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
Date of sending by postal mail: September 11, 2023
Start date of measures for electronic provision: September 5, 2023

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 43rd Ordinary General Meeting of Shareholders
We are pleased to announce that the 43rd Ordinary General Meeting of Shareholders of Pan
Pacific International Holdings Corporation (the “Company”) will be held as described below.
When convening this general meeting of shareholders, the Company takes measures for providing
information that constitutes the content of reference documents for the general meeting ofshareholders, etc. (items for which measures for providing information in electronic format are to
be taken) in electronic format, and posts this information on the Company’s website and thewebsite of Tokyo Stock Exchange, Inc. (TSE). Please access either of the websites by using theinternet address shown below to review the information.
The Company’s website:
https://ppih.co.jp/ir/stock/meeting/ (in Japanese)(From the above website, select “Shareholders’ Meeting,” and then “FY2023 (July 1, 2022 - June30, 2023).”)
TSE website:
https://www2.jpx.co.jp/tseHpFront/JJK010010Action.do?Show=Show (in Japanese)(Access the TSE website by using the internet address shown above, enter “Pan PacificInternational Holdings” in “Issue name (company name)” or the Company’s securities code“7532” in “Code,” and click “Search.” Then, click “Basic information” and select “Documents for
public inspection/PR information.” Under “Filed information available for public inspection,”click “Click here for access” under “[Notice of General Shareholders Meeting /Informational
Materials for a General Shareholders Meeting].”)If you are unable to attend the meeting, you may exercise your voting rights via the Internet or inwriting (via postal mail). Please review the attached Reference Documents for the General
Meeting of Shareholders and exercise your voting rights by 6:00 p.m. September 26 (Tuesday),
2023.

1

1.

Date and Time:

September 27 (Wednesday), 2023, 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 43rd Fiscal Term (July 1, 2022 to June 30, 2023)
2.
The Non-Consolidated Financial Statements for the 43rd Fiscal Term (July 1, 2022 toJune 30, 2023)
Matters to be resolved:
Proposal No. 1:
Appropriation of Surplus
Proposal No. 2:
Election of Eight (8) Directors (Excluding Directors Who Are Audit andSupervisory Committee Members)
Proposal No. 3:
Election of One (1) Director Who Is an Audit and Supervisory
Committee Member

 For those attending, please present the Voting Rights Exercise Form to be sent with this notice on attendance to thereceptionist.
 If revisions to the items subject to measures for electronic provision arise, a notice of the revisions and the details of theitems before and after the revisions will be posted on the Company’s aforementioned website and the TSE website.
 For this meeting, the Company will send informational materials for this general meeting of shareholders to allshareholders as usual regardless of whether or not the delivery of paper-based documents has been requested as atransitional measure in light of this being the first general meeting of shareholders after the application of the system forproviding informational materials in electronic format.
 Among the items subject to measures for electronic provision, the following items are not included in the paper-based
documents to be delivered to shareholders pursuant to laws and regulations and Article 15 of the Company’s Articles ofIncorporation.
1) System to Ensure the Properness of Operations and the Operational Status of the System in the Business Report2) Notes to the Consolidated Financial Statements
3) Notes to the Non-Consolidated Financial Statements
Therefore, the Business Report, Consolidated Financial Statements and Non-Consolidated Financial Statements auditedby the Audit and Supervisory Committee for its audit report and the Accounting Auditors for their accounting audit report
include the above items in addition to the contents of the paper-based documents to be delivered to shareholders.
For details on the shareholder special benefit program, please refer to “Guide to Shareholder Special Benefit Program”
enclosed in the “Shareholder Related Materials” to be sent after the General Meeting of Shareholders.

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.
In addition to working to increase its retained earnings, which takes strengthening its corporate
structure and development of future business into consideration, the Company emphasizes stableshareholder returns. The year-end dividend of the 43rd 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: 16 yen per common share of the Company
Total amount: 9,545,488,256 yen(3)Effective date of dividend payment
September 28, 2023

3

Proposal No. 2: Election of Eight (8) 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 eight (8) Directors, lowering thenumber of Directors by one (1) to enable quicker and more flexible decision making.
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

Current position and areas of responsibility in
the Company
President and CEO
Naoki Yoshida
Reelection
Representative Director
Director and Senior Managing Executive
Kenji Sekiguchi Officer
Reelection
Head of GMS BusinessDirector, Senior Managing Executive Officer
Kazuhiro
and CMO (Global)
Reelection
MatsumotoHead of Overseas Business and North America
Business
Director, Managing Executive Officer and CSO
General Manager of Corporation Management
Hideki Moriya
Reelectionand Strategic Headquarters and Head of
Executive Committee
Director, Managing Executive Officer andYuji Ishii
CAO
Reelection
Head of Financial Accounting and Accounting
Director and Executive Officer
Hitomi Ninomiya Head of Diversity Management Committee and Reelection
Head of Design
Name

7

Isao Kubo

Outside Director

Reelection

8

Takao Yasuda

Director (non-standing)Founding Chairman and Supreme Advisor

Reelection

Reelection
Candidates for Directors to be reelected

OutsideCandidates for Outside Directors

4

Independent
Candidates for independent officer

OutsideIndependent

No.

Name
(Date of birth)

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

Graduated from College of Liberal Arts,
International Christian University
Graduated from INSEAD (MBA)
December 1995
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
February 2003of T-ZONE HOLDINGS, INC.
Joined the Company
July 2007
Head of Overseas Business
Headquarters
66,900President of Don Quijote (USA) Co.,
sharesLtd.
September 2012 Director of the Company
Naoki Yoshida
Number ofNovember 2013 Senior Managing Director of the(December 7, 1964)
dilutive
Company
shares held:
Director of Don Quijote Co., Ltd.
December 2013
144,800
Director of Nagasakiya Co., LTD.
shares(current position)
Senior Managing Director and CCO of
July 2015
the Company
Senior Managing Director, CAO andJanuary 2018
Representative Director of theCompany
Director of UNY Co., Ltd. (current
January 2019
position)
September 2019 President, CEO and Representative
Director of the Company (current
position)
President and Representative Directorof Don Quijote 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 ,CEO and
Representative Director, he is promoting a series of new strategies, including management
integration, and organizational reforms to facilitate the delegation of authority and the developmentof the next generation of leaders. In addition, he possesses abundant experience and broad insight inrelation 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.
March 1988

1

Number oftheCompany
shares held

5

No.

Name
(Date of birth)

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

Graduated from College of Economics,
Rikkyo University
Joined the Company
May 1997
Department Director of New Business
June 2006
Promotion Department of the Company
November 2007 Senior Vice President andRepresentative Director of NagasakiyaCo., LTD.
President and Representative Director
April 2013of Nagasakiya Co., LTD.
September 2013 President of MARUKAICORPORATION
53,200November 2017 President and Representative Director
sharesof Nagasakiya Co., LTD.
Director and Managing Executive
Number of
Kenji Sekiguchi
Officer of UNY Co., Ltd.
dilutive(October 20, 1964)
Senior Vice President andshares held:
Representative Director of UD Retail25,000Co., Ltd.
sharesExecutive Officer of the Company
January 2018
President and Representative Director
January 2019of UD Retail Co., Ltd.
President and Representative Director
April 2019of UNY Co., Ltd. (current position)
Director of UD Retail Co., Ltd. (current
position)
September 2019 Director and Managing Executive
Officer of the Company
Director, Senior Managing Executive
July 2021
Officer and Head of GMS Business of
the Company (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.
March 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)

Graduated from Nihon Kogakuin
College
Joined the Company
January 1996
Executive Officer of Don Quijote Co.,
December 2013
Ltd.
Director of Don Quijote Holdings
July 2015
Retail Management Co., Ltd.
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.
Director of Kanemi Co., Ltd.
June 2019
16,300Kazuhiro Matsumoto
Director, Managing Executive Officer
September
2019
shares(November 15, 1973)
and CMO (Global) of the Company
Vice President and COO of Pan Pacific
July 2020
Retail Management (Asia) Pte. Ltd.
(current position)
Director, Senior Managing Executive
July 2021
Officer, CMO (Global) and Head ofOverseas Business of the Company
Director of Don Quijote Co., Ltd.
(current position)
November 2021 President and CEO/Director of Pan
Pacific Retail Management (USA) Co.
(current position)
Director, Senior Managing Executive
October 2022
Officer, CMO (Global) and Head ofOverseas Business and North America
Business of the Company (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.
March 1995

3

Number oftheCompany
shares held

7

No.

Name
(Date of birth)

Career summary andposition and areas of responsibility in the Company(Significant concurrent positions)
Graduated from the Faculty ofCommerce, Chuo University
Joined the Company
General Manager of Chiba Branch,
Sales Headquarters of the Company
Head of Logistics Division of theCompany
Head of Promotion Strategy Division of
the Company
Head of Fair Trade Division of theCompany
Executive Officer of the Company
General Manager of Operation
Management Headquarters of theCompany (current position)
General Manager of Risk Management
Headquarters of the Company

March 2000
July 2007
August 2009
July 2010
December 2010
September 2019
November 2019

Hideki Moriya(September 23, 1977)

Number oftheCompany
shares held

2,200
sharesNumber ofManaging Executive Officer, General
dilutive
Manager of Corporation Management
and Strategic Headquarters and Head of shares held:
8,000
Executive Committee of the Company
sharesGeneral Manager of IT Support
Headquarters of the Company

July 2020

4

Director, Managing Executive Officer,
General Manager of Corporation
Management and Strategic
Headquarters and Head of Executive
Committee of the Company
Director of Don Quijote Co., Ltd.
July 2021(current position)
Director, Managing Executive Officer,
October 2022
CSO ,General Manager of Corporation
Management and Strategic
Headquarters and Head of Executive
Committee of the Company (current
position)(Reasons for nomination as candidate for Director)
Hideki Moriya possesses abundant experience and a performance record during his service mainlyin the Group’s retail division, notably his store operational experience and subsequently, his service
in various top positions related to back office operations, including logistics, sales promotion andtrade management. He is currently in charge of constructing and promoting management strategies
for the Group as a whole. 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 2020

8

No.

Name
(Date of birth)

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

Graduated from the College of
Humanities and Social Sciences, Ibaraki
University
September 2008 Joined the Company
Manager of Financial Accounting
January 2013
Division, Administration Headquartersof Don Quijote Shared Services Co.,Ltd.
Deputy General Manager ofJuly 2015
Administration Headquarters of Don
Quijote Shared Services Co., Ltd.
Director of Don Quijote Holdings
Retail Management Co., Ltd.
2,500
General Manager of Administration
July 2016
sharesHeadquarters of Don Quijote Shared
Services Co., Ltd.
Number of
Yuji Ishii
September 2017 Director of the Company
dilutive(August 17, 1972)
Director of Don Quijote Sharedshares held:
Services Co., Ltd.
12,000General Manager of General
October 2017
shares
Accounting Headquarters of Don
Quijote Shared Services Co., Ltd.
Representative Director of Don Quijote
February 2018
Shared Services Co., Ltd.
President and Representative Director
May 2019
of Pan Pacific Shared Service Co., Ltd.
September 2019 Director and Executive Officer of theCompany
Director, Managing Executive Officer
July 2021
and CAO of the Company (current
position)
Audit and Supervisory Board Memberof Don Quijote Co., Ltd.
(Reasons for nomination as candidate for Director)
Yuji Ishii possesses abundant experience and broad insight in relation to accounting, tax practices
and corporate planning gained primarily by overseeing the accounting and general affairs division,
mainly while working 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 to nominate him as a candidate for Director.
March 1995

5

Number oftheCompany
shares held

9

No.

Name
(Date of birth)

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

Graduated from the Faculty ofEngineering, Chiba University
Joined the Company
General Manager of Space Creation
April 2014
Division of Don Quijote Co., Ltd.
General Manager of Store Solution
July 2018
Management Division of Don Quijote
Co., Ltd.
7,400
Hitomi Ninomiya
November 2019 Manager of Space Design Division ofshares(March 31, 1983)
the Company
November 2020 Executive Officer, Head of Design andHead of Diversity Management
Committee
September 2021 Director, Executive Officer ,Head ofDiversity Management Committee andHead of Design of the Company(current position)(Reasons for nomination as candidate for Director)
Hitomi Ninomiya possesses abundant experience, having managed a broad range of design-related
operations ranging from the exteriors and interiors of stores to merchandise at companies in theGroup. At the same time, she serves as a Head of Diversity Management Committee, whichprimarily promotes women’s participation and advancement in the workplace, and works on
initiatives, such as support for LGBTQ+, promotion of seniors’ and foreigners’ participation andadvancement in the workplace, and promotion of the employment of people with disabilities.
Accordingly, the Company deems that she is an appropriate person for promoting further
improvement in the Group’s corporate value going forward, and has continued to nominate her as a
candidate for Director.
March 2005

6

Number oftheCompany
shares held

10

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
7

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
Vice President and Chief Administrative
Officer of ITOCHU International Inc.
and President & 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 andAssistant General Manager ofCorporate 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.)
11

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

Outside Director of the Company(current position)
Advisor of FamilyMart Co., Ltd.
April 2021
Standing Audit & Supervisory Board
June 2021
Member (outside) of ITOCHU ENEX
CO., LTD. (current position)(Reasons for nomination as candidate for Outside Director and outline of roles expected)
Isao Kubo possesses abundant insight related to corporate management, having engaged incorporate planning and audit-related services for many years at ITOCHU Corporation, and held
important posts such as Managing Executive Officer and General Manager of Internal Audit
Division at that same company and Chief Strategy Officer and General Manager of Corporate
Planning Division of FamilyMart Co., Ltd. The Company expects that through making use of suchabundant experience and broad insight concerning corporate management, he will supervise andgive advice concerning the performance of duties by Directors from an objective standpoint, and has
continued to nominate him as a candidate for Outside Director.
September 2020

12

No.

Name
(Date of birth)

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

Number oftheCompany
shares held

Graduated from the Faculty of Law,
Keio University
September 1980 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 and Representative Director
August 2013of 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–
Founding Chairman and Supreme
July 2015(May 7, 1949)
sharesAdvisor of the Company (current
position)8
Director (Chairman, President andCEO) of Pan Pacific International
Holdings Pte. Ltd. (currently Pan
Pacific Retail Management (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.
Director, Chairman and CEO of Pan
July 2020
Pacific Retail Management (Singapore)
Pte. Ltd.
Chairman of Pan Pacific Retail
March 2023
Management (Asia) 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. Director candidate Ms. Hitomi Ninomiya’s name on her family registry is Hitomi Yasui.
2. If any of the candidates hold dilutive shares (share acquisition rights granted as share-based
compensation stock options and paid-in stock options; however, this excludes the second paid-in
share acquisition rights that were not during the exercise period), the number of shares subject tothe dilutive shares held by each candidate will be notated as “Number of dilutive shares held” inthe “Number of the Company shares held” column.
3. The Company and its subsidiaries receive contribution related to seconded employees from Yasuda
Scholarship Foundation as it has seconded employees to Yasuda Scholarship Foundation, where
Director candidate Mr. Takao Yasuda serves as Chairman. The amount of contribution related toseconded employees was decided to be a reasonable amount of consideration after mutual
consultation based on employee salaries at the Company and its subsidiaries, where the employees
March 197313

are seconded from. There is no special interest between each of the candidates other than above
and the Company.
4. Mr. Isao Kubo is a candidate for Outside Director.
5. Mr. Isao Kubo is currently an Outside Director of the Company, and his term in this position at theconclusion of this General Meeting of Shareholders will be three (3) years.
6. 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.
7. The Company has reported to the Tokyo Stock Exchange that Mr. Isao Kubo has been appointed as
an independent officer as stipulated by the said exchange. The Company plans to continue to report
his independent-officer status to the said exchange should his reelection be approved.
8. The Company has entered into a directors and officers liability insurance policy as set forth in
Article 430-3, paragraph (1) of the Companies Act with an insurance company. The policy covers
the litigation expenses and damages incurred by the insured due to third party lawsuits, shareholder
representative lawsuits, corporate lawsuits, etc. If each candidate is elected and assumes the officeas Director, each candidate will be included in the policy as an insured. When the policy isrenewed, the Company plans to renew the policy with the same details.

14

Proposal No. 3: Election of One (1) Director Who Is an Audit and Supervisory Committee
MemberAt the conclusion of this meeting, of the three (3) Directors who are Audit and Supervisory
Committee Members, the term of office of Jumpei Nishitani will expire. Accordingly, theCompany proposes the election of one (1) Director who is an Audit and Supervisory Committee
Member.
As for this proposal, the Audit and Supervisory Committee of the Company has already given
their consent to this proposal.
The candidate for Director who is an Audit and Supervisory Committee Member is as follows:
Name
Jumpei Nishitani

Position in the Company
Outside Director(Audit and Supervisory Committee Member)

Reelection
Candidates for Directors to be reelected

OutsideCandidates for Outside Directors

Reelection

OutsideIndependent

Independent
Candidates for independent officer

Career summary andNumber of
position and areas of responsibility in the Company
the Company(Significant concurrent positions)shares held
March 1995
Graduated from the Faculty of Economics,
The University of Tokyo
March 1997
Earned a master’s degree from the Facultyof Economics, The University of Tokyo
March 2000
Obtained scores for doctorate degree andresigned from Graduate School of
Economics, The University of Tokyo
April 2000
Assistant Professor, Faculty of Managementand Economics, Aomori Public University
April 2005
Assistant Professor, College of Business
Administration, Ritsumeikan University
Jumpei Nishitani–(December 2, 1971)
sharesAugust 2009
Visiting Fellow, The University of British
Columbia
April 2015
Professor, College of Business
Administration, Ritsumeikan University(current position)
September 2017
Outside Director (Audit and Supervisory
Committee Member) of the Company(current position)
January 2019
Member of the Defense Procurement
Council of the Acquisition, Technology, &Logistics Agency (current position)(Reasons for nomination as candidate for Outside Director who is an Audit and Supervisory Committee
Member and outline of roles expected)
Although Jumpei Nishitani has not been directly involved in corporate management other than as Outside
Director of the Company, he possesses a high level of expertise and broad experience in relation to accounting
and economics gained as a professor of College of Business Administration at a university. The Company
expects that through making use of such insight, he will supervise and give advice concerning the performanceof duties by Directors from an objective standpoint, and again nominates him as a candidate for Outside
Director who is an Audit and Supervisory Committee Member.
(Notes) 1. There is no special interest between Mr. Jumpei Nishitani and the Company.
2. Mr. Jumpei Nishitani is a candidate for Outside Director.
3. Mr. Jumpei Nishitani is currently an Outside Director who is an Audit and Supervisory Committee
Member of the Company, and his term in this position at the conclusion of this General Meeting of
Shareholders will be six (6) years.
4. The Company has entered into a directors and officers liability insurance policy as set forth in
Name(Date of birth)

15

Article 430-3, paragraph (1) of the Companies Act with an insurance company. The policy covers
the litigation expenses and damages incurred by the insured due to third party lawsuits, shareholder
representative lawsuits, corporate lawsuits, etc. If Mr. Jumpei Nishitani is elected and assumes theoffice as Director, he will be included in the policy as an insured. When the policy is renewed, theCompany plans to renew the policy with the same details.
5. The Company has reported to the Tokyo Stock Exchange that Mr. Jumpei Nishitani has been
appointed as an independent officer as stipulated by the said exchange. The Company plans tocontinue to report his independent-officer status to the said exchange should his reelection beapproved.

16

(Reference) Skill Matrix for the Board of Directors After the General Meeting of Shareholders

Position

Name

Management

Sales/
Merchandise/Marketing

Legal affairs/
Compliance/
Risk
Management

Treasury/
Accounting/
Finance

Globalexperience

Human
resource
management

ESG/
Diversity

●

●

●

●

●

President and CEO,
Representative Director

Naoki
Yoshida●●Director and Senior
Managing Executive
Officer

Kenji
Sekiguchi

●

●

●

●

●

Director, Senior
Managing Executive
Officer and CMO(Global)Kazuhiro
Matsumoto

●

●

●

●

●

Director, Managing
Executive Officer and
CSO

HidekiMoriya●●Director, Managing
Executive Officer and
CAO

Yuji Ishii●

Director and Executive
Officer

HitomiNinomiya●●

Outside Director

Isao Kubo

●

●

●

●

●

●

Director (non-standing)

Takao
Yasuda

●

●

●

●

●

●

●

Outside Director(Audit and Supervisory
Committee Member)Yasunori
Yoshimura

●

●

●

●

Outside Director(Audit and Supervisory
Committee Member)

Jumpei
Nishitani●●

Outside Director(Audit and Supervisory
Committee Member)

Masaharu
Kamo●(Notes)

●

●

●

●

●

●

●

●

●

●

●

●

●

●

●

●

●

1. The above chart will be the skill matrix of the Board of Directors if the candidates proposed in this notice areelected as proposed.
2. The matters marked with ● in the chart do not indicate all of the experience and knowledge possessed byeach Director.

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