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: 6704)
Date of sending by postal mail: June 9, 2023
Start date of measures for electronic provision: June 5, 2023
To our shareholders:
Shogo Kimura, President
IWATSU ELECTRIC CO., LTD.
7-41, Kugayama 1-Chome, Suginami-ku, Tokyo

Notice of the 114th Annual General Meeting of Shareholders
You are cordially notified of the 114th Annual General Meeting of Shareholders of IWATSU ELECTRIC CO., LTD.
(the “Company”). The meeting will be held as described below.
When convening this general meeting of shareholders, the Company takes measures for providing information that
constitutes the content of reference documents for the general meeting of shareholders, etc. (matters for whichmeasures for providing information in electronic format are to be taken) in electronic format, and posts thisinformation on the Company’s website. Please access the website by using the internet address shown below toreview the information.
[The Company’s website]
https://www.iwatsu.co.jp/
Please access the Company’s website above and check “IR News” (in Japanese) from the top page.
In addition to the website above, this information is also posted on the website of the Tokyo Stock Exchange (TSE).
[TSE website (Listed Company Search)]https://www.jpx.co.jp/english/listing/co-search/index.html
Please access the TSE website above, enter and search for the company name (IWATSU ELECTRIC) or securities
code (6704), select “Basic information” then “Documents for public inspection/PR information,” and review the
information.
If you will not be attending the meeting, you may exercise your voting rights in writing or via the Internet, etc.
Please review the Reference Documents for the General Meeting of Shareholders and exercise your voting
rights by 5:30 p.m. on Tuesday, June 27, 2023 (JST).

-1-1. Date and Time: Wednesday, June 28, 2023, at 10:00 a.m. (JST)
2. Venue:
Conference Room of the Headquarters of the Company
7-41, Kugayama 1-Chome, Suginami-ku, Tokyo
3. Meeting Agenda:
Items to be reported:
1. Business Report and Consolidated Financial Statements for the 114th Fiscal Year (from April 1, 2022 toMarch 31, 2023) and results of audits of the Consolidated Financial Statements by the Financial Auditor andthe Audit & Supervisory Committee
2. Non-consolidated Financial Statements for the 114th Fiscal Year (from April 1, 2022 to March 31, 2023)
Matters to be resolved:
Proposal No. 1
Election of Seven Directors (Excluding Directors Who Are Audit & Supervisory
Committee Members)
Proposal No. 2
Election of Four Directors Who Are Audit & Supervisory Committee Members
4. Matters Determined in Relation to the Convocation:(1) When voting rights have been exercised in writing, if there is no indication of a vote for or against a
proposal on a Voting Rights Exercise Form, it shall be treated as an indication of intent to vote for the
proposal.
(2) If voting rights have been exercised both in writing and via the Internet, etc. multiple times, regardless ofthe date and time of arrival, the exercise of voting rights via the Internet, etc., shall be treated as valid. If
voting rights have been exercised multiple times via the Internet, etc., the final votes submitted shall betreated as valid.
◎ When attending the meeting, please submit the Voting Rights Exercise Form at the venue reception.
◎ Among the matters subject to measures for electronic provision, in accordance with the provisions of laws and regulations and Article
16 of the Articles of Incorporation of the Company, the following matters are not provided in the paper-based documents delivered toshareholders who have made a request for delivery of such documents. Accordingly, these documents are part of the documents
included in the scope of audits by the Audit & Supervisory Committee and the Financial Auditor when they create their respective
audit reports.
(i) “Notes to Consolidated Financial Statements”(ii) “Notes to Non-consolidated Financial Statements”◎ If revisions to the matters subject to measures for electronic provision arise, a notice of the revisions and the details of the matters
before and after the revisions will be posted on the Company’s website and the TSE website.

< Notice concerning measures to prevent the spread of COVID-19 >・ Please consider whether to attend the meeting after checking the status of COVID-19 and your own physicalcondition.
・ Persons with a fever and persons who are unwell may be refused entry to the venue.
・ The Company may take measures to prevent infection, such as the wearing of masks by staff.
・ If there is a major change in the operation of the general meeting of shareholders due to future circumstances of
COVID-19, such change will be notified on the Company’s website.

-2-

Reference Documents for the General Meeting of Shareholders
Proposals and Reference Information
Proposal No. 1

Election of Seven Directors (Excluding Directors Who Are Audit & Supervisory Committee
Members)

The terms of office for all seven Directors (excluding those who are also Audit & Supervisory Committee Members;
the same shall apply hereafter in this proposal) will expire at the conclusion of this meeting.
Therefore, the Company proposes the election of seven Directors.
The Audit & Supervisory Committee has no particular statement for this proposal.
The candidates for Directors are as follows:
Candidate
No.

Name(Date of birth)

Career summary, position and responsibility in the Company,
and significant concurrent positions outside the Company
Apr. 1984
Oct. 2004

Sept. 2006
May 2009

May 2011
July 2013
Shogo Kimura(January 25, 1962)
Reelection
1

Aug. 2013
Oct. 2013
June 2015
June 2016
July 2016
June 2017
June 2021
June 2022

Joined The Sanwa Bank, Ltd.
General Manager, Tokorozawa Corporate
Banking Department and General Manager,
Tokorozawa Branch of UFJ Bank Limited
General Manager, Katsushika Branch Office of
The Bank of Tokyo-Mitsubishi UFJ, Ltd.
General Manager, Osaka Corporate Banking
Division No.1, Osaka Corporate Banking
Group
General Manager, Corporate Payment Business
Department
Assistant to General Manager, Management
Division of the Company
Assistant to General Manager, Reprographic
Systems Division
General Manager, Sales Dept., Printing Systems
Division
Executive Officer and General Manager,
Printing Systems Division
Director & Executive Officer; and General
Manager, Printing Systems Division
Director & Executive Officer; and General
Manager, Sales Division No.1
Director & Senior Executive Officer; andGeneral Manager, Sales Division
Director & Senior Executive Officer; andGeneral Manager, Management Division
President & Chief Executive Officer (current
position)

Number of theCompany’s shares
owned

6,500

[Reasons for nomination as candidate for Director]
Shogo Kimura has deep discernment related to finance obtained through his service in financial institutions, and also
has the ability to manage and lead based on his experience in the Sales Division and Management Division. The
Company judges that he has experience and capabilities suitable for Director and Executive Officer of the Company
and thus has nominated Mr. Kimura as a candidate for Director.

-3-Candidate
No.

Name
(Date of birth)

Career summary, position and responsibility in the Company,
and significant concurrent positions outside the Company
Apr. 1987
July 1999

July 2000
Oct. 2001
May 2005

Tsukasa Aiura(August 3, 1962)
Reelection
2

July 2007
July 2010
July 2013
Oct. 2013

June 2015
July 2016
June 2017
Apr. 2018

July 2018

3

Joined NIPPON TELEGRAPH AND
TELEPHONE CORPORATIONManager-in-charge of Research andDevelopment Center of NIPPONTELEGRAPH AND TELEPHONE WEST
CORPORATIONManager-in-charge of Equipment Department
Manager of Equipment Department
Manager of Network Interconnection
Department
Manager of Network Department
Manager of Technology Innovation Department
Manager of Shizuoka BranchManager of Shizuoka Branch and Deputy
General Manager of Tokai Regional
Headquarters
Director & Executive Officer; and General
Manager, ICT Division of the Company
Director & Executive Officer; and General
Manager, ICT Business Division
Director & Senior Executive Officer; andGeneral Manager, ICT Business Division
Director & Senior Executive Officer; General
Manager, ICT Business Division; and General
Manager, NTT Sales Dept., ICT Business
Division
Director & Senior Executive Officer; andGeneral Manager, ICT Business Division(current position)

Number of theCompany’s shares
owned

5,500

[Reasons for nomination as candidate for Director]
Tsukasa Aiura has deep discernment in the information communications business obtained through his service in atelecommunications carrier and also an ability to lead departments and divisions. The Company judges that he has
experience and capabilities suitable for Director and Executive Officer of the Company and thus has nominated Mr.
Aiura as a candidate for Director.
Apr. 1985
Joined the Company
Apr. 2008
General Manager, Engineering Dept. No.1 ofIwatsu Test Instruments Corporation
Apr. 2009
General Manager, Engineering Dept.
June 2010
Director and General Manager, Engineering
Dept.
Norio Shimomura
July 2016
General Manager, Engineering Dept. No.2,(January 24, 1963)
Engineering Division of the Company
5,200
June 2018
Executive Officer; Deputy General Manager,
Reelection
Engineering Division; and General Manager,
Engineering Planning Dept., Engineering
Division
June 2019
Director & Executive Officer; General
Manager, Engineering Division; and General
Manager, Engineering Planning Dept.,
Engineering Division (current position)[Reasons for nomination as candidate for Director]
Norio Shimomura has engaged in the technology department of the measurement business since joining the Company
and is well versed in the overall technology of the Company. The Company judges that he has experience andcapabilities suitable for Director and Executive Officer of the Company and thus has nominated Mr. Shimomura as a
candidate for Director.

-4-Candidate
No.

Name
(Date of birth)

Career summary, position and responsibility in the Company,
and significant concurrent positions outside the Company
Apr. 1985
Apr. 2003

June 2003

Apr. 2007

Oct. 2008
July 2009
Apr. 2010
Masafumi Onoguchi(March 14, 1962)

Apr. 2013
July 2015

Reelection
4

July 2016
Apr. 2017

June 2017

Apr. 2018

June 2021
July 2021

Joined the Company
General Manager, Eastern Japan Sales Office,Area Supervision Sales Dept., Communication
Systems Sales Division
General Manager, Eastern Japan Sales Office,Area Supervision Sales Dept., Communication
Systems Sales Division, and General Manager,
Hokkaido Branch, Area Supervision Sales
Dept., Communication Systems Sales Division
General Manager, Sales Promotion Dept., Area
Supervision Sales Dept., Communications
Business Division
General Manager, Communication Systems
Dept.
General Manager, Communication Systems
Dept., Sales Division
General Manager, Communication Systems
Dept., Communication Systems Division
General Manager, Communication Systems
Dept., IT Solution Division
Director and General Manager, Metropolitan
Area Branch Office of Iwatsu Sales Co., Ltd.
General Manager, Sales Dept. No.3, Sales
Division No.2 of the Company
General Manager, Sales Dept. No.3, Sales
Division No.2, and General Manager, KitaKanto Region Office, Sales Dept. No.3, Sales
Division No.2
Executive Officer; Deputy General Manager,
Sales Division; General Manager, Sales Dept.
No.3, Sales Division; and General Manager,
Kita-Kanto Region Office, Sales Dept. No.3,
Sales Division
Executive Officer; Deputy General Manager,
Sales Division; and General Manager, Sales
Dept. No.3, Sales Division
Director & Executive Officer; and General
Manager, Sales Division (current position)
President of Iwatsu Network Solution Co., Ltd.
(current position)

Number of theCompany’s shares
owned

5,900

[Reasons for nomination as candidate for Director]
Masafumi Onoguchi has engaged in the sales department of the communication systems since joining the Company andis well versed in the communication systems and overall sales activities. The Company judges that he has experienceand capabilities suitable for Director and Executive Officer of the Company and thus has nominated Mr. Onoguchi as a
candidate for Director.

-5-Candidate
No.

Name
(Date of birth)

Career summary, position and responsibility in the Company,
and significant concurrent positions outside the Company
Apr. 1991
Dec. 2018

Hidenori Tokida(February 5, 1968)

June 2021

Reelection
56June 2022

Joined the Company
General Manager, Accounting & Financial
Dept., Management Division
Executive Officer; Deputy General Manager,
Management Division; and General Manager,
Accounting & Financial Dept., Management
Division
Director & Executive Officer; and General
Manager, Management Division (current
position)

Number of theCompany’s shares
owned

6,100

[Reasons for nomination as candidate for Director]
Hidenori Tokida has engaged in the management department since joining the Company and is well versed in theoverall finance and accounting, and has excellent management ability. The Company judges that he has experience andcapabilities suitable for Director and Executive Officer of the Company and thus has nominated Mr. Tokida as a
candidate for Director.
Nov. 1977
Joined Asahi & Co.
Sept. 1981
Registered as a certified public accountant
July 1992
Partner of Asahi Shinwa & Co.
May 2001
Senior Partner of Asahi & Co.
July 2010
Partner of KPMG AZSA LLC (retired from
Tsunehiro Oki
office in June 2015)(November 11, 1952)
July 2015
Oki Certified Public Accountant & Tax
0Accountant Office (current position)
Reelection
June 2016
Outside Audit and Supervisory Board Member
Outsideof Utoc Corporation
Independent
June 2016
Outside Director of the Company (current
position)
June 2019
Outside Director of Takakita Co., Ltd. (Audit
and Supervisory Committee Member) (current
position)[Reasons for nomination as candidate for Outside Director and summary of expected roles]
Tsunehiro Oki is expected to offer useful opinions and candid indications on the management of the Company utilizing
his extensive experience and discernment regarding finance and accounting obtained as a certified public accountant.
Therefore, the Company has nominated Mr. Oki as a candidate for Outside Director. If Mr. Oki is elected, the Company
plans for him to be involved in determining the selection of candidates and remuneration, etc. for directors and officersof the Company as a member of the voluntary Remuneration and Nomination Advisory Committee from an objective
and neutral standpoint.

-6-Candidate
No.

Name
(Date of birth)

Career summary, position and responsibility in the Company,
and significant concurrent positions outside the Company
Apr. 1981
Apr. 2010

7

Notes:

1.
2.

3.
4.

Number of theCompany’s shares
ownedJoined Mitsubishi Chemical Industries Ltd.
General Manager of Finance and Accounting
Department of Mitsubishi Chemical
Corporation
June 2010
Associate Director and General Manager ofFinance and Accounting Department
Apr. 2012
Executive Officer and General Manager ofFinance and Accounting Department
Apr. 2014
Executive Officer and General Manager ofFinance & Accounting Department of
Mitsubishi Tanabe Pharma Corporation
June 2015
Member of the Board, Executive Officer, andGeneral Manager of Finance & Accounting
Department
Apr. 2016
Member of the Board, Managing Executive
Officer, and General Manager of Finance &Accounting Department
Eizo Tabaru
Apr. 2017
Member of the Board, Managing Executive(July 3, 1958)
Officer, and in charge of Corporate Strategy &Planning Department, Finance & Accounting
500
New election
Department, Corporate Communications
OutsideDepartment, and ICT Management Department
Independent
Apr. 2018
Member of the Board, Managing Executive
Officer, in charge of Corporate Strategy &Planning Department, NeuroDerm Office,Finance & Accounting Department, andCorporate Communications Department
Apr. 2020
Representative Director, Managing Executive
Officer, in charge of Corporate Management
Department, Corporate Communications
Department, Legal & General Affairs
Department, and Japan Quality Assurance
Department
Apr. 2021
Representative Director, Managing Executive
Officer, in charge of Corporate Management
Department, Communication Crossroads
Department, General Affairs Department, andJapan Quality Assurance Department
Apr. 2022
Senior Advisor
June 2022
Adviser of Palo Alto Co., Ltd. (current position)[Reasons for nomination as candidate for Outside Director and summary of expected roles]
Eizo Tabaru is expected to offer useful opinions and candid indications on the management of the Company utilizing
his extensive career in pharmaceutical companies and his experience and discernment obtained through his service as adirector. Therefore, the Company has nominated Mr. Tabaru as a candidate for Outside Director. If Mr. Tabaru iselected, the Company plans for him to be involved in determining the selection of candidates and remuneration, etc. for
directors and officers of the Company as a member of the voluntary Remuneration and Nomination Advisory
Committee from an objective and neutral standpoint.
There is no special interest between any of the candidates and the Company.
Both Tsunehiro Oki and Eizo Tabaru are candidates for Outside Director.
Subject to the approval and adoption of this proposal, the Company has submitted notification to the Tokyo Stock
Exchange that both of them have been designated as independent officers as provided for by the aforementioned exchange.
Tsunehiro Oki is currently an Outside Director of the Company, and at the conclusion of this meeting, his tenure as Outside
Director will have been seven years.
The Company has entered into an agreement with Tsunehiro Oki to limit the maximum amount of liability for damages
provided for by Article 423, paragraph (1) of the Companies Act, to the amount provided for by each item of paragraph(1) of Article 425 of the said Act. If his reelection is approved and adopted in this proposal, the Company plans to renew-7-this agreement with him. In addition, if the election of Eizo Tabaru is approved and adopted in this proposal, the Company
plans to enter into an agreement with the same content with him.
5. The Company has entered into a liability insurance contract with an insurance company for directors and officers to coverdamages that may arise from the insured assuming responsibility for the execution of their duties or receiving claims
related to the pursuit of such responsibility by such insurance contract. If the election of each candidate is approved andadopted in this proposal, each candidate will be included as the insured of such insurance contract. In addition, theCompany plans to renew such insurance contract with the same content at the next renewal time.

-8-

Proposal No. 2 Election of Four Directors Who Are Audit & Supervisory Committee Members
The terms of office for Directors Takaharu Nishimura, Yasushi Miki, Akitoshi Ito, and Shigeru Kawamoto, who are
Audit & Supervisory Committee Members, will expire at the conclusion of this meeting.
Therefore, the Company proposes the election of four Directors who are Audit & Supervisory Committee Members.
The Audit & Supervisory Committee has given consent to this proposal.
The candidates for Directors who are Audit & Supervisory Committee Members are as follows:
Candidate
No.

Name(Date of birth)

Career summary, position and responsibility in the Company,
and significant concurrent positions outside the Company
Apr. 1982
Apr. 2008
June 2011

1

Number of theCompany’s shares
ownedJoined the Company
General Manager, Compliance Office
General Manager, Compliance Office andGeneral Manager, Corporate Planning Dept.,
Management Division
Apr. 2012
General Manager, Corporate Planning Dept.,
Management Division and General Manager,
International Dept.
June 2012
Executive Officer; General Manager,
Corporate Planning Dept., Management
Division; and General Manager, International
Dept.
Oct. 2013
Executive Officer and General Manager,
Corporate Planning Dept., Management
Takaharu Nishimura
Division(May 25, 1959)
8,200
Apr. 2014
Executive Officer; General Manager,
Corporate Planning Dept., Management
Reelection
Division; and General Manager, Compliance
Office, Corporate Planning Dept.,
Management Division
June 2015
Director & Executive Officer; General
Manager, Management Division; and General
Manager, Corporate Planning Dept.,
Management Division
June 2017Managing Director of IWATSU Business
Services Co., Ltd.
June 2019
Full-Time Audit & Supervisory Committee
MemberJune 2021
Director who is a Full-Time Audit &Supervisory Committee Member (current
position)[Reasons for nomination as candidate for Director who is an Audit & Supervisory Committee Member]
Takaharu Nishimura served as Chief Financial Officer of the Company as General Manager of Management Division,and has experience in the compliance department and as managing director of a subsidiary of the Company. The
Company judges that he has extensive discernment and sufficient knowledge of finance and accounting and thus has
nominated Mr. Nishimura as a candidate for Director who is an Audit & Supervisory Committee Member.

-9-Candidate
No.

Name
(Date of birth)

Career summary, position and responsibility in the Company,
and significant concurrent positions outside the Company
Apr. 1982
July 2004

2

Number of theCompany’s shares
ownedJoined Meiji Life Insurance Company
General Manager, Information System
Department of Meiji Yasuda Life Insurance
Company
Apr. 2007
General Manager, Utsunomiya Branch Office
Apr. 2010
General Manager, Planning Department
July 2012
Executive Officer and General Manager,
Planning Department
Apr. 2013
Executive Officer
Shigeru Kawamoto(May 2, 1959)
Apr. 2014
Managing Executive Officer
Apr. 2016
Representative Director and President of MYJ
500
Reelection
Co., Ltd. (currently Meiji Yasuda OfficeOutsidePartners Co., Ltd.)
Independent
Apr. 2019
Representative Director and Chairman
July 2020
Outside Audit & Supervisory Committee
Member of the Company
June 2021
Outside Director who is an Audit &Supervisory Committee Member (current
position)
Apr. 2023
Representative Director and Chairman of Meiji
Yasuda Research Institute, Inc. (current
position)<Reasons for nomination as candidate for Outside Director who is an Audit & Supervisory Committee Member andsummary of expected roles>
Shigeru Kawamoto is expected to appropriately fulfill his duties as Outside Director who is an Audit & Supervisory
Committee Member, including offering useful advice to the Board of Directors and conducting audits on the legality ofmanagement executions as an Outside Director who is an Audit & Supervisory Committee Member from a neutral
standpoint utilizing his extensive career and discernment in insurance companies. Therefore, the Company has
nominated Mr. Kawamoto as a candidate.

- 10 -

Candidate
No.

Name
(Date of birth)

Career summary, position and responsibility in the Company,
and significant concurrent positions outside the Company
Apr. 1988
Nov. 20093

Number of theCompany’s shares
ownedJoined The Sanwa Bank, Ltd.
General Manager, Consulting Business
Planning Dept. of Mitsubishi UFJ Researchand Consulting Co., Ltd.
Aug. 2012
Deputy General Manager of Corporate
Administration Division of The Bank ofTokyo-Mitsubishi UFJ, Ltd.
May 2014
General Manager of Corporate Administration
Division of Mitsubishi UFJ Financial Group,
Inc.
July 2014
General Manager of Corporate Administration
Division of Mitsubishi UFJ Financial Group,
Kazuaki Tanaka
Inc. and General Manager of Planning(December 25, 1964)
Department of The Bank of Tokyo-Mitsubishi
500
UFJ, Ltd.
New election
June 2015
Executive Officer and General Manager of
OutsideCorporate Administration Division of
Independent
Mitsubishi UFJ Financial Group, Inc. andExecutive Officer and General Manager ofPlanning Department of The Bank of TokyoMitsubishi UFJ, Ltd.
July 2015
Executive Officer, General Manager,
Corporate Communication Department of
Mitsubishi UFJ Financial Group, Inc.; andExecutive Officer, General Manager,
Corporate Communication Department of The
Bank of Tokyo-Mitsubishi UFJ, Ltd.
June 2017
Representative Director and President of MU
Communications Co., Ltd. (current position)<Reasons for nomination as candidate for Outside Director who is an Audit & Supervisory Committee Member andsummary of expected roles>
Kazuaki Tanaka is expected to appropriately fulfill his duties as Outside Director who is an Audit & Supervisory
Committee Member, including offering useful advice to the Board of Directors and conducting audits on the legality ofmanagement executions as an Outside Director who is an Audit & Supervisory Committee Member from a neutral
standpoint utilizing his extensive career and discernment in financial institutions. Therefore, the Company has
nominated Mr. Tanaka as a candidate.

- 11 -

Candidate
No.

Name
(Date of birth)

Career summary, position and responsibility in the Company,
and significant concurrent positions outside the Company
Apr. 1988

4

Notes:

Number of theCompany’s shares
ownedJoined NIPPON TELEGRAPH AND
TELEPHONE CORPORATION
Oct. 2002
Senior Manager, Corporate Strategy Planning
Department of NIPPON TELEGRAPH AND
TELEPHONE EAST CORPORATION(seconded to Internap Japan Co., Ltd.)
Nov. 2006
Senior Manager, General Affairs andYoshikazu Takahashi
Personnel Department (seconded to NTT-ME(December 9, 1961)
CORPORATION)
500
Apr. 2012
General Manager, Network Operation
New election
Division, Network Service Headquarters of
OutsideNTT-ME CORPORATION
Independent
July 2013
Executive Research Engineer, Network
Service Systems Laboratories, Information
Network Laboratory Group of NIPPONTELEGRAPH AND TELEPHONECORPORATION
July 2017
President & CEO of Nippon Airport Radio
Services CO.,LTD.
<Reasons for nomination as candidate for Outside Director who is an Audit & Supervisory Committee Member andsummary of expected roles>
Yoshikazu Takahashi is expected to appropriately fulfill his duties as Outside Director who is an Audit & Supervisory
Committee Member, including offering useful advice to the Board of Directors and conducting audits on the legality ofmanagement executions as an Outside Director who is an Audit & Supervisory Committee Member from a neutral
standpoint utilizing his extensive experience and discernment in telecommunications carriers. Therefore, the Company
has nominated Mr. Takahashi as a candidate.
1. There is no special interest between any of the candidates and the Company.
2. Shigeru Kawamoto, Kazuaki Tanaka and Yoshikazu Takahashi are candidates for Outside Director who is an Audit &Supervisory Committee Member.
Subject to the approval and adoption of this proposal, the Company has submitted notification to the Tokyo Stock
Exchange that they have been designated as independent officers as provided for by the aforementioned exchange.
3. Shigeru Kawamoto is currently an Outside Director who is an Audit & Supervisory Committee Member of the Company,
and at the conclusion of this meeting, his tenure as Outside Director who is an Audit & Supervisory Committee Member
will have been two years. Furthermore, prior to his appointment as an Outside Director who is an Audit & Supervisory
Committee Member, he was an Outside Audit & Supervisory Board Member of the Company, and his tenure since his
appointment as Outside Audit & Supervisory Board Member will have been three years.
4. Kazuaki Tanaka has, in the past ten years, served as a person executing business in MUFG Bank, Ltd., which is a major
business partner for the Company. The matters regarding his position and responsibility are described in “Career summary,position and responsibility in the Company, and significant concurrent positions outside the Company.” Mr. Tanaka retired
from office in MUFG Bank, Ltd. in June 2017.
5. Yoshikazu Takahashi has, in the past ten years, served as a person executing business in NIPPON TELEGRAPH AND
TELEPHONE CORPORATION, which is a major business partner for the Company. The matters regarding his position
and responsibility are described in “Career summary, position and responsibility in the Company, and significant
concurrent positions outside the Company.” Mr. Takahashi retired from office in NIPPON TELEGRAPH AND
TELEPHONE CORPORATION in June 2017.
6. The Company has entered into an agreement with Shigeru Kawamoto to limit the maximum amount of liability fordamages provided for by Article 423, paragraph (1) of the Companies Act, to the amount provided for by each item ofparagraph (1) of Article 425 of the said Act. If his reelection is approved and adopted in this proposal, the Company plansto renew this agreement with him. In addition, if the elections of Kazuaki Tanaka and Yoshikazu Takahashi are approved
and adopted in this proposal, the Company plans to enter into agreements with the same content with them.
7. The Company has entered into a liability insurance contract with an insurance company for directors and officers to coverdamages that may arise from the insured assuming responsibility for the execution of their duties or receiving claims
related to the pursuit of such responsibility by such insurance contract. If the election of each candidate is approved andadopted in this proposal, each candidate will be included as the insured of such insurance contract. In addition, theCompany plans to renew such insurance contract with the same content at the next renewal time.

- 12 -

(Reference)
Skills Matrix of Board of Directors and Audit & Supervisory Committee Members (When Proposals 1 and 2 havebeen approved.)
Expected Role, Experience, and Knowledge
Indepe- Corporatendent Management
Officer Management
Strategy

Finance
Accounting

GovernanceCompliance

Sales
Marketing

〇

〇

〇
〇

Director

Shogo Kimura〇

Director

Tsukasa Aiura〇〇

Director

Norio Shimomura〇〇

Director

Masafumi Onoguchi〇〇

Director

Hidenori Tokida

〇

〇

〇

Outside Director

Tsunehiro Oki

〇

〇

〇

〇

Outside Director

Eizo Tabaru

〇

〇

〇

〇

〇

〇

〇

〇

Director
Audit &
Takaharu Nishimura
Supervisory
Committee Member
Director
Audit &
Osamu Sato
Supervisory
Committee Member
Outside Director
Audit &
Shigeru Kawamoto
Supervisory
Committee Member
Outside Director
Audit &
Kazuaki Tanaka
Supervisory
Committee Member
Outside Director
Audit &
Yoshikazu Takahashi
Supervisory
Committee Member

〇

〇

〇

〇

〇

〇

IT/DX
R&D
Production

〇

〇
〇

〇

〇
〇

〇

○

○

〇

〇

〇

〇

* The above list only includes the main skills that each person is expected to possess.

- 13 -〇〇〇〇

Social/EnviroGlobal
nmentInternationaSustainability
lity〇〇