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: 6941
June 4, 2021
To our shareholders:
Yoshitaka Ota
President
YAMAICHI ELECTRONICS CO., LTD.
2-16-2, Minamikamata, Ota-ku, Tokyo, JAPANNOTICE OF THE 66TH ORDINARY GENERAL MEETING OF SHAREHOLDERS
We are pleased to inform you of the 66th Ordinary General Meeting of Shareholders of YAMAICHI ELECTRONICS
CO., LTD. (the “Company”), which will be held as described below.
If you are unable to attend the meeting, you can exercise your voting rights by mail or via the Internet. We requestthat you follow the instructions laid out below and exercise your voting rights on or before 5:15 p.m. on Thursday,June 24, 2021 (JST) after considering the following Reference Documents for the General Meeting of Shareholders.
1. Date and Time: Friday, June 25, 2021 at 1:00 p.m. (JST)
2. Venue:
Sakura Factory, YAMAICHI ELECTRONICS CO., LTD.
1-4-1 Osaku, Sakura-shi, Chiba, JAPAN3. Purposes:
Items to be reported:
1. Business Report and Consolidated Financial Statements for the 66th Term (from April 1, 2020 to March 31,2021), as well as the results of audit of the Consolidated Financial Statements by the Accounting Auditor
and the Audit & Supervisory Board
2. Non-Consolidated Financial Statements for the 66th Term (from April 1, 2020 to March 31, 2021)
Items to be resolved:
Proposal 1:
Appropriation of surplus
Proposal 2:
Election of eight (8) Directors
Proposal 3:
Election of one (1) Audit & Supervisory Board Member
Proposal 4:
Election of one (1) substitute Audit & Supervisory Board Member
4. Instructions on Exercising Voting Rights
Please refer to “Information on Exercise the Voting Rights” on page 3 (in Japanese only).
5. Disclosures on the Internet
Of the documents that should be provided alongside this Notice of Convocation, based on the provisions of laws
and regulations and Article 15 of the Articles of Incorporation of the Company, the following matters are postedon the Company’s website (URL: http://www.yamaichi.co.jp), and therefore have not been included in the
documents provided with this Notice of Convocation. Therefore, the documents provided with this notice are only
some of the documents that have been audited by the Audit & Supervisory Board Members or the accounting
auditors when preparing the audit report.
1. Notes to Consolidated Financial Statements
2. Notes to Non-Consolidated Financial Statements-1-

<Requests to Shareholders>
Due to the impact of the novel coronavirus disease (COVID-19), we will be holding the meeting at the Company’s Sakura Factory.
Please be careful as the venue and time of the meeting, starting at 1:00 p.m.
We have canceled the Management Report Meeting, which is held after the conclusion of the General Meeting of Shareholders.
To prevent the spread of the COVID-19 infection, you are requested to refrain from attending the General Meeting of Shareholders
in person this year, as much as possible, regardless of your health conditions.
This meeting will be livestreamed over the Internet as stated on page 4.
As the time for the meeting will be shortened due to the impact of COVID-19, please review the items to be reported (including theaudit report) and the details of the proposals in this Notice of Convocation.
If there are any changes to the details of the meeting, etc. going forward due to COVID-19, etc. by the General Meeting of
Shareholders, we will post the latest information on the Company’s website. (http://www.yamaichi.co.jp)
At the meeting, we ask all attendees to wear face masks, to take temperature and sanitize your hands and fingers with alcohol
disinfectant near the reception of the venue. Shareholders who are found to have fevers and/or appear to be unwell may be refusedentry and be asked to leave.

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<If you wish to attend on the day of the meeting>
The venue for this meeting is Sakura Factory of the Company.
The number of seats are limited to make more space between seats at the meeting venue.
We will be using a pre-registration system for attendance at this meeting, and shareholders who have registered willbe allowed to enter the venue with priority.
For shareholders who plan on attending on the day of the meeting, please access the pre-registration URL below andenter the necessary information to pre-register.
Pre-registration URL

http://www.yamaichi.co.jp/kabusou

Please pre-register by June 21 (Monday).
We may end the reception of pre-registration depending on the number of people who apply.
We request that you come to the venue after completing the pre-registration above as the seats for shareholders who
attend on the day of the meeting will be limited, shareholders who arrive without pre-registering may not be allowed
to enter the venue.

-3-Instructions for the livestream over the Internet
This meeting will be livestreamed over the Internet.
If you pre-register, you can watch this meeting from your home, so please utilize this method.
For shareholders who are going to watch this livestream of the meeting over the Internet, please pre-register. To preregister, please access the pre-registration URL below and enter the necessary information to pre-register.
Pre-registration URL

http://www.yamaichi.co.jp/kabusou

Please pre-register by June 21 (Monday).
The URL to watch the meeting will be sent to registered e-mail addresses of shareholders who have pre-registeredby the day before the meeting.
[Precautions when watching the livestream]
You may not be able to watch the livestream depending on variables such as the computer you are using or the statusof the Internet connection environment.
Shareholders watching the livestream will not be able to participate in resolutions on the day of the meeting. Please
exercise your voting rights beforehand using one of the methods listed on pages 3-5 (in Japanese only) of this Noticeof Convocation.
Please understand that shareholders watching the livestream will not be able to ask questions or bring up motions
under the Companies Act.
Please refrain from taking pictures or recording video or sound.
We strictly oppose the provision of URL for watching the livestream of the meeting to third parties.
As we are taking the privacy of attending shareholders into consideration, the livestream video will only show the
Chairperson’s and officers’ seats.

-4-Reference Documents for the General Meeting of Shareholders
Proposal 1:

Appropriation of surplus

The Company’s basic policy for profit distribution is to raise corporate value in the medium to long term and tomaintain stable dividends and return profits appropriately to shareholders while also strengthening our financial
structure and business foundation.
In light of a comprehensive assessment of earnings in this fiscal year, future business trends and the financial
foundation, we propose to pay a year-end dividend for this year of 27 yen per share as follows.
Including the interim dividend of 10 yen per share, the annual dividend per share will be 37 yen per share.
Type of dividend property
Cash
Allocation of dividend property and total amount thereof
27 yen per common share of the Company
Total amount of dividends: 578,076,345 yen
Effective date of distribution of dividends of surplus
June 28, 2021

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Proposal 2:

Election of eight (8) Directors

The terms of office of all eight Directors expire at the conclusion of this General Meeting of Shareholders.
Accordingly, we propose the election of eight Directors, including three Outside Directors.
The candidates for Directors are as follows:
No.
1
2
3
4
5

Name
Yoshitaka Ota
Junichi Kameya
Takeshi Tsuchiya
Kazuhiro Matsuda
Nobuhiro Kishimura

Position in the Company
President
Director and Managing Executive Officer
Director and Managing Executive Officer
Director and Senior Executive Officer
Director and Senior Executive Officer

6

Tomohiro Murata

Director

7

Yoichiro Sakuma

Director

8

Toshihisa Yoda

DirectorReelection
Reelection
Reelection
Reelection
Reelection
Reelection
OutsideIndependent
Reelection
OutsideIndependent
Reelection
OutsideIndependent

Reelection: Candidate for Director to be reelected
Outside: Candidate for Outside Director
Independent: Independent officer as defined by the securities exchange
Notes:

1. There is no special interest between each candidate and the Company.
2. Tomohiro Murata, Yoichiro Sakuma and Toshihisa Yoda are candidates for Outside Directors.
3. The Company has registered Tomohiro Murata, Yoichiro Sakuma and Toshihisa Yoda as Independent Officers as stipulated
in Article 436-2 of the Securities Listing Regulations of the Tokyo Stock Exchange, Inc. If their reelections are approved,
the Company will continue to register them as Independent Officers.
4. Based on the provisions in Article 427, Paragraph (1) of the Companies Act, the Company has concluded agreements with
Tomohiro Murata, Yoichiro Sakuma and Toshihisa Yoda that limit the liability for damages specified in Article 423,
Paragraph (1) of the Companies Act to the minimum amount stipulated in Article 425, Paragraph (1) of that Act. If theirreelections are approved, the Company plans to continue these agreements.
5. The Company has entered into an officer liability insurance policy with an insurance company in accordance with theprovisions of Article 430-3, Paragraph (1) of the Companies Act. This insurance policy covers legal damages and litigation
costs in the event of claim for damages caused by acts (or omissions) performed by the insured, including Directors, basedon their position in the Company (except where the insured has illegally obtained a benefit or advantage, or has committeda criminal act, fraudulent act, deceitful act, or has acted knowingly in violation of any laws or regulations, including laws
and regulations specific to Directors). In the event a candidate is elected and assumes office as a Director, the candidate
shall then become an insured person under this insurance policy. The insurance policy is scheduled to be renewed with thesame contents at the next renewal period.

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No.

Name
(Date of birth)

Yoshitaka Ota(October 10, 1948)
Reelection

1

2

3

Tenure8 years
Attendance at Board of
Directors meetings
12/12

Career summary, position and responsibilities in the Company
May 2002
Apr. 2004
Oct. 2005
Apr. 2007
June 2008
June 2009
June 2010

Joined the Company
Senior Executive Officer and Senior General
Manager of Manufacturing Div.
Manager of Sakura Factory
General Manager of Corporate Planning Dept.
Director
Executive Vice-president, Pricon
Microelectronics, Inc.
Audit & Supervisory Board Member of theCompany (full-time)
President (present position)
In charge of Optical-related Business

Number of theCompany’s sharesowned

126,600

June 2013
May 2017
Reasons for nomination as candidate for Director
Yoshitaka Ota possesses wide-ranging knowledge and experience in the Company’s overall operations from his
experience in each division, and given his achievements as the President, we have nominated him again as a candidate
for Director.
Apr. 1987
Joined the Company
Oct. 2007
President, Yamaichi Electronics Shenzhen Co.,
Junichi Kameya
Ltd.
(June 29, 1964)
Apr. 2012
Executive Officer and Senior General Manager
Reelectionof Manufacturing Div., General Manager of
Manufacturing Control Dept. of the Company
58,200Tenure8 years
Apr. 2013
Senior General Manager of CS Business Div.
Attendance at Board of(present position)
Directors meetings
June 2013
Director (present position) and Senior
12/12
Executive Officer
June 2019
Managing Executive Officer (present position)
Reasons for nomination as candidate for Director
Junichi Kameya possesses extensive knowledge and experience in the Company’s operations, particularly in the sales
division and the manufacturing division, and also has experience in corporate management at subsidiaries. Given hisachievements as Director, we have nominated him again as a candidate for Director.
Apr. 1984
Joined the Company
Feb. 2004
Executive Officer of the Company
Apr. 2006
President, Yamaichi Electronics Shenzhen Co.,Ltd.
Takeshi Tsuchiya
Apr. 2008
Executive Officer and Senior General Manager(June 1, 1961)of TS Business Div. of the Company
Reelection
June 2013
Director (present position) and Senior
43,200TenureExecutive Officer
8 years
June 2016
In charge of Optical-related Business
Attendance at Board ofJune 2018
Managing Executive Officer (present position)
Directors meetings
In charge of Engineering Administration
12/12
Department
June 2019
In charge of Manufacturing Division
Apr. 2020
Senior General Manager of Manufacturing Div.
(present position)
Reasons for nomination as candidate for Director
Takeshi Tsuchiya possesses extensive knowledge and experience in the Company’s operations, particularly in the sales
division and the manufacturing division, and also has experience in corporate management at subsidiaries. Given hisachievements as Director, we have nominated him again as a candidate for Director.

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No.

Name
(Date of birth)

Kazuhiro Matsuda(April 11, 1964)
Reelection

4

5

6

Tenure4 years
Attendance at Board of
Directors meetings
12/12

Career summary, position and responsibilities in the Company
Dec. 1988
Apr. 2009

Apr. 2014
Apr. 2015
June 2017

Joined the Company
General Manager of Overseas Sales Dept.,
Sales Headquarters, Business Control
Headquarters
President, Yamaichi Electronics USA, Inc.
Executive Officer of the Company
Director (present position) and Senior
Executive Officer (present position)
Senior General Manager of Administration Div.
(present position)
General Manager of Information Systems Dept.

Number of theCompany’s shares
owned

22,900

May 2020
Reasons for nomination as candidate for Director
Kazuhiro Matsuda possesses extensive knowledge and experience in the Company’s operations, particularly in theadministration division and the overseas sales division, and also has experience in corporate management at
subsidiaries. Given his achievements as Director, we have nominated him again as a candidate for Director.
Nov. 1988
Joined the Company
Feb. 2004
General Manager of Sales Dept. II
Apr. 2008
General Manager of West Japan Sales Dept.,
General Manager of TS Planning and Special
Items Dept.
Apr. 2011
General Manager of TS Business Promotion
Nobuhiro Kishimura
Dept.
(September 24, 1964)
Apr. 2013
General Manager of TS Business Promotion Gr.
Reelection
General Manager of TS Sales Dept.
June 2013
Acting Senior General Manager of TS Business
21,200TenureDiv.
3 years
Apr. 2014
Executive Officer of the Company
Attendance at Board of
June
2018
Director(present position) and SeniorDirectors meetings
Executive
Officer (present position)
12/12
In charge of Optical-related Business,
Manufacturing Division (present position)
June 2019
Senior General Manager of TS Business Div.
(present position)
In charge of Engineering Administration
Department (present position)
Reasons for nomination as candidate for Director
Nobuhiro Kishimura possesses extensive knowledge and experience in the Company’s operations, particularly in thesales division and manufacturing division, and also has experience in business operation as an executive officer. Given
his achievements as Director, we have nominated him again as a candidate for Director.
Apr. 1991
Joined Daiwa Securities Co. Ltd.
Tomohiro Murata
July 1994
Joined Daiwa Institute of Research Ltd.
(June 17, 1968)
Sept. 1996
Joined Morgan Stanley Japan Limited
Reelection
Feb. 2009
Joined Frontier Management Inc.
OutsideManaging Director
Independent–
June 2015
Outside Director of the Company (present
Tenureposition)
6 years
June 2018
Managing Director, Frontier Management Inc.
Attendance at Board of(present position)
Directors meetings(Significant concurrent positions outside the Company)
12/12
Managing Director, Frontier Management Inc.
Reasons for nomination as candidate for Outside Director and overview of expected role
Tomohiro Murata has extensive experience as a management consultant and possesses wide-ranging knowledge. We
expect him to provide objective and unbiased advice on management, and we have nominated him again as a candidate
for Outside Director. While he does not have experience in working directly in corporate management, for the reasons
given above, we believe that he would fulfill his responsibilities as an Outside Director.

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No.

Name
(Date of birth)

Career summary, position and responsibilities in the Company
Apr. 1980

7

8

Number of theCompany’s shares
ownedJoined Nitto Electric Industrial Co., Ltd.
(currently Nitto Denko Corporation)
June 2006
Vice President, Nitto Denko Corporation
June 2010
Director, Vice President, Nitto Denko
Corporation
June 2013
Director, Executive Vice President, Nitto Denko
Yoichiro Sakuma
Corporation(September 4, 1955)
Jan. 2018
Advisor, Refine Holdings Co., Ltd. (present
Reelection
position)
OutsideJune 2018
Outside Director of the Company (present
Independent
position)
600
Outside Director, Nitta Gelatin Inc. (present
Tenureposition)
3 years
Oct. 2018
Outside Director, Nitta Gelatin India Ltd.
Attendance at Board of(present position)
Directors meetings
Feb. 2019
Director, Refine Americas Inc. (present
11/12
position)(Significant concurrent positions outside the Company)
Outside Director, Nitta Gelatin Inc.
Outside Director, Nitta Gelatin India Ltd.
Advisor, Refine Holdings Co., Ltd.
Director, Refine Americas Inc.
Reasons for nomination as candidate for Outside Director and overview of expected role
Yoichiro Sakuma has extensive experience over many years as a corporate executive and possesses wide-ranging
knowledge. We expect him to provide objective and unbiased advice on management, and we have nominated him
again as a candidate for Outside Director.
Apr. 1982
Joined Shinko Electric Industries Co., Ltd.
Toshihisa Yoda
(January 3, 1958)
Apr. 2007
Corporate Officer, Shinko Electric Industries
Reelection
Co., Ltd.
OutsideJune 2011
Director and Senior Corporate Officer, Shinko
Independent
Electric Industries Co., Ltd.
–
June 2014
Director and Executive Managing Corporate
TenureOfficer, Shinko Electric Industries Co., Ltd.
1 yearJune 2018
Advisor, Shinko Electric Industries Co., Ltd.
Attendance at Board ofJune 2020
Outside Director of the Company (present
Directors meetings
position)
10/10
Reasons for nomination as candidate for Director and overview of expected role
Toshihisa Yoda has extensive experience over many years as a corporate executive and possesses wide-ranging
knowledge of semiconductor-related business, which is a specialty of the Company’s businesses. We expect him toprovide objective and unbiased advice on management, and we have nominated him again as a candidate for Outside
Director.

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Proposal 3:

Election of one (1) Audit & Supervisory Board Member

The term of office of Katsuichi Kato, an Audit & Supervisory Board Member, will expire at the conclusion of this
General Meeting of Shareholders. Accordingly, we propose the election of one Audit & Supervisory Board Member.
The Audit & Supervisory Board has given its consent to this proposal.
The candidate for Audit & Supervisory Board Member is as follows:
Name(Date of birth)

Career summary and position in the Company
Apr. 1981
July 1992

Number of theCompany’s shares
ownedJoined Pioneer Corporation
Transferred to Q-TEC, Inc., Manager of Accounting Section,
General Affairs Department
Apr. 2002
Manager, Business Management Section, International
Business Division, Pioneer Corporation
Koichiro Yanagisawa
Nov. 2010
Joined the Company, Assistant to General Manager of(January 18, 1959)
9,000
Corporate Planning Dept.
New election
June 2013
General Manager, Corporate Administration Dept. (present
position)
July 2017
Executive Officer (present position)
Deputy Senior General Manager, Administration Div.
(present position)
Reasons for nomination as candidate for Audit & Supervisory Board Member
Koichiro Yanagisawa has extensive knowledge of business operations and corporate management and considerable expertise infinance and accounting, having served as an Executive Officer of the Company and as Deputy Senior General Manager of the
Administration Division as well as General Manager of Corporate Administration Department.
The Company has judged that he is suitable for the position of Audit & Supervisory Board Member of the Company based on his
extensive experience and wide-ranging knowledge.
Notes: 1. There is no special interest between the candidate and the Company.
2. The Company has entered into an officer liability insurance policy with an insurance company in accordance with theprovisions of Article 430-3, Paragraph (1) of the Companies Act. This insurance policy covers legal damages and litigation
costs in the event of claim for damages caused by acts (or omissions) performed by the insured, including Audit &Supervisory Board Members, based on their position in the Company (except where the insured has illegally obtained abenefit or advantage, or has committed a criminal act, fraudulent act, deceitful act, or has acted knowingly in violation of
any laws or regulations, including laws and regulations specific to Audit & Supervisory Board Members). In the event acandidate is elected and assumes office as an Audit & Supervisory Board Member, the candidate shall then become an
insured person under this insurance policy. The insurance policy is scheduled to be renewed with the same contents at thenext renewal period.
New election: Candidate for Audit & Supervisory Board Member to be newly elected- 10 -

Proposal 4:

Election of one (1) substitute Audit & Supervisory Board Member

Based on the provisions of Article 329, Paragraph (3) of the Companies Act, the Company proposes to elect one
substitute Audit & Supervisory Board Member to prepare for a contingency in which the Company does not have thenumber of Audit & Supervisory Board Members required by laws and regulations.
The Audit & Supervisory Board has given its consent to this proposal.
The candidate for substitute Audit & Supervisory Board Member is as follows:
Name(Date of birth)

Career summary and position in the Company
Apr. 1974
Apr. 1998

Number of theCompany’s shares
ownedJoined Toshiba Corporation
General Manager, Production Materials Department, Himeji
Plant, Toshiba Corporation
Apr. 2002
General Manager, Procurement Department, Komukai Plant,
Toshiba Corporation
Oct. 2005
General Manager, Procurement Department, Toshiba Carrier
Koryu Mukaigawa–
Air Conditioning System Corporation(November 10, 1951)
June 2009
Director and General Manager, Supplies Sales Division,Toshiba Business & Life Service Corporation
June 2015
Full-time Audit & Supervisory Board Member of Tamagawa
Holdings Co., Ltd.
July 2019
General Manager, Material Department, Tamagawa
Electronics Co., Ltd. (present position)
Reasons for nomination as candidate for substitute Outside Audit & Supervisory Board Member
Koryu Mukaigawa has extensive professional experience in a listed company and his experience as a full-time Audit & Supervisory
Board Member. The Company has nominated him as a candidate for substitute Outside Audit & Supervisory Board Member at theCompany because it looks forward to taking advantage of his knowledge and experience to further drive the enhancement of its
auditing capabilities.
Notes: 1. There is no special interest between the candidate and the Company.
2. Koryu Mukaigawa is a candidate for substitute Outside Audit & Supervisory Board Member.
3. If Koryu Mukaigawa assumes office of Audit & Supervisory Board Member, the Company plans to register him as an
Independent Officer as stipulated in Article 436-2 of the Securities Listing Regulations of the Tokyo Stock Exchange, Inc.
4. If Koryu Mukaigawa assumes office of Audit & Supervisory Board Member, the Company plans to conclude an agreementwith him that limits the liability for damages specified in Article 423, Paragraph (1) of the Companies Act to the minimum
amount stipulated in Article 425, Paragraph (1) of that Act based on the provisions in Article 427, Paragraph (1) of thatAct.
5. The Company has entered into an officer liability insurance policy with an insurance company in accordance with theprovisions of Article 430-3, Paragraph (1) of the Companies Act. This insurance policy covers legal damages and litigation
costs in the event of claim for damages caused by acts (or omissions) performed by the insured, based on their position in
the Company (except where the insured has illegally obtained a benefit or advantage, or has committed a criminal act,
fraudulent act, deceitful act, or has acted knowingly in violation of any laws or regulations, including laws and regulations
specific to Audit & Supervisory Board Members). In the event a candidate assumes office as an Audit & Supervisory
Board Member, the candidate shall then become an insured person under this insurance policy.

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