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Cave announced today that Representative Director, Vice President, and Chief Operating Officer Mikio Watanabe will resigning.

The resignation, said to be for personal reasons, will take effect on May 31. However, Watanabe will continue to serve his Representative Director role until the company's annual shareholder meeting in August.

In its notice announcing Watanabe's resignation, Cave noted that Ito Masahito, Representative Director, President and CEO, will become the company's sole Representative Director following the resignation.

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