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

Dear Shareholders:(Securities Code 4956)
May 29, 2023

1-6-10 Dosho-machi, Chuo-ku, Osaka
Head Office
1-7-1 Dosho-machi, Chuo-ku, Osaka()

Konishi Co., Ltd.
President andRepresentative Director

Keiichi Oyama

Notice of the 98th Ordinary General Meeting of Shareholders
We would like to express our gratitude for your continued support.
You are cordially invited to attend the 98th Ordinary General Meeting of Shareholders of Konishi Co., Ltd. (the “Company”)
as described below.
In convening this general meeting of shareholders, the Company takes measures for providing information that constitutes thecontent of reference documents for the general meeting of shareholders, etc. (matters subject to measures for electronic provision)in electronic format. Please access either of the websites by using the Internet address shown below to review the information.

[The Company’s website]
https://www.bond.co.jp/ir/stock/meeting_notice/index.html[Tokyo Stock Exchange website (TSE Listed Company Search)]https://www2.jpx.co.jp/tseHpFront/JJK010010Action.do?Show=Show(Access the TSE website by using the Internet address shown above, enter “Konishi” in “Issue name (company name)” or
the Company’s securities code “4956” 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 “Clickhere for access” under “[Notice of General Shareholders Meeting /Informational Materials for a General Shareholders
Meeting].”
If you are unable to attend the meeting in person, you may exercise your voting rights via the Internet or in writing. Please
review the Reference Documents for the General Meeting of Shareholders attached later, and follow “Guidance on exercising
your voting rights” mentioned below to exercise your voting rights by 5:30 p.m. (JST) on Monday, June 19, 2023.

-1- Date and time Place10 a.m., Tuesday, June 20, 2023
1-7-1 Dosho-machi, Chuo-ku, Osaka (Kitahama Konishi Building, 4th Floor)
Company’s Conference Hall
(Please see the guide map at the end of this document.) Purposes
Matters to bereported:

1. Business Report, Consolidated Financial Statements, and Non-Consolidated Financial Statements forthe 98th Fiscal Year (April 1, 2022 to March 31, 2023)
2. Independent Auditor’s and Audit and Supervisory Committee’s Reports on the Results of Audit of theConsolidated Financial Statements for the 98th Fiscal Year
Matters to be resolved:
Proposal No. 1: Appropriation of Surplus
Proposal No. 2: Election of Eight (8) Directors (Excluding Directors Who Are Audit and Supervisory Committee
Members)
Proposal No. 3: Election of Four (4) Directors Who Are Audit and Supervisory Committee Members----------------------------------------------------------------------------------------------------------------------------------------------------● When you attend the meeting, please present the enclosed Voting Rights Exercise Form at the reception desk.
● Due to the revision of the Companies Act, the shareholders are requested to access the websites mentioned above and review matters subject to measures forelectronic provision as a rule, and paper-based documents stating matters subject to measures for electronic provision shall be delivered only to shareholders who
have made a request for delivery of such documents by the record date. However, for this General Meeting of Shareholders, the Company shall deliver paperbased documents stating such matters to all shareholders regardless of whether they have made such a request.
In accordance with the provisions of laws and regulations, and Article 16, paragraph 2 of the Articles of Incorporation of the Company, of matters subject to measuresfor electronic provision, the following matters are excluded from the paper-based documents delivered to shareholders.
(i) System to Ensure Appropriate Business Reporting Operations (ii) Notes to Consolidated Financial Statements (iii) Notes to Non-Consolidated Financial
Statements
Accordingly, the Business Report, the Consolidated Financial Statements and Non-Consolidated Financial Statements that are included in the paper-based documents
are part of the documents included in the scope of audits by the Financial Auditor and the Audit & Supervisory Committee Members when they create their respective
audit reports.
● Should there be any revisions to matters subject to measures for electronic provision, a comparison between old information and revised information will be postedon the websites mentioned above.
● A social event for shareholders after the General Meeting of Shareholders will not be held this year.

-2-Reference Documents for the General Meeting of Shareholders
Proposal No. 1: Appropriation of Surplus
The Company proposes the appropriation of surplus as outlined below:

1. Year-end dividend
The Company considers returning profits to shareholders as an important management imperative. It follows a basic
policy to pay continuous and stable dividends, while improving financial strength and enhancing managementfoundation through profit-oriented corporate activities.
Based on this policy, the Company proposes to pay a year-end dividend of 22 yen per share for the fiscal year underreview, which is unchanged from the most recent dividend forecast. With a regular dividend of 22 yen per sharealready paid as an interim dividend in December 2022 and a commemorative dividend of 5 yen for the 70th
anniversary of the launch of Bond, synthetic adhesive products, the annual dividend will be 49 yen per share, anincrease of 5 yen from the previous fiscal year.
 Type of dividend property

Cash Allotment of dividend property and its total
amount22 yen per common share of the Company
Total amount: 778,990,058 yen Effective date of dividends of surplus

June 21, 2023

2. Appropriation of other surplus
The Company proposes the following appropriation of other retained earnings in an effort to reinforce themanagement foundation for future business developments by using them as investments for improving corporate
value and other purposes.
 Item and amount of reduction in surplus

Retained earnings
brought forward

2,000,000,000 yen (2 billion yen)

 Item and amount of increase in surplus

General reserve2,000,000,000 yen (2 billion yen)-3-

Proposal No. 2:

Election of Eight (8) Directors (Excluding Directors Who Are Audit andSupervisory Committee Members)

The terms of office of all seven (7) Directors (excluding directors who are Audit and Supervisory Committee
members; the same applies hereinafter in this proposal) will expire at the conclusion of this General Meeting of
Shareholders. Outside Director Mr. Makoto Kimura retired as of March 31, 2023. Accordingly, the Company
proposes the election of eight (8) Directors including two (2) Outside Directors.
The Company has nominated persons who are capable of making contributions to the sustainable growth as well
as long-term maximization of corporate value of the Company and its group and resolved matters at the Board of
Directors meeting after a deliberation at the voluntary Nomination and Remuneration Committee (the majority ofwhose members are Outside Directors).
Listed below are the candidates for Directors:
Candidate
No.

Name(Date of Birth)

Career summary, positions, and responsibilities in the Company(Significant concurrent positions outside the Company)
Apr. 1979
Apr. 2004
Apr. 2006
Apr. 2008

Takashi Yokota

1
Reappointment(July 12, 1953)

June 2009
Apr. 2011
Apr. 2013
Apr. 2017
Apr. 2018
Apr. 2021

Joined the Company
Head of Business Department I, Sales Division, Bond Division
Head of Tochigi Factory, Production Division, Bond Division
Executive Officer, Head of Production Division, Business
Promotion Division
Director, Head of Production Division, Bond Division
Managing Director, Head of Bond Division
President and Representative Director
Joint Representative, Konishi Group and CEO, Bond Group
CEO, Bond Group
Chairman and Representative Director and Group CEO (to thepresent)

Number of theCompany’s
shares held

68,500 shares(Significant concurrent positions outside the Company)
Chairman and Representative Director, Wall Bond Industry Co., Ltd.
Chairman and Representative Director, Sunrise Corporation
Chairman and Representative Director, Maruyasu & Co., Ltd.
Reasons for election of the candidate
Mr. Takashi Yokota has served as Head of the Production Division, Bond Division, Head of Bond Division and President andRepresentative Director. He has considerable experience as a corporate manager. The Company nominates him as a candidate for
Director in the expectation that he will continue to serve for the enhancement of the Group’s corporate value and play his full part insupervising management execution for the entire Group by leveraging such experience.

-4-

Candidate
No.

Name
(Date of Birth)

Career summary, positions, and responsibilities in the Company(Significant concurrent positions outside the Company)
Apr. 1984
Apr. 2012
Apr. 2014
June 2014
Apr. 2015

Keiichi Oyama

2(August 14, 1960)

June 2016
Apr. 2017
Oct. 2017
Apr. 2018
Apr. 2019
Sep. 2019
Apr. 2021

Reappointment

Joined the Company
Head of Construction Business Department, Bond Sales
Division, Bond Division
General Manager of Corporate Planning Department,
President’s Office
Executive Officer, Head of President’s Office and General
Manager of Personnel Department
General Manager of Konishi Group General Administration
Department
Director
CEO, Overseas Business GroupCEO of R&D/Production/Logistics Group and Head of
R&D/Production Division
Managing Executive Officer
Head of Bond Sales Division, Bond Group
Head of Kanto Branch Office
President and Representative Director (to the present)

Number of theCompany’s
shares held

103,100 shares(Significant concurrent positions outside the Company)
Chairman and Representative Director, Bond Chemical Co., Ltd.
Reasons for election of the candidate
Mr. Keiichi Oyama has engaged in the sales and administration departments for many years and served as Head of the Construction
Business Department (under the Bond Sales Division, Bond Division), President’s Office, and R&D and Production Division. He
has considerable experience as a corporate manager. The Company nominates him as a candidate for Director in the expectation that
he will continue to serve for the enhancement of the Group’s corporate value and play his full part in supervising management
execution for the entire Group by leveraging such experience.
Apr. 1980
Apr. 2007
Apr. 2011

Satoru Kusakabe

3
Reappointment(May 31, 1957)

Apr. 2012
June 2012
Apr. 2013
Apr. 2015
Apr. 2017
Apr. 2021

Joined the Company
Head of Construction Business Department, Bond Sales
Division, Business Promotion Division
Executive Officer, Head of Civil Engineering & Construction
Division, Bond Division
Head of Bond Sales Division, Bond Division
Director (to the present)
Head of Bond Sales Division
Managing Executive Officer
Senior Managing Executive Officer (to the present)CEO, Civil Engineering & Construction GroupIn charge of Construction Business Group (to the present)

48,100 shares(Significant concurrent positions outside the Company)
President and Representative Director, Bond Engineering Co., Ltd.
Chairman and Representative Director, Konishi Kouei Co., Ltd.
Chairman and Representative Director, KAKUMARU KENSETSU Co., Ltd.
Reasons for election of the candidate
Mr. Satoru Kusakabe has engaged in the sales department for many years and served as Head of the Civil Engineering & Construction
Division (under Bond Division) and Bond Sales Division and CEO of the Civil Engineering & Construction Group. He has
considerable experience as a corporate manager. The Company nominates him as a candidate for Director in the expectation that hewill continue to serve for the enhancement of the Group’s corporate value and play his full part in supervising management execution
for the division he is in charge of by leveraging such experience.

-5-

Candidate
No.

Name
(Date of Birth)

Career summary, positions, and responsibilities in the Company(Significant concurrent positions outside the Company)
Apr. 1985
Apr. 2010
Apr. 2012
Apr. 2014
Apr. 20172018
Hirofumi Matsubata June
Apr. 20194(April 9, 1961)
Apr. 2021

Reappointment

Joined the Company
Head of Industrial Business Department, Sales Division, Bond
Division
Head of Industrial Business Department I, Bond Sales Division,
Bond Division
Executive Officer, Deputy Head of Bond Sales Division
Senior Executive Officer
Head of Bond Sales Division, Bond Group
Director (to the present)
Managing Executive Officer (to the present)
CEO of R&D/Production Group and Head of R&D/Production
Division
Head of Chemical Products Division (to the present) andHead of Kanto Branch Office (to the present)

Number of theCompany’s
shares held

15,100 shares(Significant concurrent positions outside the Company)
Komisaris, PT.KONISHI INDONESIA
Reasons for election of the candidate
Mr. Hirofumi Matsubata has engaged in the sales department for many years and served as Head of the Bond Sales Division (underthe Bond Group) and R&D and Production Division. He has considerable experience as a corporate manager. The Company
nominates him as a candidate for Director in the expectation that he will continue to serve for the enhancement of the Group’s
corporate value and play his full part in supervising management execution for the division he is in charge of by leveraging such
experience.
Apr. 1984
Apr. 2009
Apr. 2012
Apr. 2015

Toshihiko Iwao

5
Reappointment

Jan. 2016
Apr. 2017(June 4, 1960)
June 2018
Apr. 2020
Apr. 2021
Apr. 2022
Apr. 2023

Joined the Company
Head of General-Use Products Business Department II, Sales
Division, Bond Division
Head of General-Use Products Business Department I, Bond
Sales Division, Bond Division
Executive Officer, Head of Business Department I, Bond Sales
Division
Head of Business Department III, Bond Sales Division
Senior Executive Officer
Head of Civil Engineering & Construction Sales Division, Civil
Engineering & Construction Group
Director (to the present)
Managing Executive Officer (to the present)
Head of Bond Division (to the present) and Civil Engineering &Construction Sales Division
Head of Production Division
Head of R&D/Production Division (to the present)

20,200 shares

Reasons for election of the candidate
Mr. Toshihiko Iwao has engaged in the sales department for many years and served as Head of the Civil Engineering & Construction
Sales Division. He has considerable experience as a corporate manager. The Company nominates him as a candidate for Director in
the expectation that he will continue to serve for the enhancement of the Group’s corporate value and play his full part in supervising
management execution for the division he is in charge of by leveraging such experience.

-6-

Candidate
No.

Name
(Date of Birth)

Career summary, positions and responsibilities in the Company(Significant concurrent positions outside the Company)
Apr. 1990
Apr. 2013
Apr. 2014

Shinichi Okamoto(January 17, 1965)

6

Apr. 2018
Apr. 2021
Apr. 2022
May 2022
Apr. 2023

New election

Joined the Company
General Manager of Corporate Planning Department,
President’s Office
General Manager of Accounting Administration Department,
Administrative Headquarters
Executive Officer, Deputy Head of Administrative Headquarters
Head of Administrative Headquarters
Seconded to Sunrise Corporation
Managing Director, Sunrise Corporation(to the present)
Managing Executive Officer (to the present)
Head of Administrative Headquarters in charge of Personnel
Department and Corporate Planning Department (to the present)

Number of theCompany’s
shares held

5,800 shares(Significant concurrent positions outside the Company)
Chairman and Komisaris, PT.KONISHI LEMINDO INDONESIA
Reasons for election of the candidate
Mr. Shinichi Okamoto has engaged in the research & development department and administration department for many years, andserved as Head of the Administrative Headquarters and Director of an affiliate company. He has considerable experience as acorporate manager. The Company nominates him as a candidate for Director in the expectation that he will continue to serve for theenhancement of the Group’s corporate value and play his full part in supervising management execution for the division he is incharge of by leveraging such experience.

Keiko Takase(June 27, 1952)

Apr. 1984
Apr. 1984
Apr. 1989
Dec. 2013
June 2015
Oct. 2021

Admitted to Osaka Bar Association (to the present)
Joined Kishida General Law Office
Joined Takase Law Office (to the present)
Member of Osaka Prefectural Public Safety Commission
Outside Director of the Company (to the present)
Chairperson, Osaka Prefectural Public Safety Commission-

7
Reappointment

Reasons for election of the candidate and outline of expected roles
Ms. Keiko Takase has considerable experience and expertise as a lawyer, as well as deep insight, serving as Chairperson of the
Osaka Prefectural Public Safety Commission. The Company nominates her as a candidate for Outside Director in the expectationthat she will continue to strengthen corporate governance of the Group by leveraging such experience. She does not have any
previous experience of engaging in corporate management other than as an outside director; however, the Company believes thatshe should be able to perform her duties appropriately based on the above reasons.

-7-

Candidate
No.

Name
(Date of Birth)

Career summary, positions and responsibilities in the Company(Significant concurrent positions outside the Company)
Apr. 2004
Aug. 2006
Apr. 2007
Apr. 2013
Mar. 2021
Apr. 2021

Yosuke Higo
(January 26, 1976)8
New election

Number of theCompany’s
shares held

Researcher, Geo-Analysis Group, Geo-Research InstituteResearch Associate, Department of Civil and Earth Resources
Engineering, Graduate School of Engineering, Kyoto University
Assistant Professor, Department of Civil and Earth Resources
Engineering, Graduate School of Engineering, Kyoto University
Associate Professor, Department of Urban Management,
Graduate School of Engineering, Kyoto University
Professor, Department of Urban Management, Graduate Schoolof Engineering, Kyoto University (to the present)
Professor, Graduate School of Management, Kyoto University(to the present)(Significant concurrent positions outside the Company)
Professor, Department of Urban Management, Graduate School of Engineering,
Kyoto University
Professor, Graduate School of Management, Kyoto University
Road Disaster Prevention Doctor, the Ministry of Land, Infrastructure, Transport
and Tourism
Member, River Levee Research Committee, Japan Institute of Country-ology andEngineering
Technical Advisor, Kansai Branch, West Nippon Expressway Co., Ltd.
Member, Structural Technology Committee, Hanshin Expressway Co., Ltd.
Member, Naniwasuji Line Technological Review Committee, Kansai Rapid
Railway Co., Ltd.

-

Reasons for election of the candidate and outline of expected roles
Mr. Yosuke Higo has deep insight and experience as a professor of Graduate School of Engineering and a professor of Graduate
School of Management. The Company nominates him as a candidate for Outside Director in the expectation that he will contributeto strengthening the Company’s management by leveraging such insight and experience. He does not have any previous experienceof directly engaging in corporate management; however, the Company believes that he should be able to perform his duties
appropriately based on the above reasons.
(Note 1) There are no special conflicts of interest between each of the candidates and the Company.
(Note 2) Ms. Keiko Takase and Mr. Yosuke Higo are candidates for Outside Director.
(Note 3) Ms. Keiko Takase is an incumbent Outside Director of the Company and will have been in office as Outside Director for eight years at the conclusion of thismeeting.
(Note 4) The Company has entered into agreements with Ms. Keiko Takase to limit her liabilities for damages caused by negligence of her duties, in accordance withthe provision of Article 427, Paragraph 1 of the Companies Act. The amount of the limitation on her liabilities under these agreements shall be the amountas stipulated in laws and regulations, and the Company intends to extend the agreements upon the approval of the reappointment of Ms. Keiko Takase.
(Note 5) If Mr. Yosuke Higo is elected and approved, Company will enter into agreements with Mr. Yosuke Higo to limit his liabilities for damages caused by
negligence of his duties, in accordance with the provision of Article 427, Paragraph 1 of the Companies Act. The amount of the limitation on his liabilities
under these agreements shall be the amount as stipulated in laws and regulation.
(Note 6) The Company has entered into a directors’ and officers’ liability insurance policy with an insurance company as stipulated in Article 430-3, Paragraph 1 of
the Companies Act, with directors, etc. as the insured; any loss incurred by the insured in the event that a claim is made against damages arising from an act
by the insured including Directors of the Company in performing his/her duties as a Director (except for the case of violation of laws and regulations ) shallbe covered by the policy. The Company will renew the insurance policy to the same effect at the next expiry, with the candidates as the insured upon theapproval of their appointment.
(Note 7) Ms. Keiko Takase meets the independence criteria of the Company and the requirements for an independent officer as stipulated by Tokyo Stock Exchange,
Inc., and the Company has registered her as Independent Director as required by the Tokyo Stock Exchange, Inc.
(Note 8) Mr. Yosuke Higo meets the independence criteria of the Company and the requirements for an independent officer as stipulated by Tokyo Stock Exchange,
Inc., and the Company intends to register him as Independent Director at the Tokyo Stock Exchange, Inc. upon the approval of his appointment.
(Note 9) The “number of the Company’s shares held” indicates the number as of March 31, 2023.

-8-

Proposal No. 3:

Election of Four (4) Directors Who Are Audit and Supervisory Committee
Members

The terms of office of all four (4) Directors who are Audit & Supervisory Committee Members will expire at theconclusion of this General Meeting of Shareholders. Accordingly, the Company proposes the election of four (4)Directors who are Audit & Supervisory Committee Members.
The Audit and Supervisory Committee has agreed to this Proposal.
Listed below are the candidates for Directors who are Audit & Supervisory Committee Members:
Candidate
No.

Name(Date of Birth)

Career summary, positions, and responsibilities in the Company(Significant concurrent positions outside the Company)
Apr. 1982
Apr. 2011

Shinya Enomoto(October 24, 1958)

1

Apr. 2013
Jan. 2015
Apr. 2018
Apr. 2020
June 2020
June 2021

Joined the Company
Seconded to Keyang Fine Chemical (Suzhou) Co., Ltd. (General
Manager)
Head of Shiga Factory
Head of Tochigi Factory
General Manager of Administration Department, Civil
Engineering and Development Department
Councilor of Internal Auditing Office
Full-time Audit and Supervisory Board Member
Director (Full-time Audit and Supervisory Committee Member)(to the present)

Number of theCompany’s
shares held

3,000 shares

Reappointment

Reasons for election of the candidate
Mr. Shinya Enomoto has engaged in the research & development department for many years. He has considerable group management
experience as General Manager of Keyang Fine Chemical (Suzhou) Co., Ltd. He also has considerable experience and deep insight
through his experience in production, sales, and internal audit departments, and plays an important role in the Company’s internal
audit as a full-time member of the Audit & Supervisory Committee. Based on his insight and track record, etc., the Company
nominates him as a candidate for Director who is an Audit & Supervisory Committee Member in the expectation that he will continue
to help enhance the audit and supervisory function of the Group’s management.

-9-

Candidate
No.

Name
(Date of Birth)

Career summary, positions, and responsibilities in the Company(Significant concurrent positions outside the Company)
Apr. 1972
June 2000
May 2003
June 2006
June 2009
Apr. 2011
Apr. 2015
Jan. 2016
June 2017

Kenji Kawada

2(March 29, 1950)

Reappointment

June 2018
June 2021
Sept. 2022

Joined The Saitama Bank, Ltd.
Executive Officer, Asahi Bank, Ltd.
President and Representative Director, Resona Holdings, Inc.
President and Representative Director, Saitama Resona Bank,
Ltd.
Councilor, Resona Research Institute Co., Ltd.
Managing Councilor, Fujitsu Research InstituteSenior Advisor, Fujitsu Research InstituteRepresentative of TMA KAWADA OFFICE (to the present)
Outside Director, Takara Reben Co., Ltd. (currently MIRARTH
Holding) (to the present)
Outside Director, PE&HR Co., Ltd. (to the present)
Outside Audit & Supervisory Board Member of the Company
Outside Director (Audit and Supervisory Committee Member)of the Company (to the present)
Director of METRIKA, Inc. (to the present)

Number of theCompany’s
shares held

3,400 shares(Significant concurrent positions outside the Company)
Representative of TMA KAWADA OFFICE (to the present)
Outside Director of MIRARTH Holdings, Inc.
Outside Director of PE&HR Co., Ltd.
Director of METRIKA, Inc.
Reasons for election of the candidate and outline of expected roles
Mr. Kenji Kawada is well-versed in corporate management, finance and accounting and has considerable experience and deep insight
through his engagement in banking management for many years, and plays an important role in the Company’s internal audit as amember of the Audit & Supervisory Committee. Based on his insight and track record, etc., the Company nominates him as a
candidate for Outside Director who is an Audit & Supervisory Committee Member in the expectation that he will continue to help
enhance the audit and supervisory function of the Group’s management.
Apr. 1976
May 2006
May 2007
May 2009
May 2011

3
Reappointment

Motoyuki Nakata

May 2013(February 28, 1954)

May 2014
June 2019
June 2021

Joined Kintetsu Department Store Co., Ltd.
Executive Officer, Manager of Uehonmachi store, Kintetsu
Department Store Co., Ltd.
Executive Officer, Manager of Nara store, Kintetsu Department
Store Co., Ltd.
Director, Manager of Yokkaichi store, Kintetsu Department
Store Co., Ltd.
Director, Managing Executive Officer, and Manager of Main
Store, Kintetsu Department Store Co., Ltd.
Director, Senior Managing Executive Officer, and Manager ofMain Store, Kintetsu Department Store Co., Ltd.
Representative Director and Vice President, Kinsho Store Co.,Ltd.
Outside Audit & Supervisory Board Member of the Company
Outside Director (Audit and Supervisory Committee Member)of the Company (to the present)

2,600 shares

Reasons for election of the candidate and outline of expected roles
Mr. Motoyuki Nakata is well-versed in corporate management and has considerable experience and deep insight through his
engagement in department store management for many years, and plays an important role in the Company’s internal audit as amember of the Audit & Supervisory Committee. Based on his insight and track record, etc., the Company nominates him as a
candidate for Outside Director who is an Audit & Supervisory Committee Member in the expectation that he will continue to help
enhance the audit and supervisory function of the Group’s management.

- 10 -

Candidate
No.

Name
(Date of Birth)

Career summary, positions, and responsibilities in the Company(Significant concurrent positions outside the Company)
Oct. 1980
Mar. 1985
Jul 1999
July 2019

Yoshiki Yamada(January 26, 1954)

4
Reappointment

June 2020
June 2021
July 2021

Joined Tohmatsu, Awoki & Co. (currently Deloitte Touche
Tohmatsu LLC)
Registered as a Certified Public Accountant (to the present)
Partner, Tohmatsu & Co. (currently Deloitte Touche Tohmatsu
LLC)
Registered the establishment of Yoshiki Yamada CPA Office (tothe present)
Outside Audit & Supervisory Board Member of the Company
Outside Director (Audit and Supervisory Committee Member) of
the Company (to the present)
Partner, Rutland Audit Corp. (to the present)

Number of theCompany’s
shares held-

(Significant concurrent positions outside the Company)
General Manager of Yoshiki Yamada CPA OfficePartner, Rutland Audit Corp.
Reasons for election of the candidate and outline of expected roles
Mr. Yoshiki Yamada has considerable experience and deep insight in finance and accounting as a certified public accountant, andplays an important role in the Company’s internal audit as a member of the Audit & Supervisory Committee. Based on his insightand track record, etc., the Company nominates him as a candidate for Outside Director who is an Audit & Supervisory Committee
Member in the expectation that he will continue to help enhance the audit and supervisory function of the Group’s management.
He does not have any previous experience of engaging in corporate management other than as an outside officer; however, theCompany believes that he should be able to perform his duties appropriately based on the above reasons.

(Note 1) There are no special conflicts of interest between each of the candidates and the Company.
(Note 2) Mr. Kenji Kawada, Mr. Motoyuki Nakata, and Mr. Yoshiki Yamada are candidates for Outside Directors.
(Note 3) Mr. Kenji Kawada will have been in office as Outside Director who is an Audit & Supervisory Committee Member for two years at the conclusion of thismeeting. However, he has served as an Outside Audit & Supervisory Board Member for three years before being appointed as Outside Director.
(Note 4) Mr. Motoyuki Nakata will have been in office as Outside Director who is an Audit & Supervisory Committee Member for two years at the conclusion of thismeeting. However, he has served as an Outside Audit & Supervisory Board Member for two years before being appointed as Outside Director.
(Note 5) Mr. Yoshiki Yamada will have been in office as Outside Director who is an Audit & Supervisory Committee Member for two years at the conclusion of thismeeting. However, he has served as an Outside Audit & Supervisory Board Member for one year before being appointed as Outside Director.
(Note 6) The Company has entered into agreements with all of the candidates to limit their liabilities for damages caused by negligence of their duties, in accordancewith the provision of Article 427, Paragraph 1 of the Companies Act. The amount of the limitation on their liabilities under these agreements shall be theamount as stipulated in laws and regulations, and the Company intends to extend the agreements upon the approval of the reappointment of each of thecandidates.
(Note 7) The Company has entered into a directors’ and officers’ liability insurance policy with an insurance company as stipulated in Article 430-3, Paragraph 1 of
the Companies Act, with directors, etc. as the insured; any loss incurred by the insured in the event that a claim is made against damages arising from an act
by the insured including Directors of the Company in performing his/her duties as a Director (except for the case of violation of laws and regulations ) shallbe covered by the policy. The Company will renew the insurance policy to the same effect at the next expiry, with the candidates as the insured upon theapproval of their reappointment.
(Note 8) Mr. Kenji Kawada, Mr. Motoyuki Nakata, and Mr. Yoshiki Yamada meet the independence criteria of the Company and the requirements for an independent
officer as stipulated by Tokyo Stock Exchange, Inc., and the Company has registered them as Independent Directors as required by the Tokyo Stock Exchange,
Inc.
(Note 9) The “number of the Company’s shares held” indicates the number as of March 31, 2023.

- 11 -

*Directors’ Skill Matrix

Name
Takashi Yokota
Keiichi Oyama
Satoru Kusakabe
Hirofumi Matsubata
Toshihiko Iwao
Shinichi Okamoto

Position
Chairman and
Representative Director
President andRepresentative Director
Director and Senior
Managing Executive
Officer
Director and Managing
Executive Officer
Director and Managing
Executive Officer
Director and Managing
Executive Officer

Keiko Takase

Outside Director

Yosuke Higo

Outside Director

Shinya Enomoto
Kenji Kawada
Motoyuki Nakata
Yoshiki Yamada

Director (Full-time Audit
and Supervisory
Committee Member)
Outside Director (Audit
and Supervisory
Committee Member)
Outside Director (Audit
and Supervisory
Committee Member)
Outside Director (Audit
and Supervisory
Committee Member)Management

Production/
R&D

Marketing/
Sales

Finance/
Accounting

Legal / Risk
management

Personnel/
Labor

◯

◯

◯

◯

◯

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