aug. 2000:	Joins ValueCommerce Co., Ltd.
   	Mar. 2002:	Joins Prime Systems Corporation.
   	Jan. 2004:	Joins ValueCommerce Co., Ltd.
   	Apr. 2006:	ValueCommerce Co., Ltd., EC Account Team Manager of Project Planning Dept.
   	Nov. 2007:	Vice-President of Consulting Division.
   	Jan. 2009:	Senior Vice-President of Consulting Division.
   	Jul. 2011:	General Manager of Sales Group. (current post)

   Name	Harutoshi Terashita
   Birth date	November 26, 1963
   Biography	Mar. 1988:	Joins K.K. Iitoyo.
   	Apr. 1992:	K.K. Iitoyo, Manager, Apparel Section, SS Operation Dept.
   	Oct. 1995:	Joins Auto Wave Co., Ltd.
   	Oct. 1997:	Auto Wave Co., Ltd., Assistant Manager, Human Resources Dept., General Affairs & Human Resources Div.
   	Nov. 2006:	ValueCommerce Co., Ltd., General Affairs Manager of General Affairs Dept.
   	Dec. 2010:	General Manager of Human Resources & General Affairs Dept. (currently Human Resources Dept)
   	Jul. 2011:	General Manager of Corporate Administration Group. (current post)

   Name	Akihito Okano
   Birth date	June 19, 1970
   Biography	Apr. 1993:	Joins Toyota Corolla Shin-Saitama Co., Ltd.
   	May 1995:	Joins Shuneikan Co., Ltd.
   	Jun. 2000:	Joins City Cable Net, Inc.
   	Aug. 2003:	Joins ValueCommerce Co., Ltd.
   	Apr. 2006:	ValueCommerce Co., Ltd., M1 Account Team Manager of Project Planning Dept.
   	Nov. 2007:	Vice-President of Media Business Development Dept.
   	Jul. 2008:	General Manager of Finance Business Sales Dept.
   	Jul. 2011:	General Manager of Sales Division. (current post)