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 28, 2021
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 120TH 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 120th Annual General Meeting of Shareholders of FUJI KYUKO CO., LTD.
(the “Company”) will be held for the purposes described below.
In lieu of attending the meeting in person, you may 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
your voting rights after reading “Guidance for the Exercise of Voting Rights” on page 3. Your vote must be
received by 6 p.m. on Thursday, June 17, 2021, Japan time.
1. Date and Time:
2. Place:

Friday, June 18, 2021, at 10 a.m. Japan time
(The reception desk opens at 9:00 a.m.)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
120th Fiscal Year (April 1, 2020‒March 31, 2021) 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 120th Fiscal Year
(April 1, 2020‒March 31, 2021)
Proposals to be resolved:
Appropriation of Surplus
Proposal 1:
Election of Thirteen (13) Directors
Proposal 2:
Election of One (1) Substitute 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 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.


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 by attending the meeting, we 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 will 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.

We ask for your cooperation with body temperature measurements and hand disinfection at the reception.

Please note that we will deny entry of shareholders with body temperature higher than a set standard to themeeting venue.
3. Others
We will not have an informal gathering for shareholders.

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: Friday, June 18, 2021, 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 Thursday, June 17, 2021, at 6 p.m. Japan time
3. Exercising voting rights via the Internet, etc.
(1) Scanning QR Code (via a smartphone)
Exercise deadline: Thursday, June 17, 2021, 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: Thursday, June 17, 2021, 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 ¥6 per share for the fiscal year ended March 31,
2021, while conforming to the basic policy of maintaining stable dividends and comprehensively taking
into account the business results and financial position 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¥6 per share of the Company’s common stock
Total amount: ¥320,306,040

3)Effective date of distribution of surplus
June 21, 2021

-4-

Proposal 2:

Election of Thirteen (13) Directors

The terms of office of all thirteen (13) Directors will expire at the conclusion of this Annual General
Meeting of 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
Tomofumi Akiyama
Mamoru Ozaki
Yoshiki Sato
Tsutomu Nagaoka
Keiko Ohara
Hiroshi Shimizu
Kaoru Suzuki
Minao Aikawa
Hiroki Noda
Yoshiyuki Yamada
Atsushi Uehara

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

OutsideIndependent

OutsideIndependent

OutsideIndependent

OutsideIndependent

OutsideIndependent

OutsideIndependent

President andRepresentative
Director
Managing Director
Outside Director
Outside Director
Outside Director
Outside Director
Outside Director
Director
Director
Director
Director
Director

Attendance at
the Board of
Directors’
meetings

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

(Note) Attendance at the Board of Directors’ meetings for Messrs. Hiroki Noda and Yoshiyuki Yamada and Atsushi Uehara is
only for the Board of Directors’ meetings held after their election on June 17, 2020.
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: 470,846
・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

2

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

Number of theCompany’s shares
held: 4,220

June 2018
June 2018

Attendance at theBoard of Directors’
meetings: 9/9

June 2019
June 2019
June 2019

June 2020

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
General Manager, Audit Section, General Manager, General
Affairs 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 Audit Section and General Manager of General Affairs 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.

-7-

No.

Name
(Date of birth)

Past experience, positions, responsibilities
and significant concurrent positions
Tomofumi Akiyama July 1984
Director, Fukoku Mutual Life Insurance Company
March 1989
Managing Director, Fukoku Mutual Life Insurance Company(August 13, 1935)
July 1998
President and Representative Director, Fukoku Mutual Life
Insurance Company
To be reappointed
June 1999
Director of the Company (to present)
OutsideJuly 2010
Chairman of the Board, Fukoku Mutual Life Insurance Company
Independent
July 2019
Executive Advisor, Fukoku Mutual Life Insurance Company (topresent)
Number of theCompany’s shares [Significant concurrent positions]・Executive Advisor, Fukoku Mutual Life Insurance Company
held: 0・Outside Director, Imperial Hotel, Ltd.
Attendance at theBoard of Directors’
meetings: 8/9

3
Reasons for selecting the candidate for Outside Director and expected roles
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 isjudged 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.

-8-

No.

4

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: 8/9
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 and expected roles
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.

-9-

No.

5

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: 9/9
・Outside Corporate Auditor, ADEKA CORPORATION
・Outside Auditor, Nippon Light Metal Holdings Company, Ltd.
Reasons for selecting the candidate for Outside Director and expected roles
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.

- 10 -

No.

6

Name
(Date of birth)

Past experience, positions, responsibilities
and significant concurrent positions
Tsutomu Nagaoka April 2007
Executive Officer, TOKYO DOME CORPORATIONManaging Executive Officer, TOKYO DOME CORPORATION(November 23, 1955) April 2009
April 2012Managing Director and Executive Officer, TOKYO DOMECORPORATION
To be reappointed
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 theJune 2019
Director of the Company (to present)
Company’s shares[Significant concurrent positions]
held: 0・Representative Director, President and COO, TOKYO DOME CORPORATION
Attendance at the ・Outside Director, TOKYOTOKEIBA Co., Ltd.
Board of Directors’
meetings: 8/9
Reasons for selecting the candidate for Outside Director and expected roles
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.

- 11 -

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: 9/9

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

7
Reasons for selecting the candidate for Outside Director and expected roles
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.

- 12 -

No.

Name(Date of birth)

Past experience, positions, responsibilities
and significant concurrent positions
March 2009
Executive Officer, Nippon Life Insurance Company
March 2012Managing Executive Officer, Nippon Life Insurance Company
Hiroshi Shimizu
July 2013
Director and Managing Executive Officer, Nippon Life
(January 30, 1961)
Insurance Company
July 2014
Managing Executive Officer, Nippon Life Insurance Company
Newly appointed
March 2016
Senior Managing Executive Officer, Nippon Life Insurance
OutsideCompany
Independent
July 2016
Director and Senior Managing Executive Officer, Nippon Life
Insurance Company
Number of theApril 2018
President, Nippon Life Insurance Company (to present)
Company’s shares[Significant concurrent positions]
held: 0・President, Nippon Life Insurance Company

8
Reasons for selecting the candidate for Outside Director and expected roles
Hiroshi Shimizu has considerable experience in corporate management as is seen by the fact that heis currently assigned as President of Nippon Life Insurance Company. We believe that he will utilize
his highly professional experience in corporate 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 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
Hiroshi Shimizu satisfies the criteria for independent directors as set forth by the regulations of theTokyo Stock Exchange. If his election is approved as originally proposed, the Company intends toregister him as an independent director.

- 13 -

No.

Name(Date of birth)
February 1984
January 1999
Kaoru Suzuki(September 13, 1958) August 20089

To be reappointed

February 2010

Number of theCompany’s shares
held: 5,300

June 2012
June 2014
June 2014

Attendance at theBoard of Directors’
meetings: 9/9

December 2014
June 2015
June 2020

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
General Manager, Publicity 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: 4,200

10

Past experience, positions, responsibilities
and significant concurrent positions
March 1984
Joined the Company
August 2011
General Manager, Management & Administration Div. of theCompany
September 2013 Temporarily seconded to FJ Co., Ltd.
June 2018
Executive Officer of the Company (to present)
June 2018
General Manager, Management & Administration Div. of theCompany (to present)
June 2019
Director of the Company (to present)

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

April 2008

To be reappointed
July 2010
Number of theCompany’s shares
held: 0July 2013
October 201311

Attendance at theBoard of Directors’
meetings: 7/7

April 2015
April 2018
April 2020
June 2020
June 2020
June 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
Director of the Company (to present)
Executive Officer of the Company (to present)
General Manager, President Office and in charge of Marketing
Div. of the Company (to present)

Reasons for selecting the candidate for Director
Hiroki Noda currently serves as General Manager, President Office of the Company and has
accumulated considerable experience through years of work at financial institutions. 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.

- 16 -

No.

Name(Date of birth)
Yoshiyuki Yamada(October 21, 1962)
To be reappointed
Number of theCompany’s shares
held: 3,100

12Attendance at theBoard of Directors’
meetings: 7/7

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)
June 2020
Director 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 a Directorof the Company in the discussions at meetings of the Board of Directors. These achievements makehim judged as qualified to be nominated again for Director.

- 17 -

No.

Name(Date of birth)

Atsushi Uehara(April 5, 1963)

March 1986
April 2011
June 2012
June 2012
June 2014

To be reappointed
June 2014
Number of theCompany’s shares
held: 4,300
13

Attendance at theBoard of Directors’
meetings: 7/7

June 2017
June 2017
February 2018
February 2018
April 2018
June 2020
June 2020

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
Director of the Company (to present)
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 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.
Notes:
1.

2.
3.
4.
5.

6.

7.

8.

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.
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, realestate rental and lending of funds.
The Company has a business relationship with Nippon Life Insurance Company relating to the borrowing of funds.
Messrs. Tomofumi Akiyama, Mamoru Ozaki, Yoshiki Sato, Tsutomu Nagaoka, and Hiroshi Shimizu and Ms. Keiko
Ohara are candidates for Outside Director as stipulated in Article 2, Paragraph 3, Item 7, of the Ordinance for
Enforcement of the Companies Act.
Number of years in office of candidates as Outside Directors:
As of June 2021, Messrs. Tomofumi Akiyama, Mamoru Ozaki and Yoshiki Sato and Tsutomu Nagaoka, and Ms. Keiko
Ohara will have been in the position for 22 years, 18 years, six years, two years and two years, respectively.
Pursuant to Article 427, Paragraph 1, of the Companies Act, Messrs. Tomofumi Akiyama, Mamoru Ozaki, Yoshiki Satoand Tsutomu Nagaoka, and Ms. Keiko Ohara, and the Company have an agreement to limit the liability for damagesprescribed in Article 423, Paragraph 1, of said Act. The maximum amount of liability pursuant to the agreement is theamount stipulated by law. If the reelection of Messrs. Akiyama, Ozaki, Sato and Nagaoka, and Ms. Ohara is approved,
the Company will continue said agreement with them. If the election of Mr. Hiroshi Shimizu is approved, the Company
will have an agreement with him to limit the liability for damages to the minimum amount stipulated by law.
The Company has a directors and officers liability insurance agreement that insures all Directors. The said agreement
covers damages that may arise from the insured Directors assuming liability in connection with the execution of theirduties or receiving claims pertaining to the pursuit of such liability. If the election of each candidate is approved, they
will be insured under said agreement. The Company intends to renew said agreement in June 2021.

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Proposal 3:

Election of One (1) Substitute Corporate Auditor

The term of office of Corporate Auditor Kazuya Okamoto will expire at the conclusion of this Annual
General Meeting of Shareholders. Accordingly, the election of one (1) Substitute Corporate Auditor is
proposed to prepare for cases where the number of Corporate Auditors falls below the number stipulated bylaws and regulations.
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
April 1995
Registered as a lawyer (Dai-Ichi Tokyo Bar Association)
April 2004
Civil Conciliation Commissioner, Tokyo Summary Court (topresent)
November 2013 Special Committee Member, Dispute Reconciliation Committee
for Nuclear Damage Compensation, Ministry of Education,
Culture, Sports, Science and Technology (to present)
April 2014
Vice-President, Dai-Ichi Tokyo Bar Association
May 2020
Established Ginza Imperial Law Office (Partner) (to present)
March 2021
Delegate, Japan Federation of Bar Associations (to present)
Kikuji Sakurai(September 18, 1956) [Significant concurrent positions]
・Partner, Ginza Imperial Law OfficeOutsideIndependent
Reasons for selecting the candidate for Substitute Corporate Auditor
Kikuji Sakurai has specialized, highly professional knowledge andNumber of theabundant experience as a lawyer. We believe that he will provide guidanceCompany’s shares
and audit from an objective and neutral standpoint by utilizing his knowledge
held: 0and experience, and therefore he is judged as qualified to be newly nominatedfor Substitute Outside Corporate Auditor.
Special notes regarding the candidate for Substitute Corporate Auditor
Kikuji Sakurai satisfies the criteria for independent auditors as set forth by theregulations of the Tokyo Stock Exchange, and the Company intends to register
him with the Exchange as an independent auditor if he assumes office ofCorporate Auditor.
Notes:
1.
2.

3.

Mr. Kikuji Sakurai is a candidate for Substitute Corporate Auditor.
If Mr. Kikuji Sakurai assumes the office of Corporate Auditor, pursuant to Article 427, Paragraph 1, of the Companies
Act, the Company 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.
The Company has a directors and officers liability insurance agreement that insures all Outside Corporate Auditors. The
said agreement covers damages that may arise from the insured Corporate Auditors assuming liability in connection withthe execution of their duties or receiving claims pertaining to the pursuit of such liability. If Mr. Kikuji Sakurai assumes
the office of Corporate Auditor, he will be insured under said agreement. The Company intends to renew said agreementin June 2021.

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