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: 5852
May 31, 2019
To our shareholders:
Arata Takahashi, President, CEO
Ahresty Corporation[Head Office and Headquarters]
1-2 Nakabara, Mitsuya-cho, Toyohashi-shi, Aichi[Tokyo Head Office]2-46-1 Honcho, Nakano-ku, TokyoNOTICE OF THE 98th GENERAL MEETING OF SHAREHOLDERS
You are cordially invited to attend the 98th General Meeting of Shareholders of Ahresty Corporation (the“Company”) on June 19, 2019 (Japan Standard Time), which will be held as described hereunder.
Please note that if you are unable to attend the meeting on the specified date, you can still exercise your voting
rights online or by post. Please cast your vote upon reviewing the “Reference Documents for the General Meetingof Shareholders,” provided towards the end of this document.
1. Date and Time: Wednesday, June 19, 2019 at 10:00 a.m. (Japan Standard Time)
2. Venue:
NAKANO SUNPLAZA, 13th floor, Cosmo Room
4-1-1 Nakano, Nakano-ku, Tokyo
3. Purpose of the Meeting
Matters to be reported:
1. Business Report and Consolidated Financial Statements for the 98th fiscal year (from April 1, 2018 toMarch 31, 2019) and Reports of Audit on the Consolidated Financial Statements by the Accounting
Auditor and the Audit and Supervisory Committee
2. Non-Consolidated Financial Statements for the 98th fiscal year (from April 1, 2018 to March 31, 2019)
Matters to be resolved:
Proposal No. 1
Election of Six (6) Directors (excluding Directors Serving as the Audit and Supervisory
Committee Members)
Proposal No. 2
Election of Five (5) Directors Serving as the Audit and Supervisory Committee
Members
4. Guidelines for exercising your voting rights
Please refer to the [Guidelines for exercising your voting rights] on the Page 2 (in Japanese only).
5. Issues related to Internet disclosure
Of the documents that need to be submitted for the shareholders’ meeting, the Company has posted thefollowing items from the attached documents on its website, in compliance with laws and regulations and Article
14 of Articles of Incorporation. The said items are not provided with this notice.
(i) Business Report “Status of subscription rights to shares”(ii) Notes to the Consolidated Financial Statements(iii) Notes to the Non-Consolidated Financial Statements-1-

The documents attached to this meeting notification are part of the Business Report, Consolidated Financial
Statements and Non-Consolidated Financial Statements audited by the accounting auditor and the Audit andSupervisory Committee when creating an audit report.
- All the attendees are kindly requested to submit the enclosed voting form to our reception desk at the venue on the day of meeting.
- If there are any changes to the Reference Documents for the General Meeting of Shareholders, the Business Report, theConsolidated Financial Statements, or the Non-Consolidated Financial Statements, they will be posted on the Company’s website.
Official Website (https://www.ahresty.co.jp)-2-Reference Documents for the General Meeting of Shareholders
Proposal No. 1

Election of Six (6) Directors (excluding Directors Serving as the Audit and Supervisory
Committee Members)

The term of office of all six (6) Directors (excluding Directors Serving as the Audit and Supervisory Committee
Members) will expire at the conclusion of this General Meeting of Shareholders. Accordingly, we request theelection of six (6) Directors (excluding Directors serving as the Audit and Supervisory Committee Members). In
addition, the candidates for election as Directors (excluding Directors serving as the Audit and Supervisory
Committee Members) are determined on the basis of the report of the Nomination and Compensation Committee,
in which the majority of members are composed of outside Directors. The Audit and Supervisory Committee
judges all candidates to be appropriate in consideration of their contribution to the improvement of the corporate
value of the Company.
The candidates for election as Directors (excluding Directors serving as the Audit and Supervisory Committee
Members) are as follows:
Candidate
Name
No.
1
Arata Takahashi
2Junji Ito3

Shinichi Takahashi

4Shinichi Gamou

5

Naoyuki Kaneta

6

Kenichi Nonaka

Current position/areas of responsibility in the Company
President, CEO
Director, Managing Executive Officer, Chief of Manufacturing
CommandDirector, Managing Executive Officer, General Administrative
CommandDirector, Managing Executive Officer, General Manager, Tokai
Plant
Director, Managing Executive Officer, Chief of Sales Command
Director, Executive Officer
CEA (Chief Engineering Advisor)
Chairman of Ahresty Tochigi Corporation-3-

Reelection
Reelection
Reelection
Reelection
Reelection
Reelection

Candidate
No.

Name
(Date of birth)

Career summary, positions and areas of responsibility(significant concurrent positions outside the Company)
Apr. 1979
Oct. 1986

Arata Takahashi(November 2, 1955)
1

2

3

Reelection

June 1987
May 1994
June 1995
June 1997
Oct. 1997

Joined Ahresty Corporation
Director, Fuso Light Alloys of America
Corporation (current Ahresty Wilmington
Corporation)
Director, Ahresty Corporation
Chairman, Ahresty Wilmington Corporation
Senior Executive Director, Ahresty Corporation
Vice President, Ahresty Corporation
President, Ahresty Corporation (current
position)
Director, Kyoto Die Casting Co., Ltd.
Executive Officer, Ahresty Corporation
Senior Executive Officer, Ahresty Corporation
CEO, Ahresty Corporation (current position)

Number of theCompany’s shares
held931,612June 2001
July 2001
June 2003
June 2005(Reason for nomination as candidate for Director)
Mr. Arata Takahashi has long-standing achievements in leading the entire Group as Group’s management and abundant
knowledge in the overall business. In consideration of the above, it was judged that he is appropriate for Director.
Apr. 1978
Joined Ahresty Corporation
Apr. 2010
General Manager, Toyohashi Plant, Ahresty
Corporation
Oct. 2013
Executive Officer, Ahresty Corporation
Junji Ito
General Manager, Advance Production(June 3, 1955)
9,923
Engineering Dept., Ahresty Corporation
June 2016
Managing Executive Officer, Ahresty
Reelection
Corporation (current position)
June 2017
Chief, Manufacturing Command, Ahresty
Corporation (current position)
Director, Ahresty Corporation (current position)(Reason for nomination as candidate for Director)
Mr. Junji Ito has proven achievements in controlling the manufacturing division of the Group as Chief of
Manufacturing Command of the Company as well as past experience and knowledge as General Manager of a plant andExecutive Officer. In consideration of the above, it was judged that he is appropriate for Director.
Apr. 2005
Joined Hitachi, Ltd.
Apr. 2009
Joined Ahresty Corporation
Jan. 2011
Director, Ahresty Wilmington Corporation
Apr. 2014
General Manager, IT System Dept., Ahresty
Shinichi Takahashi
Corporation(October 21, 1980)
8,845
June 2016
Executive Officer, Ahresty Corporation
June 2017Managing Executive Officer, Ahresty
Reelection
Corporation (current position)
Chief, General Administrative Command,
Ahresty Corporation
Director, Ahresty Corporation (current position)(Reason for nomination as candidate for Director)
Mr. Shinichi Takahashi has proven achievements in controlling the general administrative division of the Group as
Chief of General Administrative Command of the Company as well as past experience in management and knowledge
as Director of an overseas subsidiary and Executive Officer. In consideration of the above, it was judged that he isappropriate for Director.

-4-Candidate
No.

Name
(Date of birth)

Career summary, positions and areas of responsibility(significant concurrent positions outside the Company)
Oct. 1982
May 2002

Shinichi Gamou(August 18, 1955)
4

Reelection

Apr. 2008
Oct. 2011

Apr. 2013
June 2013
July 2015
Apr. 20195

Joined Sugahara Precision Industry Co., Ltd.
(Currently Ahresty Yamagata Corporation)
Director, General Manager of Plant, Sugahara
Precision Industry Co., Ltd.
President, Ahresty Yamagata Corporation
Executive Officer, Ahresty Corporation
Director and President, Guangzhou Ahresty
Casting Co., Ltd.
Managing Executive Officer, Ahresty
Corporation (current position)
Director, Ahresty Corporation (current position)
President, Ahresty Mexicana, S.A. de C.V.
Chairman, Ahresty Wilmington Corporation
General Manager, Tokai Plant, Ahresty
Corporation (current position)

Number of theCompany’s shares
held

1,100

(Reason for nomination as candidate for Director)
Mr. Shinichi Gamou has accumulated achievements and knowledge in controlling the overseas subsidiaries in addition
to his management experience in Japan. In consideration of the above, it was judged that he is appropriate for Director.
Apr. 1983
Joined Ahresty Corporation
June 2006
General Manager, Western Japan Die Casting
Sales Dept., Ahresty Corporation
Mar. 2007
Executive Officer, Ahresty Corporation
Naoyuki Kaneta
Deputy Chief, Sales Command; General(April 26, 1964)
Manager, Die Casting Sales Dept., Ahresty
17,023
Corporation
Reelection
May 2008
Chief, Sales Command, Ahresty Corporation(current position)
Apr. 2011
Managing Executive Officer, Ahresty
Corporation (current position)
June 2015
Director, Ahresty Corporation (current position)(Reason for nomination as candidate for Director)
Mr. Naoyuki Kaneta has proven achievements in controlling the sales division of the Group as Chief of Sales Commandof the Company as well as abundant experience in sales in the past. In consideration of the above, it was judged that heis appropriate for Director.

-5-Candidate
No.

Name
(Date of birth)

Career summary, positions and areas of responsibility(significant concurrent positions outside the Company)
Apr. 1967
June 1991
July 1994

Jan. 1999
May 1999

Kenichi Nonaka(January 28, 1949)
6

Reelection

Mar. 2001
July 2001
Jan. 2005

June 2005
Oct. 2008
Jan. 2011
Apr. 2011
June 2011

June 2017

Joined Ahresty Corporation
Director and General Manager, Administration
Dept., Ahresty Kumamoto Corporation
General Manager, Quality Management Dept.
and TQM Promotion Office, Ahresty
Corporation
General Manager, General Affairs Dept.,
Ahresty Corporation
General Manager, General Affairs Dept. andManagement Planning Office, Ahresty
Corporation
President, Ahresty Wilmington Corporation
Executive Officer, Ahresty Corporation
Senior Executive Officer, Ahresty Corporation
General Manager, Toyohashi Plant, Ahresty
Corporation
Executive Officer, Ahresty Corporation
President, Ahresty Wilmington Corporation
Chief, Manufacturing Command, Ahresty
Corporation
Managing Executive Officer, Ahresty
Corporation
Director, Ahresty Corporation (current position)
Senior Managing Executive Officer, Ahresty
Corporation
Executive Officer, Ahresty Corporation (current
position)
Chairman, Ahresty Tochigi Corporation(current position)

Number of theCompany’s shares
held13,148(Reason for nomination as candidate for Director)
Mr. Kenichi Nonaka has proven achievements in contributing to the advancement of the manufacturing technology of
the Group as CEA (Chief Engineering Advisor) of the Company as well as past experience and knowledge in overseas
management. In consideration of the above, it was judged that he is appropriate for Director.
(Note) There are no conflicts of interest between each candidate and the Company.

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Proposal No. 2

Election of Five (5) Directors Serving as the Audit and Supervisory Committee Members

The term of office of all five (5) Directors serving as the Audit and Supervisory Committee Members will expire at
the conclusion of this General Meeting of Shareholders. Accordingly, we request the election of five (5) Directors
serving as the Audit and Supervisory Committee Members. In addition, the candidates for Directors serving as the
Audit and Supervisory Committee Members are determined on the basis of the report of the Nomination andCompensation Committee, in which the majority of members are composed of outside Directors. The Audit andSupervisory Committee consents to this proposal.
[Ahresty Corporation Independent Director Election Standards]
In addition to the standards stipulated in the Companies Act and by the Tokyo Stock Exchange, the election will beheld in accordance with the “Independent Director Election Standards” (established in October 2015) related toindependence from the Company for electing outside Directors, and efforts will be made to eliminate the risk of
conflict of interest with general shareholders.
[Broad Overview of Independent Director Election Standards]
1. The candidate should not be currently serving or in the past ten years served as an Executive Director of the
Ahresty Group
2. The candidate should not be currently serving or in the past five years served as a Director, Statutory Auditor,
Executive Officer or any other position in a major shareholder, etc. of the Company
3. The candidate should not be a person who executes business or an employee serving any other role at any
major customer/supplier of the Ahresty Group. Major customer/supplier refers to a buyer whose trade amountaccounts for 2% or more of consolidated sales of the Ahresty Group or a supplier whose trade amount with the
Ahresty Group accounts for 2% or more of consolidated sales of the customer/supplier in the past three fiscal
years.
4. The candidate should not be a Director or any other officer, or an employee of a non-profit organization, etc.,
receiving donations of a certain amount or above from the Ahresty Group. A certain amount refers to ¥10
million or an amount that is 2% or more of the total revenue of the organization, on average over the past threefiscal years.
5. The candidate should not be an attorney at law, a certified public accountant or licensed tax accountant, or any
other consultant who has received money or other economic benefits of at least a certain amount other thanofficer remuneration from the Ahresty Group, in the past three fiscal years. A certain amount refers to ¥10
million or more annually, on average over the past three years.
6. The candidate should not be a spouse or relative, etc., within the second degree of kinship of a person who falls
under the following.
(1) Currently serving or in the past five years served as a Director, Statutory Auditor, or a significant
employee of the Company(2) Currently serving or in the past five years served as a Director of subsidiaries of the Company(3) Persons for which assuming office is restricted as provided in 2 to 5 above-7-

The candidates for election as Directors serving as the Audit and Supervisory Committee Members are as follows:
Candidate
Name
No.
1
Hiroshi Ishimaru

Current position/areas of responsibility in the Company
Director, Audit and Supervisory Committee Member

2

Akihiko Shido

Director, Audit and Supervisory Committee Member

3

Shuhei Shiozawa

Director, Audit and Supervisory Committee Member

4Masahito Saotome

Director, Audit and Supervisory Committee Member

5

Akiyoshi Mori

-8-

Reelection
Reelection
Outside Director
Independent
Officer
Reelection
Outside Director
Independent
Officer
Reelection
Outside Director
Independent
Officer
New election
Outside Director
Independent
OfficerCandidate
No.

Name
(Date of birth)

Career summary, positions and areas of responsibility(significant concurrent positions outside the Company)
Apr. 1981
Aug. 1997
Mar. 2001
July 2001
May 2003
Sept. 2003

1

Hiroshi Ishimaru(December 28, 1956)

Mar. 2007
Apr. 2010

Reelection

June 2010
Apr. 2011
June 2011
Apr. 2013
June 2017

Joined Ahresty Corporation
President, Ahresty Wilmington Corporation
General Manager, International Business Officeand Engineering Dept., Ahresty Corporation
Executive Officer, Ahresty Corporation
General Manager, China Project, Ahresty
Corporation
Director and President, Guangzhou Ahresty
Casting Co., Ltd.
Executive Officer, Ahresty Corporation
Chief, Quality Assurance Command, Ahresty
Corporation
Director, Ahresty Corporation
Managing Executive Officer, Ahresty
Corporation
Senior Managing Executive Officer, Ahresty
Corporation
Chief, General Administrative Command,
Ahresty Corporation
Director [Audit and Supervisory Committee
Member], Ahresty Corporation (current
position)

Number of theCompany’s shares
held

5,933

(Reason for nomination as candidate for Director)
Mr. Hiroshi Ishimaru has proven achievements in controlling the general administrative division of the Group as Chiefof General Administrative Command of the Company as well as past experience and knowledge in overseas
management. In consideration of the above, it was judged that he is appropriate for Director serving as the Audit andSupervisory Committee Member.

-9-Candidate
No.

Name
(Date of birth)

Career summary, positions and areas of responsibility(significant concurrent positions outside the Company)
Apr. 1968

2

Number of theCompany’s shares
held

Joined Yorozu Automobile Works (Currently
Yorozu Corporation)
June 1983
Director, Yorozu Automobile Works
June 1992
Executive Senior Managing Director, Yorozu
Corporation
June 1996
Vice President, Yorozu Corporation
June 1998
President, Yorozu Corporation
June 2001
President & CEO/COO, Yorozu Corporation
June 2007
Statutory Auditor, Ahresty Corporation
June 2008
Chairman (current position), Chief Executive
Akihiko Shido
Officer (current position), Yorozu Corporation(January 30, 1943)
June 2015
Director [Audit and Supervisory Committee
Member], Ahresty Corporation (current
29,200Reelection
position)
Outside Director
Director, Univance Corporation (outside
Independent Officer
Director) (current position)
Mar. 2018
Director, MarkLines Co., Ltd. (outside
Director) (current position)
June 2018
President, Auto Parts Center (current position)(Significant concurrent positions outside the Company)
Chairman and CEO of Yorozu Corporation, Yorozu Tochigi
Corporation, Yorozu Oita Corporation, Yorozu Aichi
Corporation, Shonai Yorozu Corporation and Yorozu Service
Corporation, Director of Univance Corporation (outside
Director), Director of MarkLines Co., Ltd. (outside Director),
President of Auto Parts Center(Reason for nomination as candidate for outside Director)
Mr. Akihiko Shido has extensive experience and insight as a manager of a globally expanding automobile parts
corporation. In consideration of the above, it was judged that he is appropriate for outside Director serving as the Audit
and Supervisory Committee Member.

- 10 -

Candidate
No.

Name
(Date of birth)

Career summary, positions and areas of responsibility(significant concurrent positions outside the Company)
Nov. 1986

3

Number of theCompany’s shares
held

Holds a Ph.D. from the University of
Minnesota (Economics)
Apr. 1987
Associate Professor, Keio University Faculty of
Economics
Apr. 1991
Visiting Research Fellow, Paris Institute of
Political Studies (Sciences Po)
Apr. 1994
Professor, Keio University Faculty of
Economics
Jan. 2001
International Economics Manager andCouncilor, Cabinet Office (Japan)
Oct. 2005
Dean of Keio University Faculty of Economics
Shuhei Shiozawa
Apr. 2008
Certified Public Accountant, Examiner(September 19, 1955)
Mar. 2012
Director, Kenedix, Inc. (outside Director)–
Reelection(current position)
Outside Director
June 2016
Director, KYB Corporation (outside Director)
Independent Officer(current position)
June 2017
Director [Audit and Supervisory Committee
Member], Ahresty Corporation (current
position)
Apr. 2019
Professor Emeritus, Keio University
Apr. 2019
President, Tokyo International University(current position)(Significant concurrent positions outside the Company)
President, Tokyo International University, Director, Kenedix,
Inc. (outside Director), Director, KYB Corporation (outside
Director)(Reason for nomination as candidate for outside Director)
Mr. Shuhei Shiozawa has never in the past been involved in the management of a company except as an outside officer.
However, he is a professor of economics specializing in theoretical economics and financial theory with extensive
experience and insight as a university professor of economics and president. In consideration of the above, it was
judged that he is appropriate for outside Director serving as the Audit and Supervisory Committee Member.

- 11 -

Candidate
No.

Name
(Date of birth)

Career summary, positions and areas of responsibility(significant concurrent positions outside the Company)
Apr. 1985
June 2004

Number of theCompany’s shares
held

Joined Nippon Light Metal Co., Ltd.
General Manager, Accounting, Planning and
Personnel Affairs, Chemicals Division, Nippon
Light Metal Co., Ltd.
June 2008
Seconded to Shin Nikkei Company, Ltd.
Oct. 2009
General Planning Department, Nippon Light
Metal Co., Ltd.
Apr. 2011
Division Manager, Group Overseas Operation
Support Division, Nippon Light Metal Co., Ltd.
Masahito Saotome
Apr. 2015
Division Manager, Metal Alloy & Industrial(January 2, 1963)
Parts Division, Nippon Light Metal Co., Ltd.
–
(current position)
Reelection
June 2015
Officer, Nippon Light Metal Co., Ltd.
Outside Director
4
June 2018
Director [Audit and Supervisory Committee
Independent Officer
Member], Ahresty Corporation (current
position)
Officer, Nippon Light Metal Holdings
Company, Ltd. (current position)
Executive Officer, Nippon Light Metal Co.,
Ltd. (current position)(Significant concurrent positions outside the Company)
Officer, Nippon Light Metal Holdings Company, Ltd.,
Executive Officer, Nippon Light Metal Co., Ltd.
(Reason for nomination as candidate for outside Director)
Mr. Masahito Saotome has extensive work experience and insight cultivated by serving as a manager of a nonferrous
metal corporation. In consideration of the above, it was judged that he is appropriate for outside Director serving as an
Audit and Supervisory Committee Member.
Apr. 1978
Registered as an attorney at law (Tokyo Bar
Akiyoshi Mori
Association)(June 15, 1948)
Apr. 1978
Joined Osaki Law Office–
New election
Apr. 2008
Mori & Kikuchi Law Office (current position)
Candidate for outside Director
Candidate for Independent
5
Officer(Reason for nomination as candidate for outside Director)
Mr. Akiyoshi Mori has never in the past been directly involved in the management of a company. However, he is acertified attorney at law with extensive experience and specialized knowledge concerning corporate legal affairs. In
consideration of the above, it was judged that he is appropriate for outside Director serving as the Audit andSupervisory Committee Member.
(Notes) 1. There is no conflict of interest between the candidate and the Company.
2. There are no trade relations between the Ahresty Group and the companies that Akihiko Shido, Shuhei Shiozawa andAkiyoshi Mori serve as executives for.
3. Nippon Light Metal Co., Ltd., one of the companies where Masahito Saotome executes business, owns 657,392 sharesof Ahresty Corporation stock. Additionally, the Ahresty Group has trade relations with the companies consolidated under
Nippon Light Metal Holdings Company, Ltd. as a supplier of aluminum raw materials. However, the total amount of thetransactions accounts for less than 0.6% of the consolidated sales of Nippon Light Metal Holdings Company, Ltd. Boththe number of shares owned and transaction amount have been judged to be insignificant in regards to any special
interest.
4. Akihiko Shido, Shuhei Shiozawa, Masahito Saotome and Akiyoshi Mori are candidates for outside Director.
5. The Company has submitted notification to the Tokyo Stock Exchange that Akihiko Shido, Shuhei Shiozawa andMasahito Saotome have been designated as independent officers as provided for by the aforementioned exchange.
6. Akiyoshi Mori satisfies the requirements for an independent officer as provided for by Tokyo Stock Exchange, and theCompany plans to submit notification to the aforementioned exchange concerning his appointment as an independent
officer.
7. Akihiko Shido, Shuhei Shiozawa and Masahito Saotome are currently outside Directors of Ahresty Corporation. At theconclusion of this meeting, Akihiko Shido’s tenure as outside Director will have been four years, and his total tenure
including service as outside Statutory Auditor will have been twelve years. At the conclusion of this meeting, Shuhei- 12 -

Shiozawa’s tenure as outside Director will have been two years. At the conclusion of this meeting, Masahito Saotome’stenure as outside Director will have been one year.
8. Pursuant to the provisions of Article 427, paragraph 1 of the Companies Act, the Company has entered into agreementswith Hiroshi Ishimaru, Akihiko Shido, Shuhei Shiozawa, and Masahito Saotome to limit their liability for damages
under Article 423, paragraph 1 of the same Act. The maximum amount of liability for damages under these agreementsis ¥4 million or the minimum liability amount provided for under Article 425, paragraph 1 of the Companies Act,
whichever is higher. If their reelection is approved, the Company plans to renew these agreements with them. If theelection of Akiyoshi Mori is approved, the Company plans to enter into the same limited liability agreement with him.

- 13 -