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.

To our shareholders:

Securities Code: 6432
Date mailed: May 1, 2023
Start date of electronic provision measures: April 21, 2023
Toshiya Takeuchi
President and Representative Director
TAKEUCHI MFG. CO., LTD.
205, Uwadaira, Sakaki-machi, Hanishina-gun, Nagano

Notice of the 61st Annual General Meeting of Shareholders
You are hereby notified of the 61st Annual General Meeting of Shareholders of TAKEUCHI MFG. CO., LTD. (the“Company”), which will be held as indicated below.
When convening the 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 following websites. Please access either of those websites by using the Internet address shown
below to review the information.
This convocation notice has been sent to all shareholders who have requested the delivery of paper-based documentsin accordance with laws and regulations and the Articles of Incorporation.
Company website
https://www.takeuchi-mfg.co.jp/ir/event/event_03.html (in Japanese)
Website listing materials for the General Meeting of Shareholders
https://d.sokai.jp/6432/teiji/ (in Japanese)
Tokyo Stock Exchange, Inc.’s website (Listed Company Search):https://www2.jpx.co.jp/tseHpFront/JJK010010Action.do?Show=Show (in Japanese)(Please access the TSE website above, enter and search for “TAKEUCHI MFG” under “Issue name (company name)”or “6432” under “Code,” and select “Basic Information” and “Documents for public inspection/PR Information” toaccess the information.)
If you are unable to attend the meeting in person, you may exercise your voting rights in writing or via the Internet.
Please review the Reference Documents for the General Meeting of Shareholders and exercise your voting rights by
5:00 p.m. on Wednesday, May 24, 2023 (JST).
1. Date and Time: Thursday, May 25, 2023, at 10:00 a.m. (JST) (Reception opens at 9:15 a.m.)(The venue “Santomyuze” opens its doors at 9:00 a.m. Please note that you cannot enter thebuilding before then.)
2. Venue:
Large Hall, Santomyuze (Ueda Performing Arts & Cultural Center)
3-15-15, Tenjin, Ueda-shi, Nagano
3. Purpose of the Meeting
Matters to be reported:
1. The Business Report and the Consolidated Financial Statements for the 61st fiscal year (from March 1, 2022
to February 28, 2023), and the results of audits of the Consolidated Financial Statements by the Financial
Auditor and the Audit and Supervisory Committee
2. The Non-consolidated Financial Statements for the 61st fiscal year (from March 1, 2022 to February 28,
2023)
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Matters to be resolved:
Proposal No. 1
Appropriation of Surplus
Proposal No. 2
Election of Six Directors (Excluding Directors Who Are Audit and Supervisory
Committee Members)
Proposal No. 3
Election of One Director Who Is an Audit and Supervisory Committee Member
Proposal No. 4
Revision of Remuneration Amount for Directors (Excluding Directors Who Are Audit
and Supervisory Committee Members)
Proposal No. 5
Revision of Remuneration Amount for Directors Who Are Audit and Supervisory
Committee Members- If you attend the meeting in person, please submit the voting form at the reception desk. Please note that anyone other than ashareholder who is entitled to exercise voting rights (e.g., non-shareholding proxy, person accompanying the shareholder) may notattend the meeting.
- Among the matters subject to measures for electronic provision, “Notes to the Consolidated Financial Statements” and “Notes to the
Non-Consolidated Financial Statements” are not included in this convocation notice in accordance with laws and regulations andArticle 15, paragraph 2 of the Company’s Articles of Incorporation.
Therefore, this convocation notice makes up only a part of what was audited for the Consolidated Financial Statements and the Nonconsolidated Financial Statements by the Financial Auditor and the Audit and Supervisory Committee in the course of preparation of
their audit report.
- If the matters subject to measures for electronic provision are revised, a notice of the revisions and the details of the matters before
and after the revisions will be posted on the websites listed on page 1.

-2-

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

Appropriation of Surplus

The Company proposes the appropriation of surplus as follows:
Year-end dividends
The Company regards the return of profit to its shareholders as one of its key management priorities. It maintains abasic policy of paying stable dividends on a continual basis while securing internal reserves necessary for putting theCompany on a firmer footing and preparing for future business development with a target consolidated dividend
payout of 30%.
In line with the aforementioned policy, the Company proposes to pay a year-end dividend for the fiscal year as
follows:- Type of dividend property
To be paid in cash.
- Allotment of dividend property and aggregate amount thereof
The Company proposes to pay a dividend of ¥98 per common share of the Company.
In this event, the total dividends will be ¥4,679,017,644.
- Effective date of dividends of surplus
The effective date of dividends will be May 26, 2023.

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Proposal No. 2

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

The terms of office of all six Directors (excluding Directors who are Audit and Supervisory Committee Members;
the same shall apply hereinafter in this proposal) will expire at the conclusion of this meeting.
Therefore, the Company proposes the election of six Directors.
Nominations of candidates for Directors are decided by the Board of Directors following a report from theNominating Advisory Committee. This proposal was reviewed by the Audit and Supervisory Committee and thecommittee did not find any matters requiring special mention.
The candidates for Director are as follows:
Candidate
No.
1
2

Name
Akio Takeuchi
Reelection
Toshiya Takeuchi
Reelection

Gender
Male
Male

3

Takahiko Watanabe
Reelection

Male

4

Clay Eubanks
Reelection

Male

5

Osamu Kobayashi
Reelection

Male

6

Hiroshi Yokoyama
Reelection

Male

Current position and responsibility in the
Company
Chairman and Representative Director
President and Representative Director
Responsible for Auditing OfficeDirector and General Manager of Production
Control & Purchasing Department
Responsible for Quality Department and Togura
Factory
Director and General Manager of Sales and After
Sales Support Departments
Director and General Manager of Business
Management Department
Responsible for General Affairs, Human
Resources and Information System Departments
Director and General Manager of Design &Development Department 1
Responsible for Design & Development
Department 2, Head Office Factory, andProduction Engineering Department-4-

Attendance atBoard of Directors
meetings
16/16(100%)
16/16(100%)
16/16(100%)
16/16(100%)
16/16(100%)

16/16(100%)

Candidate
No.

Name/Gender (Date of birth)

Career summary, position and responsibility in the Company,
and significant concurrent positions outside the Company
Aug. 1963

1

Number of theCompany’s shares
owned

Established the Company as President andRepresentative Director
May 2019
Chairman and Representative Director (current
position)
Akio Takeuchi(Significant concurrent positions outside the Company)Male
0 sharesDirector and Chairman of Takeuchi Mfg. (U.S.) Ltd.
(November 3, 1933)
Reelection
Director and President of Takeuchi Mfg. (U.K.) Ltd.
Director and President of Takeuchi France S.A.S.
Chairman of Takeuchi Qingdao Mfg. Co., Ltd.
Representative Director of Takeuchi Scholarship Foundation[Reasons for nomination as candidate for Director]
Since establishing the Company in 1963, Akio Takeuchi has a record of achievement in developing and growing theCompany for many years as its founder, and possesses excellent management skills based on many years of experienceand ample achievements in corporate management. As the Company expects him to draw on the ample experience,
record of achievement, and knowledge he has gained thus far to fulfill a decision-making and supervisory role inmanagement, it nominated him as a candidate for Director.

-5-Candidate
No.

Name/Gender (Date of birth)

Career summary, position and responsibility in the Company,
and significant concurrent positions outside the Company
Apr. 1985
May 2004

2

Number of theCompany’s shares
ownedJoined the Company
Director and General Manager of Murakami
Factory
May 2008
Director and Vice President
May 2011
Director and Vice President supervising
Production, Quality, and Procurement
Departments
May 2014
Director and Vice President
May 2016
Director and Vice President responsible for
Production, Research & Development, andQuality Departments
May 2017
Director and Vice President
May 2018
Director and Vice President responsible for
Production, Quality, General Affairs, Business
Management, and Information System
Departments
Toshiya Takeuchi
May 2019
President and Representative Director
Maleresponsible for Auditing Office, Sales
2,655,839 shares(January 9, 1963)
Department, Head Office Factory, and Togura
Reelection
Factory
May 2020
President and Representative Director
responsible for Auditing Office, Head Office
Factory, and Togura Factory
June 2021
President and Representative Director
responsible for Auditing Office, Head Office
Factory, Togura Factory, and Production
Engineering Department
May 2022
President and Representative Director
responsible for Auditing Office (current
position)(Significant concurrent positions outside the Company)
Director of Takeuchi Mfg. (U.S.) Ltd.
Director of Takeuchi Mfg. (U.K.) Ltd.
Director of Takeuchi France S.A.S.
Director of Takeuchi Qingdao Mfg. Co., Ltd.
[Reasons for nomination as candidate for Director]
Toshiya Takeuchi has led the strengthening of production and quality, mainly in the production departments. Following
his appointment as President and Representative Director in May 2019, he delivered strong leadership amid anuncertain business environment, determinedly working to resolve management issues and achieving strong results. He
has also led the formulation of the medium-term management plan, and promotes the expansion and enhancement ofbusiness. As the Company expects him to draw on this experience, record of achievement, and knowledge to fulfill a
decision-making and supervisory role in management, it nominated him as a candidate for Director.

-6-

Candidate
No.

Name/Gender (Date of birth)

Career summary, position and responsibility in the Company,
and significant concurrent positions outside the Company
Apr. 2006
May 2016

3

4

Number of theCompany’s shares
ownedJoined the Company
Executive Officer and General Manager of
Production Control & Purchasing Department
June 2016
Executive Officer and General Manager ofPurchasing Department
May 2018
Director and General Manager of Purchasing
Department responsible for Production Control
Takahiko Watanabe
Department
Male
May 2019
Director and General Manager of Purchasing
2,643 shares(April 28, 1960)
Department responsible for Quality andReelection
Production Control Departments
June 2021
Director and General Manager of Production
Control & Purchasing Department responsible
for Quality Department
May 2022
Director and General Manager of Production
Control & Purchasing Department responsible
for Quality Department and Togura Factory(current position)[Reasons for nomination as candidate for Director]
Since joining the Company in 2006, Takahiko Watanabe has worked in the procurement departments throughout his
career, has dedicated his efforts to and has a record of achievement in consistently procuring fair-quality components at
optimum price, contributing greatly to the improvement of the Company’s business performance. As the Company
expects him to draw on this experience, record of achievement, and knowledge to fulfill a decision-making andsupervisory role in management, it nominated him as a candidate for Director.
Sept. 1984
Joined Takeuchi Mfg. (U.S.) Ltd.
Central Region Sales Manager
Jan. 2000
Vice President and General Manager
Jan. 2003
Director and President
May 2018
Managing Executive Officer of the Company
May 2019
Director responsible for Global Sales
Promotion
Clay Eubanks
Male
May 2020
Director and General Manager of Sales
2,387 shares(November 16, 1964)
Department responsible for Parts Department
Reelection
May 2021
Director and General Manager of Sales andParts Departments
Mar. 2023
Director and General Manager of Sales andAfter Sales Support Departments (current
position)(Significant concurrent positions outside the Company)
Director and Vice Chairman of Takeuchi Mfg. (U.S.) Ltd.
[Reasons for nomination as candidate for Director]
As President of the Company’s U.S. sales subsidiary, and since 2019 as Director responsible for the Sales Departmentof the Company, Clay Eubanks has been greatly contributing to developing markets and expanding sales. As theCompany expects him to draw on this experience, record of achievement, and knowledge to fulfill a decision-making
and supervisory role in management, in addition to being able to ensure the internationality and diversity of the Boardof Directors, it nominated him as a candidate for Director.

-7-

Candidate
No.

Name/Gender (Date of birth)

Career summary, position and responsibility in the Company,
and significant concurrent positions outside the Company
Oct. 2015

5

6

Notes:

1.
2.

3.
4.

Number of theCompany’s shares
ownedJoined the Company, General Manager ofInternal Auditing Office
June 2016
General Manager of Production Control
Department
May 2017
General Manager of Business Management
Department
May 2018
Executive Officer and General Manager ofBusiness Management Department
Osamu Kobayashi
May 2019
Director and General Manager of Business
Male
Management Department responsible for
2,039 shares(May 14, 1959)
General Affairs and Information System
Reelection
Departments
Jan. 2021
Director and General Manager of Business
Management and General Affairs Departments
responsible for Information System Department
Jan. 2023
Director and General Manager of Business
Management Department responsible forGeneral Affairs, Human Resources andInformation System Departments (current
position)[Reasons for nomination as candidate for Director]
Osamu Kobayashi possesses business experience from his previous work as a director in charge of the administrative
departments at a listed company, and since joining the Company in 2015, he has served as General Manager of theInternal Auditing Office, Production Control Department, Business Management Department, and General Affairs
Department, contributing greatly to the development of the Company’s management structure. As the Company expects
him to draw on this experience, record of achievement, and knowledge to fulfill a decision-making and supervisory rolein management, it nominated him as a candidate for Director.
Apr. 1985
Joined the Company
May 2016
General Manager of Design & Development
Department
May 2018
Executive Officer and General Manager ofHiroshi Yokoyama
Design & Development Department
Male
May 2020
Director and General Manager of Design &29,542 shares(January 17, 1962)
Development Department
Reelection
June 2022
Director and General Manager of Design &Development Department 1 responsible for
Design & Development Department 2, Head
Office Factory and Production Engineering
Department (current position)[Reasons for nomination as candidate for Director]
Since joining the Company in 1985, Hiroshi Yokoyama has worked in the Design & Development Department
throughout his career, and is currently managing the promotion of development projects for various new products andcontinuing to release new products into the market in a timely manner as Director responsible for the Design &Development Department, contributing greatly to the improvement of the Company’s business performance. As theCompany expects him to draw on this experience, record of achievement, and knowledge to fulfill a decision-making
and supervisory role in management, it nominated him as a candidate for Director.
There is no special interest between any of the candidates and the Company.
The number of the Company’s shares held by candidate for Director Akio Takeuchi is stated above as 0 shares. The
Company was informed that, effective January 31, 2017, the 2,702,100 shares of the Company previously held by Mr.
Takeuchi were donated to the Takeuchi Scholarship Foundation, of which he is the Representative Director.
The number of the Company’s shares held by each candidate includes the shares held through the Officer’s Shareholding
Association, with fractional shares rounded down.
The Company has entered into a directors and officers liability insurance policy with an insurance company as provided
for in Article 430-3, paragraph 1 of the Companies Act. The policy covers losses borne by the insureds for the legally
mandated amount of indemnification and litigation expenses. Each candidate is included as an insured in the policy, andthe full amount of the insurance premiums is borne by the Company. If the election of each candidate in this proposal isapproved, they will continue to be an insured. However, there are certain reasons for coverage exclusions in the policy;-8-

for example, losses arising from claims for damages due to illegal acts committed by an insured are not covered. Whenthe policy is renewed, the Company plans to renew the policy with the same terms.

-9-Proposal No. 3

Election of One Director Who Is an Audit and Supervisory Committee Member

In order to strengthen the auditing and supervisory system of management and to enhance corporate value over the
medium to long term, the Company proposes to increase the number of Directors who are Audit and Supervisory
Committee members by one, and requests the election of one Director who is a member of the Audit and Supervisory
Committee.
The consent of the Audit and Supervisory Committee has been obtained for this proposal.
The candidate for Director who is an Audit and Supervisory Committee Member is as follows:
Name/Gender (Date of birth)

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

Joined Nippon Lever K.K. (current Unilever Japan K.K.)
Director of Personnel Development, Human Resource
Department
May 2004
Seconded to Human Resource Strategy Headquarters of
Unilever PLC (U.K. headquarters of Unilever)
Yuko Miyata
July 2005
Director and General Manager of Human Resource andFemaleGeneral Affairs Headquarters of Unilever Japan K.K.
(August 1, 1964)
May 2013
Executive Officer and Head of Human Resources of Bayer
New election
Holding Ltd.
OutsideJan. 2021
Human resource consultant (private business owner)
Independent(current position)
May 2023
Corporate Auditor of Lawson, Inc. (appointment planned)(Significant concurrent positions outside the Company)
Human resource consultant (private business owner)
Corporate Auditor of Lawson, Inc. (appointment planned in May 2023)* Yuko Miyata is a candidate for outside Director.

Number of theCompany’s shares
owned

Apr. 1989
Jan. 2001

0 shares[Reasons for nomination as candidate for outside Director who is an Audit and Supervisory Committee Member and outline
of expected role]
Yuko Miyata has accumulated international experience including overseas positions in the U.S. and U.K. She has been involved inoverall business decision-making, governance, and compliance as a member of management at the Japanese subsidiaries of Unileverand Bayer, and has extensive experience and deep insight particularly in human resources (global human resources development,
diversity and inclusion, occupational health and safety, workplace environment improvement, etc.), ranging from field operations tostrategic projects at global headquarters. The Company proposes her election as an outside Director in expectation that she will
apply this knowledge to the audit and supervision of the Company’s management, and offer valid advice about the Company’s
initiatives for ESG issues.
[Registration as Independent Officer]
Yuko Miyata satisfies the “Standards for Independence of Outside Directors” established by the Company and the requirements for
an independent officer as provided for by Tokyo Stock Exchange, Inc. In addition, the Company does not engage in business
transactions with Ms. Miyata or with any organization or group she belongs to. Accordingly, the Company deems that she maintains
sufficient independence.
If the election of Ms. Miyata is approved, the Company plans to submit a notification to Tokyo Stock Exchange, Inc. concerning her
appointment as an independent officer as provided for by the aforementioned exchange.
[Limited liability agreements with Director who is an Audit and Supervisory Committee Member]If the election of Yuko Miyata is approved, pursuant to Article 427, paragraph 1 of the Companies Act, the Company plans to enter
into an agreement with her to limit her liability for damages under Article 423, paragraph 1 of the same Act. Pursuant to thisagreement, the defined maximum amount of liability for damages is the minimum liability amount provided for under Article 425,
paragraph 1 of the same Act.
Notes: 1. There is no special interest between the candidate and the Company.
2. The Company has entered into a directors and officers liability insurance policy with an insurance company as provided
for in Article 430-3, paragraph 1 of the Companies Act. The policy covers losses borne by the insureds for the legally
mandated amount of indemnification and litigation expenses. If the election of Yuko Miyata in this proposal is approved,
she will be insured under the policy, and the Company plans to bear the full amount of the insurance premiums. However,there are certain reasons for coverage exclusions in the policy; for example, losses arising from claims for damages due
to illegal acts committed by an insured are not covered. When the policy is renewed, the Company plans to renew thepolicy with the same terms.
3. Yuko Miyata’s name is listed in the family register as Yuko Yajima.

- 10 -

Proposal No. 4

Revision of Remuneration Amount for Directors (Excluding Directors Who Are Audit andSupervisory Committee Members)

At the 58th Annual General Meeting of Shareholders held on May 28, 2020, it was resolved that the annual
remuneration amount for Directors (excluding Directors who are Audit and Supervisory Committee Members; thesame shall apply hereinafter in this proposal) shall be ¥300 million or less (provided that this amount does not include
the employee salary portion), which has remained until now. However, in consideration of various circumstances
including increased duties and expected roles performed by Directors due to changes in economic and businessenvironments, the Company wishes to revise the annual remuneration amount for Directors to ¥400 million or less.
In addition, the Company proposes that the remuneration amount for Directors continues to exclude the employee
salary portion for Directors who are concurrently employees.
The policy on determination of details of remuneration, etc. for Directors is as described in the Business Report on
pages 26 through 28 (in Japanese only). The details of this proposal have been judged to be appropriate as they were
decided by the Board of Directors after receiving a report from the Remuneration Advisory Committee stating thatthe proposal is rational and necessary for determining remuneration, etc. for individual Directors in line with thispolicy. This proposal was reviewed by the Audit and Supervisory Committee and the committee did not find any
matters requiring special mention.
If Proposal No. 2 is approved and adopted as proposed, the number of Directors will be six, which is the same as thecurrent number.

- 11 -

Proposal No. 5

Revision of Remuneration Amount for Directors Who Are Audit and Supervisory Committee
Members

At the 54th Annual General Meeting of Shareholders held on May 27, 2016, it was resolved that the annual
remuneration amount for Directors who are Audit and Supervisory Committee Members shall be ¥30 million or less,which has remained until now. However, in consideration of various circumstances such as an expected increase in
the number of Directors who are Audit and Supervisory Committee members and the securing and increase in
outstanding personnel in the future, the Company wishes to revise the annual remuneration amount for Directors to¥60 million or less.
The policy on determination of details of remuneration, etc. for Directors is as described in the Business Report on
pages 26 through 28 (in Japanese only). This proposal has been judged to be appropriate after taking into
consideration the duties and responsibilities of Audit and Supervisory Committee members as well as an increase in
the number of members. This proposal was reviewed by each member of the Audit and Supervisory Committee, andthe committee did not find any matters requiring special mention.
The Company currently has three Directors who are Audit and Supervisory Committee members, but if Proposal No.
3 is approved and adopted as proposed, the number of Directors who are Audit and Supervisory Committee members
will be four.

- 12 -

(Reference) Composition of the Board of Directors
The following table shows the composition of the Board of Directors and has been produced on the assumption that
Proposal No. 2 and Proposal No. 3 for this General Meeting of Shareholders will be approved as originally proposed.

Name

Position

Chairman and
Representative
Director
President andToshiya Takeuchi Representative
Director
Director andGeneral Manager
of Production
TakahikoControl &Watanabe
Purchasing
Department
Director andGeneral Manager
of Sales and After
Clay Eubanks
Sales Support
Departments
Director andGeneral Manager
Osamu
of Business
KobayashiManagement
Department
Director andGeneral Manager
Hiroshiof Design &Yokoyama
Development
Department 1
Director and Fulltime Audit andMinoru Kusama Supervisory
Committee
MemberDirector and Audit
Akihikoand Supervisory
Kobayashi
Committee
MemberDirector and Audit
and Supervisory
Michio Iwabuchi
Committee
MemberDirector and Audit
and Supervisory
Yuko Miyata
Committee
MemberOutsideAkio Takeuchi

InterProducnationaltion/
Business Research
Legal/ Finance/ PerspecHuman&
Sales/ ProcureSustainaManageCompli- Accounttive/
Resource
bilityment/ Develop- Marketing ment/ing
ance
Overseas
StrategymentQualityStrategy
ExperiControl
ence
●

●

●

●

●

●

●

●

●

●

●

●

●

●

●

●

●

●

●

●

●

●

●

●

●

●

●

●

●

●

●

●

●

●

●

●

* The above table shows the areas where the Company expects Directors to be most active and does not represent all the areas in which
the Directors have knowledge.

- 13 -

(Reference)

Standards for Independence of Outside Directors of TAKEUCHI MFG. CO., LTD.

The Company has determined the following “Standards for Independence of Outside Directors” taking into accountthe independence standards established by Tokyo Stock Exchange, Inc., and judges that an outside Director or acandidate for outside Director is sufficiently independent if none of the following items applies to the individual:
1. A person who is currently or was in the past ten years a Director (excluding outside Director), Auditor (excluding
outside Auditor), Executive Officer or any other employee of the Company or a subsidiary of the Company.
2. A person who currently falls under or in the past three years fell under any of the following (1) to (10):(1) A party whose major client is the Company (*1) or an executive thereof(2) A major client of the Company (*2) or an executive thereof(3) A major lender of the Company (*3) or an executive thereof(4) A consultant, accountant, legal or other professional who receives a large amount of monetaryconsideration (*4) or other property from the Company in addition to compensation as an officer(5) A party belonging to the auditing firm that is the Financial Auditor of the Company(6) An executive of the lead managing underwriter of the Company(7) A major shareholder (*5) of the Company or an executive thereof(8) An executive of a company of which the Company is a major shareholder (*5)(9) A recipient of substantial donations, etc. (*6) from the Company or an executive thereof(10) An executive of a company involved in mutual dispatch to and from the Company
3. A spouse or relative within the second degree of kinship of a person who currently falls under or in the past one
year fell under the following (1) or (2):(1) Director (excluding outside Director), Auditor (excluding outside Auditor), Executive Officer or any other
employee of the Company or a subsidiary of the Company(2) A person who falls under any of the above 2.-(1) to 2.-(10), who is also an important person (*7)
*1: “A party whose major client is the Company” refers to a party for which the transaction amount with theCompany has exceeded 2% of the party’s net sales in any of its last three fiscal years.
*2: “A major client of the Company” refers to a party from which the transaction amount with the Company has
exceeded 2% of the Company’s net sales in any of the last three fiscal years.
*3: “Major lender of the Company” refers to one which has lent the Company an amount equivalent to over 2% of
the Company’s total assets in any of the last three fiscal years.
*4: “Large amount of monetary consideration” refers to amounts that have exceeded ¥10 million annually in any ofthe last three fiscal years.
*5: “Major shareholder” refers to a shareholder whose ownership ratio of voting rights is 10% or higher.
*6: “Substantial donations, etc.” refers to amounts that has exceeded ¥10 million annually in any of the last threefiscal years.
*7: “Important person” refers to an employee that holds a senior management position such as executive director,
executive, executive officer, general manager or above.

- 14 -