Note: This English translation is an abridged version of the original notice in Japanese. In the eventof a discrepancy, the Japanese version shall prevail.

TO OUR SHAREHOLDERS

June 10, 2022
Securities code: 3205
Daidoh Limited
1-16 Sotokanda 3-chome, Chiyoda-ku,
Tokyo

NOTICE OF THE 99th ORDINARY GENERAL MEETING OF
SHAREHOLDERS
Dear Shareholder:
Please be informed that the 99th Ordinary General Meeting of Shareholders of Daidoh Limited(the “Company”) will be held at 10:00 a.m. (the reception is scheduled to open at 9:00 a.m.) on
Wednesday, June 29, 2022, at Tower Hall of Roppongi Academyhills on the 49th floor of
Roppongi Hills Mori Tower, at 10-1 Roppongi 6-chome, Minato-ku, Tokyo.
When arriving at the meeting venue, please submit the enclosed Voting Form at the receptiondesk.
To prevent the spread of COVID-19, you may wish to refrain from attending the meeting inperson and instead exercise your voting rights in writing or via the internet. Please review theattached Reference Materials for the Ordinary General Meeting of Shareholders and exercise
your vote so that it reaches us no later than 6:30 p.m. on Tuesday, June 28, 2022.
Voting by Proxy via Postal Mail
Please indicate “for” or “against” for each agenda item listed on the enclosed Voting Form andreturn it so that it reaches the Head Office of the Company no later than 6:30 p.m. on Tuesday,June 28, 2022.
Souvenirs will not be provided to the shareholders attending the meeting. We appreciate yourunderstanding.
Sincerely,
Tsukasa Nabewari
Representative Director
President & CEO

1

MEETING AGENDA
Items to be Reported:
1. The Business Report, the Consolidated Financial Statements and the Report of the Audit of
the Consolidated Financial Statements by Accounting Auditors and the Board of Corporate
Auditors for the 99th term from April 1, 2021, to March 31, 2022, will be reported at themeeting.
2. The Non-Consolidated Financial Statements for the 99th term from April 1, 2021, to March
31, 2022, will be reported at the meeting.
Items to be Resolved:
Item 1: Partial Amendments to the Articles of Incorporation
Item 2: Election of Six (6) Directors
Of the documents to be provided with this Notice, “Consolidated Statement of Changes in
Equity,” “Notes to the Consolidated Financial Statements,” “Non-consolidated Statement of
Changes in Equity” and “Notes to the Non-consolidated Financial Statements” are posted on our
website (https://www.daidoh-limited.com/) on the Internet in accordance with laws andregulations and provisions of the Articles of Incorporation of the Company. Therefore, theattached documents to this Notice are a part of Consolidated Financial Statements and the Nonconsolidated Financial Statements audited by the Accounting Auditor and the Corporate
Auditors when they prepared the accounting audit report and the audit report, respectively.
Means of Amendment Notice
If there are any amendments to the Reference Materials for the Ordinary General Meeting of
Shareholders, the Business Report, the Non-Consolidated Financial Statements or theConsolidated Financial Statements by the day before the Ordinary General Meeting of
Shareholders, we will provide notification on our website (https://www.daidoh-limited.com/).

2Our response to coronavirus disease (COVID-19)
In order to prevent the spread of COVID-19, we will be holding this Ordinary General Meetingof Shareholders as described below. We appreciate your kind understanding and yourcooperation.
Please consider foremost your safety and your family’s. We request you to exercise your voting
rights by sending back the enclosed Voting Form in advance from the perspective of preventing
the spread of the disease, and we strongly recommend that you refrain from attending themeeting on the day. Especially, shareholders who may have high risk to the infection, such as
elderly, shareholders with underlying disease and shareholders who are pregnant should
consider their attendance carefully.
Attending shareholders are requested to be thoughtful to others by wearing your mask.
Shareholders who are not feeling well or are found to have a fever may be asked not to enter thevenue of the meeting.
To ensure there are wide spaces between the seats, we may not be able to secure enough numberof seats, and may limit the number of shareholders allowed to enter the venue.
From the perspective of shortening the time required for the meeting to prevent the spread of theinfection, we may omit the items to be reported and detailed explanation of the proposals at themeeting. We appreciate your kind understanding and your cooperation on this matter.
In addition, at the venue, we will take necessary measures to prevent the spread of the infection
as of the day of the meeting. Your cooperation is highly appreciated.
In case a significant change arises due to the future conditions, such as the venue becomes
unavailable to use, we will notify you by posting it on our website (https://www.daidohlimited.com/).

3

CONSOLIDATED BALANCE SHEET
Daidoh Limited
As of March 31, 2022
Millions of yen
Assets:Current assets:
Cash and deposits
Notes receivable - trade
Accounts receivable - trade
Inventories
Other
Allowance for doubtful accounts
Total current assets

5,468
218
2,473
6,315
1,211
ሺ34)
15,654Non-current assets:
Property, plant and equipment:
Buildings, net
Structures, net
Machinery and equipment, net
Vehicles, net
Tools, furniture and fixtures, net
Land
Leased assets, net
Construction in progress

6,480
5,647
79
123
4
124
356
43
101

Intangible assets:
SoftwareLeased assets
Other

1,649
83
76
1,489

Investments and other assets:
Investment securities
Leasehold and guarantee deposits
Other
Allowance for doubtful accounts
Total non-current assets
Total assets

8,014
6,336
1,524
500
ሺ347)
16,14331,798

4

CONSOLIDATED BALANCE SHEET
Daidoh Limited
As of March 31, 2022
Millions of yen
Liabilities:
Current liabilities:
Notes and accounts payable - trade
Short-term borrowings
Current portion of long-term borrowings
Lease liabilities
Income taxes payable
Contract liabilities
Deposits received
Provision for bonuses
Other
Total current liabilities

1,986
6,733
1,132
156
118
451
2,240
193
1,988
15,000Non-current liabilities:
Long-term borrowings
Lease liabilities
Long-term guarantee deposits
Deferred tax liabilities
Retirement benefit liability
Other
Total non-current liabilities
Total liabilities

3,984
1,506
2,199
567
216
610
9,083
24,084

Net assets:
Shareholders’ equity:
Share capital
Capital surplus
Retained earnings
Treasury shares
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Share acquisition rights
Non-controlling interests
Total net assets
Total liabilities and net assets

5,589
6,891
7,823
(5,220)(3,904)
1,284
543
740
181
658
7,713
31,798

5

CONSOLIDATED STATEMENT OF INCOME
Daidoh Limited
For the year ended March 31, 2022
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit (loss)
Non-operating income:Interest income
Dividend income
Foreign exchange gains
Commission income
Subsidy income
Other
Non-operating expenses:
Interest expenses
Commission expenses
Other
Ordinary profit (loss)
Extraordinary income:Gain on sales of non-current assets
Gain on sales of investment securities
Extraordinary losses:
Loss on sales and retirement of non-current assets
Impairment loss
Loss on sales of investment securities
Business restructuring expenses
Cancellation penalty
Other
Profit (loss) before income taxes
Income taxes - current
Income taxes - deferred
Profit (loss)
Profit (loss) attributable to non-controlling interests
Profit (loss) attributable to owners of parent

6

Millions of yen
24,60911,661
12,947
14,718(1,771)
592
190
104
72
76
60
87
437
197
96
143
(1,615)
223
223
0
2,154
58
420
1,246
319
90
18
(3,546)72
ሺ32)(3,586)(41)(3,544)

NON-CONSOLIDATED BALANCE SHEET
Daidoh Limited
As of March 31, 2022
Millions of yen
Assets:Current assets:
Cash and deposits
Notes receivable - trade
Short-term loans receivable
Other
Allowance for doubtful accounts
Total current assets

1,874
57
5,829
129
(10)
7,880

Non-current assets:
Property, plant and equipment:
Buildings, net
Land
Other, net

120
44
56
19

Intangible assets:
Software
Other

60
19
41
17,146
6,059
10,956306(176)
17,32825,208Investments and other assets:
Investment securities
Shares of subsidiaries and associates
Other
Allowance for doubtful accounts
Total non-current assets
Total assets

7

NON-CONSOLIDATED BALANCE SHEET
Daidoh Limited
As of March 31, 2022
Millions of yen
Liabilities:
Current liabilities:
Short-term borrowings
Current portion of long-term borrowings
Accounts payable - otherAccrued expenses
Income taxes payable
Deposits received
Provision for bonuses
Other
Total current liabilities

4,900
1,132
12
73
35
14
36
23
6,227

Non-current liabilities:
Long-term borrowings
Long-term accounts payable - other
Deferred tax liabilities
Other
Total non-current liabilities
Total liabilities

3,984
302
272
7
4,566
10,793

Net assets:
Shareholders’ equity:
Share capital
Capital surplus
Legal capital surplus
Other capital surplus
Retained earnings
Legal retained earnings
Other retained earnings
Retained earnings brought forward
Treasury shares
Valuation and translation adjustments
Valuation difference on available-for-sale securities
Share acquisition rights
Total net assets
Total liabilities and net assets

13,591
6,891
8,233
5,147
3,086
2,370
959
1,410
1,410
(3,904)641
641
181
14,41425,2088

NON-CONSOLIDATED STATEMENT OF INCOME
Daidoh Limited
For the year ended March 31, 2022
Millions of yen
901
989
(87)
430
388
42
141
130
11
201
1,281
1,246
22
12
(1,080)6(1,086)

Operating revenue
Selling, general and administrative expenses
Operating profit (loss)
Non-operating income:Interest and dividend income
Other
Non-operating expenses:
Interest expenses
Other
Ordinary profit (loss)
Extraordinary losses:
Loss on sales of investment securities
Business restructuring expenses
Other
Profit (loss) before income taxes
Income taxes - current
Profit (loss)

9

REFERENCE MATERIALSFOR THE ORDINARY GENERAL MEETING OF SHAREHOLDERS
Agenda items and reference materials
Item 1: Partial Amendments to Articles of Incorporation
1. Reasons for amendments
The amended provisions stipulated in the proviso of Article 1 of the supplementaryprovisions of the “Act Partially Amending the Companies Act” (Act No. 70 of 2019) will be
enforced on September 1, 2022. Accordingly, in order to prepare for the introduction of thesystem for electronic provision of materials for general meetings of shareholders, the Articles
of Incorporation of the Company shall be amended as follows.
(1) The proposed Article 16, Paragraph 1 provides that information contained in thereference materials for the general meeting of shareholders, etc. shall be provided
electronically.
(2) The purpose of the proposed Article 16, Paragraph 2 is to establish a provision to limit
the scope of matters to be included in the paper copy to be sent to shareholders who
have requested it.
(3) The provisions related to the Internet disclosure and deemed provision of the referencematerials for the general meeting of shareholders, etc. (Article 16 of the current Articles
of Incorporation) will become unnecessary and will therefore be deleted.
(4) In line with the above establishment and deletion of the provisions, supplementaryprovisions related to the effective date, etc. shall be established.
2. Details of amendments
The details of the amendments are as follows.
(Amended parts are underlined.)
Current Articles of Incorporation
Proposed Amendments
CHAPTER III. General Meeting of
CHAPTER III. General Meeting of
Shareholders
Shareholders(Internet Disclosure and Deemed Provision<Deleted>of Reference Materials for the General
Meeting of Shareholders, Etc.)
Article 16 The Company may, whenconvening a general meeting ofshareholders, deem that it has provided
information to shareholders pertaining tomatters to be described or indicated in thereference materials for the general
meeting of shareholders, business report,
non-consolidated financial statements,
and consolidated financial statements, bydisclosing such information through theInternet in accordance with the provisions
provided in the Ordinance of the Ministryof Justice.

10Current Articles of Incorporation<Newly established>

Proposed Amendments(Measures for Electronic Provision, Etc.)
Article 16 The Company shall, whenconvening a general meeting ofshareholders, provide information
contained in the reference materials forthe general meeting of shareholders, etc.
electronically.
2. Among the matters to be provided
electronically, the Company may choose
not to include all or part of the matters
stipulated in the Ordinance of the
Ministry of Justice in the paper copy to
be sent to shareholders who haverequested it by the record date for voting
rights.
(Supplementary provisions)
1. The deletion of Article 16 (Internet
Disclosure and Deemed Provision ofReference Materials for the General
Meeting of Shareholders, Etc.) of thecurrent Articles of Incorporation and the
proposed Article 16 (Measures forElectronic Provision, Etc.) shall comeinto effect on September 1, 2022, whichis the date of enforcement of theamended provisions stipulated in theproviso of Article 1 of the supplementaryprovisions of the Act Partially Amending
the Companies Act (Act No. 70 of 2019)(the “Effective Date”).
2. Notwithstanding the provisions of thepreceding paragraph, Article 16 of thecurrent Articles of Incorporation shallremain in force with respect to a general
meeting of shareholders to be held on adate within six (6) months from the
Effective Date.
3. These supplementary provisions shall bedeleted after the lapse of six (6) months
from the Effective Date or the lapse of
three (3) months from the date of thegeneral meeting of shareholders set forthin the preceding paragraph, whichever islater.

<Newly established>

11

Item 2: Election of Six (6) Directors
As the terms of office of all the current six (6) Directors will expire at the conclusion of thisOrdinary General Meeting of Shareholders, the Company is requesting electing six (6) Directors.
The candidates for Directors are as follows:

Tsukasa Nabewari
1[Reappointment]

Director and Managing Executive Officer of
the Company
in charge of Corporate Administration andChinese Manufacturing Business Operations
Director of PONTETORTO S.p.A.
Chairman of DAIDOH LIMITED
CLOTHING (SHANGHAI) CO., LTD.
Chairman of DAIDOH LIMITEDINTERNATIONAL (SHANGHAI) CO.,LTD.

Kiyoshi Fukura
2[Reappointment]●

Director and Senior Executive Officer of theCompany
in charge of Overseas Business and Real
Estate Businessin charge of Domestic Manufacturing
Business Development and General
Manager, Domestic Manufacturing Business
Development Office
Chairman and Representative Director of
PONTETORTO S.p.A.

Fumitaka Saito
3[Reappointment]●

Katsuo Watabe

Director and Executive Officer of theCompany
President and Representative Director of
Brooks Brothers (Japan), Ltd.

4
[Reappointment]

●

●

●

ESG, Sustainability,
Diversity●organizations

International Experience
Overseas Business●occupations or positions at otherIT
Digital

Name

Legal
Risk Management

Retail, Sales, Marketing

Representative Director and President &CEO of the Company
in charge of DX, DAIDOH ENGAGEMENT
and SDGs
in charge of New Business Promotion in
China and Asia
in charge of DAIDOH FORWARD LTD.
Chairman and Representative Director of
Brooks Brothers (Japan), Ltd.

Current position and responsibilities at
the Company, and significant concurrent

Finance and Accounting

Company Management
Corporate Strategy

Candidate number

Knowledge and experience expected of Directors

●

●

●

●

●

●

●

●

●

●

Director of the Company

●

●

●

●

Director of the Company
Managing Director of Incorporated
Educational Institution of Tanaka Chiyo
Gakuen●●●●Kazuyuki Nishioka
5[Reappointment][External Director][Independent Officer]
Kensuke Narita

6[Reappointment][External Director][Independent Officer]

Note:

The above contents are not an exhaustive indication of each candidate’s insights and experience.

12

Candidate
number1

Name(date ofbirth)

Tsukasa
Nabewari(December 2,
1959)

Career summary, position and responsibilities at theCompany, and significant concurrent occupations or
positions at other organizations
April 1982
Joined the Company
April 2014
Director of NEWYORKER LTD.
(present DAIDOH FORWARD LTD.)
April 2017
Representative Director of
NEWYORKER LTD. (present
DAIDOH FORWARD LTD.)
Director of SHANGHAINEWYORKER CLOTHING SALES
CO., LTD.
June 2017
Executive Officer of the Company
January 2018
Executive Vice President andRepresentative Director of DAIDOHFORWARD LTD.
April 2019
President and Representative Directorof DAIDOH FORWARD LTD.
June 2019
Director and Executive Officer of theCompany
April 2020
Representative Director and President& CEO of the Company (current)
January 2021

April 2021

Number ofshares of theCompany held

11,100 shares

Chairman and Representative Directorof Brooks Brothers (Japan), Ltd.
(current)
In charge of DX, DAIDOHENGAGEMENT and SDGs (current)

April 2022

In charge of New Business Promotion
in China and Asia (current)
In charge of DAIDOH FORWARD
LTD. (current)
Reasons for nomination as a candidate for Director:
As Representative Director and President & CEO, Mr. Tsukasa Nabewari isplaying appropriate roles of making important managerial decisions andsupervising execution of the Company’s business, and is promoting
establishment of earnings bases for the Group. Mr. Nabewari held
responsible positions in the retail division of clothing business, thereby
accumulating considerable experience and knowledge. In charge of
DAIDOH FORWARD LTD, he is promoting enhancement of the earning
power of the various businesses. His achievements qualify him to take arole in ensuring the sustainable growth of the Company and enhancing its
corporate value in the medium to long term. Therefore, the Company
requests the reelection of Mr. Nabewari as Director.

13

Candidate
numberName(date of birth)

2

Kiyoshi
Fukura(October 2,
1952)

Career summary, position and responsibilities at theCompany, and significant concurrent occupations or
positions at other organizations
April 1971
Joined the Company
December 1994 Chief Financial Officer of DAIDOH
LIMITED (SHANGHAI) CO., LTD.
July 2008
General Manager of Management
Control Office of the Company
March 2010
Corporate Auditor of NEWYORKER
LTD. (present DAIDOH FORWARD
LTD.)
April 2010
Corporate Auditor of DAIDOH
INTERNATIONAL LTD. (present
DAIDOH FORWARD LTD.)
Corporate Auditor of DYNACITY
LTD. (present DAIDOH FORWARD
LTD.)
June 2011
Executive Officer of the Company
June 2013
Director and Executive Officer of theCompany, in charge of Accounting and
Finance
Director of DYNACITY LTD. (present
DAIDOH FORWARD LTD.)
June 2016
Director and Senior Executive Officerof the Company
In charge of Corporate Administration
and Real Estate
April 2018
Director and Senior Executive Officerof the Company
In charge of Chinese Manufacturing
Business Operations, Corporate
Administration and Real Estate
June 2019
Managing Director and Senior
Executive Officer of the Company
In charge of Corporate Administration
and Real Estate
April 2020
Representative Director and Managing
Executive Officer of the Company
In charge of Corporate Administration
and Real Estate
April 2021
In charge of Corporate Administration(current)
June 2021
Director of PONTETORTO S.p.A.
(current)

14

Number ofshares of theCompany held

37,200 shares

Candidate
numberName(date of birth)

Career summary, position and responsibilities at the
Number ofCompany, and significant concurrent occupations orshares of thepositions at other organizations
Company held
April 2022
Director and Managing Executive
Officer of the Company (current)
In charge of Chinese Manufacturing
Business Operations (current)
Chairman of DAIDOH LIMITED
CLOTHING (SHANGHAI) CO., LTD.
(current)
Chairman of DAIDOH LIMITEDINTERNATIONAL (SHANGHAI)
CO., LTD. (current)
Reasons for nomination as a candidate for Director:
As Director and Managing Executive Officer, Mr. Kiyoshi Fukura is playing
appropriate roles of making important managerial decisions and supervising
execution of the Company’s business. He is working on establishment andpromotion of management strategies and the establishment of a solid
financial base. In addition, Mr. Fukura has considerable experience andachievements as well as a broad range of knowledge in the fields ofaccounting and financial matters as an officer in charge of the corporate
administration divisions of Group companies, including those overseas. His
achievements qualify him to take a role in ensuring the sustainable growthof the Company and enhancing its corporate value in the medium to longterm. Therefore, the Company requests the reelection of Mr. Fukura as
Director.

15

Candidate
number3

Career summary, position and responsibilities at theCompany, and significant concurrent occupations or
positions at other organizations
August 1990
Joined the Company
December 2002 Director of Jardin Co., Ltd. (present
DAIDOH FORWARD LTD.)
April 2007
General Manager of Management
Planning Office of the Company
June 2013
Executive Officer, General Manager ofManagement Planning Office of theCompany
April 2014
Chairman of DAIDOH LIMITED(CHINA) HOLDINGS CO., LTD.
Chairman of DAIDOH LIMITED(SHANGHAI) CO., LTD.
June 2014
Senior Executive Officer, General
Manager of Management Planning
Office of the Company
In charge of Chinese Manufacturing
Business Operations
June 2016
Director and Executive Officer,
General Manager of Management
Planning Office of the Company
In charge of Chinese Manufacturing
Business Operations and DaidohInternational (present DAIDOH
Fumitaka Saito
FORWARD LTD.)(February 17,
November 2016 Chairman and Representative Director
1958)
of PONTETORTO S.p.A.
April 2017
President and Representative Directorof PONTETORTO S.p.A.
June 2018
Director and Executive Officer
In charge of Overseas Business andGeneral Manager of Management
Planning Office of the Company
April 2019
Director and Executive Officer
In charge of Overseas Business andManagement Planning of the Company
April 2020
Director and Senior Executive Officer(current)
In charge of Overseas Business,
DAIDOH ENGAGEMENT and SDGsof the Company
May 2020
Chairman and Representative Directorof PONTETORTO S.p.A. (current)
April 2021
Chairman of DAIDOH LIMITEDINTERNATIONAL (SHANGHAI)
CO., LTD.
In charge of Overseas Business, Real
Estate Business and Manufacturing
BusinessName(date of birth)16

Number ofshares of theCompany held

10,000 shares

April 2022

In charge of Overseas Business andReal Estate Business (current)
In charge of Domestic Manufacturing
Business Development and, General
Manager, Domestic Manufacturing
Business Development Office (current)
Reasons for nomination as a candidate for Director:
As Director and Senior Executive Officer, Mr. Fumitaka Saito is playing
appropriate roles of making important managerial decisions and supervising
execution of the Company’s business. Being in charge of the overseas
business and real estate business, etc., he concurrently serves as Chairman
and Representative Director of PONTETORTO S.p.A. in Italy, and is
working on enhancement of the earning power of the manufacturing & sales
division in the clothing business. In addition, Mr. Saito has held responsible
positions in the management planning division and in Group companies,
including those overseas, thereby accumulating considerable experience andknowledge. His achievements qualify him to take a role in ensuring thesustainable growth of the Company and enhancing its corporate value in themedium to long term. Therefore, the Company requests the reelection of Mr.
Saito as Director.

17

Candidate
numberName(date of birth)

Career summary, position and responsibilities at theCompany, and significant concurrent occupations or
positions at other organizations
April 1980
Joined Jardin Co., Ltd. (present
DAIDOH FORWARD LTD.)
June 2013
Executive Officer and General
Manager, Production Management
Department of the Company
Chairman of DAIDOH JARDIN(MAANSHAN) CO., LTD.
April 2016

4

Number ofshares of theCompany held

Chairman and President of DAIDOH
LIMITED (SHANGHAI) CO., LTD.
April 2017
President and Representative Directorof DAIDOH INTERNATIONAL LTD.
(present DAIDOH FORWARD LTD.)
Chairman and President of DAIDOH
LIMITED (CHINA) HOLDINGS CO.,
7,400 shares
LTD.
Chairman of DAIDOH LIMITEDINTERNATIONAL (SHANGHAI)
CO., LTD.
January 2018
Executive Vice President and
Katsuo Watabe
Representative Director of DAIDOH(July 21, 1957)
FORWARD LTD.
June 2019
Director and Executive Officer of theCompany (current)
In charge of Manufacturing Business
April 2020
Director of PONTETORTO S.p.A.
January 2021
President and Representative Directorof Brooks Brothers (Japan), Ltd.
(current)
Reasons for nomination as a candidate for Director:
As Director and Executive Officer, Mr. Katsuo Watabe is playing
appropriate roles of making important managerial decisions and supervising
execution of the Company’s business. As President and Representative
Director of Brooks Brothers (Japan), Ltd., he is working on enhancement of
the earning power of the clothing business in Japan. In addition, Mr. Watabe
held responsible positions in Group companies, including those overseas,
thereby accumulating considerable experience and knowledge. His
achievements qualify him to take a role in ensuring the sustainable growthof the Company and enhancing its corporate value in the medium to longterm. Therefore, the Company requests the reelection of Mr. Watabe as
Director.

18

Candidate
number5

Name(date of birth)

Career summary, position and responsibilities at theCompany, and significant concurrent occupations or
positions at other organizations
April 1970
Joined Nagasakiya Co., Ltd.
March 2003
Director of Nagasakiya Co., Ltd.
June 2008
Director of Mainami Amusement Co.,Ltd.
June 2010
Director of Mainami Holdings Co.,Ltd.
Managing Director and COO of
Mainami Amusement Co., Ltd.
June 2016
External Director of the Company(current)

Number ofshares of theCompany held

1,100 shares

Kazuyuki
Reasons for nomination as a candidate for External Director and expected
Nishioka(November 17, roles:
Mr. Kazuyuki Nishioka has served as Director of other companies and has
1947)
considerable experience and achievements as well as a broad range ofknowledge in the business domain of the Company. He is qualified to take arole of External Director in ensuring the sustainable growth of the Company
and enhancing its corporate value in the medium to long term. Therefore,
the Company requests reelection of Mr. Nishioka as External Director. The
Company expects Mr. Nishioka to contribute to strengthening thesupervisory function of the Board of Directors and securing thetransparency of the management by giving opinion and advice beneficial tothe management of the Company and taking a supervisory role at the Boardof Directors from an independent standpoint.

19

Candidate
numberName(date of birth)

6

Kensuke
Narita(October 29,
1956)

Career summary, position and responsibilities at the
Number ofCompany, and significant concurrent occupations orshares of thepositions at other organizations
Company held
April 1981
Joined Nissha Printing Co., Ltd.
(currently Nissha Co., Ltd.)
June 2008
Vice President of Nissha Printing Co.,Ltd.
April 2010
Vice President and General Manager,
Information and Communication
Business Unit of Nissha Printing Co.,Ltd.
July 2015
Representative Director of Nissha- shares
Printing Communications, Inc.
April 2017
Full-time Advisor of Nissha Printing
Communications, Inc.
June 2020
Director of Incorporated Educational
Institution of Tanaka Chiyo Gakuen
External Director of the Company(current)
April 2021
Managing Director of Incorporated
Educational Institution of Tanaka
Chiyo Gakuen (current)
Reasons for nomination as a candidate for External Director and expectedroles:
Mr. Kensuke Narita has considerable experience and achievements as well
as a broad range of knowledge in the management, acquired throughactivities as a corporate manager of other companies. He is qualified to takea role of External Director in ensuring the sustainable growth of theCompany and enhancing its corporate value in the medium to long term.
Therefore, the Company requests the reelection of Mr. Narita as External
Director. The Company expects Mr. Narita to contribute to strengthening
the supervisory function of the Board of Directors and securing thetransparency of the management by giving opinion and advice beneficial tothe management of the Company and taking a supervisory role at the Boardof Directors from an independent standpoint.

20

Notes: 1. No special relationship exists between the Company and the above candidates.
2. Mr. Kazuyuki Nishioka and Mr. Kensuke Narita are candidates for External Directors.
3. Mr. Kazuyuki Nishioka is currently an External Director of the Company and will
have served as an External Director for six (6) years at the conclusion of thisOrdinary General Meeting of Shareholders
4. Mr. Kensuke Narita is currently an External Director of the Company and will have
served as an External Director for two (2) years at the conclusion of this Ordinary
General Meeting of Shareholders.
5. The Company’s Articles of Incorporation provide that the Company may enter into acontract for limitation of liability with its External Directors. Pursuant to thisprovision, if Mr. Kazuyuki Nishioka and Mr. Kensuke Narita assume office as
Directors, the Company plans to continue said contract for limitation of liability witheach of them. Under said contract, the amount of liability for damages is up to theminimum liability amount provided by law.
6. Mr. Kazuyuki Nishioka and Mr. Kensuke Narita have been registered as independent
directors as set forth by the provisions of Tokyo Stock Exchange, Inc., and Nagoya
Stock Exchange, Inc. If their reelection as External Directors is approved, they willcontinue to be independent directors.
7. The Company shall enter into a directors and officers liability insurance contract, as
stipulated under Article 430-3, Paragraph 1 of the Companies Act, with an insurancecompany, designating all of its Directors as the insured. The contract shall coverpotential compensation for damages, litigation costs, etc. that the insured may incurin the course of performing their duties. Each candidate will be included as theinsured under this contract. The Company plans to renew the contract with the sameterms and conditions at the time of the next renewal.

21