Note: This document has been translated from a part of the Japanese original for reference purposes only. In the event of any
discrepancy between this translated document and the Japanese original, the original shall prevail.

Securities code: 6941
June 7, 2018
To our shareholders:
Yoshitaka Ota
President
YAMAICHI ELECTRONICS CO., LTD.
2-16-2, Minamikamata, Ota-ku, Tokyo, JAPANNOTICE OF THE 63RD ORDINARY GENERAL MEETING OF SHAREHOLDERS
You are cordially invited to attend the 63rd Ordinary General Meeting of Shareholders of YAMAICHIELECTRONICS CO., LTD. (the “Company”), which will be held as described below.
If you are unable to attend the meeting, you can exercise your voting rights by mail or via the Internet. We requestthat you follow the instructions laid out below and exercise your voting rights on or before 5:15 p.m. on Tuesday,June 26, 2018 (JST) after considering the following Reference Documents for the General Meeting of Shareholders.
1. Date and Time: Wednesday, June 27, 2018 at 10:00 a.m. (JST)
2. Venue:
Fourth floor, Convention Hall, Ota City Industrial Plaza (PiO)
1-20-20 Minamikamata, Ota-ku, Tokyo
3. Purposes:Items to be reported:
1. Business Report and Consolidated Financial Statements for the 63rd Term (from April 1, 2017 to March 31,2018), as well as the results of audit of the Consolidated Financial Statements by the Accounting Auditor
and the Audit & Supervisory Board
2. Non-Consolidated Financial Statements for the 63rd Term (from April 1, 2017 to March 31, 2018)
Items to be resolved:
Proposal 1:
Appropriation of surplus
Proposal 2:
Election of eight (8) Directors
Proposal 3:
Election of one (1) Substitute Audit & Supervisory Board Member
4. Instructions on Exercising Voting Rights(1) Voting by mail (in writing)
Please complete the enclosed voting form by indicating “for” or “against” for the proposals and return theform so that it arrives by 5:15 p.m. on Tuesday, June 26, 2018 (JST).
(2) Voting via the Internet
Please refer to “Information on Exercising Voting Rights via the Internet” and vote by 5:15 p.m. on
Tuesday, June 26, 2018 (JST). (Japanese only)(3) Handling of multiple votes by mail and via the Internet
If you vote twice, by mail and via the Internet, we will consider only the vote via the Internet to be valid.
(4) Handling of multiple votes via the Internet
If you vote more than once via the Internet, we will consider only the final vote to be valid.

-1-Reference Documents for the General Meeting of Shareholders
Proposal 1:

Appropriation of surplus

The Company’s basic policy for profit distribution is to raise corporate value in the medium to long term, maintainstable dividends and return profits appropriately to shareholders, while also strengthening our financial structure
and business foundation.
In light of a comprehensive assessment of earnings in this fiscal year, future business trends and the financial
foundation, we propose to pay the following dividends, to the amount of 30 yen per share.
Including the interim dividend of 5 yen per share, the annual dividend per share will be 35 yen per share.
(1) Type of dividend property
Cash(2) Allocation of dividend property and total amount thereof
30 yen per common share of the Company
Total amount of dividends: 678,586,530 yen(3) Effective date of distribution of dividends of surplus
June 28, 2018

-2-Proposal 2:

Election of eight (8) Directors

The terms of office of all six Directors expire at the conclusion of this General Meeting of Shareholders.
Accordingly, we propose the election of eight Directors, including three Outside Directors.
The Group, in order to promote the further strengthening of the “growth strategy” and “structural reform” as two
strategies towards achieving the medium term management plan, as well as to contribute to the sustainable growthand further improvement in corporate value of the Group, and with the objective of strengthening the management
system and governance system even more, has decided to increase the number of Directors by two, including one
Outside Director.
The candidates for Directors are as follows:No.

Name(Date of birth)

Career summary, position and responsibilities in the Company(Significant concurrent positions outside the Company)
May 2002
Apr. 2004

12

3

Number of theCompany’s shares
ownedJoined the Company
Senior Executive Officer and Senior General
Manager of Manufacturing Div.
Oct. 2005
Manager of Sakura Factory
Apr. 2007
General Manager of Corporate Planning Dept.
June 2008
DirectorYoshitaka Ota
118,900
June 2009
Executive Vice-president, Pricon(October 10, 1948)
Microelectronics, Inc.
June 2010
Audit & Supervisory Board Member of theCompany (full-time)
June 2013
President (present position)
May 2017
In charge of Optical-related Business (presentposition)
Reasons for nomination as candidate for Director
Yoshitaka Ota possesses wide-ranging knowledge and experience in the Company’s overall operations from his
experience in each division, and given his achievements as the President, we have nominated him as a candidate forDirector.
Apr. 1984
Joined the Company
Feb. 2004
Executive Officer
Apr. 2006
President, Yamaichi Electronics Shenzhen Co.,Ltd.
Takeshi Tsuchiya
Apr. 2008
Executive Officer and Senior General Manager
36,900(June 1, 1961)of TS Business Div. of the Company (presentposition)
June 2013
Director and Senior Executive Officer (presentposition)
June 2016
In charge of Optical-related Business
Reasons for nomination as candidate for Director
Takeshi Tsuchiya possesses extensive knowledge and experience in the Company’s operations, particularly in the sales
division, and also has experience in corporate management at subsidiaries. Given his achievements as Director, we havenominated him as a candidate for Director.
Apr. 1987
Joined the Company
Oct. 2007
President, Yamaichi Electronics Shenzhen Co.,Ltd.
Apr. 2012
Executive Officer and Senior General Managerof Manufacturing Div., General Manager ofJunichi Kameya
28,100
Manufacturing Control Dept. of the Company(June 29, 1964)
Apr. 2013
Senior General Manager of CS Business Div.
(present position)
June 2013
Director and Senior Executive Officer (presentposition)
Reasons for nomination as candidate for Director
Junichi Kameya possesses extensive knowledge and experience in the Company’s operations, particularly in the sales
division and the manufacturing division, and also has experience in corporate management at subsidiaries. Given hisachievements as Director, we have nominated him as a candidate for Director.

-3-No.

Name(Date of birth)

Career summary, position and responsibilities in the Company(Significant concurrent positions outside the Company)
Dec. 1988
Apr. 2009456

Number of theCompany’s shares
ownedJoined the Company
General Manager of Overseas Sales Dept.,
Sales Headquarters, Business Control
Headquarters
Apr. 2014
President, Yamaichi Electronics USA, Inc.
Kazuhiro Matsuda
20,300(April 11, 1964)
Apr. 2015
Executive Officer of the Company
June 2017
Director and Senior Executive Officer (presentposition)
Senior General Manager of Administration Div.
(present position)
Reasons for nomination as candidate for Director
Kazuhiro Matsuda possesses extensive knowledge and experience in the Company’s operations, particularly in theadministration division and the overseas sales division, and also has experience in corporate management atsubsidiaries. Given his achievements as Director, we have nominated him as a candidate for Director.
Nov. 1988
Joined the CompanyFeb. 2004
General Manager of Sales Dept. II
Apr. 2008
General Manager of West Japan Sales Dept.,
General Manager of TS Planning and Special
Items Dept.
Nobuhiro Kishimura
Apr. 2011
General Manager of TS Business Promotion(September 24, 1964)
Dept.
18,000New election
Apr. 2013
General Manager of TS Business Promotion Gr.
(present position)
General Manager of TS Sales Dept.
June 2013
Acting Senior General Manager of TS BusinessDiv. (present position)
Apr. 2014
Executive Officer (present position)
Reasons for nomination as candidate for Director
Nobuhiro Kishimura possesses extensive knowledge and experience in the Company’s operations, particularly in thesales division, and also has experience in business operation as an executive officer. Given his achievements, we have
newly nominated him as a candidate for Director.
Apr. 1963
Joined Nissan Motor Co., Ltd.
June 1998
Executive Vice President, Nissan Motor Co.,Ltd.
Apr. 2002
Visiting professor, Graduate School of
Economics of Chuo University
June 2002
Outside Statutory Auditor, Nissan Shatai Co.,Ltd.
Kensho Kusumi–June 2002
Outside Audit & Supervisory Board Member,(February 1, 1940)
Calsonic Kansei Corporation
July 2005
President, SME Region Shared ServiceCorporation
June 2009
Outside Director, Hibiya Engineering, Ltd.
(present position)
June 2015
Outside Director of the Company (presentposition)
Reasons for nomination as candidate for Outside Director
Kensho Kusumi has extensive experience over many years as a corporate executive and possesses wide-ranging
knowledge. He provides objective and unbiased advice on management, and we have nominated him as a candidate for
Outside Director.

-4-No.

Name(Date of birth)

Career summary, position and responsibilities in the Company(Significant concurrent positions outside the Company)
Apr. 1991
July 1994
Sept. 1996
Feb. 2009

78Notes:Number of theCompany’s shares
ownedJoined Daiwa Securities Co. Ltd.
Joined Daiwa Institute of Research Ltd.
Joined Morgan Stanley Japan Limited
Tomohiro Murata–Joined Frontier Management Inc.
(June 17, 1968)
Managing Director (present position)June 2015
Outside Director of the Company (presentposition)
Reasons for nomination as candidate for Outside Director
Tomohiro Murata has extensive experience as a management consultant and possesses wide-ranging knowledge. He
provides objective and unbiased advice on management, and we have nominated him as a candidate for OutsideDirector. While he does not have experience in working directly in corporate management, for the reasons given above,
we believe that he would fulfill his responsibilities as an Outside Director.
Apr. 1980
Joined Nitto Electric Industrial Co., Ltd.
(currently Nitto Denko Corporation)June 2006
Vice President, Nitto Denko Corporation
Yoichiro Sakuma
June 2010
Director, Vice President, Nitto Denko–(September 4, 1955)
Corporation
New election
June 2013
Director, Executive Vice President, Nitto Denko
Corporation
June 2017Retired from Nitto Denko Corporation
Reasons for nomination as candidate for Outside Director
Yoichiro Sakuma has extensive experience over many years as a corporate executive and possesses wide-ranging
knowledge. He is expected to provide objective and unbiased advice on management, and we have newly nominatedhim as a candidate for Outside Director.
1. There is no special interest between each candidate and the Company.
2. Kensho Kusumi, Tomohiro Murata and Yoichiro Sakuma are candidates for Outside Directors. The Company hasregistered Kensho Kusumi and Tomohiro Murata as Independent Officers as stipulated in Article 436-2 of the Securities
Listing Regulations of the Tokyo Stock Exchange, Inc. If their reelections are approved, the Company will continue toregister them as Independent Officers. Furthermore, Yoichiro Sakuma satisfies the requirements for an independentOfficer as provided for by Tokyo Stock Exchange, Inc., and the Company plans to register him as an independent
Officer to the aforementioned exchange if his election is approved.
3. Kensho Kusumi and Tomohiro Murata are currently the Company’s Outside Directors, and both will have served as
Outside Directors for three years as of the conclusion of this General Meeting of Shareholders.
4. Based on the provisions in Article 427, Paragraph 1 of the Companies Act, the Company has concluded agreements withKensho Kusumi and Tomohiro Murata that limit the liability for damages specified in Article 423, Paragraph 1 of theCompanies Act to the minimum amount stipulated in Article 425, Paragraph 1 of that Act. If their reelections areapproved, the Company plans to continue these agreements. If the election of Yoichiro Sakuma is approved, theCompany plans to conclude the same limited liability agreement with him.

-5-Proposal 3:

Election of one (1) Substitute Audit & Supervisory Board Member

Based on the provisions of Article 329, Paragraph 3 of the Companies Act, the Company proposes to elect one
substitute Audit & Supervisory Board Member to prepare for a contingency in which the Company does not havethe number of Audit & Supervisory Board Members required by laws and regulations.
The Audit & Supervisory Board has given its consent to this proposal.
The candidate for substitute Audit & Supervisory Board Member is as follows:
Name(Date of birth)

Career summary and position in the Company(Significant concurrent positions outside the Company)
Apr. 1973

Number of theCompany’s shares
ownedJoined Tokyo Shibaura Electric Co., Ltd. (currently ToshibaCorporation)
Oct. 2003
General Manager of Materials Division, and General
Manager of Silicon Business Division, Toshiba Ceramics
Co., Ltd.
Kazuo Minagawa–(January 27, 1951)
June 2007
Senior Managing Director and General Manager, Business
Division, Covalent Materials Corporation
June 2011
Audit & Supervisory Board Member, Covalent Materials
CorporationJune 2012Retired from Covalent Materials Corporation
Reasons for nomination as candidate for substitute Outside Audit & Supervisory Board Member
Kazuo Minagawa has many years of experience as a corporate manager as well as experience as an audit & supervisory board
member, and is expected to supervise the Directors’ execution of operations from an objective and unbiased perspective, making him
a well-qualified choice for the Company’s Outside Audit & Supervisory Board Member.
Notes: 1. There is no special interest between the candidate and the Company.
2. Kazuo Minagawa is a candidate for substitute Outside Audit & Supervisory Board Member.
3. If Kazuo Minagawa is appointed as Audit & Supervisory Board Member, the Company plans to conclude an agreementwith him that limits the liability for damages specified in Article 423, Paragraph 1 of the Companies Act to the minimum
amount stipulated in Article 425, Paragraph 1 of that Act based on the provisions in Article 427, Paragraph 1 of that Act.

-6-