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. The Company assumes no responsibility for this translation or for direct, indirect or any otherforms of damages arising from the translation.
(Stock Exchange Code 9010)
May 29, 2020
To Shareholders with Voting Rights:
Koichiro Horiuchi
President and Representative Director
FUJI KYUKO CO., LTD.
2-1, Shin-nishihara 5-chome, Fujiyoshidashi, Yamanashi

NOTICE OF
THE 119TH ANNUAL GENERAL MEETING OF SHAREHOLDERS
Dear Shareholders:
We would like to express our appreciation for your continued support and patronage.
We cordially announce that the 119th Annual General Meeting of Shareholders of FUJI KYUKO CO., LTD.
(the “Company”) will be held for the purposes described below.
If you are not attending 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 Tuesday, June 16, 2020, Japan time.
1. Date and Time:

Wednesday, June 17, 2020, 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
119th Fiscal Year (April 1, 2019‒March 31, 2020) and results of audits by the
Accounting Auditor and the Board of Corporate Auditors of the Consolidated
Financial Statements
2. Non-consolidated Financial Statements for the Company’s 119th Fiscal Year
(April 1, 2019‒March 31, 2020)
Proposals to be resolved:
Appropriation of Surplus
Proposal 1:
Election of Thirteen (13) Directors
Proposal 2:
Election of One (1) Corporate Auditor
Proposal 3:
4. Matters concerning the exercise of voting rights:(1) If you have exercised your voting rights both by sending the Voting Rights Exercis 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.


Please note that, in order to prevent the spread of the novel coronavirus (COVID-19), we will not havean informal gathering for shareholders, which was held after the shareholders’ meeting every year.
Please see below for our measures against COVID-19.

Measures against the novel coronavirus (COVID-19)
1. Requests to shareholders
In order to reduce the risk of spreading COVID-19, we request that you consider refraining from attending
this year’s Annual General Meeting of Shareholders and recommend that you exercise your voting rights
by mail or via the Internet, etc.

In particular, shareholders who are believed to be more vulnerable to COVID-19 such as elderly persons,those with underlying medical conditions and pregnant women are requested to make a careful judgment.
2. Requests to shareholders intending to attend the meeting
The Company’s officers and operating staff may wear masks. We appreciate your understanding.

Please check your health condition on the day of the meeting and take infection prevention measures
including wearing a mask.

Alcohol disinfectant and thermometers will be available near the reception. We ask for your cooperationin body temperature measurement and disinfection.

Please note that we will deny entry of shareholders with body temperature higher than a set standard to themeeting venue.
3. Others
Please note that we will not have an informal gathering for shareholders, which was held after theshareholders’ meeting every year.
Any change made to matters related to the meeting will be announced on the Company’s website.
https://www.fujikyu.co.jp/soumu/investors/meeting.html-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: Wednesday, June 17, 2020, 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 Tuesday, June 16, 2020, at 6 p.m. Japan time
3. Exercising voting rights via the Internet, etc.
(1) Scanning QR Code (via a smartphone)
Exercise deadline: Tuesday, June 16, 2020, 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: Tuesday, June 16, 2020, 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 ¥15 per share for the fiscal year ended March 31,
2020, 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¥15 per share of the Company’s common stock
Total amount: ¥800,772,240

3)Effective date of distribution of surplus
June 18, 2020

-4-

Proposal 2:

Election of Thirteen (13) Directors

The terms of office of all twelve (12) Directors will expire at the conclusion of this Annual General Meetingof Shareholders. Accordingly, the election of thirteen (13) Directors is proposed.
The candidates are as follows:[Reference] List of candidates
No.

Current positions at
the Company

Name

1

Reappointed

Koichiro Horiuchi

2
3
4
5
6
7
8
9
10
11
12
13

Reappointed

Masanori Hirose
Ikuo Uno
Tomofumi Akiyama
Mamoru Ozaki
Yoshiki Sato
Tsutomu Nagaoka
Keiko Ohara
Kaoru Suzuki
Minao Aikawa
Hiroki Noda
Yoshiyuki Yamada
Atsushi Uehara

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

OutsideIndependent

OutsideIndependent

OutsideIndependent

OutsideIndependent

OutsideIndependent

OutsideIndependent

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

Attendance at
the Board of
Directors’
meetings

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

(Note) Number of attendance at the Board of Directors’ meetings for Messrs. Tsutomu Nagaoka and Minao Aikawa and Ms.
Keiko Ohara is only for the Board of Directors’ meetings held after their election on June 20, 2019.
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
Joined the Company
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: 472,346
・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.
・Chairman and Representative Director, Pica Corporation
Reasons for selecting the candidate for Director
As President of the Company, Koichiro Horiuchi has long engaged in the overall management of theCompany, 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.

Name
(Date of birth)

Masanori Hirose(March 7, 1958)
To be reappointed
Number of theCompany’s shares
held: 4,120

2

Attendance at theBoard of Directors’
meetings: 9/9

March 1981
August 2010
June 2012
June 2012
June 2013
June 2014
June 2015
June 2015
June 2018
June 2018
June 2019
June 2019
June 2019

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., Ltd.
Executive Officer of the Company
General Manager, Audit Section and General Manager, General
Affairs Div. of the Company
Director of the Company
General Manager, General Affairs Div. and General Manager,
Human Resources Div. of the Company
Managing Director of the Company (to present)
Managing Executive Officer of the Company (to present)
General Manager, Audit Section, General Manager, General
Affairs Div. and General Manager, Human Resources Div. of theCompany (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 Audit Section, General Manager of General Affairs Div. and General Manager
of Human Resources Div., and taken 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 nominatedagain for Director.

-7-

No.

Name
(Date of birth)Ikuo Uno(January 4, 1935)
To be reappointed
OutsideIndependent

July 1986
March 1989
March 1992
March 1994
April 1997
June 1998
April 2005
April 2011
July 2011

Number of theCompany’s shares
held: 03

July 2015

Past experience, positions, responsibilities
and significant concurrent positions
Director, Nippon Life Insurance Company
Managing Director, Nippon Life Insurance Company
Senior Managing Director, Nippon Life Insurance Company
Vice President, Nippon Life Insurance Company
President, Nippon Life Insurance Company
Director of the Company (to present)
Chairman, Nippon Life Insurance Company
Director and Executive Advisor of the Board, Nippon Life
Insurance Company
Executive Advisor of the Board, Nippon Life Insurance
Company
Assumed the office of Executive Advisor, Nippon Life Insurance
Company (to present)[Significant concurrent positions]
Attendance at theBoard of Directors’ ・Honorary Advisor, Nippon Life Insurance Company
・Outside Auditor, Odakyu Electric Railway Co., Ltd.
meetings: 9/9
・External Audit & Supervisory Board member (Audit & Supervisory Board
Member), Tohoku Electric Power Co., Inc. (scheduled to resign from the positionin June 2020)
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 theCompany’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
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
July 2019
Executive Advisor, Fukoku Mutual Life Insurance Company (toNumber of thepresent)
Company’s shares [Significant concurrent positions]
held: 0・Executive Advisor, Fukoku Mutual Life Insurance Company
・Outside Director, Imperial Hotel, Ltd.
Attendance at the ・External Director, TOKYO DOME CORPORATION
Board of Directors’
meetings: 9/9

4
Reasons for selecting the candidate for Outside Director
Tomofumi Akiyama has considerable experience in corporate management as is seen by the factthat he is currently assigned as Executive Advisor of Fukoku Mutual Life Insurance Company. We
believe that he will utilize his highly professional experience in corporate management toprovide 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
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 an independent
director. If his election is approved as originally proposed, the Company continues to register 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
July 1980
Secretary to the Prime Minister
Mamoru Ozaki
June 1983
Director of Administration and Legal Division, Minister’s(May 20, 1935)
Secretariat, Ministry of Finance
June 1984
Director-General of Kinki Local Finance Bureau, Ministry of
To be reappointed
Finance
OutsideDecember 1988 Director-General of Tax Bureau, Ministry of FinanceIndependent
June 1991
Commissioner, National Tax Agency
June 1992
Administrative Vice Minister, Ministry of Finance (resigned
Number of thefrom the position in June 1993)
Company’s shares
May 1994
Governor & CEO, People’s Finance Corporation (currently
held: 0Japan Finance Corporation)
October 1999
Governor & CEO, National Life Finance Corporation (currently
Attendance at theJapan Finance Corporation) (resigned from the position in
Board of Directors’
January 2003)
meetings: 9/9
February 2003
Executive Advisor, Yazaki Corporation (resigned from theposition in February 2018)
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 froman objective standpoint independent from the Company’s officers responsible for businessexecution, 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 from February
2003 to February 2018, however, there is no trading relationship between said company and theCompany.

- 10 -

No.

6

Name
(Date of birth)

Past experience, positions, responsibilities
and significant concurrent positions
April 2003
Executive Officer, Asahi Mutual Life Insurance Company
April 2004
Managing Executive Officer, Asahi Mutual Life Insurance
Yoshiki Sato
Company(December 5, 1949) July 2004
Director and Managing Executive Officer, Asahi Mutual Life
Insurance Company
To be reappointed
July 2008
Representative Director and President, Asahi Mutual Life
OutsideInsurance Company
Independent
June 2015
Director of the Company (to present)
April 2017
Representative Director and Chairman, Asahi Mutual Life
Number of the
Insurance Company
Company’s shares
April 2019
Director and Chairman, Asahi Mutual Life Insurance Company
held: 0(to present)[Significant concurrent positions]
Attendance at the ・Director and Chairman, Asahi Mutual Life Insurance Company
Board of Directors’ ・Outside Corporate Auditor, ADEKA CORPORATION
meetings: 8/9
・Outside Auditor, FUJI ELECTRIC CO., LTD. (scheduled to resign from theposition in June 2020)
・Outside Auditor, Nippon Light Metal Holdings Company, Ltd. (scheduled toassume the office in June 2020)
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 fromthe Company’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
Yoshiki Sato 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.

- 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 reappointed
CORPORATION
OutsideApril 2014
Senior Managing Director and Executive Officer, TOKYO
Independent
DOME CORPORATION
April 2016
Representative Director, President and COO, TOKYO DOME
Number of the
CORPORATION (to present)
Company’s shares
June 2019
Director of the Company (to present)
held: 0[Significant concurrent positions]・Representative Director, President and COO, TOKYO DOME CORPORATION
Attendance at the ・Outside Director, TOKYOTOKEIBA Co., Ltd.
Board of Directors’
meetings: 7/7
Reasons 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 hishighly 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 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.

- 12 -

No.

Name(Date of birth)
Keiko Ohara(October 18, 1959)
To be reappointed
OutsideIndependent
Number of theCompany’s shares
held: 0Attendance at theBoard of Directors’
meetings: 7/7

8

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
Law Firm)
September 1992 Joined New York Office of Weil, Gotshal & Manges LLP.
August 1993
Registered as a lawyer (State of New York)
October 1993
Returned to Komatsu & Koma Law Firm
February 2000
Founding Partner, Kamiyacho International Law Office (topresent)
March 2017
Auditor, Save the Children Japan (to present)
June 2019
Director of the Company (to present)[Significant concurrent positions]
・Partner, Kamiyacho International Law Office・Director, Member of the board (Independent), Financial Products Group Co., Ltd.
・External Audit & Supervisory Board Member, TAISEI CORPORATION(scheduled to assume the office in June 2020)

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 the Tokyo
Stock Exchange, and the Company has registered her with the Exchange as an independent director.
If her election is approved as originally proposed, the Company continues to register her as anindependent director.

- 13 -

No.

Name(Date of birth)
February 1984
Kaoru Suzuki
January 1999
(September 13, 1958)
August 2008
To be reappointed
Number of theCompany’s shares
held: 5,200

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

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

Past experience, positions, responsibilities
and significant concurrent positions
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 planning andpublicity divisions of the Company and by serving as General Manager of Publicity Div. 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.

- 14 -

No.

Name(Date of birth)
Minao Aikawa(February 9, 1962)
To be reappointed
Number of theCompany’s shares
held: 4,100

10

Past experience, positions, responsibilities
and significant concurrent positions
March 1984
Joined the Company
August 2011
General Manager, Management & Administration Div.
September 2013 Temporarily seconded to FJ Co., Ltd.
June 2018
Executive Officer of the Company (to present)
June 2018
General Manager, Management & Administration Div. (topresent)
June 2019
Director of the Company (to present)[Significant concurrent positions]
・President and Representative Director, Fujikyu Accounting Service Co., Ltd.

Attendance at theBoard of Directors’
meetings: 7/7
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 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.

- 15 -

No.

Name(Date of birth)
April 1990
July 2005

April 2007
Hiroki Noda
(March 28, 1967)
Newly appointed

11

Number of theCompany’s shares
held: 0April 2008

July 2010
July 2013
October 2013
April 2015
April 2018
April 2020
April 2020

Past experience, positions, responsibilities
and significant concurrent positions
Joined the Industrial Bank of Japan (currently Mizuho Financial
Group, Inc.)
Associate Director-General, Planning Promotion Department
No.1, Mizuho Corporate Bank, Ltd. (currently Mizuho Bank,
Ltd.)
Senior Assistant Manager, Corporate Banking Department
No.14, Mizuho Corporate Bank, Ltd. (currently Mizuho Bank,
Ltd.)
Chief Relationships Manager, Corporate Banking Department
No.6, Mizuho Corporate Bank, Ltd. (currently Mizuho Bank,
Ltd.)
Senior Credit Officer, Corporate Credit Department, Mizuho
Corporate Bank, Ltd. (currently Mizuho Bank, Ltd.)
Credit Assessor, Corporate Credit Department No.1, Mizuho
Bank, Ltd.
Deputy General Manager, Large Enterprise Operation
Department, Mizuho Bank, Ltd.
General Manager, Corporate Banking Department No.1, Mizuho
Bank, Ltd.
General Manager, Fukuoka Corporate Banking Department,
Mizuho Bank, Ltd.
Joined the Company
Advisor of the Company (to present)

Reasons for selecting the candidate for Director
Hiroki Noda spent many years at financial institutions, accumulating considerable experience before
joining the Company. After joining the Company, as Advisor of the Company, he has actively
contributed to discussions at meetings of the Board of Executive Officers. These achievements makehim judged as qualified to be newly nominated for Director.

- 16 -

No.

Name(Date of birth)
Yoshiyuki Yamada(October 21, 1962)
Newly appointed

12

Number of theCompany’s shares
held: 3,000

Past experience, positions, responsibilities
and significant concurrent positions
April 1989
Joined Fujikyu Corporation (currently FJ Co., Ltd.)
February 2000
Joined the Company
August 2011
Manager, Planning Div. and Manager, Sales Promotion Sectionof the Company
November 2013 Manager, Group Business Div. of the Company
December 2014 Manager, Planning Div. of the Company
June 2015
Executive Officer of the Company (to present)
June 2015
General Manager, Planning Div. of the Company (to present)

Reasons for selecting the candidate for Director
Yoshiyuki Yamada has accumulated considerable experience by having long engaged in the planning
division, as well as serving as General Manager of Planning Div., and taken an active role as an
Executive Officer of the Company in the discussions at meetings of the Board of Executive Officers.
These achievements make him judged as qualified to be newly nominated for Director.

- 17 -

No.

Name(Date of birth)
March 1986
April 2011
June 2012
June 201213

Atsushi Uehara(April 5, 1963)

June 2014

Newly appointed

June 2014

Number of theCompany’s shares
held: 4,200

June 2017
June 2017
February 2018
February 2018
April 2018

Past experience, positions, responsibilities
and significant concurrent positions
Joined the Company
Manager, Transportation Business Div. of the Company
President and Representative Director, Fuji Express Co., Ltd.
President and Representative Director, Fujikyuko Kanko Co.,Ltd.
President and Representative Director, Gakunan Railway Co.,Ltd.
President and Representative Director, Gakunan Electric Train
Co., Ltd.
Executive Officer of the Company (to present)
Manager, Transportation Business Div. of the Company
President and Representative Director, Fujikyu Yamanashi Bus
Co., Ltd. (currently Fujikyu Bus Inc.)
President and Representative Director, Fujikyu Auto Service
Co., Ltd.
Manager, Operations Div. of the Company (to present)

Reasons for selecting the candidate for Director
Atsushi Uehara has accumulated considerable experience by having long engaged in the transportation
division and management of the group companies, as well as serving as Manager of Operations Div.,and taken an active role as an Executive Officer of the Company in the discussions at meetings of theBoard of Executive Officers. These achievements make him judged as qualified to be newly nominatedfor 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 a business
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 2020, Messrs. Ikuo Uno, Tomofumi Akiyama, Mamoru Ozaki and Yoshiki Sato and Tsutomu Nagaoka, and
Ms. Keiko Ohara will have been in the position for 22 years, 21 years, 17 years, five years, one year and one year,
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,
Yoshiki Sato and Tsutomu Nagaoka, and Ms. Keiko Ohara, and the Company have an agreement to limit the liability fordamages 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, Sato and Nagaoka, and Ms. Ohara is approved, the Company willcontinue said agreement with them.

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Proposal 3:

Election of One (1) Corporate Auditor

The term of office of Corporate Auditor Tsutomu Hotta 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)

Eiichiro Suhara(July 19, 1948)
Newly appointed
OutsideIndependent
Number of theCompany’s shares
held: 0

Past experience, positions
and significant concurrent positions
March 1980
Director, Mitsubishi Pencil Co., Ltd.
March 1982
Managing Director, Mitsubishi Pencil Co., Ltd.
March 1985
Director, Vice President, Mitsubishi Pencil Co., Ltd.
March 1987
Representative Director, President, Mitsubishi Pencil Co., Ltd.
March 2019
Representative Director, Chairman and President, Mitsubishi
Pencil Co., Ltd.
March 2020
Representative Director, Chairman, Mitsubishi Pencil Co., Ltd.
(to present)[Significant concurrent positions]・Representative Director, Chairman, Mitsubishi Pencil Co., Ltd.
Reasons for selecting the candidate for Outside Corporate Auditor
Eiichiro Suhara serves as Representative Director, Chairman of Mitsubishi
Pencil Co., Ltd. and has abundant experience in corporate management. We
believe that he will provide guidance and audit from an objective and neutral
standpoint by utilizing his professional experience in management, andtherefore he is judged as qualified to be newly nominated for Outside
Corporate Auditor.
Special notes regarding the candidate for Outside Corporate Auditor
Eiichiro Suhara satisfies the criteria for independent auditors as set forth by
the regulations of the Tokyo Stock Exchange, and the Company intends toregister him with the Exchange as an independent auditor if his election isapproved as originally proposed.

Notes:
1.
2.

Mr. Eiichiro Suhara is a candidate for Outside Corporate Auditor as stipulated in Article 2, Paragraph 3, Item 8, of theOrdinance for Enforcement of the Companies Act.
An agreement of limitation of liability with the candidate for Outside Corporate Auditor
If the election of Mr. Eiichiro Suhara is approved, pursuant to Article 427, Paragraph 1, of the Companies Act, theCompany will have an agreement with him 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.

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