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

Securities code: 9037
May 29, 2020
To our shareholders:Hidenori Osuka
Representative Director and President
HAMAKYOREX CO., LTD.
1701-1 Terawaki-cho, Minami-ku, Hamamatsu-shi,
Shizuoka

Notice of the 49th Annual General Meeting of Shareholders
We would like to express our appreciation for your continued support and patronage.
You are cordially invited to attend the 49th Annual General Meeting of Shareholders of HAMAKYOREX CO.,LTD. (the “Company”), which will be held as indicated below.
If you are unable to attend the meeting in person, you can exercise your voting rights in writing or by the Internet,etc. Please review the attached Reference Documents for General Meeting of Shareholders, and exercise yourvoting rights in accordance with “Instructions for Exercise of Voting Rights” (Japanese Only).
1. Date and Time: Tuesday, June 16, 2020, 10:30 a.m.
2. Venue:“Ootori” Hall, 2F, Grand Hotel Hamamatsu
1-3-1 Higashiiba, Naka-ku, Hamamatsu-shi, Shizuoka
3. Purpose of the Meeting
Matters to be reported:
1. The Business Report and the Consolidated Financial Statements for the 49th fiscal year (from April 1, 2019
to March 31, 2020), and the results of audits of the Consolidated Financial Statements by the Financial
Auditor and the Audit & Supervisory Board
2. The Non-Consolidated Financial Statements for the 49th fiscal year (from April 1, 2019 to March 31,2020)
Matters to be resolved:
Proposal No. 1
Election of Ten (10) Directors
Proposal No. 2
Election of One (1) Audit & Supervisory Board Member
4. Matters Determined Relating to Convocation
Prior notice before exercising your vote right diversely
Shareholders are respectfully requested to notify the Company in writing of any diverse exercising of voting
rights and the reason therefore not later than three days before the general meeting of shareholders.

-1-1. If attending in person, please submit the enclosed voting form at the meeting reception desk.
2. Of the documents attached to this Notice of the Annual General Meeting of Shareholders, the following
materials have been made available for viewing online on our website in accordance with the relevant laws andregulations, and the stipulations of the Company’s Articles of Incorporation.
(1) Company system and policy(2) Consolidated Statement of changes in Equity(3) Notes to Consolidated Financial Statements(4) Statement of changes in equity(5) Notes to Financial Statements
3. The Consolidated and Non-Consolidated Financial Statements prepared by Audit & Supervisory Board
Member and Financial Auditor include materials contained in attachments provided with this Notice of theAnnual General Meeting of Shareholders, and notes to Consolidated Financial Statements and notes toFinancial Statements published on the Company’s website.
4. Note that if there are any modifications in the Reference Documents for General Meeting of Shareholders,Business Report, the Consolidated Financial Statements, or the Non-Consolidated Financial Statements, they
will be posted on our website (http://www.hamakyorex.co.jp/).

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Reference Documents for General Meeting of Shareholders
Proposals and Reference Information
Proposal No. 1
Election of Ten (10) Directors
The terms of office of all nine Directors will expire at the conclusion of this annual general meeting of shareholders.
Therefore, the Company proposes the election of ten Directors.
The candidates for Director are as follows:
CandidateNo.

Name(Date of birth)

Career summary, position and responsibility in the Company,and significant concurrent positions outside the CompanyFeb. 1971

12

Number of theCompany’s shares
owned

Representative Director and President of theCompany
June 1984
Representative Director and President ofHamakyo
Service K.K. (current position)
Masataka Osuka
Apr. 2003
Director and Chairman of Superex Corporation(March 3, 1941)(current position)
500,000 shares
Attendance at Board ofJuly 2005
Chairman of Shizuoka Trucking AssociationDirectors meetings
June 2007
Representative Director and Chairman of the20/21
Company (current position)(95%)
June 2012
Deputy Chairman of Japan TruckingAssociationNov. 2013
Chairman of The Hamamatsu Chamber ofCommerce and Industry (current position)(Reasons for nomination as a candidate for Director)
As the founder of the Company involved with its long-term management, Mr. Masataka Osuka has established asignificant level of experience and achievements. As the current Representative Director and Chairman, he provides
accurate advice on every facet of business operation based on experience. The Company proposes the election of him
based on his suitable fulfillment of his role as supervisor concerning the resolution of important matters, theadministration of business matters, and other such matters.
Apr. 1992
Joined the Company
Apr. 2001
Deputy General Manager of Sales Department
1 of the CompanyMay 2003
General Manager of Chubu Sales Departmentof the Company
June 2003
Director and General Manager of Chubu Sales
Department of the Company
Apr. 2006
Director and General Manager of Head OfficeHidenori Osuka
Sales Department of the Company(July 17, 1967)
June 2007
Director and Vice President of KINBUTSUREX Co., Ltd.
498,500 shares
Attendance at Board ofJune 2008
Director, Vice President, General Manager ofDirectors meetings
Administration Division, and General Manager
20/21of Corporate Planning Office of the Company(95%)
June 2009
Director of Superex Corporation. (currentposition)
Jan. 2010
Representative Director and President of theCompany (current position)
Aug. 2010
Director and Chairman of KINBUTSU REX
Co., Ltd. (current position)
May 2019
Director of Shizuoka Trucking Association(current position)(Reasons for nomination as a candidate for Director)
As manager of the Company, Mr. Hidenori Osuka possesses a broad range of experience and considerable insight into
the various divisions making up the Company. The Company proposes the election of him so that the Company may
benefit from his leadership as a member of management, and for his contributions to improving corporate value andbolstering the supervisory functions of the Board of Directors.

-3-Candidate
No.

Name
(Date of birth)

Career summary, position and responsibility in the Company,and significant concurrent positions outside the Company
Sept. 2001

3

Number of theCompany’s shares
ownedJoined the Company as Manager of AccountDepartment
May 2003
Deputy General Manager of Administration
Department of the Company
June 2005
Audit & Supervisory Board Member ofSuperex Corporation (current position)
June 2005
Audit & Supervisory Board Member of
KINBUTSU REX Co., Ltd.
June 2005
Executive Officer, General Manager of
Administration Department, and General
Manager of Corporate Planning Office of theCompany
Apr. 2007
Executive Officer, General Manager of
Accounting Department, and General Managerof Corporate Planning Office of the Company
June 2007
Director, General Manager of Accounting
Department, and General Manager of Corporate
Hiroyasu Yamazaki
Planning Office of the Company(December 22, 1969)
June 2008
Director, General Manager of Development
17,500 shares
Attendance at Board ofDivision, and General Manager of Internal
Directors meetings
Controls Office of the Company
21/21
Oct. 2009Director, Executive Officer, General Manager(100%)of Development Division, and General
Manager of Internal Controls Office of theCompany
Apr. 2012Managing Director, Executive Officer, General
Manager of Administration Division, andGeneral Manager of Internal Controls Office ofthe Company
Sept. 2013
Managing Director, Executive Officer andGeneral Manager of Internal Controls Office ofthe Company
Aug. 2014
Senior Managing Director and Executive
Officer of the Company
June 2015
Director of KINBUTSU REX Co., Ltd.
Aug. 2015
Senior Managing Director of the Company
Apr. 2017
Senior Managing Director and General
Manager of Headquarters of the Company(current position)(Reasons for nomination as a candidate for Director)
The Company proposes the election of Mr. Hiroyasu Yamazaki so that the Company may benefit from his contributions
to improving corporate value based on his ample experience in the field of accounting and finance, and his experienceand achievements as General Manager of the Administration Department and General Manager of the Development
Division.

-4-Candidate
No.

Name
(Date of birth)

Career summary, position and responsibility in the Company,
and significant concurrent positions outside the Company
July 1999
Apr. 201045

Number of theCompany’s shares
ownedJoined the Company
Deputy General Manager of Chubu Sales
Department 3 of the Company
Apr. 2011
General Manager of Chubu Sales Department 3of the Company
Apr. 2012
Executive Officer and Deputy General Manager
Yasuo Okutsuof Sales Division of the Company(January 21, 1972)
Apr. 2014
Executive Officer and Branch Manager ofChubu Branch of the Company
1,100 shares
Attendance at Board ofAug. 2014
Managing Executive Officer and Branch
Directors meetings
Manager of Chubu Branch of the Company
21/21
June 2016
Director, Managing Executive Officer and(100%)
Branch Manager of Chubu Branch of theCompany
Apr. 2017
Director, Managing Executive Officer, Deputy
General Manager of Headquarters and BranchManager of Chubu Branch of the Company(current position)(Reasons for nomination as a candidate for Director)
The Company proposes the election of Mr. Yasuo Okutsu so that the Company may benefit from his contributions toimproving corporate value based on his ample experience in the operations of the logistics center (3PL) of theCompany.
Oct. 2003
Joined the Company
Apr. 2008
Deputy General Manager of Kanto Sales
Department 3 of the Company
Apr. 2010
Executive Officer and General Manager ofKanto Sales Department 2 of the Company
Apr. 2012
Executive Officer and Deputy General Manager
Akio Arigaof Sales Division of the Company(June 8, 1964)
Apr. 2014
Executive Officer and Branch Manager ofKanto Branch of the Company
2,400 shares
Attendance at Board ofAug. 2014
Managing Executive Officer and Branch
Directors meetings
Manager of Kanto Branch of the Company
19/21June2015
Director, Managing Executive Officer and(90%)
Branch Manager of Kanto Branch of theCompany
Apr. 2018
Director, Managing Executive Officer, incharge of sales of Headquarters and BranchManager of Kanto Branch of the Company(current position)(Reasons for nomination as a candidate for Director)
The Company proposes the election of Mr. Akio Ariga so that the Company may benefit from his contributions toimproving corporate value based on his ample experience in the operations of the logistics center (3PL) of theCompany.

-5-Candidate
No.

Name(Date of birth)

Career summary, position and responsibility in the Company,and significant concurrent positions outside the Company
Mar. 2004
Apr. 2012

6

Number of theCompany’s shares
ownedJoined the Company
Manager of Domestic Sales Development
Department, Development Division of theCompany
Apr. 2013
General Manager of Sales Development
Department of the Company
June 2014
Executive Officer and General Manager ofDevelopment Headquarters of the Company
Apr. 2017
Executive Officer, General Manager ofDevelopment Division and Assistant toTsuyoshi Yamaoka
Headquarters of the Company(April 12, 1976)
Apr. 2018
Executive Officer, General Manager ofDevelopment Division and in charge of new
1,000 shares
Attendance at Board ofdevelopment at Headquarters of the Company
Directors meetings
June 2018
Director, Executive Officer, in charge of new
20/21
development at Headquarters and General(95%)
Manager of the Development Division of theCompany
Apr. 2019
Director, Executive Officer, in charge of new
development at Headquarters and General
Manager of the New Sales Management
Department of the Company
Apr. 2020
Director, Executive Officer, in charge of new
development at Headquarters and General
Manager of the Development Division of theCompany (current position)(Reasons for nomination as a candidate for Director)
The Company proposes the election of Mr. Tsuyoshi Yamaoka so that the Company may benefit from his contributions
to improving corporate value based on his ample experience in substantially increasing new clients in the operations ofthe logistics center (3PL) of the Company.

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CandidateNo.

Name(Date of birth)

Career summary, position and responsibility in the Company,and significant concurrent positions outside the CompanyDec. 1999
Apr. 201078

Number of theCompany’s shares
ownedJoined the Company
Deputy General Manager of Kansai Sales
Department of the Company
Apr. 2011
General Manager of Kansai Sales Departmentof the Company
Apr. 2012
Executive Officer and General Manager ofKansai Sales Department of the Company
Apr. 2014
Executive Officer and Branch Manager of
Kansai Branch of the Company
Kiichi Nasuda
Apr. 2016
Managing Executive Officer and Branch(April 6, 1970)
Manager of Kansai Branch of the Company
June 2016
Director, Managing Executive Officer and2,700 shares
Attendance at Board ofBranch Manager of Kansai Branch of theDirectors meetings
Company20/21
Apr.
2017
Director, Managing Executive Officer, Deputy(95%)
General Manager of Headquarters, and BranchManager of Kansai Branch of the Company
Apr. 2019
Director, Executive Officer, Deputy General
Manager of Headquarters and Branch Managerof Kansai Branch of the Company
Apr. 2020
Director, Executive Officer, in charge of humanresource development at Headquarters andBranch Manager of Kansai Branch of theCompany (current position)(Reasons for nomination as a candidate for Director)
The Company proposes the election of Mr. Kiichi Nasuda so that the Company may benefit from his contributions toimproving corporate value based on his ample experience in the operations of the logistics center (3PL) of theCompany.
Apr. 1965
Joined Suzuki Motor Co., Ltd. (currentlySuzuki Motor Corporation)
Apr. 2010
Chairman of Hamamatsu Foundation forIsamu Miyagawa
International Communication and Exchange(July 22, 1942)
Nov. 2010
Deputy Chairman of The Hamamatsu Chamberof Commerce and Industry
300 shares
Attendance at Board ofApr. 2013
Councilor of TOKOHA University Education
Directors meetings
Foundation (current position)
20/21
Nov. 2013
Adviser of The Hamamatsu Chamber of(95%)
Commerce and Industry
June 2016
Outside Director of the Company (currentposition)(Reasons for appointment as candidate for outside Director)
The Company proposes the election of Mr. Isamu Miyagawa so that the Group may benefit from his contributions toimproving corporate value based on his ample experience and achievements in corporate management and so forth, andhis considerable knowledge of finance and accounting.

-7-Candidate
No.

Name
(Date of birth)

Career summary, position and responsibility in the Company,and significant concurrent positions outside the Company
Apr. 1975

Number of theCompany’s shares
ownedJoined the Hamamatsu Branch of The Shizuoka
Bank, Ltd.
June 2003
Executive Officer and General Manager of theHamamatsu Branch of The Shizuoka Bank, Ltd.
Yoshitaka Otsu
Apr. 2007
Senior Executive Officer and Head of Western(December 11, 1952)
Area Business Unit of The Shizuoka Bank, Ltd.
July 2016
Outside Audit & Supervisory Board Member
100 shares
Attendance at Board of(Part-time) of SEIKO CORPORATION
Directors meetings(current position)
920/21
Oct. 2016
Outside Audit & Supervisory Board Member(95%)(Part-time) of TOKAI DENPUN CO., LTD.
(current position)
June 2018
Outside Director of the Company (currentposition)(Reasons for appointment as candidate for outside Director)
The Company proposes the election of Mr. Yoshitaka Otsu so that the Group may benefit from his contributions toimproving corporate value based on his ample experience, achievements and broad insight into business management.
Apr. 1973
Entered Hamamatsu Shinkin Bank
Takeshi Mori
(August 19, 1950)
July 2012
Executive Director of The Hamamatsu[New election]
Chamber of Commerce and Industry
Nov. 2012Managing Director of The Hamamatsu
300 shares
Attendance at Board of
Chamber of Commerce and Industry
Directors meetings
June 2016
Outside Audit & Supervisory Board Member of21/21
10
the Company (current position)(100%)(Reasons for appointment as candidate for outside Director)
Mr. Takeshi Mori has actively voiced opinions from an independent standpoint during his tenure as Outside Audit &Supervisory Board Member, and has adequately fulfilled the responsibilities of this role. Furthermore, he has a deep
knowledge of the Company’s operations through his audits, and the Company proposes his election as Outside Director
in order that he can use his ample knowledge and experience to supervise the Company’s management.
(Notes) 1. There is no special interest between any of the above candidates and the Company.
2. Mr. Isamu Miyagawa, Mr. Yoshitaka Otsu, and Mr. Takeshi Mori are candidates for outside Director.
3. Mr. Isamu Miyagawa is currently an outside Director of the Company, and at the conclusion of this meeting, his tenure
as outside Director will have been four years.
4. Mr. Yoshitaka Otsu is currently an outside Director of the Company, and at the conclusion of this meeting, his tenure as
outside Director will have been two years.
5. Director candidate Mr. Takeshi Mori’s attendance at Board of Directors’ meetings is in his role as outside Audit &Supervisory Board Member. At the conclusion of this meeting, his tenure as outside Audit & Supervisory Board
Member will have been four years.
6. Pursuant to the provisions of Article 427, paragraph 1 of the Companies Act, the Company has entered into anagreement with Mr. Isamu Miyagawa and Mr. Yoshitaka Otsu to limit their liability for damages under Article 423,
paragraph 1 of the Companies Act. The maximum amount of liability for damages under this agreement is the minimum
liability amount stipulated in Article 425 paragraph 1 of the Companies Act, and the Company plans to renew thisagreement with them. If the election of Mr. Takeshi Mori is approved, the Company plans to enter into the same limited
liability agreement with him.
7. The Company has submitted notification to the Tokyo Stock Exchange that Mr. Isamu Miyagawa and Mr. Yoshitaka
Otsu have been designated as independent officers as provided for by the aforementioned exchange. If their reelection isapproved, the Company plans for their appointment as independent officers to continue. In addition, although theCompany has submitted notification that Director candidate Mr. Takeshi Mori has been designated as an independentofficer based on his current role as outside Audit & Supervisory Board Member, if his election as outside Director isapproved, the Company plans to submit notification based on his role as outside Director.

-8-Proposal No. 2
Election of One (1) Audit & Supervisory Board Member
The term of office of Audit & Supervisory Board Member Mr. Takeshi Mori will expire at the conclusion of thisannual general meeting of shareholders. Therefore, the Company proposes the election of one Audit & Supervisory
Board Member.
In addition, the consent of the Audit & Supervisory Board has been obtained for this proposal.
The candidate for Audit & Supervisory Board Member is as follows.
Name(Date of birth)

Career summary, position and responsibility in the Company, andsignificant concurrent positions outside the CompanyApr. 1980

Number of theCompany’s shares
ownedJoined Hamakita-shi (Agricultural Cooperative)(currently Topia Hamamatsu (AgriculturalTerunobu Hasegawa
Cooperative))0 shares(May 21, 1956)
June 2014
Executive Director of Topia Hamamatsu(Agricultural Cooperative) (current position)(Notes) 1. There is no special interest between Mr. Terunobu Hasegawa and the Company.
2. Mr. Terunobu Hasegawa is a candidate for outside Audit & Supervisory Board Member.
3. The Company proposes the election of Mr. Terunobu Hasegawa as outside Audit & Supervisory Board Member as it
determines that he is qualified based on his ample experience and achievements in business management andconsiderable expertise in finance and accounting, and expect him to monitor the overall management and provide
effective advice.
4. Pursuant to the provisions of Article 427, paragraph 1 of the Companies Act, the Company plans to enter into anagreement with Mr. Terunobu Hasegawa to limit his liability for damages under Article 423, paragraph 1 of theCompanies Act. The maximum amount of liability for damages under this agreement is the minimum liability amountstipulated in Article 425 paragraph 1 of the Companies Act.
5. The Company plans to submit notification to Tokyo Stock Exchange that Mr. Terunobu Hasegawa has been designatedas independent officer as provided for by the aforementioned exchange.
6. Mr. Terunobu Hasegawa serves as Executive Director of Topia Hamamatsu (Agricultural Cooperative), but he plans toresign on June 24, 2020.

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