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 shallprevail. The Company assumes no responsibility for this translation or for direct, indirect or any other formsof damages arising from the translation.
(Stock Exchange Code 9010)
May 30, 2019
To Shareholders with Voting Rights:
Koichiro Horiuchi
President and Representative Director
FUJI KYUKO CO., LTD.
2-1, Shin-nishihara 5-chome,
Fujiyoshida-shi, Yamanashi

NOTICE OF
THE 118TH ANNUAL GENERAL MEETING OF SHAREHOLDERS
Dear Shareholders:
We would like to express our appreciation for your continued support and patronage.
You are cordially invited to attend the 118th Annual General Meeting of Shareholders of FUJI KYUKO
CO., LTD. (the “Company”). The meeting will be held for the purposes described below.
If you are unable to attend the meeting, you can exercise your voting rights in writing or by the Internet, etc.
Please review the attached Reference Documents for the General Meeting of Shareholders and exercise yourvoting rights after reading “Guidance for the Exercise of Voting Rights” on page 3. Your vote must be
received by 6 p.m. on Wednesday, June 19, 2019, Japan time.
1. Date and Time:Thursday, June 20, 2019, at 10 a.m. Japan time

2. Place:

Highland Resort Hotel & Spa “Grand Banquet Fuji”
6-1, Shin-nishihara 5-chome, Fujiyoshida-shi, Yamanashi(By train, get off at the Fuji-Q Highland Station on the Fujikyuko Line)

3. Meeting Agenda:
Matters to be reported: 1. The Business Report, Consolidated Financial Statements for the Company’s
118th Fiscal Year (April 1, 2018‒March 31, 2019) and results of audits by
the Accounting Auditor and the Board of Corporate Auditors of theConsolidated Financial Statements
2. Non-consolidated Financial Statements for the Company’s 118th Fiscal Year
(April 1, 2018‒March 31, 2019)
Proposals to be resolved:
Appropriation of Surplus
Proposal 1:
Election of Twelve (12) Directors
Proposal 2:
Election of One (1) Corporate Auditor
Proposal 3:
Revision of the Amount of Remuneration for Corporate Auditors
Proposal 4:
4. Matters concerning the exercise of voting rights:(1) If you have exercised your voting rights both by sending the Voting Rights Exercise Form and via theInternet, the vote cast through the Internet shall be deemed valid.
(2) If you have exercised your voting rights via the Internet more than once, the latest vote shall bedeemed valid.
(3) In accordance with laws and regulations and Article 18 of the Company’s Articles of Incorporation,
the “System to Ensure Business Appropriateness” and “Outline of the Status of Operation of the
System to Ensure Business Appropriateness” in the Business Report, the Consolidated Statement of
Changes in Equity, the Notes to the Consolidated Financial Statements, as well as the Statement of-1-

Changes in Equity and the Notes to the Non-consolidated Financial Statements are not attached tothis notice of annual general meeting of shareholders and instead are provided on the Company’s
website (https://www.fujikyu.co.jp/soumu/investors/meeting.html). The Accounting Auditor and the
Corporate Auditors of the Company have audited the documents subject to audit including these
items that are posted on the Company’s website.
(4) Should the Reference Documents for the General Meeting of Shareholders, the Business Report, theConsolidated Financial Statements and the Non-consolidated Financial Statements require revisions,the revised versions will be posted on the Company’s website shown in (3) above.
When attending the meeting, please submit the enclosed Voting Rights Exercise Form at the receptiondesk.
After the shareholders’ meeting, we will have an informal gathering for shareholders as usual.

-2-Guidance for the Exercise of Voting Rights
1. Attending the Meeting
Please bring the enclosed Voting Rights Exercise Form with you and submit it at the reception desk.
Date and time of the Meeting: Thursday, June 20, 2019, at 10 a.m. Japan time
2. Exercising voting rights by mailPlease indicate your vote for or against each proposal on the enclosed Voting Rights Exercise Form and returnit to us.
Exercise deadline: to be received by the Company by Wednesday, June 19, 2019, at 6 p.m. Japan time
3. Exercising voting rights via the Internet, etc.
(1) Scanning QR Code (via a smartphone)
Exercise deadline: Wednesday, June 19, 2019, at 6 p.m. Japan time
Scanning QR Code (via a smartphone): When using a smartphone, you can log into the voting website byscanning the QR Code printed on the enclosed Voting Rights Exercise Form (right side), without entering alogin ID and temporary password.
(2) Entering a login ID and temporary password (via a smartphone, mobile phone or PC, etc.)
Exercise deadline: Wednesday, June 19, 2019, at 6 p.m. Japan time
Entering a login ID and temporary password: The voting website on the Internet: https:// evote.tr.mufg.jp/

Notes on use of the voting website
Please be aware that you shall incur the fees and charges for accessing the voting site (Internet accessfees, phone charges and others). If you access said website by mobile phone, you shall also incur the
packet communication fees and other charges related to the use of the mobile phone.
For any inquiries about the use of the voting website, contact:
Toll-free number: 0120-173-027 (9 a.m.‒9 p.m.)
Stock Transfer Agency Department (Help Desk)
Mitsubishi UFJ Trust and Banking Corporation
To Institutional Investors:
The Company subscribes to the “ICJ Platform,” an electronic voting platform operated by ICJ, Inc.
End

-3-

Reference Documents for the General Meeting of Shareholders
Proposals and References
Proposal 1:

Appropriation of Surplus

The Company proposes to pay a year-end dividend of ¥16 per share for the fiscal year ended March 31,
2019, while conforming to the basic policy of maintaining stable dividends and taking into account thebusiness results for the fiscal year under review and other factors.
1)

Type of property for dividends
Cash

2)

Allotment of property for dividends and total amount thereof¥16 per share of the Company’s common stock
Total amount: ¥854,162,336

3)Effective date of distribution of surplus
June 21, 2019-4-

Proposal 2:

Election of Twelve (12) Directors

The terms of office of all twelve (12) Directors will expire at the conclusion of this Annual General
Meeting of Shareholders. Accordingly, the election of twelve (12) Directors is proposed.
The candidates are as follows:[Reference] List of candidates
No.

Current positions at
the Company

Name

1

Reappointed

Koichiro Horiuchi

2

Reappointed

Takaichi Fukushige

3
4
5
6
7
8
9
10
11
12

Reappointed

Ikuo Uno
Tomofumi Akiyama
Mamoru Ozaki
Yoshiki Sato
Tsutomu Nagaoka
Keiko Ohara
Kaoru Suzuki
Masanori Hirose
Tsuyoshi Furuya
Minao Aikawa

Reappointed
Reappointed
Reappointed
Newly appointed
Newly appointed
Reappointed
Reappointed
Reappointed
Newly appointed

OutsideIndependent

OutsideIndependent

OutsideIndependent

OutsideIndependent

OutsideIndependent

OutsideIndependent

President andRepresentative
Director
Senior Managing
Director
Director
Director
Director
Director
Director
Director
Director-

Attendance at
the Board of
Directors’
meetings

9/9
9/9
9/9
8/9
9/9
8/9
9/9
7/7
7/7
-

(Note) Number of attendance at the Board of Directors’ meetings for Messrs. Masanori Hirose and Tsuyoshi Furuya is only for
the Board of Directors’ meetings held after their election on June 22, 2018.
Reappointed
Newly appointed
OutsideIndependent

Candidate to be reappointed
Candidate to be newly appointed
Candidate for Outside Director
Candidate for Independent Director

-5-

No.

1

Name
(Date of birth)

Past experience, positions, responsibilities
and significant concurrent positions
April 1983
Joined the Long-Term Credit Bank Ltd. (currently Shinsei BankLtd.)
March 1988
General Manager, Corporate Planning Div. of the Company
Koichiro Horiuchi
June 1988
Managing Director of the Company(September 17, 1960) February 1989
Senior Managing Director of the Company
Representative Director; Senior Managing Director of theJune 1989
To be reappointed
Company
September 1989 President and Representative Director of the Company (toNumber of thepresent)
Company’s shares[Significant concurrent positions]
held: 471,946
・Representative Director, FJ Co., Ltd.
・Representative Director, Highland Resort Hotel & Spa Co., Ltd.
Attendance at the・Representative Director, Minobusan Ropeway Co., Ltd.
Board of Directors’・Chairman and Representative Director, Television Yamanashi Co., Ltd.
meetings: 9/9
・President, Public Interest Incorporated Foundation Horiuchi Koankai
・Outside Auditor, The Yamanashi Chuo Bank, Ltd.
・Chairman and Representative Director, FUJI mineral water Co., Ltd.
Reasons for selecting the candidate for Director
As President of the Company, Koichiro Horiuchi has long engaged in the overall management of
the Company, thereby acquiring significant experience. In addition, he has a broad network of
personal contacts and deep insight through his experience of taking important posts, including
Chairman of the Nihon Bus Association. For these reasons, he is judged as qualified to be
nominated again for Director.

-6-

No.

2

Name
(Date of birth)

Past experience, positions, responsibilities
and significant concurrent positions
Joined The Industrial Bank of Japan, Limited (“IBJ”) (currently
April 1977
Mizuho Financial Group, Inc.; hereinafter the same applies)
Associate Director-General, Group II of Marketing Department
June 1997
X, IBJ
Associate Director-General, Group I of Osaka Marketing
May 1998
Department I, IBJ
Deputy General Manager, Operations Department, IBJ
June 2001
General Manager, Auditors Office, Mizuho Financial Group,
April 2002
Inc.
Takaichi Fukushige August 2002
Deputy General Manager, Credit Department No. 1, Mizuho(December 1, 1953)
Bank, Ltd.
Advisor of the Company
April 2005
Director of the Company
To be reappointed
June 2005
Manager, Group Business Div. of the Company
June 2007
Managing Director of the Company
Number of theJune 2008
Manager, Group Business Div. of the Company and in charge ofCompany’s shares
June 2008
Real Estate Business Div.
held: 6,100
Senior Managing Director of the Company (to present)
June 2010
June 2012
Senior Executive Officer of the Company (to present)
Attendance at theBoard of Directors’ December 2014 Manager, Group Business Div. of the Company and in charge ofMarketing Div. and Real Estate Business Div.
meetings: 9/9
Manager, Group Business Div. of the Company and in charge ofJune 2015
Marketing Div. and Real Estate Business Div., and Chairman, IT
Promotion Committee
November 2016 Manager, Group Business Div. of the Company and in charge ofMarketing Div. and Real Estate Business Div.
Aide to Chief Officer supervising Operations Div. and in charge
April 2018
of Marketing Div. of the Company (to present)[Significant concurrent positions]・Representative Director and Advisor, Sagamiko Resort Co., Ltd.
Reasons for selecting the candidate for Director
Takaichi Fukushige has engaged in the leisure and service and real estate businesses at theCompany and spent many years at financial institutions, accumulating considerable experience. As
Director of the Company, he has actively contributed to discussions at the Board of Directors’
meetings. These achievements make him judged as qualified to be nominated again for Director.

-7-

No.

Name
(Date of birth)

Past experience, positions, responsibilities
and significant concurrent positions
July 1986
Director, Nippon Life Insurance Company
March 1989
Managing Director, Nippon Life Insurance Company
Ikuo Uno
March 1992
Senior Managing Director, Nippon Life Insurance Company(January 4, 1935)
March 1994
Executive Vice President, Nippon Life Insurance Company
April 1997
President, Nippon Life Insurance Company
To be reappointed
June 1998
Director of the Company (to present)
OutsideApril 2005
Chairman, Nippon Life Insurance Company
Independent
April 2011
Executive Advisor to the Board, Nippon Life Insurance
Company
Number of theJuly 2015
Executive Advisor, Nippon Life Insurance Company (to present)
Company’s shares[Significant concurrent positions]
held: 0・Executive Advisor, Nippon Life Insurance Company
Attendance at the ・Outside Auditor, Odakyu Electric Railway Co., Ltd.
Board of Directors’ ・External Audit & Supervisory Board member (Audit & Supervisory
Board Member), Tohoku Electric Power Co., Inc.
meetings: 9/9

3
Reasons for selecting the candidate for Outside Director
Ikuo Uno has considerable experience in corporate management as is seen by the fact that he iscurrently assigned as an Honorary Advisor of Nippon Life Insurance Company. We believe that hewill utilize his highly professional experience in corporate management to provide appropriate
advice on the overall matters of corporate management from an objective standpoint independent
from the Company’s officers responsible for business execution, thereby further reinforcing theCompany’s management structure. For these reasons, he is judged as qualified to be nominated for
Outside Director.
Special notes regarding the candidate for Outside Director
Ikuo Uno satisfies the criteria for independent directors as set forth by the regulations of the Tokyo
Stock Exchange, and the Company has registered him with the Exchange as an independent director.
If his election is approved as originally proposed, the Company continues to register him as anindependent director.

-8-

No.

Name
(Date of birth)

Past experience, positions, responsibilities
and significant concurrent positions
Tomofumi Akiyama July 1984
Director, Fukoku Mutual Life Insurance Company(August 13, 1935)
March 1989
Managing Director, Fukoku Mutual Life Insurance Company
July 1998
President and Representative Director, Fukoku Mutual LifeTo be reappointed
Insurance Company
OutsideJune 1999
Director of the Company (to present)
Independent
July 2010
Chairman of the Board, Fukoku Mutual Life Insurance Company(to present)
Number of the[Significant concurrent positions]Company’s shares ・Chairman of the Board, Fukoku Mutual Life Insurance Company
held: 0・Outside Director, Imperial Hotel, Ltd.
・External Director, TOKYO DOME CORPORATION
Attendance at theBoard of Directors’
meetings: 8/9

4
Reasons for selecting the candidate for Outside Director
Tomofumi Akiyama has considerable experience in corporate management as is seen by thefact that he is currently assigned as Chairman of the Board of Fukoku Mutual Life Insurance
Company. We believe that he will utilize his highly professional experience in corporate
management to provide appropriate advice on the overall matters of corporate managementfrom an objective standpoint independent from the Company’s officers responsible forbusiness execution, thereby further reinforcing the Company’s management structure. For
these reasons, he is judged as qualified to be nominated for Outside Director.
Special notes regarding the candidate for Outside Director
Tomofumi Akiyama satisfies the criteria for independent directors as set forth by the regulations of
the Tokyo Stock Exchange, and the Company has registered him with the Exchange as anindependent director. If his election is approved as originally proposed, the Company continues toregister him as an independent director.

-9-

No.

5

Name
(Date of birth)

Past experience, positions, responsibilities
and significant concurrent positions
April 1958
Joined the Ministry of Finance (Research Division, Tax Bureau)
April 1975
Councilor, Embassy of Japan in United States of America,
Ministry of Foreign Affairs of Japan
Mamoru Ozaki
July 1980
Secretary to the Prime Minister(May 20, 1935)
June 1983
Director of Administration and Legal Division, Minister’s
Secretariat, Ministry of Finance
To be reappointed
June 1984
Director-General of Kinki Local Finance Bureau, Ministry of
OutsideFinance
Independent
December 1988 Director-General of Tax Bureau, Ministry of Finance
June 1991
Commissioner, National Tax Agency
Number of theJune 1992
Administrative Vice Minister, Ministry of Finance
Company’s shares
May 1994
Governor & CEO, People’s Finance Corporation (currently Japan
held: 0Finance Corporation)
October 1999
Governor & CEO, National Life Finance Corporation (currently
Attendance at theJapan Finance Corporation)
Board of Directors’
January 2003
Counselor, Research Institute, People’s Finance Corporation
meetings: 9/9
February 2003
Executive Advisor, Yazaki Corporation
June 2003
Director of the Company (to present)[Significant concurrent positions]・Outside Director, Kikkoman Corporation
Reasons for selecting the candidate for Outside Director
Mamoru Ozaki once held important positions, including Administrative Vice Minister, at the
Ministry of Finance. After leaving the ministry, he has been involved in corporate
management, accumulating considerable experience in various fields. We believe that he will
utilize such experience to provide appropriate advice on the overall matters of corporate
management from an objective standpoint independent from the Company’s officers
responsible for business execution, thereby further reinforcing the Company’s management
structure. For these reasons, he is judged as qualified to be nominated for Outside Director.
Special notes regarding the candidate for Outside Director
Mamoru Ozaki satisfies the criteria for independent directors as set forth by the regulations of theTokyo Stock Exchange, and the Company has registered him with the Exchange as an independent
director. If his election is approved as originally proposed, the Company continues to register him as
an independent director.
Mamoru Ozaki served as Executive Advisor of Yazaki Corporation during the period fromFebruary 2003 to February 2018, however, there is no trading relationship between said company
and the Company.

- 10 -

No.

6

Name
(Date of birth)

Past experience, positions, responsibilities
and significant concurrent positions
April 2003
Executive Officer, Asahi Mutual Life Insurance Company
Yoshiki Sato
April 2004
Managing Executive Officer, Asahi Mutual Life Insurance(December 5, 1949)
Company
July 2004
Director and Managing Executive Officer, Asahi Mutual LifeTo be reappointed
Insurance Company
OutsideJuly 2008
Representative Director and President, Asahi Mutual Life
Independent
Insurance Company
June 2015
Director of the Company (to present)
Number of theApril 2017
Representative Director and Chairman, Asahi Mutual Life
Company’s shares
Insurance Company
held: 0April 2019
Director and Chairman, Asahi Mutual Life Insurance Company(to present)
Attendance at the[Significant concurrent positions]Board of Directors’
・Director and Chairman, Asahi Mutual Life Insurance Company
meetings: 8/9
・Outside Corporate Auditor, ADEKA CORPORATION
・Outside Auditor, FUJI ELECTRIC CO., LTD.
Reasons for selecting the candidate for Outside Director
Yoshiki Sato currently serves as Director and Chairman of Asahi Mutual Life Insurance
Company, with considerable experience in corporate management. We believe that he will
utilize his highly professional experience in business management to provide appropriate
advice on the overall matters of corporate management from an objective standpoint
independent from the Company’s officers responsible for business execution, thereby further
reinforcing the Company’s management structure. For these reasons, he is judged as qualified
to be nominated for Outside Director.
Special notes regarding the candidate for Outside Director
Yoshiki Sato satisfies the criteria for independent directors as set forth by the regulations of theTokyo Stock Exchange, and the Company has registered him with the Exchange as an independent
director. If his election is approved as originally proposed, the Company continues to register him as
an independent director.

- 11 -

No.

7

Name
(Date of birth)

Past experience, positions, responsibilities
and significant concurrent positions
Tsutomu Nagaoka April 2007
Executive Officer, TOKYO DOME CORPORATION(November 23, 1955) April 2009Managing Executive Officer, TOKYO DOME CORPORATION
April 2012Managing Director and Executive Officer, TOKYO DOME
To be newly
CORPORATION
appointed
April 2014
Senior Managing Director and Executive Officer, TOKYO
OutsideDOME CORPORATION
Independent
April 2016
Representative Director, President and COO, TOKYO DOMECORPORATION (to present)
Number of the[Significant concurrent positions]Company’s shares ・Representative Director, President and COO, TOKYO DOME CORPORATION
held: 0Reasons for selecting the candidate for Outside Director
Tsutomu Nagaoka currently serves as Representative Director, President and COO of TOKYODOME CORPORATION, with considerable experience in tourism. We believe that he will utilize
his highly professional experience in business management to provide appropriate advice on theoverall matters of corporate management from an objective standpoint independent from theCompany’s officers responsible for business execution, thereby further reinforcing theCompany’s management structure. For these reasons, he is judged as qualified to be nominatedfor Outside Director..
Special notes regarding the candidate for Outside Director
Tsutomu Nagaoka satisfies the criteria for independent directors as set forth by the regulations of theTokyo Stock Exchange, and the Company intends to register him with the Exchange as anindependent director if his election is approved as originally proposed.

- 12 -

No.

8

Name
(Date of birth)

Past experience, positions, responsibilities
and significant concurrent positions
April 1988
Registered as a lawyer (Dai-Ichi Tokyo Bar Association)
April 1988
Joined Komatsu Sogo Law Firm (currently Komatsu & Koma
Keiko Ohara
Law Firm)(October 18, 1959) September 1992 Joined New York Office of Weil, Gotshal & Manges LLP.
August 1993
Registered as a lawyer (State of New York)To be newly
October 1993
Returned to Komatsu & Koma Law Firm
appointed
February 2000
Founding Partner, Kamiyacho International Law Office (toOutsidepresent)
Independent
September 2012 Adjunct lecturer at Keio Law School, Keio University (topresent)
Number of the
March 2017
Auditor, Save the Children Japan (to present)
Company’s shares
June 2017
Chair of Committee on Foreign Lawyers and International Legal
held: 0Practice of Japan Federation of Bar Associations (to present)[Significant concurrent positions]・Director, Member of the board (Independent), Financial Products Group Co., Ltd.
Reasons for selecting the candidate for Outside Director
Keiko Ohara has highly professional knowledge and abundant international experience as alawyer. We believe that she will utilize her knowledge and experience to provide appropriate
advice on the overall matters of corporate management from an objective standpoint
independent from the Company’s officers responsible for business execution, thereby further
reinforcing the Company’s management structure. For these reasons, she is judged as qualified
to be nominated for Outside Director.
Special notes regarding the candidate for Outside Director
Keiko Ohara satisfies the criteria for independent directors as set forth by the regulations of theTokyo Stock Exchange, and the Company intends to register her with the Exchange as anindependent director if her election is approved as originally proposed.
February 1984
Kaoru Suzuki
January 1999
(September 13, 1958)
August 2008
To be reappointed
Number of theCompany’s shares
held: 5,100

9Attendance at theBoard of Directors’
meetings: 9/9

February 2010
June 2012
June 2014
June 2014
December 2014
June 2015

Joined Fujikyu Corporation (currently FJ Co., Ltd.)
Joined the Company
Manager, General Affairs Div., and Manager, Planning Div. of
the Company
Chief of the Sales Promotion Section and Manager, Planning Div.
of the Company
Executive Officer of the Company (to present)
Director of the Company (to present)
Chief of the Sales Promotion Section and General Manager,
Planning Div. of the Company
General Manager, Publicity Div., and General Manager, Planning
Div. of the Company
General Manager, Publicity Div., and in charge of Planning Div.
of the Company (to present)

Reasons for selecting the candidate for Director
Kaoru Suzuki has accumulated considerable experience by having long engaged in the planningand publicity divisions of the Company. As a Director, he has taken an active role in the discussions
at meetings of the Board of Directors. These achievements make him judged as qualified to be
nominated again for Director.

- 13 -

No.

Name(Date of birth)
Masanori Hirose(March 7, 1958)
To be reappointed
Number of theCompany’s shares
held: 4,020

10

Attendance at theBoard of Directors’
meetings: 7/7

March 1981
August 2010
June 2012
June 2012
June 2013
June 2014
June 2015
June 2015
June 2018
June 2018

Past experience, positions, responsibilities
and significant concurrent positions
Joined the Company
General Manager status of the Company
Executive Officer of the Company
Manager, Transportation Business Div. of the Company
President and Representative Director, Fujikyu Sales Co., Ltd.
President and Representative Director, Fuji Express Co.,
Executive Officer of the Company (to present)
General Manager, Audit Section and General Manager, General
Affairs Div. of the Company
Director of the Company (to present)
General Manager, General Affairs Div. and General Manager,
Human Resources Div. of the Company (to present)

Reasons for selecting the candidate for Director
Masanori Hirose has accumulated considerable experience by having long engaged in the generalaffairs division, transportation division and management of the group companies, as well as serving
as General Manager of General Affairs Div. and General Manager of Human Resources Div., andtaken an active role as a Director of the Company in the discussions at meetings of the Board of
Directors. These achievements make him judged as qualified to be nominated again for Director.

Tsuyoshi Furuya(April 29, 1959)
To be reappointed
Number of theCompany’s shares
held: 2,300

11

Attendance at theBoard of Directors’
meetings: 7/7

March 1983
June 2014
June 2014
June 2014
June 2014
June 2015
June 2016
June 2016
June 2016
February 2018

April 2018
June 2018

Joined the Company
General Manager status of the Company
President and Representative Director, Fujikyu City Bus Inc.
President and Representative Director, Fujinomiya Fujikyu Hotel
Co., Ltd. (currently Hotel Fujikyu Co., Ltd.)
President and Representative Director, Shizuhoka Holding, Co.,Ltd.
Manager, Transportation Business Div. of the Company
Executive Officer of the Company (to present)
President and Representative Director, Fujikyu Yamanashi Bus
Co., Ltd. (currently Fujikyu Bus Inc.)
President and Representative Director, Fujikyu Auto Service
Co., Ltd.
Manager, Transportation Business Div., Manager, Group
Business Div., and Manager, Real Estate Business Div. of theCompany
General Manager, Operations Div. of the Company (to present)
Director of the Company (to present)

Reasons for selecting the candidate for Director
Tsuyoshi Furuya has accumulated considerable experience by having long engaged in thetransportation division, leisure and service division and management of the group companies, as well
as serving as General Manager of Operations Div., and taken an active role as a Director of theCompany in the discussions at meetings of the Board of Directors. These achievements make him
judged as qualified to be nominated again for Director.

- 14 -

No.

12

Name
(Date of birth)

Past experience, positions, responsibilities
and significant concurrent positions
March 1984
Joined the Company
Minao Aikawa
August 2011
General Manager, Management & Administration Div.
(February 9, 1962)
September 2013 Temporarily seconded to FJ Co., Ltd.
To be newly appointed June 2018
Executive Officer of the Company (to present)
June 2018
General Manager, Management & Administration Div. (toNumber of thepresent)
Company’s shares [Significant concurrent positions]
held: 4,000
・President and Representative Director, Fujikyu Accounting Service Co., Ltd.
Reasons for selecting the candidate for Director
Minao Aikawa has accumulated considerable experience by having long engaged in the accounting
division of the Company and by serving as General Manager of Management & Administration
Div., and taken an active role as an Executive Officer of the Company in the discussions at meetingsof the Board of Executive Officers. These achievements make him judged as qualified to be newly
nominated for Director.

Notes:
1.

The Company has business relationships with FJ Co., Ltd., and Public Interest Incorporated Foundation Horiuchi
Koankai relating to real estate rental and the outsourcing of business.
FJ Co., Ltd. engages in the golf course and real estate businesses, which fall under the same categories of businesses
operated by the Company.

2.

Minobusan Ropeway Co., Ltd. operates the cableway business, which falls under the same category of abusiness operated by the Company.
The Company has a business relationship with FUJI mineral water Co., Ltd., relating to the purchase of articles,
real estate rental and lending of funds.

3.
4.
5.

6.

7.

The Company has a business relationship with Fujikyu Accounting Service Co., Ltd. relating to business consignment,
real estate rental lending and the borrowing of funds through the cash management system (CMS).
Messrs. Ikuo Uno, Tomofumi Akiyama, Mamoru Ozaki, Yoshiki Sato and Tsutomu Nagaoka, and Ms. Keiko Ohara are
candidates for Outside Director as stipulated in Article 2, Paragraph 3, Item 7, of the Ordinance for Enforcement of theCompanies Act.
Number of years in office of candidates as Outside Directors:
As of June 2019, Messrs. Ikuo Uno, Tomofumi Akiyama, Mamoru Ozaki and Yoshiki Sato will have been in theposition for 21 years, 20 years, 16 years and four years, respectively.
An agreement of limitation of liability with the candidate for Outside Director
Pursuant to Article 427, Paragraph 1, of the Companies Act, Messrs. Ikuo Uno, Tomofumi Akiyama, Mamoru Ozaki
and Yoshiki Sato, and the Company have an agreement to limit the liability for damages prescribed in Article 423,
Paragraph 1, of said Act. The maximum amount of liability pursuant to the agreement is the amount stipulated by law.
If the reelection of Messrs. Uno, Akiyama, Ozaki and Sato is approved, the Company will continue said agreementwith them.
If the election of Mr. Tsutomu Nagaoka and Ms. Keiko Ohara is approved, the Company will have an agreement withthem to limit the liability for damages to the maximum amount stipulated by law.

- 15 -

Proposal 3:

Election of One (1) Corporate Auditor

The term of office of Corporate Auditor Toshihisa Ashizawa will expire at the conclusion of this Annual
General Meeting of Shareholders. Accordingly, the election of one (1) Corporate Auditor is proposed.
The Board of Corporate Auditors has previously given its approval to this proposal.
The candidate is as follows:
Name(Date of birth)

Past experience, positions
and significant concurrent positions
June 1999
Director and General Manager of Yoshida Branch, The
Yamanashi Chuo Bank, Ltd.
June 2003
Managing Director and General Manager of Corporate Planning
Division, The Yamanashi Chuo Bank, Ltd.
Senior Managing Director, The Yamanashi Chuo Bank, Ltd.
Toshihisa Ashizawa June 2005
October 2006
Senior Representative Director, The Yamanashi Chuo Bank, Ltd.
(March 25, 1943)
June 2007
President, The Yamanashi Chuo Bank, Ltd.
June 2011
Corporate Auditor of the Company (to present)
To be reappointed
June 2011
Chairman, The Yamanashi Chuo Bank, Ltd.
OutsideJune 2017
Advisor, The Yamanashi Chuo Bank, Ltd. (to present)
Independent[Significant concurrent positions]
・Advisor, The Yamanashi Chuo Bank, Ltd.
Number of theCompany’s shares
held: 0Reasons for selecting the candidate for Outside Corporate Auditor
Toshihisa Ashizawa serves as Advisor of The Yamanashi Chuo Bank, Ltd.
Attendance at theand has professional knowledge and abundant management experience. We
Board of Directors’
believe that he will provide guidance and audit from an objective and neutral
meetings: 9/9
standpoint, and therefore he is judged as qualified to be nominated again for
Outside Corporate Auditor.
Attendance at theBoard of Corporate
Special notes regarding the candidate for Outside Corporate Auditor
Auditor s’ meetings:
Toshihisa Ashizawa satisfies the criteria for independent auditors as set forth
10/10
by the regulations of the Tokyo Stock Exchange, and the Company hasregistered him with the Exchange as an independent auditor. If his election isapproved as originally proposed, the Company continues to register him as anindependent auditor.
Notes:
1.
2.
3.

Mr. Toshihisa Ashizawa is a candidate for Outside Corporate Auditor as stipulated in Article 2, Paragraph 3, Item 8, of
the Ordinance for Enforcement of the Companies Act.
Matters concerning the candidate for Outside Corporate Auditor:
As of June 2019, Mr. Toshihisa Ashizawa will have been in the position for eight years.
An agreement of limitation of liability with the candidate for Outside Corporate Auditor
Pursuant to Article 427, Paragraph 1, of the Companies Act, Mr. Toshihisa Ashizawa and the Company have anagreement to limit the liability for damages prescribed in Article 423, Paragraph 1, of said Act. The maximum amountof liability pursuant to the agreement is the amount stipulated by law.
If the reelection of Mr. Ashizawa is approved, the Company will continue said agreement with him.

- 16 -

Proposal 4:

Revision of the Amount of Remuneration for Corporate Auditors

At the 106th Annual General Meeting of Shareholders held on June 27, 2007, the amount of remuneration
for Corporate Auditors of the Company was approved to be within 50,000 thousand yen per year. In light ofthe changes in economic trends and business environment since then, and other circumstances, and for the
purpose of further enhancing corporate governance and strengthening the audit systems, the Company
proposes to revise the amount of remuneration for Corporate Auditors to a maximum of 100,000 thousand
yen per year.
Currently, the number of Corporate Auditors is four, and if the Proposal 3 is approved as originallyproposed, the number of Corporate Auditors will remain four.

End- 17 -