This document has been translated from a part of the Japanese original for reference purposes only. In the event ofany 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 other forms of damages
arising from the translation.

Securities code: 7532
September 10, 2020

To Our Shareholders
Naoki Yoshida
President and Representative Director

Pan Pacific International Holdings
Corporation
2-19-10 Aobadai, Meguro-ku, Tokyo
Notice of Convocation of the 40th Ordinary General Meeting of Shareholders
We are pleased to announce that the 40th Ordinary General Meeting of Shareholders of Pan
Pacific International Holdings Corporation (the “Company”) will be held as described below.
To prevent infection and the spread of novel coronavirus disease (COVID-19), we ask that ourshareholders refrain from attending this Ordinary General Meeting of Shareholders and exercise
your voting rights in writing or via the Internet, etc., if at all possible.
With regard to the exercise of voting rights in writing or via the Internet, etc., please review
the attached Reference Documents for the General Meeting of Shareholders and exercise
your voting rights by 6:00 p.m. September 28 (Monday), 2020.
1.

Date and Time:

September 29 (Tuesday), 2020, 10:00 a.m.

2.

Place:

Fuji-no-ma (2nd floor), Meiji Kinenkan
2-2-23 Moto-Akasaka, Minato-ku, Tokyo

3.

Agenda for the Meeting
Matters to be reported:
1.
The Business Report, the Consolidated Financial Statements and Audit Reports of theConsolidated Financial Statements by the Accounting Auditors and the Audit andSupervisory Committee for the 40th Fiscal Term (July 1, 2019 to June 30, 2020)
2.
The Non-Consolidated Financial Statements for the 40th Fiscal Term (July 1, 2019 toJune 30, 2020)
Matters to be resolved:
Proposal No. 1:
Appropriation of Surplus
Proposal No. 2:
Election of Eleven (11) Directors (Excluding Directors Who Are Audit
and Supervisory Committee Members)
Proposal No. 3:
Election of Four (4) Directors Who Are Audit and Supervisory
Committee Members

For those attending, please present the enclosed Voting Rights Exercise Form on attendance to the receptionist.
Of the documents to be provided, information concerning the following items is not included in the documents provided withthis Notice of Convocation of the General Meeting of Shareholders, but is posted on our Website at https://ppih.co.jp/ir/ (inJapanese only) pursuant to laws and regulations and Article 15 of the Company’s Articles of Incorporation.

11) Notes to the Consolidated Financial Statements
2) Notes to the Non-Consolidated Financial Statements
The Consolidated Financial Statements and Non-Consolidated Financial Statements audited by the Audit and Supervisory
Committee for its audit report and the Accounting Auditors for their accounting audit report include, in addition to thecontents of the documents provided here, items to be presented as the Notes to the Consolidated Financial Statements and theNotes to the Non-Consolidated Financial Statements.
If there are any amendments to the Business Report, Non-Consolidated Financial Statements, Consolidated Financial
Statements and Reference Documents for the General Meeting of Shareholders, the amended items will be posted on our
Website at https://ppih.co.jp/ir/ (in Japanese only).
<Measures against COVID-19>
We ask that our shareholders exercise their voting rights prior to the meeting either in writing (via postal mail) or via
electromagnetic means (the Internet, etc.), if at all possible. To our shareholders considering attending the meeting inperson, we ask that you check the situation of the infections of COVID-19 and your individual physical condition on the
day of the meeting, and if you have any worries or concerns, please do not feel obligated and consider not coming to themeeting.
To prevent infection and the spread of COVID-19 at the meeting, the width of the space between the seats will be
increased, resulting in significantly fewer available seats compared to typical years. Therefore, please understand that you
may not be admitted to enter even if you come to the venue.
At the meeting, the meeting’s staff will be wearing masks, and steps will be taken that include requesting that shareholders
wear masks and spray their hands with alcohol sanitizer. Please be aware that if the meeting’s staff notice anyone who
appears to be unwell, those people may not be admitted to enter based on the Company’s discretion.
The provision of gifts has been cancelled this year.
We may be forced to change the venue and/or the start time depending on how the situation evolves. If any changes are
made, the changed items will be posted on our Website at https://ppih.co.jp/ir/ (in Japanese only).

2

Reference Documents for the General Meeting of Shareholders
Proposal No. 1: Appropriation of Surplus
The Company considers the return of profits to shareholders to be one of its most important tasks.
The Company works to increase its retained earnings, which takes strengthening its corporate
structure and development of future business into consideration, and based on the “progressive
dividend policy,” which lays out a policy of increasing dividends in line with sustainable growth,
the year-end dividend of the 40th Fiscal Term is proposed as follows.
(1)

Type of dividend property
Cash

(2)

Matter and total amount regarding dividend property’s allocation to shareholders
Cash payment of dividend per share: 12 yen per common share of the Company
Total amount: 7,606,921,392 yen
Effective date of dividend payment
September 30, 2020

(3)

3

Proposal No. 2: Election of Eleven (11) Directors (Excluding Directors Who Are Audit andSupervisory Committee Members)
The terms of office of all nine (9) Directors (excluding Directors who are Audit and Supervisory
Committee Members; applicable to the rest of this proposal) will expire at the conclusion of thismeeting. In that regard, the Company proposes the election of eleven (11) Directors, increasing
the number of Directors by two (2) to enhance the management system.
As for this proposal, the Audit and Supervisory Committee of the Company has judged that all the
candidates for Directors are eligible.
The candidates for Directors are as follows:
No.
1
2
3
4
5
6

7

8
9

Name
Naoki Yoshida

Current position in the Company
President, Representative Director and CEO

Reelection

Senior Managing Executive Officer and CSO
Head of Financial Company Preparation OfficeDirector, Managing Executive Officer and CMO
Kazuhiro(Global)MatsumotoVice President of Asia Company
Director and Managing Executive Officer
Kenji Sekiguchi
President of GMS Company
Director and Managing Executive Officer
Takeshi Nishii
President of West Don Quijote Company
Director, Managing Executive Officer and CMOKen Sakakibara(Non-Food)Managing Executive Officer
General Manager of Corporation Management
Hideki Moriya
and Strategic Headquarters andHead of Executive Committee
Director, Executive Officer and CMO (Private
Tetsuji Maruyama Brands)
Manager of President’s Office
Seiji Shintani

Yuji Ishii

New election
Reelection
Reelection
Reelection
Reelection

New election

Reelection

Director and Executive Officer

Reelection

10 Isao Kubo–

New election Outside

11 Takao Yasuda

Director (non-standing)Reelection

New election Candidates for new Directors

Reelection Candidates for Directors to be reelected

4Outside Candidates for Outside Directors

No.

Name
(Date of birth)

Career summary andposition and areas of responsibility in the Company(Significant concurrent positions)

Joined McKinsey & Company Inc.
Japan
Joined Union Bancaire Privée
March 1997
Established Alter Ego Consulting Co.,
August 2002
Ltd.
President and Representative Director
President and Representative Director of
February 2003
T-ZONE HOLDINGS, INC. (currently
MAG NET HOLDINGS, INC.)
President of Don Quijote (USA) Co.,
July 2007
Ltd.
September 2012 Director of the Company
November 2013 Senior Managing Director of theCompany
Director of Don Quijote Co., Ltd.
December 2013
Director of Nagasakiya Co., LTD.
(current position)
53,700Naoki Yoshida
Senior Managing Director and CCO of
July 2015
shares(December 7, 1964)
the Company
Outside Director of Accretive Co., Ltd.
June 2017
November 2017 Audit & Supervisory Board Member of
UNY Co., Ltd.
Senior Managing Director and CAO
January 2018
(Representative Director) of theCompany
Director of UNY Co., Ltd.
January 2019
Representative Director of UCS Co.,Ltd.
Senior Managing Director of UNY Co.,
April 2019Ltd.
September 2019 President, Representative Director and
CEO of the Company (current position)
President and Representative Director of
Don Quijote Co., Ltd. (current position)
Director of UNY Co., Ltd. (current
position)(Reasons for nomination as candidate for Director)
Naoki Yoshida has a performance record of playing a key role in supporting many aspects of theGroup, such as the divisions responsible for compliance and governance including the Group’s legal
affairs and labor affairs, the divisions in charge of finance, accounting and tax affairs, and theGroup’s strategic planning division both inside Japan and overseas. As President, Representative
Director and CEO, he is promoting a series of new strategies, including management integration,organizational reforms to facilitate the delegation of authority and the development of the next
generation of leaders, and strategies for digital and AI-based pricing. In addition, he possesses
abundant experience and broad insight in relation to corporate management based on his successive
service as president at various companies. Accordingly, the Company deems that he is an appropriate
person for promoting further improvement in the Group’s corporate value going forward, and has
continued to nominate him as a candidate for Director.
December 1995

1

Number oftheCompany
shares held

5

No.

Name
(Date of birth)

Career summary andposition and areas of responsibility in the Company(Significant concurrent positions)

Joined The Long-Term Credit Bank ofJapan, Limited
January 1996
Joined McKinsey & Company
April 1999
Director of Interaset Co., Ltd.
April 2000
Principal of Crimson Ventures Co., Ltd.
January 2002
Director of Capital Arts Co., Ltd.
May 2004
Director of Sammy Networks Co., Ltd.
Executive Officer and General Manager
June 2008of New Business Development Divisionof SEGA CORPORATION
Executive Officer and Division Manager
June 2011of Group Executive Office of SEGASAMMY HOLDINGS INC.
Senior Executive Officer and Division
April 2013
Manager of Corporate Division of
Sammy Corporation
Seiji Shintani
Executive Officer and General Manager
October 2014
– shares(January 1, 1964)
of Administrative Division of
KADOKAWA DWANGOCORPORATION
General Manager of Administrative
May 2017
Division of KOMEDA Holdings Co.,Ltd.
Management Director and General
Manager of Management Strategy
Division of Komeda Co., Ltd.
Director and General Manager ofMarch 2018
Administrative Division of KOMEDA
Holdings Co., Ltd.
May 2020
CSO of the Company
Senior Managing Executive Officer andJuly 2020
CSO, and Head of Financial Company
Preparation Office of the Company(current position)(Reasons for nomination as candidate for Director)
Seiji Shintani possesses abundant practical experience and broad insight in relation to management
strategies. As Senior Managing Executive Officer and CSO, he is constructing and promoting
management strategies for the Group as a whole while taking charge of strengthening theorganizational design and corporate planning functions required to transition to a next-generation
holdings-company management system. Accordingly, the Company deems that he is an appropriate
person for promoting further improvement in the Group’s corporate value going forward, and has
newly nominated him as a candidate for Director.
April 1987

*2

Number oftheCompany
shares held

6

No.

Name
(Date of birth)

Career summary andposition and areas of responsibility in the Company(Significant concurrent positions)

Joined the Company
Corporate Officer of Don Quijote Co.,Ltd.
Director of Don Quijote Holdings Retail
July 2015
Management Co., Ltd.
Director of Lirack Co., Ltd.
Director of Justneo Co., Ltd. (currently
Pan Pacific International Trading Co.,
Ltd.) (current position)
General Manager of Food and Liquor
April 2017
Merchandising Development
Headquarters of Don Quijote Co., Ltd.
Executive Officer of the Company
January 2018
General Manager of Food and Liquor
February 2019
Merchandising Development
Headquarters and Overseas BusinessSupport Headquarters of Don Quijote
Co., Ltd.
Kazuhiro Matsumoto
14,900General Manager of Overseas Business
June 2019
shares(November 15, 1973)
Support Headquarters of Don Quijote
Co., Ltd.
Director of Kanemi Co., Ltd. (current
position)Managing Director of Pan Pacific RetailAugust 2019
Management (Singapore) Pte. Ltd.
(current position)
September 2019 Director, Managing Executive Officer
and CMO (Global) of the Company
November 2019 Director of Pan Pacific RetailManagement (Asia) Pte. Ltd.
Director, Managing Executive Officer
July 2020
and CMO (Global), and Vice Presidentof Asia Company of the Company(current position)
Vice President and COO of Pan Pacific
Retail Management (Asia) Pte. Ltd.
(current position)(Reasons for nomination as candidate for Director)
Kazuhiro Matsumoto possesses abundant experience and a performance record primarily in relation
to merchandise strategies and store operation both inside Japan and overseas, gained mainly in theGroup’s retail division. Accordingly, the Company deems that he is an appropriate person for
promoting further improvement in the Group’s corporate value going forward, and has continued tonominate him as a candidate for Director.
January 1996
December 2013

3

Number oftheCompany
shares held

7

No.

Name
(Date of birth)

Career summary andposition and areas of responsibility in the Company(Significant concurrent positions)

Joined the Company
Department Director of New Business
Promotion Department of the Company
November 2007 Senior Vice President andRepresentative Director of NagasakiyaCo., LTD.
President and Representative Director of
April 2013
Nagasakiya Co., LTD.
September 2013 President of MARUKAICORPORATION
November 2013 Director of the Company
Resigned from the position of Director
December 2014of the Company
November 2017 President and Representative Director of
Nagasakiya Co., LTD.
Director and Managing Corporate
Kenji Sekiguchi
53,200
Officer of UNY Co., Ltd.
shares(October 20, 1964)
Senior Vice President andRepresentative Director of UD RetailCo., Ltd.
Executive Officer of the Company
January 2018
President and Representative Director ofJanuary 2019
UD Retail Co., Ltd.
President and Representative Director of
April 2019
UNY Co., Ltd. (current position)
Director of UD Retail Co., Ltd. (current
position)
September 2019 Director and Managing Executive
Officer of the Company
Director, Managing Executive Officer
July 2020and President of GMS Company of theCompany (current position)(Reasons for nomination as candidate for Director)
Kenji Sekiguchi possesses abundant experience and a performance record in many aspects primarily
in relation to store operation, based on his successive service mainly as representative at subsidiaries
in the Group’s retail division. Accordingly, the Company deems that he is an appropriate person for
promoting further improvement in the Group’s corporate value going forward, and has continued tonominate him as a candidate for Director.
May 1997
June 2006

4

Number oftheCompany
shares held

8

No.

Name
(Date of birth)

Career summary andposition and areas of responsibility in the Company(Significant concurrent positions)

Joined the Company
Corporate Officer of Don Quijote Co.,Ltd.
Director of Don Quijote Holdings Retail
July 2015
Management Co., Ltd.
General Manager of Sales Support
April 2017
Headquarters of Don Quijote Co., Ltd.
September 2017 Director of the Company
November 2017 Director of UNY Co., Ltd.
Outside Director of Kanemi Co., Ltd.
June 2018
Director and Corporate Officer of UNY
April 2019
Co., Ltd.
Director of Kanemi Co., Ltd. (current
June
2019
Takeshi Nishii
1,100 shares
position)(September 11, 1975)
General Manager of Corporate
July 2019
Philosophy Promotion Headquarters of
the Company
September 2019 Director, Managing Executive Officer
and COO of the Company
Senior Managing Director of Don
Quijote Co., Ltd.
Director, Managing Executive Officer
July 2020and President of West Don Quijote
Company of the Company (current
position)
Senior Managing Director and COO of
Don Quijote Co., Ltd. (current position)(Reasons for nomination as candidate for Director)
Takeshi Nishii possesses abundant experience and a performance record primarily in relation to store
operation and analysis of sales numbers, gained mainly in the Group’s retail division. Accordingly,
the Company deems that he is an appropriate person for promoting further improvement in theGroup’s corporate value going forward, and has continued to nominate him as a candidate for
Director.
August 1998
December 2013

5

Number oftheCompany
shares held

9

No.

Name
(Date of birth)

Career summary andposition and areas of responsibility in the Company(Significant concurrent positions)

Joined the Company
Corporate Officer of Don Quijote Co.,Ltd.
Director of Don Quijote Holdings Retail
July 2015
Management Co., Ltd.
Director of Justneo Co., Ltd. (currently
Pan Pacific International Trading Co.,
Ltd.) (current position)
General Manager of Lifestyle
April 2017
Merchandising Development
Headquarters of Don Quijote Co., Ltd.
Executive Officer of the Company
January 2018
Ken Sakakibara
General Manager of Food and Liquor
June 2019
4,200 shares(June 6, 1971)
Merchandising Development
Headquarters of Don Quijote Co., Ltd.
September 2019 Director, Managing Executive Officer
and COO of the Company
Senior Managing Director of Don
Quijote Co., Ltd.
Director of Nagasakiya Co., LTD.
(current position)
Director, Managing Executive Officer
July 2020
and CMO (Non-Food) of the Company(current position)
Senior Managing Director and COO of
Don Quijote Co., Ltd. (current position)(Reasons for nomination as candidate for Director)
Ken Sakakibara possesses abundant experience and a performance record primarily in relation tomerchandise strategies and store operation, gained mainly in the Group’s retail division. Accordingly,
the Company deems that he is an appropriate person for promoting further improvement in theGroup’s corporate value going forward, and has continued to nominate him as a candidate for
Director.
October 1997
December 2013

6

Number oftheCompany
shares held

10

No.

Name
(Date of birth)

Career summary andposition and areas of responsibility in the Company(Significant concurrent positions)
March 2000
July 2007
August 2009
July 2010
December 2010
September 2019

Hideki Moriya(September 23, 1977)

November 2019

*7

Number oftheCompany
shares held

Joined the Company
General Manager of Chiba Branch,
Sales Headquarters of the Company
Head of Logistics Division of theCompany (current position)
Head of Promotion Strategy Division of
the Company
Head of Fair Trade Division of theCompany
Executive Officer of the Company
Director of Pan Pacific Data Services
Co., Ltd.
General Manager of Operation
Management Headquarters of theCompany (current position)
General Manager of Risk Management
Headquarters of the Company

1,300 shares

Managing Executive Officer, General
Manager of Corporation Management
and Strategic Headquarters and Head of
Executive Committee of the Company(current position)
General Manager of IT Support
Headquarters of the Company (current
position)(Reasons for nomination as candidate for Director)
Hideki Moriya possesses abundant experience and a performance record during his service mainly in
the Group’s retail division, notably his store operational experience and subsequently, his service invarious top positions related to back office operations, including logistics, sales promotion and trade
management. Accordingly, the Company deems that he is an appropriate person for promoting further
improvement in the Group’s corporate value going forward, and has newly nominated him as a
candidate for Director.
July 2020

11

No.

Name
(Date of birth)

Career summary andposition and areas of responsibility in the Company(Significant concurrent positions)

Joined the Company
Corporate Officer of Don Quijote Co.,Ltd.
Director of Don Quijote Holdings Retail
July 2015
Management Co., Ltd.
General Manager of Store Management
April 2017
Support Headquarters of Don Quijote
Co., Ltd.
September 2017 Director of the Company
November 2017 Audit & Supervisory Board Member of
UNY Co., Ltd.
Audit & Supervisory Board Member of
UD Retail Co., Ltd.
General Manager of Human Resources
March 2018
Strategy Headquarters of Don Quijote
Tetsuji Maruyama
1,800 sharesCo., Ltd.
(April 11, 1973)
GeneralManagerofRetailSupportFebruary 2019
Headquarters of Don Quijote Co., Ltd.
Director and Corporate Officer of UNY
April 2019
Co., Ltd.
President and Representative Director of
July 2019
Pan Pacific Retail Support Co., Ltd.
September 2019 Director and Executive Officer, andManager of President’s Office of theCompany
Director of Don Quijote Co., Ltd.
(current position)
Director, Executive Officer and CMO
July 2020(Private Brands), and Manager of
President’s Office of the Company(current position)(Reasons for nomination as candidate for Director)
Tetsuji Maruyama possesses abundant experience and a performance record primarily in relation to
store operation and improving the efficiency of store operations, gained mainly in the Group’s retail
division. Accordingly, the Company deems that he is an appropriate person for promoting further
improvement in the Group’s corporate value going forward, and has continued to nominate him as a
candidate for Director.
October 1997
December 2013

8

Number oftheCompany
shares held

12

No.

Name
(Date of birth)

Career summary andposition and areas of responsibility in the Company(Significant concurrent positions)

Joined the Company
Manager, Financial Accounting
Division, Administration Headquartersof Don Quijote Shared Services Co.,Ltd.
Deputy General Manager,
July 2015
Administration Headquarters of Don
Quijote Shared Services Co., Ltd.
Director of Don Quijote Holdings RetailManagement Co., Ltd.
General Manager of Administration
July 2016
Headquarters of Don Quijote Shared
Services Co., Ltd.
Yuji Ishii
September 2017 Director of the Company
1,500 shares(August 17, 1972)
Director of Don Quijote Shared Services
Co., Ltd.
General Manager of General Accounting
October 2017
Headquarters of Don Quijote Shared
Services Co., Ltd.
Representative Director of Don Quijote
February 2018
Shared Services Co., Ltd.
President (Representative Director) of
May 2019
Pan Pacific Shared Service Co., Ltd.
September 2019 Director and Executive Officer of theCompany (current position)
November 2019 General Manager of Accounting and
Finance Headquarters of the Company(current position)(Reasons for nomination as candidate for Director)
Yuji Ishii possesses abundant experience and broad insight in relation to accounting, tax practices andcorporate planning gained primarily by overseeing the accounting and finance division, mainly whileworking for the Group. Accordingly, the Company deems that he is an appropriate person for
promoting further improvement in the Group’s corporate value going forward, and has continued tonominate him as a candidate for Director.
September 2008
January 2013

9

Number oftheCompany
shares held

13

No.

Name
(Date of birth)

Career summary andposition and areas of responsibility in the Company(Significant concurrent positions)
April 1982
April 2005
April 2008
April 2011

April 2013
April 2016
April 2017

May 2017*10

Isao Kubo(October 19, 1958)
September 2017

March 2018

May 2018

May 2019

Joined ITOCHU Corporation
General Manager of Brand Marketing
Department 3 of ITOCHU Corporation
General Manager of Planning &Coordinating Department, Textile
Company of ITOCHU Corporation
Chief Administrative Officer of
ITOCHU International Inc. andPresident & CEO of ITOCHU Canada
Ltd.
Executive Officer and General Manager
of Corporate Planning & Administration
Division of ITOCHU Corporation
Managing Executive Officer andGeneral Manager of Internal Audit
Division of ITOCHU Corporation
Director, Managing Executive Officer,
General Manager of Management
Division, Chairman of Risk
Management & Compliance Committee,
Chairman of Corporate Social
Responsibility Committee and AssistantGeneral Manager of Corporate Planning
Division of former FamilyMart Co., Ltd.
Managing Executive Officer andAssistant General Manager of General
Affairs and Human Resources Divisionof FamilyMart UNY Holdings Co., Ltd.
(currently FamilyMart Co., Ltd.)Managing Executive Officer andGeneral Manager of Corporate Planning
Division of FamilyMart UNY Holdings
Co., Ltd. (currently FamilyMart Co.,Ltd.)
Senior Managing Executive Officer andGeneral Manager of Corporate Planning
Division of FamilyMart UNY Holdings
Co., Ltd. (currently FamilyMart Co.,Ltd.)
Director, Senior Managing Executive
Officer, General Manager of Corporate
Planning Division and General Manager
of International Business Division offormer FamilyMart Co., Ltd.
Director, Senior Managing Executive
Officer and General Manager ofCorporate Planning Division of
FamilyMart UNY Holdings Co., Ltd.
(currently FamilyMart Co., Ltd.)
Director, Senior Managing Executive
Officer, Chief Strategy Officer andGeneral Manager of Corporate Planning
Division of FamilyMart UNY Holdings
Co., Ltd. (currently FamilyMart Co.,
Ltd.) (current position)

14

Number oftheCompany
shares held

– shares

No.

Name
(Date of birth)

Career summary andposition and areas of responsibility in the Company(Significant concurrent positions)

Number oftheCompany
shares held

(Reasons for nomination as candidate for Outside Director)
Isao Kubo served in general manager positions across many departments at ITOCHU Corporation,
including overseas, and undertook important roles as a director at the former FamilyMart Co., Ltd.
From September 2017, he served as General Manager of Corporate Planning Division of thecompany that is currently FamilyMart Co., Ltd., and since May 2019, he has served as Chief Strategy
Officer of that company, during which time he has formulated and implemented management
strategies for that company’s group. The Company deems that through making use of such abundant
experience and broad insight concerning corporate management, he will appropriately carry out his
duties as Outside Director of the Company and has newly nominated him as a candidate for Outside
Director.

15

No.

Name
(Date of birth)

Career summary andposition and areas of responsibility in the Company(Significant concurrent positions)

Number oftheCompany
shares held

Established Just Co., Ltd. (currently Pan
Pacific International Holdings
Corporation)
President and Representative Director
September 2005 Chairman, Representative Director and
CEO of the Company
Chairman of Yasuda Scholarship
December 2005
Foundation (current position)
Chairman, President, Representative
April 2013
Director and CEO of the Company
President, Representative Director andAugust 2013CEO of Don Quijote Preparatory Co.,
Ltd. (currently Don Quijote Co., Ltd.)
Chairman and Representative Director
December 2013of Don Quijote Co., Ltd.
Chairman, Representative Director andJuly 2014
CEO of the Company
Takao Yasuda– shares(May 7, 1949)
Founding Chairman and Supreme
July 2015
Advisor of the Company (current
position)11
Director (Chairman, President & CEO)of Pan Pacific International Holdings
Pte. Ltd. (currently Pan Pacific RetailManagement (Singapore) Pte. Ltd.)
President of Pan Pacific Strategy
December 2018
Institute Pte. Ltd. (current position)
Director (non-standing) of the Company
January 2019
(current position)
President of Pan Pacific Retail
April 2019
Management (Asia) Pte. Ltd. (current
position)
Director, Chairman and CEO of Pan
July 2020
Pacific Retail Management (Singapore)
Pte. Ltd. (current position)(Reasons for nomination as candidate for Director)
Takao Yasuda is founder of the Company, created a new business format as a discounter, and has
driven the development of the Group. He is currently based in Singapore to lead overseas businessesof the Company. In order to further accelerate the business expansion overseas and make use of his
expertise, the Company has continued to nominate him as a candidate for Director.
(Notes) 1. Person marked with an asterisk is a candidate for new Director.
2. There is no special interest between the candidates and the Company.
3. Regarding Mr. Ken Sakakibara’s current position of Director, Managing Executive Officer andCMO (Non-Food) of the Company, “(Non-Food)” indicates that he is Head of non-food related
operations. As for Mr. Tetsuji Maruyama’s current position of Director, Executive Officer andCMO (Private Brands), “(Private Brands)” indicates that he is Head of private brand related
operations.
4. Mr. Isao Kubo is a candidate for Outside Director.
5. The former FamilyMart Co., Ltd. mentioned in the career summary of Mr. Isao Kubo refers to
FamilyMart Co., Ltd. which disappeared in an absorption-type merger with FamilyMart UNY
Holdings Co., Ltd. (currently FamilyMart Co., Ltd.) in September 2019.
September 1980

16

Proposal No. 3: Election of Four (4) Directors Who Are Audit and Supervisory Committee
Members
At the conclusion of this meeting, the terms of office of three (3) of five (5) Directors who are
Audit and Supervisory Committee Members, namely Yukihiko Inoue, Yasunori Yoshimura andTomiaki Fukuda, will expire. Accordingly, the Company proposes the election of four (4)Directors who are Audit and Supervisory Committee Members, increasing the number of
Directors who are Audit and Supervisory Committee Members by one (1) to strengthen andenhance its audit system.
As for this proposal, the Audit and Supervisory Committee of the Company has already given
their consent to this proposal.
The candidates for Directors who are Audit and Supervisory Committee Members are as follows:No.
Name
1 Akio Ariga
2
3
4

Position in the Company
New election–

Outside Director(Audit and Supervisory Committee Member)
Outside Director
Yasunori Yoshimura(Audit and Supervisory Committee Member)
Outside Director
Tomiaki Fukuda(Audit and Supervisory Committee Member)

Yukihiko Inoue

New election Candidates for new Directors

Reelection Candidates for Directors to be reelected

Independent Candidates for independent officer

17

Reelection

Outside Independent

Reelection

Outside Independent

Reelection

Outside Independent

Outside Candidates for Outside Directors

No.

Name
(Date of birth)

Career summary andposition and areas of responsibility in the Company(Significant concurrent positions)

Joined the Company
Director of PAW Creation Co., Ltd.
(currently Japan Commercial
Establishment Co., Ltd.)Manager of President’s Office and Sales
May 2006
Support Division of the Company
Akio Ariga– shares
November 2012 Manager of Sales Support Division,(October 29, 1958)
Sales Headquarters of the Company
Director of REALIT Co., Ltd.
April 2016
Director of STORECREWS Co., Ltd.
May 2019
President of REALIT Co., Ltd. (current
May 2020
position)(Reasons for nomination as candidate for Director who is an Audit and Supervisory Committee
Member)Akio Ariga possesses abundant experience and insight, having served in important roles at various
departments ranging from the sales departments to back office departments at companies in theGroup. The Company has judged that through making use of such experience and insight, he willappropriately carry out his duties as Audit and Supervisory Committee Member of the Company, andhas newly nominated him as a candidate for Director who is an Audit and Supervisory Committee
Member.
April 1997
September 2004

*1

Number oftheCompany
shares held

18

No.

Name
(Date of birth)

Career summary andposition and areas of responsibility in the Company(Significant concurrent positions)Superintendent-General of theMetropolitan Police Department
September 2003 Chairperson of the board of directors ofJapan Guide Dog Association (current
position)
Outside Corporate Auditor of TOKO
June 2006
ELECTRICAL CONSTRUCTION CO.,LTD. (current position)
Outside Director of ASAHI
KOGYOSHA CO., LTD. (current
position)
September 2009 Audit and Supervisory Board Memberof the Company
Yukihiko Inoue– shares
Chairman of Public Interest
March 2011
(November 4, 1937)
Incorporated Foundation, Aikido
Yoshinkai (current position)
Outside Statutory Auditor of All Nippon
June 2011
Security Co., Ltd. (current position)
Standing Audit and Supervisory Board
June 2012
Member of the Company
September 2014 Outside Director of the Company
September 2016 Outside Director [Audit and Supervisory
Committee Member] of the Company(current position)
Outside Director of Anicom Holdings,
June 2018
Inc. (current position)(Reasons for nomination as candidate for Outside Director who is an Audit and Supervisory
Committee Member)
Although Yukihiko Inoue has not been directly involved in corporate management other than having
served as an outside officer, the Company has judged that through making use of his experience fromhaving served in such important positions as Superintendent-General of the Metropolitan Police
Department, he will appropriately carry out his duties as an Audit and Supervisory Committee
Member of the Company from an objective standpoint, and again nominates him as a candidate for
Outside Director who is an Audit and Supervisory Committee Member.
September 1994

2

Number oftheCompany
shares held

19

No.

Name
(Date of birth)

Career summary andposition and areas of responsibility in the Company(Significant concurrent positions)

Graduated from Keio University Schoolof Medicine
November 1995 Professor of Keio University(Department of Obstetrics andGynecology, School of Medicine)
November 2010 President of Japan Society for
Reproductive Medicine
Outside Director of ASKA
June 2011
Pharmaceutical Co., Ltd. (current
position)
President of Japan Society ofAugust 2011
Gynecologic and Obstetric Endoscopy
and Minimally Invasive Therapy
Established YOSHIMURA BIOETHIC
October 2012
INSTITUTE
Chairman of YOSHIMURA BIOETHIC
INSTITUTE (current position)
Special Advisor to the Cabinet (inMarch 2013
charge of measures to counter the
Yasunori Yoshimura
declining birthrate and support for– shares(January 26, 1949)
child-raising) (current position)
November 2013 Outside Audit and Supervisory Board
Member of the Company
Professor Emeritus of Keio University
April 2014
(Department of Obstetrics andGynecology) (current position)
Honorary Director of
SHIN-YURIGAOKA General Hospital(current position)
September 2015 Outside Director of the Company
September 2016 Outside Director [Audit and Supervisory
Committee Member] of the Company(current position)
Representative Director of
May 2019
Childbirth/Child-Raising
Comprehensive Support Promotion
Organization (current position)
Chairman of the Board of “1 more Baby
December 2019
ohendan” foundation (current position)(Reasons for nomination as candidate for Outside Director who is an Audit and Supervisory
Committee Member)
Although Yasunori Yoshimura has not been directly involved in corporate management other thanhaving served as an outside officer, the Company has judged that through making use of his
experience from having served in such important positions as Special Advisor to the Cabinet,
Professor at a university, and President of various learned societies, he will appropriately carry out his
duties as an Audit and Supervisory Committee Member of the Company from an objective
standpoint, and again nominates him as a candidate for Outside Director who is an Audit andSupervisory Committee Member.
March 1975

3

Number oftheCompany
shares held

20

No.

Name
(Date of birth)

Career summary andposition and areas of responsibility in the Company(Significant concurrent positions)

Number oftheCompany
shares held

President and Representative Director of
Unimat Corporation (currently Japan
Beverage Holdings Inc.)
President and Representative Director of
April 1996
U.H.I. SYSTEMS K.K.
November 2002 Vice-president of Fédération
Internationale des Luttes Associées(currently United World Wrestling)
President of Japan Wrestling Federation
April 2003
(current position)
General Manager of the JapaneseAugust 2004
Delegation for Athens Olympic Games
Chef de Mission of the JapaneseAugust 2008
Delegation for Beijing Olympic Games
Vice President of Japanese Olympic
April 2009
Tomiaki Fukuda
Committee– shares(December 19, 1941) September 2010 Standing Audit and Supervisory Board
Member of the Company
Outside Audit and Supervisory Board
June 20124
Member of the Company
Honorary member of Japanese Olympic
June 2013
Committee (current position)Councillor of the Tokyo Organising
January 2014
Committee of the Olympic andParalympic Games (current position)
September 2014 Honorary Vice-president of Fédération
Internationale des Luttes Associées(currently United World Wrestling)(current position)
September 2016 Outside Director [Audit and Supervisory
Committee Member] of the Company(current position)(Reasons for nomination as candidate for Outside Director who is an Audit and Supervisory
Committee Member)
Tomiaki Fukuda has served in such important positions as President of Japan Wrestling Federation.
The Company has judged through making use of this experience, he will appropriately carry out his
duties as an Audit and Supervisory Committee Member of the Company from an objective
standpoint, and again nominates him as a candidate for Outside Director who is an Audit andSupervisory Committee Member.
(Notes) 1. Person marked with an asterisk is a new candidate.
2. Mr. Akio Ariga is currently serving as President of REALIT Co., Ltd., a subsidiary of the Company,
however, he is to retire from being a director at that company by September 28, 2020.
3. Mr. Tomiaki Fukuda, a candidate for Director who is an Audit and Supervisory Committee
Member, is President of Japan Wrestling Federation. The Group is paying financial sponsorship towrestling tournaments, etc. that are operated by the said federation. The Group empathizes with thesaid federation’s philosophy and provides support as part of its CSR activities. This support iscarried out to promote the sound development of youths through sports and as part of the Group’s
contributions to society in preparation for the Tokyo Olympic and Paralympic Games. Furthermore,
the amount of this payment is approximately 52 million yen per year (less than 0.01% of theconsolidated net sales and approximately 0.01% of selling, general and administrative expenses of
the Company), and the Company believes that Mr. Fukuda has sufficient independence from theCompany as an Outside Director. There is no special interest between each of the candidates andthe Company.
4. Mr. Yukihiko Inoue, Mr. Yasunori Yoshimura, and Mr. Tomiaki Fukuda are candidates for Outside
Director of the Company.
April 1994

21

5. Mr. Yukihiko Inoue is currently Outside Director of the Company, and his term in this position at
the conclusion of this meeting will be six (6) years. Before serving as Outside Director, he served aterm of five (5) years in the position of Outside Audit and Supervisory Board Member. Likewise,
Mr. Yasunori Yoshimura is currently Outside Director of the Company, and his term in this positionat the conclusion of this meeting will be five (5) years. Before serving as Outside Director, heserved a term of one (1) year and ten (10) months in the position of Outside Audit and Supervisory
Board Member. Mr. Tomiaki Fukuda is also currently Outside Director of the Company, and his
term in this position at the conclusion of this meeting will be four (4) years. Before serving as
Outside Director, he served a term of six (6) years as Outside Audit and Supervisory Board
Member.
6. The Company has reported to the Tokyo Stock Exchange that Mr. Yukihiko Inoue, Mr. Yasunori
Yoshimura and Mr. Tomiaki Fukuda have been appointed as independent officers as stipulated by
the said exchange. The Company plans to continue to report their independent-officer statuses tothe said exchange should their reelection be approved.

22