Decision on Board of Directors and Committee Structure Including the Appointment of a New Outside Director Candidate (See Attached Materials)

Decision on Board Structure and New Outside Director Candidate

Shiseido Company, Limited announced that it has determined director candidates and the composition of the Nomination Committee, Compensation Committee and Audit Committee in preparation for the 127th Annual General Meeting of Shareholders to be held in late March 2027. Ryoko Nagata is listed as a new outside director candidate; her biography highlights extensive experience in business management at global companies, CSR responsibilities, and audit practice. The Representative Executive Officer/President and CEO will be selected after the conclusion of the General Meeting of Shareholders. The attached materials provide detailed explanations of Ms. Nagata's independence and reasons for candidacy.

Candidate Background and Importance of the Role

Ryoko Nagata has experience in the food business, new business development, CSR, and auditing, and is expected to support the strengthening of the company's corporate governance. An assessment based on the criteria for independence of outside directors was conducted and independence has been confirmed. Multiple outside director candidates were considered to enhance the effectiveness of the board, and the future operation of the board and committee structure will be closely watched.