Note: This document has been translated from a part of the Japanese original for reference purposes only. In
the event of any discrepancy between this translated document and the Japanese original, the original shallprevail. The Company assumes no responsibility for this translation or for direct, indirect or any other formsof damages arising from the translation.
(Stock Exchange Code 7105)
June 7, 2019
To Shareholders with Voting Rights:
Takashi Mikogami
President and CEO
Mitsubishi Logisnext Co., Ltd.
2-1-1, Higashi-kotari,
Nagaokakyo City, Kyoto

NOTICE OF
THE 118TH ANNUAL GENERAL MEETING OF SHAREHOLDERS
Dear Shareholders:
You are cordially invited to attend the 118th Annual General Meeting of Shareholders of Mitsubishi
Logisnext Co., Ltd. (the “Company”). The meeting will be held for the purposes as described below.
If you are unable to attend the meeting on this date, you may exercise your voting rights in writing. In thiscase, please review the attached “Reference Documents for the General Meeting of Shareholders,” indicate
your vote for or against the proposals on the enclosed Voting Rights Exercise Form and return it so that it isreceived by 4:50 p.m. on Wednesday, June 26, 2019, Japan time.
1. Date and Time:Thursday, June 27, 2019 at 10:00 a.m. Japan time

2. Place:

Main hall at the Corporate Headquarters located at2-1-1, Higashi-kotari, Nagaokakyo City, Kyoto, Japan

3. Agenda:
Matters to be reported: 1. The Business Report, Consolidated Financial Statements for the Company’s
118th Fiscal Year (April 1, 2018 - March 31, 2019) and results of audits by
the Accounting Auditor and the Audit and Supervisory Board of theConsolidated Financial Statements
2. Non-consolidated Financial Statements for the Company’s 118th Fiscal Year
(April 1, 2018 - March 31, 2019)
Proposals to be resolved:
Dividend of Surplus
Proposal 1:
Partial Amendments to the Articles of Incorporation
Proposal 2:
Election of Seven (7) Directors
Proposal 3:
Election of Four (4) Audit and Supervisory Board Members
Proposal 4:
We appreciate your continued confidence in our Company and look forward to seeing you at
Mitsubishi Logisnext Co., Ltd., General Offices on June 27.

-1-

●
●

●
●

When attending the meeting, please submit the enclosed Voting Rights Exercise Form at the receptiondesk.
Of the documents to be attached to this Notice, “Notes to the Consolidated Financial Statements” of theConsolidated Financial Statements and “Notes to the Non-consolidated Financial Statements” of theNon-consolidated Financial Statements are posted on the Company’s website(https://www.logisnext.com/) in accordance with provisions of laws and regulations as well as theCompany’s Articles of Incorporation and therefore are not included in the documents attached to thisNotice with regard to the matters to be reported.
The Consolidated Financial Statements and Non-consolidated Financial Statements that were audited by
the Audit and Supervisory Board Members and the Accounting Auditor include the “Notes to theConsolidated Financial Statements” and “Notes to the Non-consolidated Financial Statements”
mentioned above, in addition to the documents attached to this Notice with regard to the matters to bereported.
Should the Reference Documents for the General Meeting of Shareholders, Business Report,
Consolidated Financial Statements and Non-consolidated Financial Statements require revisions, therevised versions will be posted on the Company’s website (https://www.logisnext.com/).
If you wish to make a diverse exercise of your voting rights, please notify the Company of your intention
and the reason therefor in writing not later than three (3) days before the Annual General Meeting of
Shareholders.

-2-Reference Documents for the General Meeting of Shareholders
Proposal 1:

Dividend of Surplus

The basic policy of the Company’s dividend policy, etc. is to maintain stable profit returns, while
securing internal reserves appropriately in preparation for future growth.
For the fiscal year ended March 31, 2019, it is proposed that year-end dividends be distributed as follows,in light of the performance for the fiscal year and business development going forward.
1. Type of Dividends
Cash
2. Allotment of dividend assets and total amount of dividends
As stated in the Business Report, the Company was able to maintain the trend of increased profits
for the fiscal year ended March 31, 2019, and in accordance with its basic policy, the Company
proposes an increase of two yen per share, and to pay 13 yen per share of common stock of theCompany and 13 yen per share of Class A stock of the Company.
Total amount of dividends: 1,384,316,843 yen(1) Common stock:
13 yen per share(Amount of dividends: 996,205,171 yen)
(2) Class A stock:
13 yen per share(Amount of dividends: 388,111,672 yen)
3. Date that the dividend of surplus becomes effective
June 28, 2019-3-

Proposal 2:

Partial Amendments to the Articles of Incorporation

1. Reasons for amendments
In order to secure flexibility in the management of general meetings of shareholders and themeetings of the Board of Directors, it is proposed that amendments be made to Article 16 (Chairperson)
and Article 24 (Convocation) of the current Articles of Incorporation with regard to a chairperson ofgeneral meetings of shareholders and a convenor and chairperson of the meetings of the Board of
Directors.
2. Details of amendments
The proposed amendments to the Articles of Incorporation are as follows:(Note: In case that change in original Japanese text does not effect a substantial change in themeaning, no change is made in English translation.)(Amended parts are underlined.)
Current Articles of Incorporation

Proposed amendments

Chapter 3 General Meeting of Shareholders

Chapter 3 General Meeting of Shareholders(Chairperson)(Chairperson)

Article 16 The president and representative director

Article 16 A Director previously determined by theshall chair general meetings of shareholders.

Board of Directors shall chair general
meetings of shareholders.
2. In the event that a Director under the

2. In the event that the president andrepresentative director is unable to chair apreceding paragraph is unable to chair ageneral meeting of shareholders due to an

general meeting of shareholders due to an

accident, one of the other directors shallaccident, one of the other directors shallstep in to chair the meeting in accordance

step in to chair the meeting in accordancewith an order previously determined by awith an order previously determined by aresolution of the Board of Directors.

resolution of the Board of Directors.

-4-

(Amended parts are underlined.)
Current Articles of Incorporation

Proposed amendments

Chapter 4 Directors and Board of Directors

Chapter 4 Directors and Board of Directors(Convocation)(Convocation)

Article 24 The Chairman of the Board shall convene

Article 24 A Director previously determined by theand chair the meetings of the Board of

Board of Directors shall convene and chair

Directors.

the meetings of the Board of Directors.
2. In the event that a Director under the

2. In the event of a vacancy of the Chairmanof the Board or he or she is unable topreceding paragraph is unable to convene

convene and chair the meeting due to an

and chair the meeting due to an accident,

accident, the President and Representative

one of the other Directors shall step in to

Director shall step in to chair the meeting,convene and chair the meeting inand in event of an accident the President

accordance with an order previously

and Representative Director, one of thedetermined by a resolution of the Board ofother Directors shall step in to convene andDirectors.

chair the meeting in accordance with anorder previously determined by a resolutionof the Board of Directors.
3.

(Omitted)

3.

-5-(Unchanged)

Proposal 3:

Election of Seven (7) Directors

The terms of office of all seven (7) Directors will expire at the conclusion of this year’s Annual General
Meeting of Shareholders. Accordingly, the election of seven (7) Directors is proposed.
The candidates are as follows:
No.

Name

Positions and Responsibilities

Significant concurrent positions
Director, Mitsubishi Heavy
Industries Forklift, Engine &Turbocharger Holdings, Ltd.

1

Reappointment

HideakiNinomiya

Chairman of the Board

2

Reappointment

TakashiMikogami

PresidentCEO

3

Reappointment

Masanori
Kagami4

Reappointment

Shinji Fujita

5

Reappointment

Takayuki Kato

6

Reappointment

Ken Okochi

7

Newly appointed

Director
Senior Executive Vice President
Assistant to the President
In charge of Strategic Planning
OfficeIn charge of Domestic Sales andMarketing, and Overseas Sales
and Marketing
Director
Senior Executive Officer
Division Head, General
Manager, Product Planning
OfficeHead of Engineering
Headquarters
External Director
Independent Director
External Director
Independent Director

Director
Director
Senior Vice President,
Mitsubishi Heavy Industries,
Ltd.
Head of Business Strategy Office
and Senior General Manager ofCorporate Planning Department,
Mitsubishi Heavy Industries,
Ltd.

Masayuki
Suematsu

-6-

No.

1

Name
(Date of birth)

Brief career summary and important concurrent duties

Number of Special interests
shares owned
with the(Common stock)Company

Apr. 2002 Senior General Manager of Corporate Planning &Administration Division, General Machinery & Special
Vehicles Business Headquarters, Mitsubishi Heavy
Hideaki Ninomiya
Industries, Ltd.
(February 13, 1951) Apr. 2003 Deputy Head of General Machinery & Special Vehicles
Business Headquarters, Mitsubishi Heavy Industries, Ltd.
[Reappointment]
Oct. 2003 President, Mitsubishi Caterpillar Forklift America Inc.
Apr. 2007 Senior Vice President, Mitsubishi Heavy Industries, Ltd.
Apr. 2009 Joined the Company
Advisor, the Company
44,600None
Jun. 2009 Senior Managing Director, the Company
Jun. 2010 Head of Administration Headquarters, the Company
Jun. 2011 President, the Company
Mar. 2016 Director, Mitsubishi Heavy Industries Forklift, Engine& Turbocharger Holdings, Ltd. (to present)
Jan. 2017 Director, UniCarriers Corporation
May 2017 President, UniCarriers Corporation
Oct. 2017 Chairman of the Board, the Company (to present)[Significant concurrent positions]
Director, Mitsubishi Heavy Industries Forklift, Engine &Turbocharger Holdings, Ltd.
[Reason for nomination as Director]
As Chairman of the Board, Mr. Hideaki Ninomiya has chaired and operated the meetings of the Board of Directors
appropriately. In addition, as Chairman of the Nomination compensation advisory committee, he has endeavored to enhance
corporate governance in an effort to improve transparency and fairness with regard to nomination and compensation of
officers. Furthermore, he has provided appropriate advice and management supervision from a broad perspective, based on
his abundant experience and excellent insight as a corporate manager.
For these reasons, we have nominated him again as a candidate for Director.

-7-

No.

2

Name
(Date of birth)

Brief career summary and important concurrent duties

Number of Special interests
shares owned
with the(Common stock)Company

Apr. 2007 General Manager of Turbocharger Engineering
Department, General Machinery & Special Vehicles
Business Headquarters, Mitsubishi Heavy Industries, Ltd.
Apr. 2010 Deputy Head of General Machinery & Special Vehicles
Business Headquarters, Mitsubishi Heavy Industries, Ltd.
Takashi Mikogami Apr. 2011 General Manager of Turbocharger Business Department,(March 19, 1956)
General Machinery & Special Vehicles Business
Headquarters, Mitsubishi Heavy Industries, Ltd.
[Reappointment]
Apr. 2012 Deputy Head of General Machinery & Special Vehicles
Business Headquarters, Mitsubishi Heavy Industries, Ltd.
Apr. 2013 Director, the Company
Senior Vice President, Mitsubishi Heavy Industries, Ltd.
Apr. 2014 Senior General Manager of Quality Control Division,
Deputy Head of the Machinery, Equipment &Infrastructure Domain, Mitsubishi Heavy Industries,
Ltd.
5,200
None
Apr. 2015 Head of Sagamihara Machinery Works, Mitsubishi
Heavy Industries, Ltd.
Apr. 2016 Executive Vice President, Mitsubishi Heavy Industries,
Ltd.
Jun. 2016 Resigned as Director, the Company
Jun. 2016 Senior Executive Vice President, Mitsubishi Heavy
Industries Forklift, Engine & Turbocharger Holdings,
Ltd.
Jan. 2017 Director, UniCarriers Corporation
Jun. 2017 Representative Director, the Company (to present)
Senior Executive Vice President, Assistant to the
President, the Company
Oct. 2017 President, the Company (to present)CEO, the Company (to present)
Director, Mitsubishi Heavy Industries Forklift, Engine &Turbocharger Holdings, Ltd.
[Reason for nomination as Director]
As President, Mr. Takashi Mikogami has overseen overall business execution of the corporate group, fulfilled his
accountability to the Board of Directors, and conducted decision making on important matters and management supervision
appropriately. He has demonstrated strong leadership in an aim to realize the corporate philosophy and achieve the
Mid-Term Management Plan, and has steadily evolved the Company through promoting global management anddevelopment of a highly transparent organization.
For these reasons, we have nominated him again as a candidate for Director.

-8-

No.

3

Name
(Date of birth)

Brief career summary and important concurrent duties

Number of Special interests
shares owned
with the(Common stock)Company

Oct. 2008 Division Head, General Manager of Service Division,
Domestic Service Headquarters, the Company
Jun. 2009 Executive Officer, the Company
Executive Officer, Nichiyu MHI Forklift Co., Ltd.
Deputy Head of Sales and Marketing Headquarters,
Masanori Kagami
Nichiyu MHI Forklift Co., Ltd.
(January 6, 1952)
Jun. 2010 Director, the Company
President and CEO, Nichiyu MHI Forklift Co., Ltd.
[Reappointment]
Apr. 2013 Director, the Company (to present)
Senior Executive Officer, the Company
In charge of Domestic Sales and Marketing
Headquarters, the Company
Head of Domestic Sales and Marketing Headquarters,
the Company
Apr. 2014 Division Head, General Manager of Market
22,900None
Development Division, Domestic Sales and Marketing
Headquarters, the Company
Jul. 2014 Division Head, General Manager of Domestic Customer
Service Division, Domestic Sales and Marketing
Headquarters, the Company
Jun. 2015 Senior Vice President, the Company
Oct. 2017 Senior Executive Vice President, the Company (topresent)
Assistant to the President, the Company (to present)
In charge of Domestic Sales and Marketing, andOverseas Sales and Marketing, the Company (topresent)
Jun. 2018 Chief of PMI Promotion Office, the Company
Apr. 2019 In charge of Strategic Planning Office, the Company (topresent)[Reason for nomination as Director]
As Director, Mr. Masanori Kagami has fulfilled his accountability to the Board of Directors mainly from a management
and business strategy perspective, and conducted decision making on important matters and management supervision
appropriately. With his proven track record of business management in the Company’s business and abundant businessknowledge, he has assisted the President and led the management of the corporate group as Senior Executive Vice President.
For these reasons, we have nominated him again as a candidate for Director.

-9-

No.

4

Name
(Date of birth)

Brief career summary and important concurrent duties

Number of Special interests
shares owned
with the(Common stock)Company

Apr. 2005 Chief of Product Planning Office, Industrial Machinery
Engineering Division, NISSAN MOTOR CO., LTD.
Oct. 2010 General Manager of Product Development Division,
Shinji Fujita
Nissan Forklift Co., Ltd.
(February 14, 1960) Apr. 2013 Vice President, General Manager of Research andDevelopment Division, UniCarriers Corporation[Reappointment]
Oct. 2013 Senior Vice President, UniCarriers Corporation
Jun. 2014 Director, UniCarriers Corporation
Aug. 2014 General Manager of Purchasing Division, UniCarriers
Corporations
1,400
None
Oct. 2015 General Manager of Global R&D Center, Research andDevelopment Division, UniCarriers Corporation
General Manager of R&D Onomichi Center, Researchand Development Division, UniCarriers Corporation
Jun. 2017 Director, the Company (to present)
Oct. 2017 Senior Executive Officer, the Company (to present)
Head of Engineering Headquarters, the Company (topresent)
Feb. 2019 Division Head, General Manager, Product Planning
Office, the Company (to present)[Reason for nomination as Director]
As Director, Mr. Shinji Fujita has fulfilled his accountability to the Board of Directors mainly from a technology andquality perspective, and conducted decision making on important matters and management supervision appropriately. Withhis proven track record and abundant business knowledge in the Company’s technology development, he has led technology
and product development of the Company from a global perspective as Senior Executive Officer.
For these reasons, we have nominated him again as a candidate for Director.

- 10 -

No.

Name(Date of birth)
Takayuki Kato
(June 13, 1946)[Reappointment][External Director][Independent
Director]

5

Brief career summary and important concurrent duties
Apr. 1969 Joined Shimadzu Corporation
Apr. 1996 General Manager of Fluidics Equipment Department,
Shimadzu Corporation
Jun. 1999 Executive Officer, Shimadzu Corporation
Jun. 2001 Director, Shimadzu Corporation
Jun. 2005 Managing Director, Shimadzu Corporation
Jun. 2007 Senior Managing Director, Assistant to President, incharge of Manufacture and Information System,
Shimadzu Corporation
Jun. 2009 Senior Managing Director, in charge of Risk
Management and CS, Senior General Manager of
Production Support Division, Shimadzu Corporation
Jun. 2010 President, Shimadzu System Development Corporation
Jun. 2015 Director, the Company (to present)

Number of Special interests
shares owned
with the(Common stock)Company

1,700

None

[Reason for nomination as External Director]
Based on his abundant experience of business management and excellent insight gained at manufacturers of analyticaland measuring instruments and medical systems, Mr. Takayuki Kato has provided constructive opinions and suggestions on
the general management of the Company from an objective standpoint. In addition, as a member of the Nominationcompensation advisory committee, he has actively participated in deliberation and contributed to improvement oftransparency and fairness with regard to nomination and compensation of officers.
For these reasons, we have nominated him again as a candidate for External Director.
Mr. Takayuki Kato has been the Company’s External Director since June 2015, and will have been in this position for
four years at the conclusion of this year’s Annual General Meeting of Shareholders.

- 11 -

No.

Name(Date of birth)
Ken Okochi(May 23, 1951)[Reappointment][External Director][Independent
Director]

Brief career summary and important concurrent duties
Apr. 1974 Joined Mitsubishi Corporation
Nov. 1984 Assistant to President, Machinery Distribution, Inc. (US)May 1994 Executive Vice President, in charge of Marketing,
Mitsubishi Caterpillar Forklift America Inc.
Apr. 2001 Manager of Rental & Construction Machinery Business
Unit, Mitsubishi Corporation
Oct. 2008 Assistant to Officer, Caterpillar Japan Ltd.
Apr. 2010 General Manager of Overseas Business Department,
AICHI CORPORATION
Jun. 2015 Director, the Company (to present)

Number of Special interests
shares owned
with the(Common stock)Company

900

None

6

[Reason for nomination as External Director]
Based on his abundant experience of business management and excellent insight in overseas business and logistic
equipment business, Mr. Ken Okochi has provided constructive opinions and suggestions on management strategies
particularly from a global perspective. In addition, as a member of the Nomination compensation advisory committee, he
has actively participated in deliberation and contributed to improvement of transparency and fairness with regard tonomination and compensation of officers.
For these reasons, we have nominated him again as a candidate for External Director.
Mr. Ken Okochi has been the Company’s External Director since June 2015, and will have been in this position for four
years at the conclusion of this year’s Annual General Meeting of Shareholders.

- 12 -

No.

7

Name
(Date of birth)

Brief career summary and important concurrent duties

Number of Special interests
shares owned
with the(Common stock)Company

Apr. 1986 Joined Mitsubishi Heavy Industries, Ltd.
May 2001 Controller, Mitsubishi Caterpillar Forklift Europe B.V.
May 2006 Chief of Planning & Administration Department, General
Machinery & Special Vehicles Business Headquarters,
Mitsubishi Heavy Industries, Ltd.
Jan. 2009 Deputy General Manager of Planning & Accounting
Masayuki Suematsu
Department, General Machinery & Special Vehicles(August 25, 1963)
Business Headquarters, Mitsubishi Heavy Industries, Ltd.
Apr. 2011 Deputy General Manager of Planning & Administration
Department, General Machinery & Special Vehicles[Newly appointed]
Business Headquarters, Mitsubishi Heavy Industries,
Ltd.
Jan. 2012 Managing Director, Mitsubishi Agricultural MachineryCo., Ltd.
See Note 10Apr. 2014 Deputy General Manager of Planning & Administration
below.
Department, Business Strategy Division, theMachinery, Equipment & Infrastructure Domain,
Mitsubishi Heavy Industries, Ltd.
Jan. 2016 CEO, President, Mitsubishi Mahindra Agricultural
Machinery Co., Ltd.
Apr. 2019 Senior Vice President, Mitsubishi Heavy Industries,
Ltd. (to present)
Head of Business Strategy Office and Senior General
Manager of Corporate Planning Department, Mitsubishi
Heavy Industries, Ltd. (to present)[Significant concurrent positions]
Senior Vice President, Mitsubishi Heavy Industries, Ltd.
Head of Business Strategy Office and Senior General Manager ofCorporate Planning Department, Mitsubishi Heavy Industries, Ltd.
[Reason for nomination as Director]
After having held the position as CEO, President of Mitsubishi Mahindra Agricultural Machinery Co., Ltd., Mr.
Masayuki Suematsu currently serves as Senior Vice President of Mitsubishi Heavy Industries, Ltd., and possesses abundant
experience of business management and excellent insight. We anticipate that, based on his experience and insight, he will
provide constructive opinions and suggestions on general management and conduct management supervision appropriately.
For these reasons, we have nominated him as a candidate for Director.
(Notes)
1. Mr. Masayuki Suematsu is Senior Vice President, Head of Business Strategy Office and Senior General Manager ofCorporate Planning Department of Mitsubishi Heavy Industries, Ltd. On February 6, 2013, Mitsubishi Heavy
Industries, Ltd. became the parent of the Company by acquiring 49.4% of the voting rights of the Company.
Subsequently, all common stock and Class A stock of the Company held by Mitsubishi Heavy Industries, Ltd. weretransferred effective March 31, 2016, to Mitsubishi Heavy Industries Forklift, Engine & Turbocharger Holdings, Ltd.,
which is a wholly-owned subsidiary of Mitsubishi Heavy Industries, Ltd. Since the same date, Mitsubishi Heavy
Industries Forklift, Engine & Turbocharger Holdings, Ltd. has directly held the shares of the Company while
Mitsubishi Heavy Industries, Ltd. has indirectly held the shares of the Company (currently, holding 50.95% of thevoting rights of the Company). A comprehensive capital and business partnership relationship exists between the
Company and Mitsubishi Heavy Industries, Ltd. in which the Company commissions the production of finishedproducts, parts for finished products and other components to Mitsubishi Heavy Industries, Ltd., and the Company
procures them from Mitsubishi Heavy Industries, Ltd.
2. No special interests exist between each of the candidates and the Company other than the above.
3. Mr. Masayuki Suematsu is currently and has in the past five years been an executive of Mitsubishi Heavy Industries,
Ltd., which is the parent of the Company. Positions and responsibilities which Mr. Masayuki Suematsu holds currently
and has held in the past five years at Mitsubishi Heavy Industries, Ltd. are stated in the above “Brief career summaryand important concurrent duties.”
4. Messrs. Takayuki Kato and Ken Okochi are candidates for External Director.
5. The Company entered into agreements with Messrs. Takayuki Kato and Ken Okochi to limit their liabilities fordamages under Article 423, Paragraph 1 of the Companies Act, and the maximum amount of liabilities under suchagreements was the amount stipulated by laws and regulations. If they are re-elected, the Company plans to renew the- 13 -

6.

7.

same agreements with them.
If the election of Mr. Masayuki Suematsu is approved, the Company plans to enter into an agreement with him to limit
his liabilities for damages under Article 423, Paragraph 1 of the Companies Act, and the maximum amount ofliabilities under the agreement will be the amount stipulated by laws and regulations.
Upon their election as External Directors on June 26, 2015, the Company registered Messrs. Takayuki Kato and Ken
Okochi as Independent Directors with the Tokyo Stock Exchange, Inc.

- 14 -

Proposal 4:

Election of Four (4) Audit and Supervisory Board Members

The terms of office of Audit and Supervisory Board Members Messrs. Hiroshi Maeshima, Masahide
Kuragaki and Yasuyuki Fukuoka will expire at the conclusion of this year’s Annual General Meeting of
Shareholders. In addition, Audit and Supervisory Board Member Mr. Norio Konishi, who is in the middle ofhis term, will retire by resignation at the conclusion of this year’s Annual General Meeting of Shareholders.
Accordingly, the election of four (4) Audit and Supervisory Board Members is proposed.
The consent of the Audit and Supervisory Board has been obtained with regard to this proposal.
The candidates are as follows:
No.
1

2

Name

Positions

Reappointment

Hiroshi
Maeshima

Audit and Supervisory Board
MemberReappointment

Masahide
Kuragaki

3

Reappointment

Yasuyuki
Fukuoka4

Newly appointed

Koji Baba

External Audit andSupervisory Board
MemberExternal Audit andSupervisory Board
MemberIndependent Audit
and Supervisory
Board Member

Significant concurrent positions

Audit and Supervisory Board
MemberManaging Director, GS Yuasa
Corporation
Managing Director, GS Yuasa
International Ltd.

Audit and Supervisory Board
MemberFull-time Corporate Auditor, Dai
Nippon Toryo Co., Ltd.

- 15 -

No.

1

Name
(Date of birth)

Brief career summary and important concurrent duties

Mar. 1970 Joined the Company
Hiroshi Maeshima Jun. 1993 Manager of Planning Office, the Company(November 25, 1951) Jun. 1996 Manager of Overseas Business Preparation Office, theCompany
Jun. 2004 Deputy General Manager of Corporate Planning[Reappointment]
Division, the Company
Jan. 2006 Deputy General Manager of Corporate Planning Office,
the Company
Jun. 2010 General Manager of Internal Control Office,Administration Headquarters, the Company
Oct. 2010 Audit and Supervisory Board Member, Nichiyu MHI
Forklift Co., Ltd.
Jun. 2011 Audit and Supervisory Board Member, the Company(to present)

Number of Special interests
shares owned
with the(Common stock)Company

3,800

None

[Reason for nomination as Audit and Supervisory Board Member]
Mr. Hiroshi Maeshima has held key positions in finance, planning and internal control divisions at the Company, andhas been serving as Audit and Supervisory Board Member since 2011. With his abundant knowledge about business
operations concerning finance and accounting as well as internal control, he has provided opinions and suggestions andconducted audits appropriately with a fair and universal attitude.
For these reasons, we have nominated him again as a candidate for Audit and Supervisory Board Member.

- 16 -

No.

2

Name
(Date of birth)

Brief career summary and important concurrent duties

Number of Special interests
shares owned
with the(Common stock)Company

Apr. 1979 Joined Japan Storage Battery Co., Ltd. (currently GS
Yuasa International Ltd.)
Jul. 2007 Corporate Officer, GS Yuasa Power Supply Ltd.
Masahide Kuragaki(currently GS Yuasa International Ltd.)(March 28, 1955) Apr. 2008 General Manager of Human Resources Division, GS
Yuasa Corporation[Reappointment]
Jun. 2009 Director, GS Yuasa Corporation[External Audit andIn charge of Internal Control, Human Resources, General
Supervisory Board
Affairs and Risk Management, GS Yuasa Corporation (toMember]present)
See Note 1
Director, GS Yuasa Power Supply Ltd. (currently GS
0below.
Yuasa International Ltd.)
General Manager of Human Resources Division, GS
Yuasa Power Supply Ltd.
Jun. 2015 Audit and Supervisory Board Member, the Company(to present)
Jun. 2017 Managing Director, GS Yuasa International Ltd. (topresent)
Jun. 2018 Managing Director, GS Yuasa Corporation (to present)[Significant concurrent positions]Managing Director, GS Yuasa Corporation
Managing Director, GS Yuasa International Ltd.
[Reason for nomination as External Audit and Supervisory Board Member]
As Managing Director of GS Yuasa Corporation, Mr. Masahide Kuragaki has been in charge of its internal control,
human resources, general affairs and risk management. Based on his abundant experience and excellent insight, he has
provided opinions and suggestions and conducted audits appropriately from an objective standpoint as External Audit andSupervisory Board Member.
For these reasons, we have nominated him again as a candidate for External Audit and Supervisory Board Member.
Mr. Masahide Kuragaki has been the Company’s External Audit and Supervisory Board Member since June 2015, andwill have been in this position for four years at the conclusion of this year’s Annual General Meeting of Shareholders.

- 17 -

No.

Name(Date of birth)

Brief career summary and important concurrent duties

Apr. 1984 Joined The Mitsubishi Trust and Banking Corporation(currently Mitsubishi UFJ Trust and Banking
Corporation)
Feb. 2005 General Manager of Okayama Branch, The Mitsubishi
Trust and Banking Corporation[Reappointment][External Audit and Feb. 2007 Seconded to The Bank of Tokyo-Mitsubishi UFJ, Ltd.
(currently MUFG Bank, Ltd.) and Mitsubishi UFJ
Supervisory Board
Financial Group, Inc.
Member][Independent Audit Jun. 2009 Deputy General Manager of Kyoto Branch and Kyoto
Chuo Branch, Mitsubishi UFJ Trust and Banking
and Supervisory
Corporation
Board Member]
Oct. 2011 General Manager of Sendai Branch, Mitsubishi UFJ
Trust and Banking Corporation
Apr. 2013 Associate Director, Mitsubishi UFJ Trust and Banking
Corporation
Jun. 2013 Full-time Corporate Auditor, Dai Nippon Toryo Co.,
Ltd. (to present)
Jun. 2015 Audit and Supervisory Board Member, the Company(to present)[Significant concurrent positions]
Full-time Corporate Auditor, Dai Nippon Toryo Co., Ltd.

Number of Special interests
shares owned
with the(Common stock)Company

Yasuyuki Fukuoka(November 2, 1959)

3300

See Note 2
below.

[Reason for nomination as External Audit and Supervisory Board Member]
After having held the positions as General Manager of branches of Mitsubishi UFJ Trust and Banking Corporation, Mr.
Yasuyuki Fukuoka currently serves as Full-time Corporate Auditor of Dai Nippon Toryo Co., Ltd. Based on his abundant
experience and excellent insight, Mr. Yasuyuki Fukuoka has provided opinions and suggestions and conducted audits
appropriately from an objective standpoint as External Audit and Supervisory Board Member.
For these reasons, we have nominated him again as a candidate for External Audit and Supervisory Board Member.
Mr. Yasuyuki Fukuoka has been the Company’s External Audit and Supervisory Board Member since June 2015, andwill have been in this position for four years at the conclusion of this year’s Annual General Meeting of Shareholders.

- 18 -

No.

4

Name
(Date of birth)

Brief career summary and important concurrent duties

Number of Special interests
shares owned
with the(Common stock)Company

Apr. 1981 Joined The Bank of Tokyo, Ltd. (currently MUFG Bank,
Ltd.)
May
2007
General Manager of Johannesburg Representative Office,Koji Baba
The Bank of Tokyo-Mitsubishi UFJ, Ltd. (currently(August 22, 1957)
MUFG Bank, Ltd.)[Newly appointed] Dec. 2010 Joined the Company
Apr. 2011 General Manager of Business Planning Office, Sales andMarketing Headquarters, the Company
Apr. 2013 Division Head, General Manager of Overseas Business
2,200
None
Planning Division, Overseas Sales and Marketing
Headquarters, the Company
Jun. 2014 Executive Officer, Division Head, General Manager ofOverseas Business Planning Division, Overseas Sales
and Marketing Headquarters, the Company
Oct. 2017 Member of the Executive Team, Deputy Head ofOverseas Sales and Marketing Headquarters and Division
Head, General Manager of Overseas Business Planning
Division, the Company (to present)[Reason for nomination as Audit and Supervisory Board Member]
As Member of the Executive Team, Deputy Head of Overseas Sales and Marketing Headquarters and Division Head,General Manager of Overseas Business Planning Division of the Company, Mr. Koji Baba possesses abundant experienceand knowledge about business operations in overseas business. In addition, he also possesses sufficient knowledge about
finance and accounting, and is the most appropriate person to strengthen auditing of overseas business in the Company,
which promotes global management.
For these reasons, we have nominated him as a candidate for Audit and Supervisory Board Member.
(Notes)
1. Mr. Masahide Kuragaki concurrently serves as Managing Director of GS Yuasa Corporation, and GS Yuasa
International Ltd., which is a subsidiary of GS Yuasa Corporation. The Company purchases raw materials and finishedproducts from GS Yuasa International Ltd.
2. Mr. Yasuyuki Fukuoka is Full-time Corporate Auditor of Dai Nippon Toryo Co., Ltd., and the Company purchases raw
materials and finished products from Dai Nippon Toryo Co., Ltd.
3. No special interests exist between each of the candidates and the Company other than the above.
4. Messrs. Masahide Kuragaki and Yasuyuki Fukuoka are candidates for External Audit and Supervisory Board
Members.
5. The Company entered into agreements with Messrs. Hiroshi Maeshima, Masahide Kuragaki and Yasuyuki Fukuoka tolimit their liabilities for damages under Article 423, Paragraph 1 of the Companies Act, and the maximum amount ofliabilities under such agreements was the amount stipulated by laws and regulations. If they are re-elected, theCompany plans to renew the same agreements with them.
6. If the election of Mr. Koji Baba is approved, the Company plans to enter into an agreement with him to limit his
liabilities for damages under Article 423, Paragraph 1 of the Companies Act, and the maximum amount of liabilities
under the agreement will be the amount stipulated by laws and regulations.
7. Upon his election as External Audit and Supervisory Board Member on June 26, 2015, the Company registered Mr.
Yasuyuki Fukuoka as an Independent Audit and Supervisory Board Member with the Tokyo Stock Exchange, Inc.

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