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

Securities code: 6941
June 10, 2020
To our shareholders:
Yoshitaka Ota
President
YAMAICHI ELECTRONICS CO., LTD.
2-16-2, Minamikamata, Ota-ku, Tokyo, JAPANNOTICE OF THE 65TH ORDINARY GENERAL MEETING OF SHAREHOLDERS
We are pleased to inform you of the 65th Ordinary General Meeting of Shareholders of YAMAICHIELECTRONICS CO., LTD. (the “Company”), which will be held as described below.
If you are unable to attend the meeting, you can exercise your voting rights by mail or via the Internet. We requestthat you follow the instructions laid out below and exercise your voting rights on or before 5:15 p.m. on Wednesday,June 24, 2020 (JST) after considering the following Reference Documents for the General Meeting of Shareholders.
1. Date and Time: Thursday, June 25, 2020 at 1:00 p.m. (JST)
2. Venue:
Sakura Factory, YAMAICHI ELECTRONICS CO., LTD.
1-4-1 Osaku, Sakura-shi, Chiba, JAPAN3. Purposes:
Items to be reported:
1. Business Report and Consolidated Financial Statements for the 65th Term (from April 1, 2019 to March 31,2020), as well as the results of audit of the Consolidated Financial Statements by the Accounting Auditor
and the Audit & Supervisory Board
2. Non-Consolidated Financial Statements for the 65th Term (from April 1, 2019 to March 31, 2020)
Items to be resolved:
Proposal 1:
Appropriation of surplus
Proposal 2:
Election of eight (8) Directors
Proposal 3:
Election of one (1) Audit & Supervisory Board Member
Proposal 4:
Election of one (1) substitute Audit & Supervisory Board Member
4. Instructions on Exercising Voting Rights
5. Disclosures on the Internet
Of the documents that should be provided alongside this Notice of Convocation, based on the provisions of laws
and regulations and Article 15 of the Articles of Incorporation of the Company, the following matters are postedon the Company’s website (URL: http://www.yamaichi.co.jp), and therefore have not been included in the
documents provided with this Notice of Convocation. Therefore, the documents provided with this notice are
only some of the documents that have been audited by the Audit & Supervisory Board Members or theaccounting auditors when preparing the audit report.
1. Notes to Consolidated Financial Statements
2. Notes to Non-Consolidated Financial Statements-1-

<Requests to Shareholders>
As we cannot use the same facilities to hold the meeting as in previous years due to the impact of the novel
coronavirus disease (COVID-19), we will be holding it at the Company’s Sakura Factory this year. Please be
careful as the venue and time of the meeting, starting at 1:00 p.m., differ from previous years.
We have canceled the Management Report Meeting, which is normally held after the conclusion of the General
Meeting of Shareholders. However, we are considering holding a separate explanatory meeting for shareholders
after COVID-19 settles down.
We ask that you refrain from attending the General Meeting of Shareholders to the best of your ability this year
as the possibility of being infected with COVID-19 still exists.
This meeting will be livestreamed over the Internet as stated on page 4.
As the time for the meeting will be shortened due to the impact of COVID-19, please review the items to bereported (including the audit report) and the details of the proposals in this Notice of Convocation.
If there are any changes to the details of the meeting, etc. going forward due to COVID-19, etc. by the General
Meeting of Shareholders, we will post the latest information on the Company’s website.
(http://www.yamaichi.co.jp)-2-

<If you wish to attend on the day of the meeting>
The venue for this meeting differs from previous years.
We will significantly reduce the number of seats compared with previous years to make more space between
seats at the meeting venue.
We will be using a pre-registration system for attendance at this meeting, and shareholders who have registered
will be allowed to enter the venue with priority.
For shareholders who plan on attending on the day of the meeting, if you access the pre-registration URL in (i)below, you will be directed to the shareholder authentication page.
Upon inputting your ID from (ii) and password from (iii) below after being directed to the shareholder
authentication page and authenticating that you are a shareholder, please pre-register by inputting the required
information on the pre-registration page.
(i) Pre-registration URL(ii) ID(iii) Password

https://j6941.kabusou.com/
Shareholder number listed on the enclosed voting form
Postal code of your registered address as of March 31, 2020
(excluding hyphen, numbers only)

Please pre-register by June 22 (Monday).
We may end the reception of pre-registration depending on the number of people who apply.
We request that you come to the venue after completing the pre-registration above as the seats for shareholders
who attend on the day of the meeting will be limited, shareholders who arrive without pre-registering may not beallowed to enter the venue.

-3-Instructions for the livestream over the Internet
This meeting will be livestreamed over the Internet.
If you pre-register, you can watch this meeting from your home, so please utilize this method.
For shareholders who are going to watch this livestream over the Internet, if you access the pre-registration URL
in (i) below, you will be directed to the shareholder authentication page.
Upon inputting your ID from (ii) and password from (iii) below after being directed to the shareholder
authentication page and authenticating that you are a shareholder, please pre-register by inputting the required
information on the pre-registration page.
(i) Pre-registration URL(ii) ID(iii) Password

https://j6941.kabusou.com/
Shareholder number listed on the enclosed voting form
Postal code of your registered address as of March 31, 2020
(excluding hyphen, numbers only)

Please pre-register by June 22 (Monday).
The URL to watch the meeting will be sent to registered e-mail addresses of shareholders who have preregistered by the day before the meeting.
When you access the URL to watch the meeting, you will be directed to the page to watch the meeting upon
inputting the required information after being directed to the shareholder authentication page.
[Precautions when watching the livestream]
You may not be able to watch the livestream depending on variables such as the computer you are using or the
status of the Internet connection environment.
Shareholders watching the livestream will not be able to participate in resolutions on the day of the meeting.
Please exercise your voting rights beforehand using one of the methods listed on pages 3-5 (in Japanese only) of
this Notice of Convocation.
Please understand that shareholders watching the livestream will not be able to ask questions or bring up
motions under the Companies Act.
Please refrain from taking pictures or recording video or sound.
We strictly oppose the provision of your ID and password to third parties.
As we are taking the privacy of attending shareholders into consideration, the livestream video will only show
the Chairperson’s and officers’ seats.

-4-Reference Documents for the General Meeting of Shareholders
Proposal 1:

Appropriation of surplus

The Company’s basic policy for profit distribution is to raise corporate value in the medium to long term and tomaintain stable dividends and return profits appropriately to shareholders while also strengthening our financial
structure and business foundation.
In light of a comprehensive assessment of earnings in this fiscal year, future business trends and the financial
foundation, we propose to pay a year-end dividend for this year of 28 yen per share as follows.
Including the interim dividend of 10 yen per share, the annual dividend per share will be 38 yen per share.
Type of dividend property
Cash
Allocation of dividend property and total amount thereof
28 yen per common share of the Company
Total amount of dividends: 599,489,128 yen
Effective date of distribution of dividends of surplus
June 26, 2020

-5-

Proposal 2:

Election of eight (8) Directors

The terms of office of all eight Directors expire at the conclusion of this General Meeting of Shareholders.
Accordingly, we propose the election of eight Directors, including three Outside Directors.
The candidates for Directors are as follows:
No.

Name

Position in the Company

1

Yoshitaka Ota

President

Reelection2

Junichi Kameya

Director and Managing Executive Officer

Reelection

3

Takeshi Tsuchiya

Director and Managing Executive Officer

Reelection

4

Kazuhiro Matsuda

Director and Senior Executive Officer

Reelection

5

Nobuhiro Kishimura

Director and Senior Executive Officer

Reelection

6

Tomohiro Murata

Director

7

Yoichiro Sakuma

Director

8

Toshihisa Yoda

Reelection
New election
OutsideIndependent
Notes:

Reelection
OutsideIndependent
Reelection
OutsideIndependent
New election
OutsideIndependent

Candidate for Director to be reelected
Candidate for Director to be newly elected
Candidate for Outside Director
Independent officer as defined by the securities exchange

1. There is no special interest between each candidate and the Company.
2. Tomohiro Murata, Yoichiro Sakuma and Toshihisa Yoda are candidates for Outside Directors.
3. The Company has registered Tomohiro Murata and Yoichiro Sakuma as Independent Officers as stipulated in Article
436-2 of the Securities Listing Regulations of the Tokyo Stock Exchange, Inc. If their reelections are approved, theCompany will continue to register them as Independent Officers. In addition, if the election of Toshihisa Yoda isapproved, the Company plans to designate him as an Independent Officer and register him with aforementioned
exchange.
4. Based on the provisions in Article 427, Paragraph (1) of the Companies Act, the Company has concluded agreementswith Tomohiro Murata and Yoichiro Sakuma that limit the liability for damages specified in Article 423, Paragraph (1)of the Companies Act to the minimum amount stipulated in Article 425, Paragraph (1) of that Act. If their reelections areapproved, the Company plans to continue these agreements. If the election of Toshihisa Yoda is approved, the Company
plans to conclude this agreement with him as well.

-6-

No.

Name
(Date of birth)

Yoshitaka Ota(October 10, 1948)
Reelection

1

2

3

Tenure7 years
Attendance at Board of
Directors meetings
12/12

Career summary, position and responsibilities in the Company
May 2002
Apr. 2004
Oct. 2005
Apr. 2007
June 2008
June 2009
June 2010

Joined the Company
Senior Executive Officer and Senior General
Manager of Manufacturing Div.
Manager of Sakura Factory
General Manager of Corporate Planning Dept.
Director
Executive Vice-president, Pricon
Microelectronics, Inc.
Audit & Supervisory Board Member of theCompany (full-time)
President (present position)
In charge of Optical-related Business

Number of theCompany’s shares
owned

124,100

June 2013
May 2017
Reasons for nomination as candidate for Director
Yoshitaka Ota possesses wide-ranging knowledge and experience in the Company’s overall operations from his
experience in each division, and given his achievements as the President, we have nominated him again as a candidate
for Director.
Apr. 1987
Joined the Company
Oct. 2007
President, Yamaichi Electronics Shenzhen Co.,
Junichi Kameya
Ltd.
(June 29, 1964)
Apr. 2012
Executive Officer and Senior General Manager
Reelectionof Manufacturing Div., General Manager of
Manufacturing Control Dept. of the Company
57,200Tenure7 years
Apr. 2013
Senior General Manager of CS Business Div.
Attendance at Board of(present position)
Directors meetings
June 2013
Director (present position) and Senior
12/12
Executive Officer
June 2019
Managing Executive Officer (present position)
Reasons for nomination as candidate for Director
Junichi Kameya possesses extensive knowledge and experience in the Company’s operations, particularly in the sales
division and the manufacturing division, and also has experience in corporate management at subsidiaries. Given hisachievements as Director, we have nominated him again as a candidate for Director.
Apr. 1984
Joined the Company
Feb. 2004
Executive Officer of the Company
Apr. 2006
President, Yamaichi Electronics Shenzhen Co.,Ltd.
Takeshi Tsuchiya
Apr. 2008
Executive Officer and Senior General Manager(June 1, 1961)of TS Business Div. of the Company
Reelection
June 2013
Director (present position) and Senior
41,500TenureExecutive Officer
7 years
June 2016
In charge of Optical-related Business
Attendance at Board ofJune 2018
Managing Executive Officer (present position)
Directors meetings
In charge of Engineering Administration
12/12
Department
June 2019
In charge of Manufacturing Division
Apr. 2020
Senior General Manager of Manufacturing Div.
(present position)
Reasons for nomination as candidate for Director
Takeshi Tsuchiya possesses extensive knowledge and experience in the Company’s operations, particularly in the sales
division and the manufacturing division, and also has experience in corporate management at subsidiaries. Given hisachievements as Director, we have nominated him again as a candidate for Director.

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No.

Name
(Date of birth)

Kazuhiro Matsuda(April 11, 1964)
Reelection

4

5

6

Tenure3 years
Attendance at Board of
Directors meetings
12/12

Career summary, position and responsibilities in the Company
Dec. 1988
Apr. 2009

Apr. 2014
Apr. 2015
June 2017

May 2020

Joined the Company
General Manager of Overseas Sales Dept.,
Sales Headquarters, Business Control
Headquarters
President, Yamaichi Electronics USA, Inc.
Executive Officer of the Company
Director and Senior Executive Officer (present
position)
Senior General Manager of Administration Div.
(present position)
General Manager of Information Systems Dept.
(present position)

Number of theCompany’s shares
owned

22,100Reasons for nomination as candidate for Director
Kazuhiro Matsuda possesses extensive knowledge and experience in the Company’s operations, particularly in theadministration division and the overseas sales division, and also has experience in corporate management at
subsidiaries. Given his achievements as Director, we have nominated him again as a candidate for Director.
Nov. 1988
Joined the Company
Feb. 2004
General Manager of Sales Dept. II
Apr. 2008
General Manager of West Japan Sales Dept.,
General Manager of TS Planning and Special
Items Dept.
Apr. 2011
General Manager of TS Business Promotion
Nobuhiro Kishimura
Dept.
(September 24, 1964)
Apr. 2013
General Manager of TS Business Promotion Gr.
Reelection
Apr. 2013
General Manager of TS Sales Dept.
June 2013
Acting Senior General Manager of TS Business
20,400TenureDiv.
2 years
Apr. 2014
Executive Officer of the Company
Attendance at Board of
June
2018
Directorand Senior Executive Officer (present
Directors meetings
position)
12/12
In charge of Optical-related Business,
Manufacturing Division (present position)
June 2019
Senior General Manager of TS Business Div.
(present position)
In charge of Engineering Administration
Department (present position)
Reasons for nomination as candidate for Director
Nobuhiro Kishimura possesses extensive knowledge and experience in the Company’s operations, particularly in thesales division and manufacturing division, and also has experience in business operation as an executive officer. Given
his achievements as Director, we have nominated him again as a candidate for Director.
Apr. 1991
Joined Daiwa Securities Co. Ltd.
Tomohiro Murata
July 1994
Joined Daiwa Institute of Research Ltd.
(June 17, 1968)
Sept. 1996
Joined Morgan Stanley Japan Limited
Reelection
Feb. 2009
Joined Frontier Management Inc.
OutsideManaging Director
Independent–
June 2015
Outside Director of the Company (present
Tenureposition)
5 years
June 2018
Managing Director, Frontier Management Inc.
Attendance at Board of(present position)
Directors meetings(Significant concurrent positions outside the Company)
12/12
Managing Director, Frontier Management Inc.
Reasons for nomination as candidate for Outside Director
Tomohiro Murata has extensive experience as a management consultant and possesses wide-ranging knowledge. He
provides objective and unbiased advice on management, and we have nominated him again as a candidate for Outside
Director. While he does not have experience in working directly in corporate management, for the reasons given above,
we believe that he would fulfill his responsibilities as an Outside Director.

-8-

No.

Name
(Date of birth)

Career summary, position and responsibilities in the Company
Apr. 1980

7

8

Number of theCompany’s shares
ownedJoined Nitto Electric Industrial Co., Ltd.
(currently Nitto Denko Corporation)
June 2006
Vice President, Nitto Denko Corporation
June 2010
Director, Vice President, Nitto Denko
Corporation
June 2013
Director, Executive Vice President, Nitto Denko
Yoichiro Sakuma
Corporation(September 4, 1955)
Jan. 2018
Advisor, Refine Holdings Co., Ltd. (present
Reelection
position)
OutsideJune 2018
Outside Director of the Company (present
Independent
position)
400
Outside Director, Nitta Gelatin Inc. (present
Tenureposition)
2 years
Oct. 2018
Outside Director, Nitta Gelatin India Ltd.
Attendance at Board of(present position)
Directors meetings
Feb. 2019
Outside Director, Refine Americas Inc. (present
12/12
position)(Significant concurrent positions outside the Company)
Outside Director, Nitta Gelatin Inc.
Outside Director, Nitta Gelatin India Ltd.
Advisor, Refine Holdings Co., Ltd.
Outside Director, Refine Americas Inc.
Reasons for nomination as candidate for Outside Director
Yoichiro Sakuma has extensive experience over many years as a corporate executive and possesses wide-ranging
knowledge. He provides objective and unbiased advice on management, and we have nominated him again as a
candidate for Outside Director.
Apr. 1982
Joined Shinko Electric Industries Co., Ltd.
Toshihisa Yoda
(January 3, 1958)
Apr. 2007
Corporate Officer, Shinko Electric Industries
New election
Co., Ltd.
OutsideJune 2011
Director and Senior Corporate Officer, Shinko
Independent
Electric Industries Co., Ltd.
–
June 2014
Director and Executive Managing Corporate
TenureOfficer, Shinko Electric Industries Co., Ltd.
–
June 2018
Advisor, Shinko Electric Industries Co., Ltd.
Attendance at Board of(present position)
Directors meetings–
Reasons for nomination as candidate for Director
Toshihisa Yoda has extensive experience over many years as a corporate executive and possesses wide-ranging
knowledge of semiconductor-related business, which is a specialty of the Company’s businesses. Going forward, we
believe that he will provide objective and unbiased advice on management, and we have nominated him as a candidate
for Outside Director.

-9-Proposal 3:

Election of one (1) Audit & Supervisory Board Member

The term of office of Ikuo Tada, an Audit & Supervisory Board Member, will expire at the conclusion of this
General Meeting of Shareholders. Accordingly, we propose the election of one Audit & Supervisory Board Member.
The Audit & Supervisory Board has given its consent to this proposal.
The candidate for Audit & Supervisory Board Member is as follows:
Name(Date of birth)

Career summary and position in the Company
Apr. 1997

Number of theCompany’s shares
ownedRegistered as lawyer
Joined Torikai Tada Moriyama Law Office (currently Torikai
Law Office)Jan. 2005
Partner, Torikai Law Office (present position)
Takako Murase
June 2015
Outside Audit & Supervisory Board Member, MOS FOOD
(January 4, 1955)
SERVICES, INC. (present position)–
New election
Outside Audit & Supervisory Board Member, NIKKO
OutsideCOMPANY (present position)
Independent(Significant concurrent positions outside the Company)
Partner, Torikai Law OfficeOutside Audit & Supervisory Board Member, MOS FOOD SERVICES, INC.
Outside Audit & Supervisory Board Member, NIKKO COMPANY
Reasons for nomination as candidate for Outside Audit & Supervisory Board Member
Takako Murase has sufficient knowledge to reflect her extensive experience and expertise related to corporate legal affairs as alawyer in audits of the Company, and is expected to supervise the Directors’ execution of operations from an objective and unbiased
perspective, making her a well-qualified choice for the Company’s Outside Audit & Supervisory Board Member.
While she does not have experience in working directly in corporate management, for the reasons given above, we recognize that
she would fulfill her responsibilities as an Outside Audit & Supervisory Board Member.
Notes: 1. There is no special interest between the candidate and the Company.
2. Takako Murase is a candidate for an Outside Audit & Supervisory Board Member.
3. If the election of Takako Murase is approved, the Company plans to register her as an Independent Officer as stipulated
in Article 436-2 of the Securities Listing Regulations of the Tokyo Stock Exchange, Inc.
4. If the election of Takako Murase is approved, the Company plans to conclude an agreement with her that limits theliability for damages specified in Article 423, Paragraph (1) of the Companies Act to the minimum amount stipulated in
Article 425, Paragraph (1) of that Act based on the provisions in Article 427, Paragraph (1) of that Act.
New election
OutsideIndependent

Candidate for Audit & Supervisory Board Member to be newly elected
Candidate for Outside Audit & Supervisory Board Member
Independent officer as defined by the securities exchange- 10 -

Proposal 4:

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

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

Career summary and position in the Company
Apr. 1967
Apr. 1984

Number of theCompany’s shares
ownedJoined Yuasa Boeki K.K. (currently Yuasa Trading Co., Ltd.)
General Manager of Development Section, Timber Division,
Yuasa Sangyo. (currently Yuasa Trading Co., Ltd.)
Apr. 1990
Deputy Manager of General Affairs Department, Yuasa
Sangyo (currently Yuasa Trading Co., Ltd.)
Apr. 1991
Managing Director of Tsukasa Realty K.K.
Apr. 1992
Director of D.K. Construction Inc.
Soji Kogure
700
Oct. 1997
Joined the Company, Assistant to Senior General Manager(August 10, 1942)of the Administration Div.
Nov. 1997
General Manager of General Affairs Department of theCompany
June 2001
Audit & Supervisory Board Member of the Company (fulltime)
June 2004
Retired as Audit & Supervisory Board Member of theCompany (full-time)
Reasons for nomination as candidate for substitute Outside Audit & Supervisory Board Member
Soji Kogure has experience at General Affairs Department of the Company as well as a full-time Audit & Supervisory Board
Member (from 2001 to 2004), and if appointed as an Audit & Supervisory Board Member, he is expected to use his abundant
experience and record to strengthen the audit system of the Company, making him a well-qualified choice for the Company’s
Outside Audit & Supervisory Board Member.
Notes: 1. There is no special interest between the candidate and the Company.
2. Soji Kogure is a candidate for substitute Outside Audit & Supervisory Board Member.
3. Soji Kogure was an Audit & Supervisory Board Member of the Company (full-time) from June 2001 to June 2004.
4. If Soji Kogure assumes office of Audit & Supervisory Board Member, the Company plans to register him as an
Independent Officer as stipulated in Article 436-2 of the Securities Listing Regulations of the Tokyo Stock Exchange,
Inc.
5. If Soji Kogure assumes office of Audit & Supervisory Board Member, the Company plans to conclude an agreementwith him that limits the liability for damages specified in Article 423, Paragraph (1) of the Companies Act to theminimum amount stipulated in Article 425, Paragraph (1) of that Act based on the provisions in Article 427, Paragraph(1) of that Act.

- 11 -