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.

September 10, 2021

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 41st Ordinary General Meeting of Shareholders
We are pleased to announce that the 41st Ordinary General Meeting of Shareholders of Pan
Pacific International Holdings Corporation (the “Company”) will be held as described below.
To prevent infection and the spread of novel coronavirus disease (COVID-19), we ask that ourshareholders exercise your voting rights in writing or via the Internet, etc., if at all possible.
With regard to the exercise of voting rights in writing or via the Internet, etc., please review
the attached Reference Documents for the General Meeting of Shareholders and exercise
your voting rights by 6:00 p.m. September 28 (Tuesday), 2021.
1.

Date and Time:

September 29 (Wednesday), 2021, 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 41st Fiscal Term (July 1, 2020 to June 30, 2021)
2.
The Non-Consolidated Financial Statements for the 41st Fiscal Term (July 1, 2020 toJune 30, 2021)
Matters to be resolved:
Proposal No. 1:
Appropriation of Surplus
Proposal No. 2:
Election of Ten (10) 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 enclosed Voting Rights Exercise Form on attendance to the receptionist.
Of the documents to be provided, information concerning the following items is not included in the documents provided withthis Notice of Convocation of the General Meeting of Shareholders, but is posted on our Website at https://ppih.co.jp/ir/ (inJapanese only) pursuant to laws and regulations and Article 15 of the Company’s Articles of Incorporation.

11) Notes to the Consolidated Financial Statements
2) Notes to the Non-Consolidated Financial Statements
The Consolidated Financial Statements and Non-Consolidated Financial Statements audited by the Audit and Supervisory
Committee for its audit report and the Accounting Auditors for their accounting audit report include, in addition to thecontents of the documents provided here, items to be presented as the Notes to the Consolidated Financial Statements and theNotes to the Non-Consolidated Financial Statements.
If there are any amendments to the Business Report, Non-Consolidated Financial Statements, Consolidated Financial
Statements and Reference Documents for the General Meeting of Shareholders, the amended items will be posted on our
Website at https://ppih.co.jp/ir/ (in Japanese only).
<Measures against COVID-19>
We ask that our shareholders exercise their voting rights prior to the meeting either in writing (via postal mail) or via
electromagnetic means (the Internet, etc.), if at all possible. To our shareholders considering attending the meeting inperson, we ask that you check the situation of the infections of COVID-19 and your individual physical condition on the
day of the meeting, and if you have any worries or concerns, please do not feel obligated to come to the meeting.
To prevent infection and the spread of COVID-19 at the meeting, the width of the space between the seats will be
increased, resulting in significantly fewer available seats compared to typical years. Therefore, please understand that you
may not be admitted to enter even if you come to the venue.
At the meeting, the meeting’s staff will be wearing masks, and steps will be taken that include requesting that shareholders
wear masks and spray their hands with alcohol sanitizer. Please be aware that if the meeting’s staff notice anyone who
appears to be unwell, those people may not be admitted to enter based on the Company’s discretion.
Please understand that there will be no gifts offered.
We may be forced to change the venue and/or the start time depending on how the situation evolves. If any changes are
made, the changed items will be posted on our Website at https://ppih.co.jp/ir/ (in Japanese only).

<Notice regarding discontinuance of mailing of “PPIH Report”>
Please understand that from now on, we will be offering our investor relations magazine, “PPIH Report,” via our website
at https://ppih.co.jp/ir/library/newsletter/ (in Japanese only) after the General Meeting of Shareholders, instead of offering
physical documents via postal mail.

2

Reference Documents for the General Meeting of Shareholders
Proposal No. 1: Appropriation of Surplus
The Company considers the return of profits to shareholders to be one of its most important tasks.
The Company works to increase its retained earnings, which takes strengthening its corporate
structure and development of future business into consideration, and based on the “progressive
dividend policy,” which lays out a policy of increasing dividends in line with sustainable growth,
the year-end dividend of the 41st 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: 13 yen per common share of the Company
Total amount: 8,244,866,708 yen
Effective date of dividend payment
September 30, 2021

(3)

3

Proposal No. 2: Election of Ten (10) Directors (Excluding Directors Who Are Audit andSupervisory Committee Members)
The terms of office of all eleven (11) Directors (excluding Directors who are Audit andSupervisory Committee Members; applicable to the rest of this proposal) will expire at theconclusion of this meeting. In that regard, the Company proposes the election of ten (10)Directors, lowering the number 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
7
8
9

Name
Naoki Yoshida

Current position in the Company
President, Representative Director and CEO

Director, Senior Managing Executive Officer
and CMO (Global)
Head of Overseas Business and Vice Presidentof Asia Company
Director and Senior Managing Executive
Officer
Kenji Sekiguchi
Head of GMS Business and President of GMS
Company
Director, Senior Managing Executive Officer
Seiji Shintani
and CSO
Director and Managing Executive Officer
General Manager of Corporation Management
Hideki Moriya
and Strategic Headquarters and Head of
Executive Committee
Director, Managing Executive Officer andYuji Ishii
CAO
Head of Accounting Headquarters
Executive Officer and CFO
Keita Shimizu
Head of Finance and IR Headquarters
Executive Officer
Hitomi Ninomiya Head of Design and Chairman of Diversity
Management Committee
Kazuhiro
Matsumoto

Isao Kubo

10 Takao Yasuda
New election
Candidates for new Directors

Reelection
Reelection

Reelection

Reelection

Reelection

Reelection
NewelectionNewelection

Outside Director

Reelection

Director (non-standing)Founding Chairman and Supreme Advisor

Reelection

Reelection
Candidates for Directors to be reelected

OutsideCandidates for Outside Directors

4OutsideIndependent

Independent
Candidates for independent officer

No.

Name
(Date of birth)

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

Joined McKinsey & Company Inc.
Japan
Joined Union Bancaire Privée
March 1997
Established Alter Ego Consulting Co.,
August 2002
Ltd.
President and Representative Director
President and Representative Director
February 2003of T-ZONE HOLDINGS, INC.
President of Don Quijote (USA) Co.,
July 2007
Ltd.
September 2012 Director of the Company
November 2013 Senior Managing Director of theCompany
Director of Don Quijote Co., Ltd.
December 2013
Director of Nagasakiya Co., LTD.
(current position)
Senior Managing Director and CCO of
July 2015
57,000Naoki Yoshida
the Company
shares(December 7, 1964)
Outside Director of Accretive Co., Ltd.
June 2017
November 2017 Audit & Supervisory Board Member of
UNY Co., Ltd.
Senior Managing Director and CAO
January 2018
(Representative Director) of theCompany
Director of UNY Co., Ltd.
January 2019
Representative Director of UCS Co.,Ltd.
Senior Managing Director of UNY Co.,
April 2019Ltd.
September 2019 President, Representative Director and
CEO of the Company (current position)
President and Representative Directorof Don Quijote Co., Ltd. (current
position)
Director of UNY Co., Ltd. (current
position)(Reasons for nomination as candidate for Director)
Naoki Yoshida has a performance record of playing a key role in supporting many aspects of theGroup, such as the divisions responsible for compliance and governance including the Group’s legal
affairs and labor affairs, the divisions in charge of finance, accounting and tax affairs, and theGroup’s strategic planning division both inside Japan and overseas. As President, Representative
Director and CEO, he is promoting a series of new strategies, including management integration,organizational reforms to facilitate the delegation of authority and the development of the next
generation of leaders, and strategies for digital. In addition, he possesses abundant experience andbroad insight in relation to corporate management based on his successive service as president at
various companies. Accordingly, the Company deems that he is an appropriate person for promoting
further improvement in the Group’s corporate value going forward, and has continued to nominate
him as a candidate for Director.
December 1995

1

Number oftheCompany
shares held

5

No.

Name
(Date of birth)

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

Joined the Company
Corporate Officer of Don Quijote Co.,Ltd.
Director of Don Quijote Holdings
July 2015
Retail Management Co., Ltd.
Director of Lirack Co., Ltd.
Director of Justneo Co., Ltd. (currently
Pan Pacific International Trading Co.,
Ltd.) (current position)
General Manager of Food and Liquor
April 2017
Merchandising Development
Headquarters of Don Quijote Co., Ltd.
Executive Officer of the Company
January 2018
General Manager of Food and Liquor
February 2019
Merchandising Development
Headquarters and Overseas BusinessSupport Headquarters of Don Quijote
Co., Ltd.
General Manager of Overseas Business
June 2019
Support Headquarters of Don Quijote
Kazuhiro Matsumoto
14,900Co., Ltd.
(November 15, 1973)
sharesDirector of Kanemi Co., Ltd.
Managing Director of Pan Pacific RetailAugust 2019
Management (Singapore) Pte. Ltd.
(current position)
September 2019 Director, Managing Executive Officer
and CMO (Global) of the Company
Pan Pacific Retail Management (Asia)
Pte. Ltd. Director
Director, Managing Executive Officer
July 2020
and CMO (Global), and Vice Presidentof Asia Company of the Company
Vice President and COO of Pan Pacific
Retail Management (Asia) Pte. Ltd.
(current position)
Director, Senior Managing Executive
July 2021
Officer and CMO (Global), Head ofOverseas Business, and Vice Presidentof Asia Company of the Company(current position)
Director of Don Quijote Co., Ltd.
(current position)(Reasons for nomination as candidate for Director)
Kazuhiro Matsumoto possesses abundant experience and a performance record primarily in relation
to merchandise strategies and store operation both inside Japan and overseas, gained mainly in theGroup’s retail division. Accordingly, the Company deems that he is an appropriate person for
promoting further improvement in the Group’s corporate value going forward, and has continued tonominate him as a candidate for Director.
January 1996
December 2013

2

Number oftheCompany
shares held

6

No.

Name
(Date of birth)

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

Joined the Company
Department Director of New Business
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
November 2013 Director of the Company
Resigned from the position of Director
December 2014of the Company
November 2017 President and Representative Directorof Nagasakiya Co., LTD.
Director and Managing Corporate
Officer of UNY Co., Ltd.
53,200Kenji Sekiguchi
Senior Vice President andshares(October 20, 1964)
Representative Director of UD RetailCo., Ltd.
Executive 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, Managing Executive Officer
July 2020and President of GMS Company of theCompany
Director, Senior Managing Executive
July 2021
Officer and President of GMS Companyof 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.
May 1997
June 2006

3

Number oftheCompany
shares held

7

No.

Name
(Date of birth)

Career summary andposition and areas of responsibility in the Company(Significant concurrent positions)
April 1987

4

Number oftheCompany
shares held

Joined The Long-Term Credit Bank ofJapan, Limited
January 1996
Joined McKinsey & Company
April 1999
Director of Interaset Co., Ltd.
April 2000
Principal of Crimson Ventures Co., Ltd.
January 2002
Director of Capital Arts Co., Ltd.
May 2004
Director of Sammy Networks Co., Ltd.
June 2008
Executive Officer and General Manager
of New Business Development Divisionof SEGA CORPORATION
June 2011
Executive Officer and Division
Manager of Group Executive Office of
SEGA SAMMY HOLDINGS INC.
April 2013
Senior Executive Officer and Division
Manager of Corporate Division of
Sammy Corporation
October 2014
Executive Officer and General Manager
of Administrative Division of
KADOKAWA DWANGOCORPORATION
May 2017
General Manager of Administrative
Division of KOMEDA Holdings Co.,
Seiji Shintani
800 shares
Ltd.
(January 1, 1964)
Management Director and General
Manager of Management Strategy
Division of Komeda Co., Ltd.
March 2018
Director and General Manager of
Administrative Division of KOMEDA
Holdings Co., Ltd.
May 2020
CSO of the Company
July 2020
Senior Managing Executive Officer and
CSO, and Head of Financial Company
Preparation Office of the Company
Representative Director of UCS Co.,
Ltd. (current position)
September 2020 Director, Senior Managing Executive
Officer, CSO and CFO, and Head ofFinancial Company Preparation Officeof the Company
April 2021
Director, Senior Managing Executive
Officer and CSO of the Company(current position)
July 2021
Audit and Supervisory Board Memberof Don Quijote Co., Ltd. (current
position)(Reasons for nomination as candidate for Director)
Seiji Shintani possesses abundant practical experience and broad insight in relation to management
strategies. As CSO, he is constructing and promoting management strategies for the Group as awhole while taking charge of strengthening the organizational design and corporate planning
functions required to transition to a next-generation holdings-company management system.
Accordingly, the Company deems that he is an appropriate person for promoting further
improvement in the Group’s corporate value going forward, and has continued to nominate him as a
candidate for Director.

8

No.

Name
(Date of birth)

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

Number oftheCompany
shares held

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
Director of Pan Pacific Data Services
Co., Ltd.
General Manager of Operation
Management Headquarters of theCompany (current position)
General Manager of Risk Management 1,600 shares
Headquarters of the Company

March 2000
July 2007
August 2009
July 2010
December 2010
September 2019
November 2019
Hideki Moriya(September 23, 1977)

Managing Executive Officer, General
Manager of Corporation Management
and Strategic Headquarters and Head of
Executive Committee of the Company
General Manager of IT Support
Headquarters of the Company

July 2020
5

Director, Managing Executive Officer,
General Manager of Corporation
Management and Strategic
Headquarters and Head of Executive
Committee of the Company (current
position)
July 2021
Director of Don Quijote Co., Ltd.
(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

9

No.

Name
(Date of birth)

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

Joined the Company
Manager, Financial Accounting
Division, Administration Headquartersof Don Quijote Shared Services Co.,Ltd.
Deputy General Manager,
July 2015
Administration Headquarters of Don
Quijote Shared Services Co., Ltd.
Director of Don Quijote Holdings
Retail Management Co., Ltd.
General Manager of Administration
July 2016
Headquarters of Don Quijote Shared
Services Co., Ltd.
September 2017 Director of the Company
Director of Don Quijote Shared
Yuji Ishii
Services Co., Ltd.
1,700 shares(August 17, 1972)
General Manager of General
October 2017
Accounting Headquarters of Don
Quijote Shared Services Co., Ltd.
Representative Director of Don Quijote
February 2018
Shared Services Co., Ltd.
President (Representative Director) of
May 2019
Pan Pacific Shared Service Co., Ltd.
September 2019 Director and Executive Officer of theCompany
Director, Managing Executive Officer
July 2021
and CAO of the Company (current
position)
Audit and Supervisory Board Memberof Don Quijote Co., Ltd. (current
position)(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 finance 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 tonominate him as a candidate for Director.
September 2008
January 2013

6

Number oftheCompany
shares held

10

No.

Name
(Date of birth)

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

Joined Tohmatsu & Co. (currently
Deloitte Touche Tohmatsu LLC)
Joined Dream Incubator Inc.
July 2006
Joined AKINDO SUSHIRO CO., LTD.
July 2012
Corporate Officer and General Manager
July 2013of Corporate Planning Division of
AKINDO SUSHIRO CO., LTD.
Director, Corporate Officer, Manager ofJuly 2015
President’s Office, and in charge ofInformation System of AKINDOSUSHIRO CO., LTD
Corporate Officer in charge of
February 2016
Keita Shimizu
Corporate Strategy of Sushiro Global– shares(May 2, 1978)
Holdings Co., Ltd. (currently FOOD &LIFE COMPANIES LTD.)
Corporate Officer in charge of Finance
June 2017& Accounting of Sushiro Global
Holdings Co., Ltd. (currently FOOD &LIFE COMPANIES LTD.)
Senior Corporate Officer responsible
October 2019
for Finance & Accounting andInvestment Business of Sushiro Global
Holdings Co., Ltd. (currently FOOD &LIFE COMPANIES LTD.)
Executive Officer and CFO of theApril 2021
Company (current position)(Reasons for nomination as candidate for Director)
Keita Shimizu is a certified public accountant, and has expertise and diverse experience, having
accumulated broad experience, such as auditing services at an auditing firm, management
consulting and working as CFO for other companies listed on the First Section of the Tokyo Stock
Exchange. He is also responsible for finance and IR as CFO of the Group. Accordingly, theCompany deems that he is an appropriate person for promoting further improvement in the Group’s
corporate value going forward, and has newly nominated him as a candidate for Director.
April 2001

*7

Number oftheCompany
shares held

11

No.

Name
(Date of birth)

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

Joined the Company
General Manager of Space Creation
Division of Don Quijote Co., Ltd.
General Manager of Store Solution
July 2018
Management Division of Don Quijote
Hitomi Ninomiya– sharesCo., Ltd.
(March 31, 1983)
November 2019 Manager of Space Design Division of
the Company
November 2020 Executive Officer, Head of Design and
Chairman of Diversity Management
Committee (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 Chairman 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 newly nominated her as a
candidate for Director.
November 2004
April 2014

*8

Number oftheCompany
shares held

12

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
9

Isao Kubo(October 19, 1958)
September 2017

March 2018

May 2018

May 2019

Joined ITOCHU Corporation
General Manager of Brand Marketing
Department 3 of ITOCHU Corporation
General Manager of Planning &Coordinating Department, Textile
Company of ITOCHU Corporation
Chief Administrative Officer of
ITOCHU International Inc. andPresident & CEO of ITOCHU Canada
Ltd.
Executive Officer and General Manager
of Corporate Planning & Administration
Division of ITOCHU Corporation
Managing Executive Officer andGeneral Manager of Internal Audit
Division of ITOCHU Corporation
Director, Managing Executive Officer,
General Manager of Management
Division, Chairman of Risk
Management & Compliance
Committee, Chairman of Corporate
Social Responsibility Committee 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.)
13

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

14

No.

Name
(Date of birth)

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

Number oftheCompany
shares held

Established Just Co., Ltd. (currently Pan
Pacific International Holdings
Corporation)
President and Representative Director
September 2005 Chairman, Representative Director and
CEO of the Company
Chairman of Yasuda Scholarship
December 2005
Foundation (current position)
Chairman, President, Representative
April 2013
Director and CEO of the Company
President, Representative Director andAugust 2013CEO of Don Quijote Preparatory Co.,
Ltd. (currently Don Quijote Co., Ltd.)
Chairman and Representative Director
December 2013of Don Quijote Co., Ltd.
Chairman, Representative Director andJuly 2014
CEO of the Company
Takao Yasuda– shares(May 7, 1949)
Founding Chairman and Supreme
July 2015
Advisor of the Company (current
position)10
Director (Chairman, President & CEO)of Pan Pacific International Holdings
Pte. Ltd. (currently Pan Pacific RetailManagement (Singapore) Pte. Ltd.)
President of Pan Pacific Strategy
December 2018
Institute Pte. Ltd. (current position)
Director (non-standing) of the Company
January 2019
(current position)
President of Pan Pacific Retail
April 2019
Management (Asia) Pte. Ltd. (current
position)
Director, Chairman and CEO of Pan
July 2020
Pacific Retail Management (Singapore)
Pte. Ltd. (current position)(Reasons for nomination as candidate for Director)
Takao Yasuda is founder of the Company, created a new business format as a discounter, and has
driven the development of the Group. He is currently based in Singapore to lead overseas businessesof the Company. In order to further accelerate the business expansion overseas and make use of his
expertise, the Company has continued to nominate him as a candidate for Director.
(Notes) 1. Person marked with an asterisk is a candidate for new Director.
2. Director candidate Ms. Hitomi Ninomiya’s on her family registry is Hitomi Yasui.
3. There is no special interest between each of the candidates and the Company.
4. Mr. Isao Kubo is a candidate for Outside Director. Furthermore, he satisfies the requirements for an
independent officer as provided for by Tokyo Stock Exchange, Inc., and the Company plans tosubmit notification to the aforementioned exchange concerning his designation as an independent
officer.
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 one (1) year.
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 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. Under the policy,
the insureds, which include Directors of the Company, are covered for losses that may arise fromthe liability they assume in the course of their performance of duties, or from receipt of claims
September 198015

pertaining to the pursuit of such liability. If each candidate is elected and assumes the office as
Director, each candidate will be included in the policy as an insured. When the policy is renewed,
the Company plans to renew the policy with the same details.

16

Proposal No. 3: Election of One (1) Director Who Is an Audit and Supervisory Committee
MemberAt the conclusion of this meeting, of the six (6) Directors who are Audit and Supervisory
Committee Members, the terms of office of Jumpei Nishitani and Masaki Yoshino will expire.
Accordingly, the Company proposes the election of one (1) Director who is an Audit andSupervisory 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

17

Reelection

Independent
Candidates for independent officer

Outside IndependentNumber ofCareer summary andthe Company
position and areas of responsibility in the Company
shares held
(Significant concurrent positions)
Graduated from the Faculty of Economics,
March 1995
The University of Tokyo
Earned a master’s degree from the Faculty
March 1997of Economics, The University of Tokyo
Obtained scores for doctorate degree andMarch 2000
resigned from Graduate School of
Economics, The University of Tokyo
Assistant Professor, Faculty of Management
April 2000
and Economics, Aomori Public University
Assistant Professor, College of Business
April 2005
Administration, Ritsumeikan University
Jumpei Nishitani– shares(December 2, 1971)
Visiting Fellow, The University of British
August 2009
Columbia
Professor, College of Business
April 2015
Administration, Ritsumeikan University(current position)
Outside Director [Audit and Supervisory
September 2017
Committee Member] of the Company(current position)
Member of the Defense Procurement
January 2019
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 of the Company, and his term in this positionat the conclusion of this General Meeting of Shareholders will be four (4) years.
4. 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. Under the policy,
the insureds, which include Directors of the Company who are Audit and Supervisory Committee
Members, are covered for losses that may arise from the liability they assume in the course of theirperformance of duties, or from receipt of claims pertaining to the pursuit of such liability. If thecandidate is elected and assumes the office as Director, the candidate will be included in the policy
as an insured. When the policy is renewed, the Company plans to renew the policy with the samedetails.
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.
Name(Date of birth)18