thThe following is an English translation of the Notice of Resolutions at the 155 Ordinary General Meetingof Shareholders of Yamato Holdings Co., Ltd. The Company provides this translation for your reference
and convenience only and without any warranty as to its accuracy.

Stock code: 9064
June 23, 2020

Yamato Holdings Co., Ltd.
16-10, Ginza 2-chome, Chuo-ku, Tokyo
President: Yutaka Nagao
To Our Shareholders

Notice of Resolutions
at the 155 Ordinary General Meeting of Shareholders
thWe would hereby like to inform you that the following matters were reported and resolved
at the 155th Ordinary General Meeting of Shareholders held on June 23, 2020.

Matters reported:
1.

Report of the Business Report, the Consolidated Financial Statements, andAudit Reports of the Accounting Auditor and the Audit & Supervisory Board for
the Consolidated Financial Statements for the 155th Fiscal Year (from April 1,2019 to March 31, 2020)

2.

Report of the Non-consolidated Financial Statements for the 155th Fiscal Year(from April 1, 2019 to March 31, 2020)

We reported the details of above 1. and 2.
Matters resolved:
Agenda Item 1.
Partial Amendments to the Articles of Incorporation
Agenda Item 1. was approved and adopted as originally proposed.
The details of amendment are as follows.
(Underlining denotes amendment.)
Articles of Incorporation
After Amendments(Number of Audit & Supervisory Board
Members)
Article 30: The Company shall have not morethan five (5) Audit & Supervisory Board
Members.

Articles of Incorporation
Before Amendments(Number of Audit & Supervisory Board
Members)
Article 30: The Company shall have not morethan four (4) Audit & Supervisory Board
Members.

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Agenda Item 2.
Election of Nine (9) Directors
Messrs. Masaki Yamauchi, Yutaka Nagao, Haruo Kanda, Kenichi Shibasaki,
Masakatsu Mori, Ms. Mariko Tokuno, Messrs. Yoichi Kobayashi and Shiro Sugata
were reelected and assumed their offices, and Mr. Noriyuki Kuga was newly electedand assumed his office.
Mr. Masakatsu Mori, Ms. Mariko Tokuno, Messrs. Yoichi Kobayashi, Shiro Sugataand Noriyuki Kuga are Outside Directors.
Agenda Item 3.
Election of Two (2) Audit & Supervisory Board Members
Messrs. Ryuji Matsuda and Yoshihide Shimoyama were newly elected andassumed their offices.
Agenda Item 4.
Revision of Remuneration Amount for Directors
Agenda Item 4. was approved and adopted as originally proposed.
Agenda Item 5.

Introduction of Performance-Linked and Share-BasedRemuneration System for Directors
Agenda Item 5. was approved and adopted as originally proposed.

2As per the resolutions of the Board of Directors Meeting held after the close of the above
Ordinary General Meeting of Shareholders, Representative Directors and Directors withtitles were appointed and assumed their offices. The Directors, Audit & Supervisory Board
Members and Executive Officers of the Company are as follows:
Chairperson of the Board of Directors

Masaki Yamauchi

Representative Director, Executive Officer and President

Yutaka Nagao

Representative Director, Executive Officer and Vice President

Haruo Kanda

Representative Director, Executive Officer and Vice President

Kenichi Shibasaki

Director

Masakatsu Mori

Director

Mariko Tokuno

Director

Yoichi Kobayashi

Director

Shiro Sugata

Director

Noriyuki Kuga

Full-time Audit & Supervisory Board Member

Yoshihiro Kawasaki

Full-time Audit & Supervisory Board Member

Mamoru Matsuno

Audit & Supervisory Board Member

Takashi Yamashita

Audit & Supervisory Board Member

Ryuji Matsuda

Audit & Supervisory Board Member

Yoshihide Shimoyama

Senior Managing Executive Officer

Shinji Makiura

Managing Executive Officer

Yasuharu Kosuge

Managing Executive Officer

Toshizo Kurisu

Managing Executive Officer

Osamu Yamanaka

Managing Executive Officer

Tamaki Abe

Executive Officer

Hiroshi Matsuda

Executive Officer

Seiichi Awa

Executive Officer

Tatsuya Suzuki

Executive Officer

Hideo Tanzawa

Executive Officer

Tomoki Otani

Executive Officer

Atsushi Kashimoto

Executive Officer

Yorimasa Tanaka

Executive Officer

Katsuhiko Umetsu

Executive Officer

Takeo Kosugi

Executive Officer

Norihiko Nakabayashi

Executive Officer

Setsuko Nishida

Payment of the Year-end Dividend for the 155th Fiscal Year
Regarding the year-end dividend for the 155th fiscal year, the payment of 26 yen per share (16 yenof ordinary dividends in addition to the commemorative dividends of 10 yen to mark the 100thanniversary of the Company’s founding) was resolved at the Board of Directors Meeting held on
May 20, 2020, and we sent the payment related documents as of June 3, 2020, to the address thathas been provided to us.
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Information on the Receipt of Dividends
There are four ways to receive dividend payment.
In order to receive dividends safely and surely, it is recommended that you receive dividends
through your account at a bank or a securities company.
1. Method to designate a bank account per issue held: Kobetsu meigara shitei houshiki
A method whereby you designate an account with a bank or other financial institution for eachissue held.
2. Method to receive dividends of all issues held through only one bank account: Touroku
haitokin juryo kouza houshiki
A method whereby dividends of all issues held can be received through only one account witha bank or other financial institution which you designate as the account to which dividends willbe remitted.
However, you may not designate an account with Japan Post Bank Co., Ltd.
3. Method to receive dividends through your account with a securities company:
Kabushiki-su hirei haibun houshiki
A method whereby dividends can be received through your account opened at a securities
company.
If shares of the same issue are held in accounts with several securities companies, thedividends will be prorated depending on the number of shares recorded at each account.
However, as this method is not applicable if you have any shares in a special account, it isnecessary for you, in the case you are such a shareholder, to transfer your shares in yourspecial account to your account with a securities company in order to use this method.
* Special account: An account where shares of shareholders who do not use an account with asecurities company are held.
4. Method by presenting a “Dividend Warrant”
For other shareholders who have not taken procedures as stated in the above 1-3, dividends
can be received at a nearby principal or branch office of Japan Post Bank Co., Ltd. or a postoffice by presenting the “Dividend Warrant” to be sent from the Company.

For inquires on changing the method of receiving dividends, etc.
[Shareholders holding an account with a securities company]
Please contact the securities company where you have opened an account.
[Shareholders who have shares recorded in a special account]
Please contact Securities Agent Dept. of Mizuho Trust & Banking Co., Ltd.
Phone: 0120-288-324 (Toll free only in Japan)(From 9:00 to 17:00 except Saturdays, Sundays and national holidays)

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