Note: This document has been translated from the Japanese original for reference purposes only. In the eventof any discrepancy between this translated document and the Japanese original, the original shallprevail. The Company assumes no responsibility for this translation or for direct, indirect or any otherforms of damages arising from the translation.

(Securities code: 4651)
June 7, 2021
To Shareholders with Voting Rights:
Hiroshi Munemasa
President and CEO
SANIX INCORPORATED
2-1-23, Hakataeki Higashi,
Hakata-ku, Fukuoka, Japan

Notice of the 43rd Annual General Meeting of Shareholders
You are cordially notified of the 43rd Annual General Meeting of Shareholders (the“Meeting”) of SANIX INCORPORATED (the “Company”), which will be held for the
purposes described below.
In order to prevent the risk of the spread of the novel corona virus, you are kindly
requested to refrain from visiting the venue, if possible, and exercise your voting rights inwriting using the enclosed Voting Rights Exercise Form or via the Internet. Please review theattached Reference Documents for the General Meeting of Shareholders and exercise yourvoting rights by 5:30 p.m., Monday, June 28, 2021 (JST).
[Exercise of voting rights in writing]
Please indicate your approval or disapproval of the proposals on the enclosed Voting Rights
Exercise Form and return it so that it is received by the deadline stated above.
[Exercise of voting rights via the Internet]
Please review the “Guide to Exercising Voting Rights via the Internet” (on page 4 of theJapanese version of this document), access the voting rights exercise website(https://soukai.mizuho-tb.co.jp/) (in Japanese) designated by the Company, follow the
onscreen instructions, and enter your approval or disapproval of the proposals.
1. Date and time:
2. Venue:

3. Meeting Agenda:
Matters to be reported:

Tuesday, June 29, 2021 at 10:00 a.m. (JST)(Doors will open at 9:00 a.m.)
Banquet hall “Tsukushi,” Main Building 3F,
Hotel Nikko Fukuoka, located at
2-18-25, Hakata Eki-mae, Hakata-ku, Fukuoka, Japan(No souvenirs will be distributed to those who attend themeeting in person. We would appreciate your understanding.)
1.

2.
Matters to be resolved:
Proposal 1:

Business Report and Consolidated Financial Statements
for the 43rd Fiscal Year (April 1, 2020 to March 31,2021), and results of audits of Consolidated Financial
Statements by the Accounting Auditor and the Audit andSupervisory Committee
Non-consolidated Financial Statements for the 43rd
Fiscal Year (April 1, 2020 to March 31, 2021)

Election of 10 Directors (Excluding Directors Who Are
Audit and Supervisory Committee Members)
1

Proposal 2:

Election of 6 Directors Who Are Audit and Supervisory
Committee Members~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
 If you attend the Meeting, please submit the enclosed Voting Rights Exercise Form at thereception. Please also bring this Notice with you to save resources.
 Of the documents that should be provided along with this Notice, “Systems to Ensure theAppropriateness of Operations and the Operational Status of Such Systems” of theBusiness Report, “Consolidated Statements of Changes in Net Assets” and “Notes to theConsolidated Financial Statements” of the Consolidated Financial Statements, as well as“Non-consolidated Statements of Changes in Net Assets” and “Notes to the Nonconsolidated Financial Statements” of the Non-consolidated Financial Statements areposted on the Company’s website (https://sanix.jp) pursuant to the provisions of laws andregulations and Article 14 of the Company’s Articles of Incorporation, and therefore are
not included in the attachment to this Notice. The above-mentioned “Systems to Ensure
the Appropriateness of Operations and the Operational Status of Such Systems” is a partof the Business Report audited by the Audit and Supervisory Committee in preparing its
audit report. The above-mentioned “Consolidated Statements of Changes in Net Assets”
and “Notes to the Consolidated Financial Statements” as well as “Non-consolidated
Statements of Changes in Net Assets” and “Notes to the Non-consolidated Financial
Statements” are parts of the Consolidated Financial Statements and Non-consolidated
Financial Statements audited by the Audit and Supervisory Committee and the
Accounting Auditor in preparing their audit reports and accounting audit reports.
 Please note that any revisions to the Business Report, Consolidated Financial Statements,
Non-consolidated Financial Statements and Reference Documents for the General
Meeting of Shareholders will be posted on the Company’s website (https://sanix.jp).

2Reference Documents for the General Meeting of Shareholders
Proposals and References
Proposal 1:

Election of 10 Directors (Excluding Directors Who Are Audit and Supervisory
Committee Members)

The terms of office of all 10 Directors (excluding Directors who are Audit and Supervisory Committee
Members; hereinafter the same shall apply in this proposal) will expire at the close of this Meeting.
Accordingly, the Company proposes the reelection of 10 Directors.
Regarding this proposal, the Audit and Supervisory Committee has judged each of the candidates tobe appropriate as the Company’s Director.
The candidates for Directors are as follows:
No.

Name

1 Hiroshi Munemasa

Reappointed

2 Koji Umeda

Reappointed

3 Kozo Inoue

Reappointed

4 Takeshi Inada

Reappointed

5 Koichi Mizukawa

Reappointed

6 Kenji Kaneko

Reappointed

7 Michimasa Masuda Reappointed

8 Kazuyuki Tabata

Reappointed

9 Hideki Takei

Reappointed

Current positions and responsibilities
at the Company

President and CEO

Director, Executive Corporate Officer, incharge of overall management, General
Manager of Energy Business Division
and New Electric Power Business
Department
Director, Management Corporate Officer,
General Manager of Corporate Planning
Division, Administration Division andManagement & Planning Division
Director, Management Corporate Officer,
General Manager of SE/HS/ES BusinessControl Division
Director, Management Corporate Officer,
Deputy General Manager of SE/HS/ES
Business Control Division and General
Manager of SE Business Division
Director, Management Corporate Officer,
Deputy General Manager of SE/HS/ES
Business Control Division and General
Manager of Corporate Sales Department
Director, Management Corporate Officer,
Deputy General Manager of
Administration Division and General
Manager of Energy Business Development
Department
Director, Management Corporate Officer,
General Manager of HS Business Division
Director, Management Corporate Officer,
General Manager of Environmental
Resources Development Division andOrganic Wastewater Business Department

Attendance atBoard of Directors
meetings
14/14 times(100%)

14/14 times(100%)

14/14 times(100%)
14/14 times(100%)
14/14 times(100%)
14/14 times(100%)

14/14 times(100%)
14/14 times(100%)
14/14 times(100%)

11/11 times(100%)(Note) The attendance at Board of Directors meetings by Mr. Tetsuo Takaki presented above is his
attendance at the Board of Directors meetings held after he was elected as Director at the 42nd
Annual General Meeting of Shareholders held on June 26, 2020.

10 Tetsuo Takaki

Reappointed

Director, in charge of construction work3 Summary of opinions of the Audit and Supervisory Committee
The Audit and Supervisory Committee took into consideration the Company's specific management
strategies, surrounding environment, and other factors, and carefully examined whether each candidate
for Director has the necessary knowledge, experience, and ability to fulfill his roles andresponsibilities and whether the Board of Directors will function adequately. The Committee also
discussed matters, including allocation of roles and functions between Directors and Corporate
Officers and work experience of each candidate for Director, and came to the conclusion that persons
who have a deep knowledge and understanding of corporate philosophy and management philosophyof the Company have been nominated as the candidates, and persons who are able to fulfill the roles
expected of the Board of Directors, such as striving to enhance corporate value through making
decisions on medium- to long-term management policy and supervising overall management, havebeen selected. The Committee has therefore determined that the candidates for Directors proposed inthis proposal are appropriate.

4

No.

Name
(Date of birth)

Career summary, positions, responsibilities
and significant concurrent positions
January 2003
June 2007
June 2013
January 2017

Number ofshares of theCompany held

Joined the Company
Director, assigned to the Executive Office, incharge of special assignments
Director, Executive Vice President andCorporate Officer
President and CEO (to the present)[Significant concurrent positions]
6,496,544
President and Representative Director, BUYON INC.
shares
Chairman and Representative Director, Munemasa Syuzo
Co., Ltd.

Representative Director, SANIX SPORTS
FOUNDATION
1
Chairman and Representative Director, SANIX ENERGYINCORPORATEDChairman and Representative Director, SE WINGSCORPORATED[Reasons for nomination as a candidate for Director]
Since joining the Company, Mr. Hiroshi Munemasa has participated in management for many years andserved as the President and CEO since 2017. In order to further solidify sustainable and stable growth, he
has demonstrated strong leadership, putting in the foreground the Group's corporate philosophy of “A
comfortable environment for the next generation” and corporate vision of “Become the top company inthe environment and energy field.” He also has a track record of accelerating aggressive businessdevelopment, among other achievements, and possesses considerable knowledge on and abundant
experience in management. The Company believes that he is a person that is able to continue to makeappropriate decisions on the management of the entire Group and contribute to the enhancement ofcorporate value as a Director, and thus nominated him again as a candidate for Director.
Hiroshi Munemasa(July 17, 1975)

5

No.

Name
(Date of birth)

Career summary, positions, responsibilities
and significant concurrent positions
March 1984
October 1991

Number ofshares of theCompany held

Joined the Company
General Manager of Chushikoku Area
Division, HS Business Division
November 1994 Director, General Manager of Kansai Area
Division, HS Business Division
April 2001
Director, General Manager of Environmental
Resources Development Division
June 2002
Management Director, General Manager ofEnvironmental Resources Development
Division, Plastics Business Department andSales Department
February 2017 Management Corporate Officer, in charge of
special assignments
Koji Umeda
45,283June 2017
Director, Executive Corporate Officer, in(October 28, 1965)
sharescharge of overall management
April 2018
Director, Executive Corporate Officer, in2charge of overall management and General
Manager of Development Production
Division
April 2019
Director, Executive Corporate Officer, incharge of overall management and General
Manager of Energy Business Division
June 2020
Director, Executive Corporate Officer, incharge of overall management and General
Manager of Energy Business Division and
New Electric Power Business Department (tothe present)[Reasons for nomination as a candidate for Director]
Since joining the Company, Mr. Koji Umeda has served as a representative director of our groupcompanies. Having been involved in the management in the energy business field, he possesses a wealthof experience and achievements in the field. The Company believes that he is able to continue tocontribute to further expansion of business and enhancement of corporate value, and thus nominated him
again as a candidate for Director.

6

No.

Name
(Date of birth)

Career summary, positions, responsibilities
and significant concurrent positions
April 1979

Number ofshares of theCompany held

Joined The Sanwa Bank, Ltd. (currently
MUFG Bank, Ltd.)
October 1991
Seconded to the Company
April 1993
General Manager of Listing Preparation
Office, Management & Planning Division of
the Company
August 1995
Joined the Company, General Manager ofManagement & Planning Office,Management & Planning Division
June 1999
Director
April 2000
Management Director, General Manager ofManagement & Planning Division
June 2004
Management Director, General Manager of
Administration Division and Management &Planning Division
Kozo Inoue
17,299June 2007
Director, assigned to Environmental(April 23, 1956)
sharesResources Development Division
June 2013
Management Corporate Officer, General
Manager of Management & Planning
Division
3
June 2014
Director, Management Corporate Officer,
General Manager of Management &Planning Division
April 2017
Director, Management Corporate Officer,
General Manager of Administration Division
and Management & Planning Division
August 2018
Director, Management Corporate Officer,
General Manager of Corporate Planning
Division, Administration Division andManagement & Planning Division (to thepresent)[Reasons for nomination as a candidate for Director]
Since joining the Company, Mr. Kozo Inoue has held managerial positions primarily in theadministration division and the environmental resources development division, and has a wealth ofexperience, achievements, and insight related to the Group's overall business. He has also robustly
promoted the formulation and execution of the Medium-Term Management Plan and played a central
role in the formulation of management strategies and budgets for the entire group. The Company
believes that he is able to continue to contribute to further enhancement of the corporate value of theGroup, and thus nominated him again as a candidate for Director.

7

No.

Name
(Date of birth)

Career summary, positions, responsibilities
and significant concurrent positions
August 1998
April 2009

Number ofshares of theCompany held

Joined the Company
General Manager of Kansai Area Division,
HS Business Division
June 2013
Management Corporate Officer, General
Manager of Kansai Area Division, HS
Business Division
April 2014
Management Corporate Officer, General
Manager of Kansai Area Division, WestJapan SE Business Division and General
Manager of Kansai Area Division, HS
Business Division
Takeshi Inada
5,233
April 2015
Management Corporate Officer, General(March 4, 1979)
SharesManager of North Kanto Area Division, East
Japan SE Business DivisionDecember 2016 Management Corporate Officer, Deputy
4
General Manager of East Japan SE Business
Division
April 2017Management Corporate Officer, General
Manager of SE/HS/ES Business Control
Division
June 2017
Director, Management Corporate Officer,
General Manager of SE/HS/ES BusinessControl Division (to the present)[Reasons for nomination as a candidate for Director]
Since joining the Company, Mr. Takeshi Inada has served primarily in the sales division. Having been
responsible for supervising the SE/HS/ES business divisions, he possesses a wealth of experience,achievements, and insight related to sales activities. The Company believes that he is able to continue towork to further strengthen the sales strategies and promote sales of the Company, and thus nominatedhim again as a candidate for Director.

8

No.

Name
(Date of birth)

Career summary, positions, responsibilities
and significant concurrent positions
April 1996
June 2013

Number ofshares of theCompany held

Joined the Company
General Manager of Sales Promotion
Department and Administration Department,
HS Business Division
November 2013 Assigned to Head Office, seconded toAdministration Department, SANIXENGINEERING INC.
April 2014
Corporate Officer, General Manager of
Administration Department, West Japan SE
Business Division, the Company
October 2016
Corporate Officer, Deputy General Manager
8,234
Koichi Mizukawa
of West Japan SE Business Division andshares(July 15, 1973)
General Manager of Administration
Department
5
April 2017Management Corporate Officer, Deputy
General Manager of SE/HS/ES BusinessControl Division and General Manager of SE
Business Division
June 2017
Director, Management Corporate Officer,
Deputy General Manager of SE/HS/ES
Business Control Division and General
Manager of SE Business Division (to thepresent)[Reasons for nomination as a candidate for Director]
Since joining the Company, Mr. Koichi Mizukawa has served primarily in the sales administration
division. Having been responsible for sales promotion and administration in the HS and SE businessdivisions, he possesses a wealth of experience, achievements, and insight. The Company believes that heis able to continue to work to further strengthen the administration and operation of the sales strategies of
the Company, and thus nominated him again as a candidate for Director.

9

No.

Name
(Date of birth)

Career summary, positions, responsibilities
and significant concurrent positions
April 1970

Number ofshares of theCompany held

Joined NISHI-NIPPON SOGO BANK, LTD.
(currently THE NISHI-NIPPON CITY
BANK, LTD.)
June 2005
Executive Officer, General Manager of
Hakata Branch and Fukuoka-Chuo Block
October 2006
Executive Officer, General Manager of
Chikugo Area Division
March 2008
Seconded to the Company, Advisor
June 2008
Management Director, in charge of businessstrategy, the Company
October 2008
Management Director, in charge of businessstrategy and General Manager ofEnvironmental Resources Development
Kenji Kaneko
34,715
Division(October 2, 1951)
sharesJune 2010
Management Director, General Manager ofSpecial Sales Department, HS Business
Division
September 2011 Management Director, in charge of
6
Administration Division
April 2017
Director, Management Corporate Officer,
Deputy General Manager of SE/HS/ES
Business Control Division and General
Manager of Special Sales Department
April 2021
Director, Management Corporate Officer,
Deputy General Manager of SE/HS/ES
Business Control Division and General
Manager of Corporate Sales Department (tothe present)[Reasons for nomination as a candidate for Director]
Mr. Kenji Kaneko has a high level of experience in management strategy and finance cultivated atfinancial institutions. In addition, since joining the Company in 2008, he has played a central role in the
management of the Company as a Director, and possesses experience, achievements, and insight related
to the overall business. Having been responsible for the sales division since 2017, he has been making
efforts to strengthen relationships with business partners and driving the sales performance of theCompany. The Company believes that he is able to continue to contribute to further expansion of thebusiness of the Company, and thus nominated him again as a candidate for Director.

10

No.

Name
(Date of birth)

Career summary, positions, responsibilities
and significant concurrent positions
April 2001
July 2010
June 2012

Michimasa Masuda(August 16, 1977)

7

Joined the Company
General Manager of Accounting Department
Director, General Manager of Accounting
Department
June 2015
Director, Management Corporate Officer,
General Manager of Accounting Department
and in charge of IT promotion
April 2017
Director, Management Corporate Officer,
Deputy General Manager of Administration
Division and General Manager of
Accounting Department
April 2019
Director, Management Corporate Officer,
Deputy General Manager of Administration
Division and General Manager of
Accounting Department and Energy
Business Development Department
November 2019 Director, Management Corporate Officer,
Deputy General Manager of Administration
Division and General Manager of Energy
Business Development Department (to thepresent)

Number ofshares of theCompany held

39,757
shares[Significant concurrent position]
President and Representative Director, SANIXSUNLIGHT ELECTRIC INC.
[Reasons for nomination as a candidate for Director]
Having served as General Manager of Accounting Department since 2010, Mr. Michimasa Masuda has
been responsible for the finance/accounting division and spearheading profitability management in theentire business and strengthening of the financial structure, as well as formulation and promotion ofstrategies for the entire Group for many years. He assumed the office of General Manager of Energy
Business Development Department in 2019, and has been developing and promoting a wide range ofenergy-related businesses in collaboration with other companies while utilizing the foundation of the
new electric power business division. The Company believes that he is a person that is able to continue
to contribute to sustainable growth of the Company and enhancement of its corporate value over the
medium to long term, and thus nominated him again as a candidate for Director.
November 2000 Joined the Company
October 2015
General Manager of Shikoku Area Division,West Japan SE Business Division andGeneral Manager of Shikoku Area Division,
HS Business Division
January
2016
General Manager of Sales Promotion
Kazuyuki Tabata
5,212
Department,
HS Business Division(April 5, 1973)
sharesMay 2016
Management Corporate Officer, General
Manager of HS Business Division8
June 2017
Director, Management Corporate Officer,
General Manager of HS Business Division(to the present)[Reasons for nomination as a candidate for Director]
Since joining the Company, Mr. Kazuyuki Tabata has served primarily in the sales division. Having been
responsible for promoting sales in and supervising the HS business division, he possesses a wealth ofexperience, achievements, and insight related to sales activities. The Company believes that he is able tocontinue to utilize his knowledge and experience to contribute to further expansion of the business of theCompany, and thus nominated him again as a candidate for Director.

11

No.

Name
(Date of birth)

Career summary, positions, responsibilities
and significant concurrent positions

Number ofshares of theCompany held

August 1999
Joined the Company
December 2009 General Manager of Administration
Department, Environmental Resources
Development Division
April 2016
Corporate Officer, General Manager ofEnvironmental Resources Development
Division and Administration Department
June 2016
Management Corporate Officer, General
Manager of Environmental Resources
Development Division
June 2017
Director, Management Corporate Officer,
General Manager of Environmental
Resources Development Division and
Hideki Takei
9,033
Administration Department(July 21, 1970)
shares
October 2017
Director, Management Corporate Officer,
General Manager of Environmental
Resources Development Division9
May 2019
Director, Management Corporate Officer,
General Manager of Environmental
Resources Development Division,Operation/Safety Department and Organic
Wastewater Business Department
April 2021
Director, Management Corporate Officer,
General Manager of Environmental
Resources Development Division andOrganic Wastewater Business Department (tothe present)[Reasons for nomination as a candidate for Director]
Since joining the Company, Mr. Hideki Takei has been responsible for managing and supervising
primarily the environmental resources development division and possesses a high level of expertise anda wide range of knowledge in the resource circulation business. The Company believes that he is able tocontinue to contribute to further expansion of the business of the Company, by utilizing his knowledge
and experience to strive for promoting sales and strengthening management systems, and thus nominatedhim again as a candidate for Director.

12

No.

Name
(Date of birth)

Career summary, positions, responsibilities
and significant concurrent positions

Number ofshares of theCompany held

April 1974
Joined OBAYASHI CORPORATION
September 1979 Joined Takaki Komuten Co., Ltd., Director
August 2003
Joined Joe Corporation Takaki, Director
July 2006
Joined the Company, Advisor, HS Business
DivisionJanuary 2007
Advisor of Engineering Department
Tetsuo Takaki
1,587(July 15, 1950)
sharesJanuary 2012
Transferred to SANIX ENGINEERING
INC., Director
November 2017 Transferred to the Company, Advisor of
10
Engineering Department
June 2020
Director, in charge of construction work
(to the present)[Reasons for nomination as a candidate for Director]
Mr. Tetsuo Takaki possesses a wealth of experience and a high level of insight cultivated as a director of
construction companies. Since assuming the office of Director last year, he has made appropriate
proposals and advice for promoting and strengthening the construction management systems andcompliance through the execution of construction work. The Company believes that he is able tocontribute to strengthening the business management responsibility systems in the construction businessof the Company, and thus nominated him again as a candidate for Director.
Notes:
1. There are no special interests between any of the candidates and the Company.
2. The number of shares of the Company’s common stock held by the candidates for reappointment include
the number of equity shares held under the name of the Officers’ Shareholding Association.
3. The Company has entered into a directors and officers liability insurance (D&O Insurance) contract
provided for in Article 430-3, Paragraph 1 of the Companies Act that insures each candidate for Director
with an insurance company. The insurance contract covers any damages that may result from the insured
Directors being liable for the performance of their duties or being subject to a claim for the pursuit of suchliability. However, there are certain exemptions; for example, damages caused as a result of any conduct
committed while knowing that the conduct is in violation of laws and regulations shall not be covered. The
insurance premiums are partially paid by the Company and each Director. If the election of the candidates
is approved, the insurance contract will be renewed during their term of office.

13

Proposal 2: Election of 6 Directors Who Are Audit and Supervisory Committee Members
The terms of office all 6 Directors who are Audit and Supervisory Committee Members will expire at
the close of this Meeting. Accordingly, the Company proposes the election of 6 Directors who are Audit
and Supervisory Committee Members, including 2 new candidates. The Audit and Supervisory
Committee has given its consent to this proposal in advance.
The candidates for Directors who are Audit and Supervisory Committee Members are as follows:

No.

1 Koichi Ueno

2 Isamu Kondo

3 Naoki Kaneko

4 Yasufumi Kubota

5 Genichiro Yasui
6 Sadahito Baba

Current positions
and responsibilities
at the Company

Name

General Manager ofLegal Affairs
Department
Outside Director
who is Audit andReappointed Outside
Supervisory
Committee
MemberOutside Director
who is Audit andReappointed Outside Independent
Supervisory
Committee
MemberOutside Director
who is Audit andReappointed Outside
Supervisory
Committee
MemberOutside Director
who is Audit andReappointed Outside Independent
Supervisory
Committee
MemberNewly
appointed

Newly
appointed

Outside Independent

14-

Attendance atAttendance at
Audit and
Board ofSupervisory
Directors
Committee
meetings
meetings--

14/14 times(100%)

8/8 times(100%)

12/14 times(85.7%)

8/8 times(100%)

14/14 times(100%)

8/8 times(100%)

12/14 times(85.7%)

6/8 times
(75%)

-

-

No.

Name
(Date of birth)

Career summary, positions, responsibilities
and significant concurrent positions

Number ofshares of theCompany held

November 1994 Joined Utsunomiya Judicial Scriveners
OfficeAugust 1997
Joined NAMCO Limited (Currently
BANDAI NAMCO Entertainment Inc.)
May 2014
Joined the Company; Manager ofKoichi Ueno
0 shareCompliance Promotion Department(July 31, 1970)
December 2016 Deputy General Manager of Legal Affairs
Department
April 2020
General Manager of Legal Affairs
Department (to the present)
1 [Reasons for nomination as a candidate for Director]
After working and gaining practical experience as a judicial scrivener, Mr. Koichi Ueno steered himself
towards a career in corporate legal affairs, and has held important positions in the Compliance Promotion
Department and Legal Affairs Department since joining the Company. He possesses a legal perspective
and a wide range of insight as well as a wealth of work experience and achievements related to laws,
regulations, risk management, etc. primarily in the field of corporate legal affairs. He is a person withexcellent personality and insight. The Company expects that, as a Director who is Audit and Supervisory
Committee Member of the Company, he will utilize his knowledge and advanced expertise inmanagement in general including responding to risks expected in important management decisions andreinforcing internal control systems to enhance the effectiveness of auditing and supervising functions,and thus newly nominated him as a candidate for Director who is Audit and Supervisory Committee
Member.
May 1980
Joined Nas Stainless Co., Ltd. (currently
Nasluck Co., Ltd.)March 1986
Joined Munemasa Syuzo Co., Ltd.
March 1999
Senior Managing Representative Director
July 1999
President and Representative Director,
GLOBAL ARENA, Ltd. (to the present)
August 2010
Corporate Auditor, Munemasa Syuzo Co.,
Isamu Kondo
35,936
Ltd. (to the present)(July 7, 1955)
sharesJune 2014
Director, the Company
June 2019
Director (Audit and Supervisory Committee
Member) (to the present)
2[Significant concurrent position]
 President and Representative Director, GLOBAL ARENA,
Ltd.
[Reasons for nomination as candidate for Outside Director and the outline of the expected role]
Mr. Isamu Kondo has diverse management experience as a representative director of businesscorporations. Since assuming the office of Outside Director who is Audit and Supervisory Committee
Member of the Company in June 2019, he has made precise proposals and advice at important meetings
such as Board of Directors meetings of the Company as an Outside Director from an objective
standpoint independent of the management that executes business. The Company expects him to advise
on important management issues as a management expert from various perspectives such as finance,
governance, and management strategy. The Company believes that he is a person suitable to improve theauditing function in the management of the Company, and thus nominated him again as a candidate for
Outside Director who is Audit and Supervisory Committee Member.

15

No.

Name
(Date of birth)

Career summary, positions, responsibilities
and significant concurrent positions
June 2001

3

Naoki Kaneko(May 8, 1967)

President and Representative Director,
TOYOTA Rentalease Fukuoka Co., Ltd. (tothe present)
May 2005
President and Representative Director,
Fukuoka Showa Taxi Co., Ltd. (to thepresent)
June 2006
President and Representative Director,
Fukuoka Toyota Corporation (to the present)
September 2009 President and Representative Director, SEED
Holdings Co., Ltd. (to the present)
February 2010 President and Representative Director,
Showa Group Marketing Co., Ltd. (to thepresent)
May 2010
President and Representative Director,
TOYOTA L&F FUKUOKA CO., LTD. (tothe present)
June 2010
Outside Director, Kyushu Asahi
Broadcasting Co., Ltd. (to the present)
June 2013
Chairman and Representative Director,
TOYOTA COROLLA FUKUOKA CO.,LTD. (to the present)
June 2014
Chairman and Representative Director,
Showa Bus Co., Ltd. (to the present)
June 2015
Director, the Company
June 2019
Director (Audit and Supervisory Committee
Member) (to the present)
October 2019
Chairman and Representative Director,
FUKUOKA TOYOPET Co., Ltd. (to thepresent)
April 2020
Chairman and Representative Director,
TOYOTA Mobility Service Fukuoka Co.,
Ltd. (to the present)

Number ofshares of theCompany held

[Significant concurrent positions] President and Representative Director, Fukuoka Toyota
Corporation
 President and Representative Director, TOYOTA
Rentalease Fukuoka Co., Ltd.
 President and Representative Director, Fukuoka Showa
Taxi Co., Ltd.
 President and Representative Director, SEED Holdings Co.,Ltd.
 President and Representative Director, Showa Group
Marketing Co., Ltd.
 President and Representative Director, TOYOTA L&F
FUKUOKA CO., LTD.
 Chairman and Representative Director, TOYOTACOROLLA FUKUOKA CO., LTD.
 Chairman and Representative Director, Showa Bus Co.,Ltd.
 Chairman and Representative Director, FUKUOKATOYOPET Co., Ltd.
 Chairman and Representative Director, TOYOTA Mobility
Service Fukuoka Co., Ltd.

16

0 share[Reasons for nomination as candidate for Outside Director and the outline of the expected role]
Mr. Naoki Kaneko has a high level of insight into corporate management based on his abundant experience asa representative director of multiple business corporations. Since assuming the office of Outside Director who
is Audit and Supervisory Committee Member of the Company in June 2019, he has made precise proposals
and advice at important meetings such as Board of Directors meetings of the Company. The Company expects
that he will continue to utilize the experience and insight to strengthen the auditing and supervising functionsof the Company, and thus nominated him again as a candidate for Outside Director who is Audit andSupervisory Committee Member.

17

No.

Name
(Date of birth)

Career summary, positions, responsibilities
and significant concurrent positions
April 1968
March 1970
April 1970
April 1980

Yasufumi Kubota(February 5, 1946)

4

March 2013
March 2016
June 2016
June 2019

Joined the Legal Training and ResearchInstitute of the Supreme Court
Completed the Legal Training and ResearchInstitute of the Supreme Court
Admitted to the bar (Joined the Tokyo Bar
Association)
Joined Akefune Law Office
Established Kasumigaseki-Sogo Law Offices,
Partner (to the present)
Corporate Auditor, Royal Holdings Co., Ltd.
Director (Audit & Supervisory Committee
Member) (*Resigned in March 2020)
Director, the Company
Director (Audit and Supervisory Committee
Member) (to the present)

Number of sharesof the Company
held

2,858
shares[Significant concurrent position]
 Partner, Kasumigaseki-Sogo Law Offices[Reasons for nomination as candidate for Outside Director and the outline of the expected role]
Mr. Yasufumi Kubota is well versed in corporate legal affairs as an attorney-at-law. Since assuming the officeof Outside Director who is Audit and Supervisory Committee Member of the Company in June 2019, he has
made precise proposals and advice at important meetings such as Board of Directors meetings of the Company
to strengthen overall management and governance from a professional standpoint. Although he has not been
involved in the management of a company in a way other than becoming an outside director or an outside
corporate auditor in the past, based on such achievements, the Company believes that he is expected tocontinue to properly perform his duties as an Outside Director and utilize his experience, etc. to provide
supervision and advice on overall management, and thus nominated him again as a candidate for Outside
Director who is Audit and Supervisory Committee Member.
July 1967
Joined Yamada Shoji Co., Ltd. (currently RIX
CORPORATION)
January 1975
Director, General Manager of Accounting
Department
March 1976
President
June 1997
Corporate Auditor, the Company
Genichiro Yasui
10,000June 2000
Chairman and Representative Director, RIX(August 17, 1941)
sharesCORPORATION
August 2004
Chairman and Director
June 2008
Director and Advisor
June 2012
Councilor (*Resigned in October 2015)
5
June 2019
Director (Audit and Supervisory Committee
Member), the Company (to the present)[Reasons for nomination as candidate for Outside Director and the outline of the expected role]
Mr. Genichiro Yasui has been involved in corporate management for many years and has expertise in and highlevel of insight into the accounting and finance field. Since assuming the office of Outside Director who is
Audit and Supervisory Committee Member of the Company in June 2019, he has proactively spoken atimportant meetings such as Board of Directors meetings of the Company, and conducted a wide range ofaudits of the business of the Company and the Group based on his knowledge and from an independent
standpoint as an Audit and Supervisory Committee Member to contribute to the activities of the Audit andSupervisory Committee. The Company expects that he will continue to utilize the experience andachievements to strengthen the auditing and supervising functions of the Company, and thus nominated him
again as a candidate for Outside Director who is Audit and Supervisory Committee Member.

18

No.

Name
(Date of birth)

Career summary, positions, responsibilities
and significant concurrent positions
April 1978
February 1992
January 1998

Sadahito Baba
(April 3, 1954)

6

April 2001
April 2003
June 2003
June 2007
June 2011
June 2014

Joined Toyota Motor Co., Ltd. (Currently
TOYOTA MOTOR CORPORATION)
Transferred to TOYOTA MORTOR
KYUSHU, INC
Manager of Production Planning Office,Production Management Department
General Manager of Production Management
Department
General Manager of Business Management
Director
Managing Director
Senior Managing Director
Representative Director and Executive Vice
President
Executive Advisor (to the present)

Number of sharesof the Company
held

0 shareJanuary 2021
[Reasons for appointment]
As stated in his career summary, Mr. Sadahito Baba assumed the office of Representative Director andExecutive Vice President in 2014 at a manufacturer representing the automobile industry after having held
important positions in its production management department and business management department. He
possesses a wealth of experience and a high level of insight as a corporate manager. He has also held public
offices, including one at the Iizuka Research & Development Organization. He is a person with excellent
personality and insight. Based on his achievements presented above, the Company is confident that he will
fulfill the role of supervising the decision-making of important matters in management and business execution
from an objective and sophisticated perspective and believes that he is a person that will contribute to asustainable enhancement of corporate value of the Company. The Company thus newly nominated him as a
candidate for Outside Director who is Audit and Supervisory Committee Member.
Notes:
1. There are no special interests between any of the candidates and the Company.
2. The number of shares of the Company’s common stock held by the candidates for reappointment include
the number of equity shares held under the name of the Officers’ Shareholding Association.
3. Of the candidates for Directors who are Audit and Supervisory Committee Members, Messrs. Isamu
Kondo, Naoki Kaneko, Yasufumi Kubota, Genichiro Yasui, and Sadahito Baba are candidates for Outside
Directors.
4. Messrs. Isamu Kondo, Naoki Kaneko, Yasufumi Kubota, and Genichiro Yasui are incumbent Outside
Directors of the Company, and will have served as Outside Director for 7 years, 6 years, 5 years, and 2
years respectively, as at the close of this Meeting.
5. Mr. Yasufumi Kubota is a relative within the third degree of kinship of an executive of THE NISHINIPPON CITY BANK, LTD., a specified associated service provider (major business partner) of theCompany.
6. Mr. Sadahito Baba will be appointed as External Director (auditor) of RIX CORPORATION at its 75th
Annual General Meeting of Shareholders to be held in June 2021.
7. The Company has registered Messrs. Naoki Kaneko and Genichiro Yasui as Independent Directors basedon the provisions set forth by Tokyo Stock Exchange, Inc. and Securities Membership Corporation
Fukuoka Stock Exchange. If the election of them is approved, they will continue to be Independent
Directors. If the election of Mr. Sadahito Baba is approved, the Company will newly register him as an
Independent Director.
8. The Company has entered into a liability limitation agreement with each Outside Director in accordancewith Article 427, Paragraph 1 of the Companies Act (the “Act”) to limit their liabilities for damages
under Article 423, Paragraph 1 of the Act. The maximum amount of their liabilities under the agreement
is the minimum liability amount stipulated by laws and regulations. If the election of Messrs. Isamu
Kondo, Naoki Kaneko, Yasufumi Kubota, and Genichiro Yasui is approved, the Company will renew theagreement with each of them. If the election of Mr. Sadahito Baba is approved, the Company will enter
into the agreement with him.
9. The Company has entered into a directors and officers liability insurance (D&O Insurance) contract
provided for in Article 430-3, Paragraph 1 of the Companies Act that insures each of the four candidates
19

for Directors for reappointment with an insurance company. The insurance contract covers any damages
that may result from the insured Directors being liable for the performance of their duties or being
subject to a claim for the pursuit of such liability. However, there are certain exemptions; for example,
damages caused as a result of any conduct committed while knowing that the conduct is in violation oflaws and regulations shall not be covered. The insurance premiums are partially paid by the Company
and each Director for reappointment. If the election of each candidate is approved, the insurance contract
will be renewed during their term of office. If the election of Messrs. Koichi Ueno and Sadahito Baba isapproved, the Company will enter into the contract.

20