[Translation]

This document has been translated from the Japanese original for the convenience of non-Japaneseshareholders.
In the event of any discrepancy between this document and the Japanese original, the original shall prevail.

Securities code: 9069
June 8, 2021
To our shareholders:
Yasuhisa Fukuda
President and Representative Director
SENKO Group Holdings Co., Ltd.
8-10, Shiomi 2-chome, Koto-ku, TokyoNOTICE OF CONVOCATION OF
THE 104th ANNUAL MEETING OF SHAREHOLDERS
We are pleased to announce the 104th Annual Meeting of Shareholders of SENKO Group
Holdings Co., Ltd. (the “Company”) on June 25, 2021, which will be held as describedhereunder.
Instead of attending the Meeting in person, you may exercise your voting rights by postal
mail or via the Internet. Please review the attached Reference Documents for the Annual
Meeting of Shareholders and exercise your voting rights by either of the following methodsby 6:15 p.m., Thursday, June 24, 2021 (Japan Standard Time).
[Voting by postal mail]Please indicate your approval or disapproval of the proposals on the enclosed voting form, andreturn it by postal mail to reach us by the above deadline.
[Voting via the Internet]
Please access the website for exercising voting rights designated by the Company(https://evote.tr.mufg.jp/), which is in Japanese only, and indicate your approval or disapprovalof the proposals by the above deadline.
Meeting Details
1. Date and Time:

Friday, June 25, 2021 at 10:00 a.m. (Japan Standard Time)

2. Venue:

1-30, Oyodonaka 1-chome, Kita-ku, Osaka
Umeda Sky Bldg., Tower West, F3 Stella Hall

3. Purposes:
Items to be reported:
1. Reports on the Business Report, Consolidated Financial Statements for the 104th
fiscal year from April 1, 2020 to March 31, 2021 and Reports of Audit on theConsolidated Financial Statements by Financial Auditor and the Board of
Corporate Auditors
2. Reports on the Non-Consolidated Financial Statements for the 104th fiscal year
(from April 1, 2020 to March 31, 2021)-1-

[Translation]

Items to be resolved:
Appropriation of Surplus
Proposal 1:
Election of Eleven (11) Directors
Proposal 2:
Election of Three (3) Corporate Auditors
Proposal 3:
4. Other matters concerning the Meeting:
Included in the documents to our shareholders that should be provided by the Company
when providing this Notice of Convocation are the notes to consolidated financial statements(Japanese only) and the notes to non-consolidated financial statements (Japanese only). As
provided for by laws and regulations and Article 16 of the Company’s Articles ofIncorporation, these documents are posted on the Company’s website(https://www.senkogrouphd.co.jp/ir/stock_info/general_meeting/) and are not included asaccompanying material to this document.
As a result, the accompanying material to this document includes one part of the materials
that are the target of the audit by the Financial Auditor and the Corporate Auditors.

<About electronic voting platforms>
Trust banks and other nominee shareholders (including standing proxies) who have applied in advance to
use the electronic voting platform operated by ICJ, Inc. (a joint-venture company established by Tokyo
Stock Exchange, Inc. and others) may use this platform to electronically exercise voting rights for theCompany’s Annual Meeting of Shareholders.

-2-[Translation]

Reference Documents for the Annual Meeting of Shareholders
Proposal 1:

Appropriation of Surplus

The Company aims to enhance the return of profit to its shareholders and maintains a basic
policy regarding the distribution of profit to pay dividends, taking into account, in addition tostable dividends, performance-linked dividends. In addition, it is necessary to secure sufficientinternal reserves for future business development and putting the Company on a firmer footing.
In accordance with those views, the Company proposes to appropriate surplus for this fiscal
year as follows:1.

Matters concerning year-end dividend
In view of the Company’s performance in this fiscal year, the Company proposes to pay 15
yen per share as the year-end dividend. Combined with interim dividend of 13 yen per
share, this brings the annual dividend to 28 yen per share.

2.

(1)

Type of dividend assets
Cash

(2)

Allocation and total amount of the dividend assets
15 yen per share of the Company’s common stock
Total amount of dividends: 2,233,180,845 yen(3)Effective date of dividend payment
June 28, 2021

Other matters relating to the appropriation of surplus
(1)
(2)
(3)

Item and amount of reduction in surplus:
General reserve

3,300,000,000 yen

Item and amount of increase in surplus:
Retained earnings carried forward

3,300,000,000 yen

Reason for such action:
To enable the achievement of flexible capital management policies that respond tochanges in the business environment in the future, such as providing return toshareholders.

-3-[Translation]

Proposal 2:
Election of Eleven (11) Directors
At the conclusion of this Annual Meeting of Shareholders, the terms of office of all the eleven(11) Directors will expire. Accordingly, the Company proposes the election of eleven (11)Directors including four (4) Outside Directors.
The candidates for the Directors are as follows:
No.

Name
(Date of birth)

Yasuhisa Fukuda(August 23, 1946)
1

Career summary, positions and areas of responsibility in the Company,
and important concurrent positions
April 1969

Joined SENKO Co., Ltd.

June 1993

Director, SENKO Co., Ltd.

June 1997

Managing Director, SENKO Co., Ltd.

June 2003

Director, Vice President, SENKO Co., Ltd.

June 2004

President and Representative Director, SENKO Co., Ltd.
(present)

April 2009

General Manager of Production Management HQ,
SENKO Co., Ltd.

April 2017

Responsible for Logistics (present), General Manager ofBusiness Support Promotion HQ, SENKO Group
Holdings Co., Ltd.

October 2017

Responsible for International Business, SENKO Group
Holdings Co., Ltd.

April 2021

General Manager of Strategic Planning Office, SENKOGroup Holdings Co., Ltd. (present)

Number of theCompany’s
shares held

216,900(Important concurrent positions held in other organizations)
President and Representative Director, SENKO Co., Ltd.
Representative Director, Chairman, Zenkoku Tsuun Co., Ltd.
[Reasons for nomination as the candidate for Director]
Mr. Fukuda has served as the Company’s Representative Director for many years, directing the management of the
SENKO Group as a whole and contributing to the expansion of business fields. We can expect him to use hisaccumulated experience and performance as a manager and his wealth of insight into the industry in general, andprovide strong leadership to continue to play an ample role in further growth of the SENKO Group and increasing
corporate value. We have therefore nominated him as a candidate to continue serving as a Director.

Noburoh Sasaki(March 12, 1957)

April 1979

Joined SENKO Co., Ltd.

April 2005

Senior Manager of Public Relations Dept., SENKO Co.,Ltd.

April 2007

General Manager of President Office, SENKO Co., Ltd.

April 2009

Executive Officer, Responsible for PR, SENKO Co., Ltd.

April 2015

Managing Executive Officer, SENKO Co., Ltd. (present)

June 2015

Director, SENKO Co., Ltd. (present)

April 2017

Responsible for PR & IR, SENKO Group Holdings Co.,Ltd.

239,700November 2017 Responsible for Real Estate Business, SENKO Group
Holdings Co., Ltd.
April 2019

General Manager of Business Support Promotion HQ,
SENKO Group Holdings Co., Ltd. (present)[Reasons for nomination as the candidate for Director]
Mr. Sasaki has served as the officer responsible for PR & IR and the real estate business since his appointment as
Director and has a wealth of experience and wide-ranging insight. We can expect him to play an ample role in increasing
the corporate value of the Company, contributing to the SENKO Group’s growth through future expansion of theBusiness Support business, etc. We have therefore nominated him as a candidate to continue serving as a Director.

-4-[Translation]

No.

Name
(Date of birth)

Kenichi Shiraki(November 8, 1952)
3

Career summary, positions and areas of responsibility in the Company,
and important concurrent positions
April 1975

Joined SENKO Co., Ltd.

April 1998

Senior Manager responsible for Sales Development,
Osaka Sales Supervision Dept., SENKO Co., Ltd.

April 2004

Senior Manager of Production Management Dept.,
SENKO Co., Ltd.

April 2005

Senior Manager of Chemical Logistics Sales Dept. I,
Sales HQ I, SENKO Co., Ltd.

April 2007

Branch Manager of Nagoya Supervising Branch, Senior
Manager of Sales Div. for Chubu Region, Logistics Sales
HQ, SENKO Co., Ltd.

April 2009

Executive Officer, SENKO Co., Ltd.

April 2011

General Manager of Housing Logistics Sales HQ,
SENKO Co., Ltd.

April 2014

Managing Executive Officer, SENKO Co., Ltd. (present)

April 2016

General Manager of Living Support Business Promotion
HQ, SENKO Co., Ltd. (present)

June 2017

Director, SENKO Group Holdings Co., Ltd. (present)

Number of theCompany’s
shares held

41,600(Important concurrent positions held in other organizations)
Chairman, TERAUCHI CO., LTD.
[Reasons for nomination as the candidate for Director]
Mr. Shiraki has been working mainly in sales of the core logistics business since he joined the Company. In addition,
he has been contributing to the expansion of the Living Support Business since 2016. We can expect him to play anample role in increasing the corporate value of the Company by promoting further growth of the Living Support
Business in future. We have therefore nominated him as a candidate to continue serving as a Director.
April 1972

Joined SENKO Co., Ltd.

April 1994

Branch Manager of Tokyo Minami Branch, SENKO Co.,Ltd.

November 1998 Branch Manager of Kashiwa Branch, SENKO Co., Ltd.

Kazuhiro Yamanaka(November 1, 1949)

April 2005

Executive Officer, Responsible for Hokkaido and Tohoku
area, SENKO Co., Ltd.

April 2009Managing Executive Officer, Deputy General Manager of
Production Management HQ, SENKO Co., Ltd.

April 2011

Branch Manager of Kanto Supervising Branch, SENKO
Co., Ltd.

June 2011

Director, SENKO Co., Ltd.

April 2014

Senior Managing Executive Officer, Responsible for
Chugoku, Shikoku and Kyushu area, Responsible forConstructing West Japan Logistics Network, SENKO
Co., Ltd.

June 2017

Director (present), Responsible for Refrigerated &Frozen Logistics, SENKO Group Holdings Co., Ltd.
(present)

464,807(Important concurrent positions held in other organizations)
President and Representative Director, Runtec Corporation[Reasons for nomination as the candidate for Director]
Mr. Yamanaka has worked for many years in the logistics business division since he joined the Company and has awealth of experience and specialist knowledge in the logistic business field. He has been contributing to the expansionof the refrigerated and frozen logistics business as the President and Representative Director of Runtec Corporation
since April 2016. We can expect him to play an ample role in increasing the corporate value of the Company bypromoting further growth of the refrigerated and frozen logistics business in future. We have therefore nominated him
as a candidate to continue serving as a Director.

-5-[Translation]

No.

Name
(Date of birth)

Hiroshi Yoneji(September 8, 1953)

Career summary, positions and areas of responsibility in the Company,
and important concurrent positions
April 1978

Joined SENKO Co., Ltd.

April 2001

Senior Manager of Human Resources Dept., SENKO
Co., Ltd.

April 2007

Deputy General Manager of Logistics Sales HQ, SENKO
Co., Ltd.

April 2009

Executive Officer, SENKO Co., Ltd.

April 2013

Managing Executive Officer, Responsible for 3PL
Business, General Manager of Logistics Sales HQ,
SENKO Co., Ltd.

June 2013

Director, SENKO Co., Ltd.

April 2015

Senior Managing Executive Officer, Responsible for
Business Administration and Business Strategy,
Responsible for Safety, Quality and Environment,
SENKO Co., Ltd.

June 2019

Director (present), Responsible for Trading &Commerce, SENKO Group Holdings Co., Ltd.

April 2020

Responsible for Commerce, SENKO Group Holdings
Co., Ltd. (present)

5

Number of theCompany’s
shares held

78,632(Important concurrent positions held in other organizations)
President and Representative Director, SENKO SHOJI CO., LTD.
[Reasons for nomination as the candidate for Director]
Mr. Yoneji has been working mainly in the sales division in the logistics business field since he joined the Company,and has a wealth of experience and specialist knowledge in sales activities. In addition, he has been leading the tradingbusiness field of the SENKO Group as President and Representative Director of SENKO SHOJI CO., LTD., sinceApril 2017. We can expect him to continue to play an ample role in increasing the corporate value of the Company,
based on his achievements and so forth. We have therefore nominated him as a candidate to continue serving as a
Director.

Akira Taniguchi(October 2, 1953)

April 1977

Joined SENKO Co., Ltd.

April 2003

Senior Manager of Marine Logistics Dept., SENKO Co.,Ltd.

April 2009

Executive Officer, SENKO Co., Ltd.

April 2014

Managing Executive Officer, Responsible for Marine
Logistics and Forwarding, SENKO Co., Ltd.

April 2015

General Manager of Production Management HQ,
SENKO Co., Ltd.

June 2015

Director, SENKO Co., Ltd.

April 2017

Director, Executive Vice President, Responsible forMarine Logistics and Forwarding, Responsible for
Safety, Quality and Environment, SENKO Co., Ltd.

June 2019

Director (present), Responsible for Marine Logistics(present), SENKO Group Holdings Co., Ltd.

6

50,100(Important concurrent positions held in other organizations)
Director, Chairman, Senko Line Co., Ltd.
Director, Chairman, NIPPON MARINE CO., LTD.
[Reasons for nomination as the candidate for Director]
Mr. Taniguchi has been working in the marine logistics business field since he joined the Company and has a wealthof experience and specialist knowledge. We can expect him to play an ample role in increasing the corporate value of
the Company, contributing to the further growth of the SENKO Group’s marine logistics business, based on his
experience and so forth. We have therefore nominated him as a candidate to continue serving as a Director.

-6-

[Translation]

No.

Name
(Date of birth)

Toshio Takanashi(October 20, 1954)*
7

Career summary, positions and areas of responsibility in the Company,
and important concurrent positions
April 1977

Joined Asahi Chemical Industry Co., Ltd. (now Asahi
Kasei Corp.)

April 2012

President & Representative Director, Asahi Kasei Fibers
Corp.

April 2015

Director, Asahi Kasei Chemicals Corp.

April 2016

Primary Executive Officer, President of Fibers & Textiles
SBU, Asahi Kasei Corp.

April 2017

Representative Director (present), Executive Vice
President (present), Responsible for AEO (present),
Responsible for International Business HQ.
(present), SENKO Co., Ltd.

June 2020

Outside Director ATSUGI CO., LTD. (present)

April 2021

Responsible for Russia & Central Asia Region Sec.,SENKO Co., Ltd. (present)

Number of theCompany’s
shares held

32,200(Important concurrent positions held in other organizations)Executive Vice President and Representative Director, SENKO Co., Ltd.
Outside Director, ATSUGI CO., LTD.
[Reasons for nomination as the candidate for Director]
Mr. Takanashi was appointed Executive Vice President and Representative Director of SENKO Co., Ltd. in April 2017and has mainly contributed to the development of the international logistics business field. We can expect him to play
an ample role in increasing the corporate value of the Company by promoting overseas development as the person
responsible for SENKO Group’s international business. We have therefore nominated him as a candidate for a new
Director.

Hiroko Ameno(August 10, 1971)
8

April 2005

Associate Professor, Department of Commerce at Seinan
Gakuin University

April 2007

Associate Professor, Faculty of Commerce at Kansai
University

June 2011

Director, SENKO Co., Ltd. (present)

April 2012

Professor, Faculty of Commerce at Kansai University(present)

June 2020

Outside Director, DAIHATSU DIESEL MFG. CO., LTD(present)

December 2020

Board of Education Member, Suita City Board of
Education (present)

1,500(Important concurrent positions held in other organizations)
Professor, Faculty of Commerce at Kansai University
Outside Director, DAIHATSU DIESEL MFG. CO., LTD
Board of Education Member, Suita City Board of Education[Reasons for nomination as the candidate for Outside Director and outline of expected roles]
Ms. Ameno has specialist knowledge and experience as a university professor. Therefore, we have nominated her as a
candidate to continue serving as an Outside Director so that this can be utilized in the Company’s management. We
can expect her to play an ample role in advising and supervising business operations by providing objective and expert
opinions, utilizing her insight as a university professor.

-7-

[Translation]

No.

Name
(Date of birth)

Career summary, positions and areas of responsibility in the Company,
and important concurrent positions
April 1978

Joined Mitsubishi Corporation

April 2009

Senior Vice President, Mitsubishi Corporation

April 2013

Executive Vice President, Mitsubishi Corporation
Director, President, Mitsubishi Corporation (Americas)

April 2016
Yasuyuki Sugiura(September 25, 1953) June 20179

Advisor, Mitsubishi Corporation (present)
Managing Director, Toyo Bunko (The Oriental Library)(present)
Director, SENKO Group Holdings Co., Ltd. (present)

Number of theCompany’s
shares held

3,000

(Important concurrent positions held in other organizations)
Advisor, Mitsubishi Corporation
Managing Director, Toyo Bunko (The Oriental Library)[Reasons for nomination as the candidate for Outside Director and outline of expected roles]
Mr. Sugiura has a wealth of experience and achievements in the trading, finance and international fields, as well as
wide-ranging knowledge and insight. Therefore, we have nominated him as a candidate to continue serving as an
Outside Director so that these can be utilized in the Company’s management. We can expect him to play an ample rolein advising and supervising business operations by providing opinions from objective and diverse perspectives,
utilizing his wealth of knowledge on management.

Yoko Araki(July 4, 1957)

10

April 1982

Joined Internal Medicine Class, Keio University Schoolof Medicine

January 1992

Studied abroad at University of California San Francisco

April 2002

Director, Tokyo Health Management Center, NTT East
Metropolitan Area Health Management Center

April 2006

Director, Araki Occupational Health Consultancy(present)

4,400

September 2008 Specially-Appointed Professor, Support Office forFemale Researchers, Tokyo Medical and Dental
University
June 2019

Director, SENKO Group Holdings Co., Ltd. (present)(Important concurrent positions held in other organizations)
Director, Araki Occupational Health Consultancy[Reasons for nomination as the candidate for Outside Director and outline of expected roles]
Ms. Araki has specialist knowledge and experience as a medical doctor as well as insight regarding the promotion ofhealth and so forth. Therefore, we have nominated her as a candidate to continue serving as an Outside Director so thatthese can be utilized in the Company’s management. We can expect her to play an ample role in advising andsupervising business operations by providing advice on the Company’s health management and work-style reform
based on her knowledge of health promotion in particular, while also providing opinions from an objective and expert
perspective.

-8-

[Translation]

No.

Name
(Date of birth)

Career summary, positions and areas of responsibility in the Company,
and important concurrent positions
August 1992

Number of theCompany’s
shares held

Bronze medal in solo and duet synchronized swimming,
Barcelona Olympics

September 1994 Silver medal in solo and duet synchronized swimming,bronze medal as a team, World Championships in Rome

Fumiko Okuno(April 14, 1972)*
11

January 1995

Retired from professional swimming, Sportscommentator (present)

April 2012

Member, Central Council for Education, Ministry of
Education, Culture, Sports, Science and Technology

April 2014

Athlete Committee Member, Japan Swimming
Federation (present)

April 2015

Visiting Professor, Biwako Seikei Sport College (present)

June 2020

Committee Member, Kyoto City Board of Education(present)

April 2021

Visiting Professor, Osaka University of Economics(present)

0(Important concurrent positions held in other organizations)Sports commentator
Athlete Committee Member, Japan Swimming Federation
Visiting Professor, Biwako Seikei Sport College
Committee Member, Kyoto City Board of Education
Visiting Professor, Osaka University of Economics[Reasons for nomination as the candidate for Outside Director and outline of expected roles]
Ms. Okuno has a wealth of experience and wide-ranging knowledge from her career as a top athlete, as well as having
worked as a sports commentator and visiting professor, etc. Therefore, we have nominated her as a new candidate asan Outside Director so that her insights can be utilized in the Company’s management. We can expect her to play anample role in advising and supervising business operations by providing opinions from objective and diverse
perspectives while also providing advice on the Company’s health management, cultural and sporting activities.
Notes:

1. New candidates are marked with an asterisk (*).
2. There are no special interests between any of the candidates and the Company.
3. Ms. Hiroko Ameno, Mr. Yasuyuki Sugiura, Ms. Yoko Araki and Ms. Fumiko Okuno are candidates for
Outside Directors.
4. Ms. Hiroko Ameno is a current Outside Director of the Company, and her term of office as an Outside
Director will be ten (10) years at the conclusion of this Annual Meeting of Shareholders.
5. Mr. Yasuyuki Sugiura is a current Outside Director of the Company, and his term of office as an Outside
Director will be four (4) years at the conclusion of this Annual Meeting of Shareholders.
6. Ms. Yoko Araki is a current Outside Director of the Company, and her term of office as an Outside
Director will be two (2) years at the conclusion of this Annual Meeting of Shareholders.
7. Ms. Fumiko Okuno’s name in her family register is Fumiko Asahara.
8. The Company has entered into a directors and officers liability insurance policy with an insurancecompany with all Directors as insureds. The policy covers losses that may arise from Directors, who are
the insureds, assuming responsibility for the execution of their duties or receiving claims related to the
pursuit of such responsibility. If each candidate is elected a Director, such candidate will become an
insured under this policy, and the Company plans to renew the insurance policy during their terms ofoffice.
9. The Company has entered into a limited liability agreement with Ms. Hiroko Ameno, Mr. Yasuyuki
Sugiura and Ms. Yoko Araki. The purpose of this agreement is to limit liability as provided for in Article
423, paragraph (1) of the Companies Act. The maximum liability amount shall be the amount stipulated inapplicable laws and regulations. If the reelection of them is approved, the Company will continue the said
agreements. If the election of Ms. Fumiko Okuno is approved, the Company plans to enter into the limited
liability agreement with her.
10. The Company has submitted an Independent Officer Notification Form to register Ms. Hiroko Ameno, Mr.
Yasuyuki Sugiura and Ms. Yoko Araki as Independent Officers at Tokyo Stock Exchange, Inc. If the
proposal of reelection is approved, the Company will notify them as Independent Officers, continuously.
Furthermore, if the election of Ms. Fumiko Okuno is approved, the Company will submit an Independent
Officer Notification Form to register her as Independent Officer at Tokyo Stock Exchange, Inc.

-9-

[Translation]

Proposal 3:
Election of Three (3) Corporate Auditors
The term of office of Corporate Auditors Mr. Masami Washida and Mr. Kanji Yasumitsu will
expire and Corporate Auditor Mr. Keiji Matsubara will resign at the conclusion of this Annual
Meeting of Shareholders. Accordingly, the Company proposes the election of three (3)Corporate Auditors.
With respect to this proposal, the Company has obtained the consent of the Board of Corporate
Auditors.
The candidates for the Corporate Auditors are as follows:
No.

Name
(Date of birth)

Masami Washida(November 27, 1956)

Career summary, positions in the Company,
and important concurrent positions
April 1980

Joined SENKO Co., Ltd.

April 2008

General Manager of General Affairs Department,
SENKO Co., Ltd.

April 2012

General Manager of Safety and Environmental Control,
SENKO Co., Ltd.

April 2017

Responsible for Special Appointee, SENKO Group
Holdings Co., Ltd.

June 2017

Corporate Auditor, SENKO Group Holdings Co., Ltd.
(present)1

Number of theCompany’s
shares held

20,200[Reasons for nomination as the candidate for Corporate Auditor]
Mr. Washida has been responsible for administrative areas mainly in the general affairs and legal divisions since hejoined the Company and has a wealth of experience and specialist knowledge in administrative areas. In light of such
experience as well his achievements as a Corporate Auditor of the Company, we believe he will appropriately fulfill
his duties as a Corporate Auditor and nominate him as a candidate to continue serving as a Corporate Auditor.
April 1982

Joined SENKO Co., Ltd.

April 2006

Senior Manager of Accounting Dept., SENKO Co., Ltd.

April 2014

Deputy General Manager of International Business HQ,
Senior Manager of International Multimodal Transport
Business Dept., SENKO Co., Ltd.

April 2015
Masanobu Uenaka
April 2017
(November 23, 1959)
2

Executive Officer, SENKO Co., Ltd.
Managing Executive Officer, Responsible for Strategic
Planning, General Manager of Strategic
Planning Office, SENKO Group Holdings Co., Ltd.

June 2017

Director, SENKO Group Holdings Co., Ltd. (present)

April 2019

Responsible for Finance, SENKO Group Holdings Co.,Ltd.

April 2020

General Manager of Finance and Accounting HQ,
SENKO Group Holdings Co., Ltd.

41,400[Reasons for nomination as the candidate for Corporate Auditor]
Mr. Uenaka has been working mainly in the accounting division and has a wealth of experience and specialist
knowledge in business administration and financial affairs since he joined the Company. In light of such experience aswell as his achievements, etc., we believe he will appropriately fulfill his duties as a Corporate Auditor and nominate
him as a new candidate as a Corporate Auditor.

- 10 -

[Translation]

No.

Name
(Date of birth)

Career summary, positions in the Company,
and important concurrent positions

Number of theCompany’s
shares held

November 1978 Joined Kinki Daiichi Audit Corporation

Yoshiro Okano(February 11, 1955)
3

August 1982

Registered as Certified Public Accountant

June 1986

Partner, Kinki Daiichi Audit Corporation

September 2002 Representative Partner, Kinki Daiichi Audit Corporation
February 2005

Registered as Certified Public Tax Accountant

July 2020

Partner, ARK LLC (present)

0(Important concurrent positions held in other organizations)
Partner, ARK LLC[Reasons for nomination as the candidate for Outside Corporate Auditor]
Mr. Okano has a wealth of experience and achievements as well as specialist knowledge and insights as a certified
public accountant and certified public tax accountant. We believe he will appropriately fulfill his duties as a Corporate
Auditor from an independent standpoint based on such experience and so forth and nominate him as a new candidate
as a Corporate Auditor.
Notes:

1. Mr. Masanobu Uenaka and Mr. Yoshiro Okano are new candidates for Corporate Auditor.
2. There are no special interests between any of the candidates and the Company.
3. Mr. Yoshiro Okano is a candidate for Outside Corporate Auditor.
4. The Company has entered into a directors and officers liability insurance policy with aninsurance company with all Corporate Auditors as insureds. The policy covers losses that may
arise from Corporate Auditors, who are the insureds, assuming responsibility for the execution of
their duties or receiving claims related to the pursuit of such responsibility. If each candidate iselected a Corporate Auditor, such candidate will become an insured under this policy, and theCompany plans to renew the insurance policy during their terms of office.
5. If Mr. Yoshiro Okano is elected, the Company plans to enter into an agreement with him to limit
his liability for damages as stipulated in Article 423, paragraph (1) of the Companies Act to theminimum amount stipulated in applicable laws and regulations.
6. If the election of Mr. Yoshiro Okano as Outside Corporate Auditor is approved, the Company
will submit an Independent Officer Notification Form to register him as Independent Officer at
Tokyo Stock Exchange, Inc.

- 11 -