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: 6247)
June 8, 2022
To Our Shareholders:
Yoshikazu Takeshita, Director, President and Chief
Executive Officer
Hisaka Works, Ltd.
2-12-7, Sonezaki, Kita-ku, Osaka City

Notice of the 93rd Annual General Meeting of Shareholders
We are pleased to announce the 93rd Annual General Meeting of Shareholders of Hisaka Works, Ltd. (the“Company”), which will be held as indicated below.
If you are not able to attend the Meeting in person, you may exercise your voting rights in any one of the following
ways. Please follow the instructions in the reference document below and complete your voting.
[Exercise of Votes in Writing]
Please indicate on the Voting Rights Exercise Form enclosed herewith your approval or disapproval for the
proposals and return the form by 5:00 p.m. (JST). on Tuesday, June 28, 2022.
[Exercise of Votes via Internet]
Please access the Company’s designated website (https://evote.tr.mufg.jp/) follow the instructions on the screens,and input your approval or disapproval by 5:00 p.m. (JST) on Tuesday, June 28, 2022.
1. Date and Time: Wednesday, June 29, 2022, 10:00 a.m. (JST)
2. Venue:
Rental Conference Room, 26th Floor, Osaka Umeda Twin Towers North
8-1, Kakuda-cho, Kita-ku, Osaka City
3. Purpose of the Meeting:
Matters to be reported:
1. Report on the Business Report, the Consolidated Financial Statements for the 93rd Fiscal Year (From April
1, 2021 to March 31, 2022), and Audit Reports by the Accounting Auditor and the Audit and Supervisory
Committee on the Consolidated Financial Statements
2. Report on the Non-consolidated Financial Statements for the 93rd Fiscal Year (From April 1, 2021 toMarch 31, 2022)
Matters to be resolved:
Proposal No. 1
Partial Amendment to the Articles of Incorporation
Proposal No. 2
Election of Seven Directors (Excluding Directors Who Are Audit and Supervisory
Committee Members)
Please kindly note that no gifts will be given to attendees. Your understanding would be highly appreciated.
-

If you attend the meeting, please submit the Voting Rights Exercise Form enclosed herewith to the reception desk at the entrance ofthe meeting hall.
- As the Company’s efforts for “Cool Biz” energy conservation, please note that the Board members and relevant staff will dress
lightly on the day of the Meeting. Shareholders are also encouraged to attend the Meeting in light clothing.
- Among the documents that are to be attached to this Notice of the Meeting, the following items of the Consolidated Financial
Statements and Non-Consolidated Financial Statements are posted on the Company’s website (https://www.hisaka.co.jp/) in
accordance with applicable laws and regulations of Japan, and the provision of Article 15 of the Company’s Articles ofIncorporation, and therefore, are not included as the documents accompanying this Notice of the Meeting. They are Consolidated
Statements of Changes in Equity, Notes to Consolidated Financial Statements, Statements of Changes in Equity and Notes to NonConsolidated Financial Statements. Accordingly, the Consolidated Financial Statements and Non-Consolidated Financial
Statements accompanying this Notice of the Meeting are the portions of Consolidated Financial Statements and Non-Consolidated
Financial Statements that were audited by the Independent Auditor in the preparation of the Independent Auditor’s Report or by themember of the Audit and Supervisory Committee in the preparation of the Auditor’s Report.
- Changes in the Reference Documents for the General Meeting of Shareholders, Business Report, Non-consolidated Financial
Statements
andConsolidated
Financial
Statements
willbeannouncedontheCompany’s
website(https://www.hisaka.co.jp/english/) as needed.

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Your cooperation would be highly appreciated to prevent COVID-19
1. Attendance at the Meeting
In consideration of preventing the spread of COVID-19, we kindly request you to refrain from attending theMeeting on the day as much as you can.
2. Method of exercising your voting rights in advanceInstead of attending the Meeting in person, you may exercise your voting rights using the Voting Rights
Exercise Form or via the Internet. We would like you to use the form to exercise your voting rights in advance.
3. Attendance at the venue- We would like shareholders coming to the venue to carefully confirm the infection status and their healthcondition on the day of the meeting, and give the utmost consideration to infection prevention such as bywearing masks at the venue.
- To ensure the health of other shareholders and conduct smooth and calm proceedings, we may refuse entry
to the meeting venue if you seem unwell. Your understanding would be highly appreciated.
- The number of seats available will be limited because we will widen the spaces in between the seats.
Accordingly, if all seats are filled, we may refuse entry even if you come to the venue on the day of themeeting.
4. Distribution of gifts- Please kindly note that no gifts will be distributed to shareholders at the Meeting.
Depending on the circumstances, issues that shareholders need to be informed of prior to the day of the meeting
will be announced on the Company’s website.
The Company’s website:
https://www.hisaka.co.jp/-2-Reference Documents for the General Meeting of Shareholders
Proposals and Reference Information
Proposal No. 1

Amendment to the Articles of Incorporation(1) Reasons for the proposal
Since the revised provisions provided for in the proviso to Article 1 of the Supplementary Provisions of the Act
Partially Amending the Companies Act (Act No. 70 of 2019) are to be enforced on September 1, 2022, theCompany proposes to make the following changes to its Articles of Incorporation in preparation for the
introduction of the system for providing informational materials for the general meeting of shareholders inelectronic format.
(i) Article 15, paragraph (1) in “Proposed Amendments” below will stipulate that the Company shall takemeasures for providing information that constitutes the content of reference documents for the general
meeting of shareholders, etc. in electronic format.
(ii) Article 15, paragraph (2) in “Proposed Amendments” below will establish a provision to limit the scope of
items to be stated in paper-based documents to be delivered to shareholders who requested the delivery of
paper-based documents.
(iii) Since the provisions for Internet Disclosure and Deemed Provision of Reference Documents for the
General Meeting of Shareholders, Etc. (Article 15 of the current Articles of Incorporation) will no longer
be required, they will be deleted.
(iv) Accompanying the aforementioned establishment and deletion of provisions, supplementary provisions
regarding the effective date, etc. will be established.

(2) Details of the amendments
The details of the amendments are as follows:(Amendments are underlined.)
Proposed Amendments

Current Articles of Incorporation

Chapter III
Chapter III
General Meeting of Shareholders
General Meeting of Shareholders
Article 15. (Internet Disclosure and Deemed Provision of<Deleted>
Reference Documents of the General Meeting of
Shareholders, Etc.)
When the Company convenes a general meeting ofshareholders, if it discloses information that is to be stated orindicated in the reference documents of the general meeting ofshareholders, business report, financial statements and/or
consolidated financial statements through the Internet inaccordance with the provisions prescribed by the Ministry ofJustice Order, it may be deemed that the Company has provided
this information to shareholders.
<New Provision>
Article 15. (Measures, etc. for Providing Information inElectronic Format)
1. When the Company convenes a general meeting ofshareholders, it shall take measures for providing
information that constitutes the content of reference
documents for the general meeting of shareholders, etc. inelectronic format.
2. Among items for which the measures for providing
information in electronic format will be taken, the Company
may exclude all or some of those items designated by the
Ministry of Justice Order from statements in the paper-based
documents to be delivered to shareholders who requested thedelivery of paper-based documents by the record date ofvoting rights.

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Current Articles of Incorporation
Supplementary Provisions(Transitional measures for the exemption of the Auditor’s
responsibility)<Omitted><New Provision>

Proposed Amendments
Supplementary Provisions
Article 1. (Transitional measures for the exemption of the
Auditor’s responsibility)<Unchanged>
Article 2. (Transitional Measures for Provision of Information
in Electronic Format, Etc.)
1. The deletion of Article 15 of the current Articles ofIncorporation on the Disclosure via the Internet and Deemed
Provision of Reference Materials, etc. for General Meetingof Shareholders, and the addition of the proposed
amendments to Article 15 on the Measures for Provision ofInformation in Electronic Format, Etc. shall take effect on
the date of enforcement of the amended provision(hereinafter the “Date of Enforcement”) stipulated in theproviso to Article 1 of the Supplementary Provisions to the
Act Partially Amending the Companies Act (Act No. 70 of2019).
2. Notwithstanding the provision of the preceding paragraph,
Article 15 of the pre-amended Articles of Incorporation shallremain effective regarding any general meeting ofshareholders held on a date within six months from the Dateof Enforcement.
3. The provision of this Article shall be deleted either on a dateafter six months from the Date of Enforcement, or a dateafter three months from the date of the general meeting ofshareholders stated in the preceding paragraph, whichevercomes later.

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Proposal No. 2

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

The terms of office for all of the current six (6) Directors (excluding Directors who are Audit and Supervisory
Committee Members) will expire at the conclusion of the Meeting. Therefore, the Company proposes the electionof seven (7) Directors (excluding Directors who are Audit and Supervisory Committee Members), increasing thenumber of Directors by one (1) to strengthen the management system of the Company.
The election of candidates for Directors has been determined after consulting and advising by the Nomination andCompensation Committee, in which the Independent Outside Directors comprise a majority of the members. In
addition, the Audit and Supervisory Committee has stated its opinion that all of the candidates for Directors areappropriate.
The candidates for Directors are as follows:
Candidates for Directors
Candidate
No.

Name

Positions and responsibility in the Company

1

Yoshikazu Takeshita

Re-election

2

Koji Ohta

Re-election

President and Representative Director; President andCEO
Director, Managing Executive Officer
Technical & Development field and Konoike Plant
Manager3

Tadashi Iizuka

Re-election

Director, Managing Executive Officer
Corporate Planning and Overseas Operation field
Director, Managing Executive Officer

4

Toshiyuki Funakoshi

Re-election

5

Toshiya Usami

New election

6

7

Koji Mizumoto

Yuko Tsuno

Re-election
Independent officer
Candidate for Outside
Director
Re-election
Independent officer
Candidate for Outside
Director-5-

Corporate Sustainability and Human Resources &General Affairs field
Managing Executive Officer
Sales field and Tokyo Branch Office Manager

Outside Director

Outside Director

CandidateNo.

1

Number of the
Career summary and position and responsibility in the Company
Company’s shares(Significant concurrent positions outside the Company)
owned
Mar. 1981
Joined Hisaka Works, Ltd.
Mar. 2012Manager of the Manufacturing Department of
the Vital Industry Division (present Process
Engineering Division) of the Company
Mar. 2014
General Manager of the Vital Industry Division
June 2014
Director and General Manager of the Vital
Yoshikazu Takeshita
Industry Division(November 4, 1957)
28,600Oct. 2015
Director, General Manager of the Vital Industry
Re-election
Division and in charge of the Kyushu Branch
Apr. 2016
Managing Director in charge of Finance andManagement Strategy
Apr. 2017
Director, President and Chief Executive Officer
June 2020
President and Representative Director;
President and CEO (current position)(Reasons for nomination as candidate for Director)
Yoshikazu Takeshita possesses a wealth of knowledge and experience mainly in the textile dyeing and processing
machine business. After being appointed as Director, he has assumed the positions of General Manager of the Vital
Industry Division (present Process Engineering Division) and Managing Director in charge of Finance and Management
Strategy. Since 2017, he has demonstrated strong leadership as President and CEO, devoting himself to achieving thegoals of the Medium-term Management Plan to contribute to the Company’s development. The Company judges he will
be able to continue contributing to increasing its corporate value, and therefore proposes his election as Director.
Name(Date of birth)-6-

CandidateNo.

2

Number of the
Career summary and position and responsibility in the Company
Company’s shares(Significant concurrent positions outside the Company)
owned
Mar. 1982
Joined Hisaka Works, Ltd.
Mar. 2012Manager of the Design and Development
Department of the Valve Division of theCompany
Mar. 2014
General Manager of the Valve Division
Oct. 2015
General Manager of the Valve Division, andKitakyushu Branch Office Manager
Apr. 2016
Executive Officer, General Manager of the
Valve Division, Manager of the Technology
Department, and Kitakyushu Branch Office
ManagerJune 2016
Director, General Manager of the Valve
Division, Manager of the Technology
Department, and Kitakyushu Branch Office
Koji Ohta
Manager(May 11, 1958)
17,600
Apr. 2018
Director in charge of the Technology
Department of the Valve Division, and Manager
Re-electionof the Information System Department
Apr. 2019
Managing Director in charge of the Technology
and Valve Division, Konoike Plant Manager
and Manager of the Information System
Department
June 2019
Managing Director in charge of Technology,
Konoike Plant Manager, and Manager of theInformation System Department
Apr. 2020
Managing Director in charge of the Technology
Development Division, and Konoike Plant
ManagerJune 2020
Director, Managing Executive Officer;
Technical & Development field and Konoike
Plant Manager (current position)(Reasons for nomination as candidate for Director)
Koji Ohta possesses a wealth of knowledge and experience in development and sales of the Valve business. After being
appointed as Director, he has assumed the positions of General Manager of the Valve Business Division, Manager of theTechnology Department, and Manager of the Information System Department. Ohta is currently responsible for heading
technology development as well as serving as Head of the Konoike Plant to contribute to development of the Company.
He also assumes the role of decision-making of important matters on overall business. The Company judges he will beable to continue contributing to increasing its corporate value, and therefore proposes his election as Director.
Name(Date of birth)-7-

Candidate
No.

3

Number of the
Career summary and position and responsibility in the Company
Company’s shares(Significant concurrent positions outside the Company)
owned
Apr. 1981
Joined Nomura Securities Co., Ltd.
Apr. 2011
Joined Hisaka Works, Ltd.
Mar. 2013
Manager of the Corporate Strategy Office of theCompany
Mar. 2015
Manager of the Corporate Strategy Department
Apr. 2016
Executive Officer and Manager of the
Corporate Strategy Department
Apr. 2017
Executive Officer, General Manager of the
Corporate Planning Division, and Manager of
the Corporate Strategy Department
June 2017
Director, General Manager of the Corporate
Planning Division, and Manager of theTadashi Iizuka
Corporate Strategy Department
11,900(February 6, 1958)
Apr. 2018
Director, General Manager of the Corporate
Re-election
Planning Division, Manager of the Corporate
Strategy Department, and Manager of the New
Business Promotion Department
Apr. 2019
Managing Director and General Manager of the
Corporate Planning Division
Apr. 2020
Managing Director in charge of the Corporate
Planning Division
June 2020
Director, Managing Executive Officer;
Corporate Planning field
July 2021
Director, Managing Executive Officer;
Corporate Planning and Overseas Operation
field (current position)(Reasons for nomination as candidate for Director)
Tadashi Iizuka worked for a securities company for a number of years and possesses a wealth of knowledge andexperience related to corporate management and finance. After joining the Company, Iizuka assumed the
responsibilities primarily for corporate strategy, and after being appointed Director, he assumed the positions of General
Manager of the Corporate Planning Division, Manager of the Corporate Strategy Department, and Manager of the New
Business Promotion Department. Iizuka is currently responsible for Corporate Planning and Overseas Businesses, andcontributes to the development of the Company, while he fulfills the role at the Board of Directors of decision-making
on important matters of overall management. The Company judges he will be able to continue contributing toincreasing its corporate value, and therefore proposes his election as Director.
Name(Date of birth)-8-

Candidate
No.

4

Number of the
Career summary and position and responsibility in the Company
Company’s shares(Significant concurrent positions outside the Company)
owned
Mar. 1981
Joined Hisaka Works, Ltd.
Mar. 2009Manager of the Manufacturing Department of
the Heat Exchanger Division of the Company
Mar. 2013
Manager of the Corporate Management
Department
Mar. 2014
Manager of the Corporate Management
Department and Manager of the Human
Department
June 2014
Director, Manager of the Corporate
Management Department, and Manager of the
Human Department
Mar. 2015
Director and General Manager of the Heat
Exchanger Business Division
Apr. 2017
Director and Plant Manager
Apr. 2018
Director, Plant Manager, and in charge ofToshiyuki Funakoshi
matters specially assigned by the President(September 15, 1958)
19,300
Apr. 2019
Director in charge of Human Resources, andthe Heat Exchanger Business DivisionRe-election
Apr. 2020
Managing Director in charge of the Human
Resources and General Affairs Division and theHeat Exchanger Business Division
June 2020
Managing Executive Officer; Responsible for
Human Resources and General Affairs
Apr. 2021
Managing Executive Officer; Responsible for
Human Resources and General Affairs, andTokyo Branch Office Manager
July 2021
Managing Executive Officer; Corporate Social
Responsibility and Human Resources &General Affairs field, Tokyo Branch Office
Manager
Apr. 2022
Managing Executive Officer; Corporate
Sustainability and Human Resources & General
Affairs field (current position)(Reasons for nomination as candidate for Director)
Toshiyuki Funakoshi possesses a wealth of knowledge and experience of sales, production management and safetyadministration at the heat exchanger business. After being appointed Director, he assumed positions of Manager of the
Corporate Management Department, Manager of the Human Department, General Manager of Heat Exchanger
Division, and Plant Manager He currently assumes responsibilities for overseeing Sustainability, and Human Resourcesand General Administration, and contributing to the development of the Company. He also fulfills the role of decisionmaking for important matters on overall management at the Board of Directors. The Company judges he will be able tocontinue contributing to increasing its corporate value, and therefore proposes his election as Director.
Name(Date of birth)-9-

Candidate
No.

5

Number of the
Career summary and position and responsibility in the Company
Company’s shares(Significant concurrent positions outside the Company)
owned
Mar. 1983
Joined Hisaka Works, Ltd.
Mar. 2014
General Manager of Sales Section of the Heat
Exchanger Division
Apr. 2016
Executive Officer; General Manager of Sales
Section of the Heat Exchanger Division; Headof Nagoya Branch
Apr. 2017
Executive Officer; General Manager of the
Manufacturing Section of Valve Division
Apr. 2018
Executive Officer; General Manager of the
Toshiya Usami
Valve Business Division(November 16, 1959)
30,100June 2019
Director, General Manager of the Valve
Division
New election
June 2020
Senior Executive Officer; General Manager ofthe Valve Division
Apr. 2021
Managing Executive Officer; domestic sales
field; General Manager of the Valve Division
July 2021
Managing Executive Officer; Sales field,
General Manager of the Valve Division
Apr. 2022
Managing Executive Officer; Sales field andTokyo Branch Office Manager (current
position)(Reasons for nomination as candidate for Director)
Toshiya Usami possesses a wealth of knowledge and experience of sales at the heat exchanger business. After being
appointed Executive Officer, he has assumed the positions of General Manager of the Sales Section of the Heat
Exchanger Division; General Manager of the Manufacturing Section of Valve Division; and General Manager of the
Valve Division since 2018, and he has been contributing to the Company’s business development. The Company judges
he will be able to continue contributing to increasing its corporate value, and therefore proposes his election as Director.
Name(Date of birth)- 10 -

Candidate
No.

6

Number of the
Career summary and position and responsibility in the Company
Company’s shares(Significant concurrent positions outside the Company)
owned
Apr. 1978
Joined Nisshin Steel Co., Ltd. (present Nippon
Steel Corporation)
June 2001
General Manager of the Corporate Planning
Dept. of Nisshin Steel Co., Ltd.
Apr. 2005
Executive Officer and General Manager of theSales Administration Dept. of Nisshin SteelCo., Ltd.
Apr. 2007
Executive Officer and General Manager of the
Human Resources Dept. of Nisshin Steel Co.,Ltd.
Apr. 2009Managing Executive Officer and General
Manager of the Human Resources Division of
Nisshin Steel Co., Ltd.
June 2009
Director and Managing Executive Officer ofNisshin Steel Co., Ltd.
Koji Mizumoto
Apr. 2012
Director and Managing Executive Officer of(November 3, 1954)
Nisshin Steel Co., Ltd.
Chairman of Nisshin Steel Shanghai Co., Ltd.
Re-election
June 2012Managing Executive Officer of Nisshin Steel
Independent officer
Co., Ltd.
Candidate for Outside Director
Apr. 2014
Vice President, Executive Officer and CFO of
Nisshin Steel Co., Ltd.
June 2014
Representative Director; Vice President;
Executive officer; and CFO of Nisshin SteelCo., Ltd.
Apr. 2017
Director (assistant to President) of Nisshin SteelCo., Ltd.
June 2017
Senior Advisor of Nisshin Steel Co., Ltd.
June 2018
Advisor of Nisshin Steel Co., Ltd.
June 2019
Director of Hisaka Works Co., Ltd. (current
position)Aug. 2020
Outside Director of Toyo Denki Seizo K.K.
(current position)(Significant concurrent positions outside the Company)
Outside Director of Toyo Denki Seizo K.K.
(Summary of reasons for nomination of candidate for Outside Director and expected responsibilities)
Koji Mizumoto had been in charge of corporate management of Nisshin Steel Co., Ltd. (present Nippon SteelCorporation) as Representative Director, Vice President and Executive Officer. Since being appointed as the Company’s
Director, he has provided advice on its management and performed an appropriate supervisory function from an
objective and practical point of view. As one of the Nomination and Compensation Committee members, he has also
engaged in the election of candidates for Directors and decision-making on Director’s remuneration and other mattersfrom an objective and neutral point of view. The Company judges that he will continue to utilize his insight andcontribute to increasing its corporate value, and accordingly proposes him as a candidate for Outside Director.
Name(Date of birth)- 11 -

Number of the
Career summary and position and responsibility in the Company
Company’s shares(Significant concurrent positions outside the Company)
owned
Dec. 2008
Completed the requisite courses at the Supreme
Court’s Legal Research and Training Institute(61st class)
Registered with Aichi Bar Association
Aug. 2009
Registered with Osaka Bar Association
Joined Chuo Sogo Law Office P.C. (current
position)
Apr. 2012
Joined Intellectual Property Law Practice Study
Group (current position)
June 2012
Director of Kansai Branch of Japan Trademark
Association (current position)
Yuko Tsuno
June 2016
Officer in charge of the protection of personal(November 10, 1981)
information and a committee member of
information disclosure screening in the city ofRe-election
Kaizuka (current position)
Independent officer
Apr. 2017
Joined Intellectual Property Committee andCandidate for Outside Director
Road Traffic Accident Committee of Osaka Bar
Association (current position)
Sept. 2017
Lecturer of the School of Policy Studies ofKwansei Gakuin University (current position)
June 2019
Director of Hisaka Works Co., Ltd. (current
position)Aug. 2019
Equity Commission Member of Kaizuka City
(current position)
Apr. 2020
Vice Chairperson of the Intellectual Property
Committee of the Osaka Bar Association(current position)(Summary of reasons for nomination of candidate for Outside Director and expected responsibilities)
Yuko Tsuno possesses abundant experience and knowledge as a lawyer. After being appointed as Director of Hisaka
Works Co., Ltd., she has provided advice on the Company’s management and performed an appropriate supervisory
function from an objective and specialized point of view. As one of the Nomination and Compensation Committee
members, she has also engaged in the election of candidates for Directors and decision-making on Directors’
remuneration and other matters from an objective and neutral point of view. The Company judges that she will continue
to utilize her insight and contribute to increasing its corporate value, and accordingly proposes her as a candidate for
Outside Director. Although she has no experience in the past of corporate management other than performing as
Outside Director, the Company judges, based on the above reasons, that she will be able to fulfill the roles and duties of
Outside Director appropriately.
1. There is no special interest between any of the candidates and the Company.
2. Koji Mizumoto and Yuko Tsuno are candidates for Outside Director.
3. Koji Mizumoto and Yuko Tsuno satisfy the requirements for an independent officer as provided for by Tokyo Stock
Exchange, Inc., and the Company has submitted notification to the aforementioned exchange concerning theirdesignation as an independent officer. If they are re-elected, the Company plans to submit notification to theaforementioned exchange concerning the renewal of their designation as independent officers.
4. The Company has set out its Criteria for the Independence of Independent Outside Officers of the Company.
(The Company’s website: https://www.hisaka.co.jp/company_info/outline.html) (Japanese only)
All of the candidates for Outside Directors nominated in this proposal have satisfied these standards.
5. Koji Mizumoto and Yuko Tsuno are currently Outside Directors of the Company. At the conclusion of this meeting, theirtenures since assuming office as Outside Directors will have been three years.
6. Limited liability agreements with candidates for Outside Directors
To secure human resources who are valuable as Outside Directors, the Company’s Articles of Incorporation haveprescribed that the Company is allowed to enter into a limited liability agreement with Outside Directors. Pursuant to theprovisions of Article 427, paragraph (1) of the Companies Act, the Company has entered into agreements with Koji
Mizumoto and Yuko Tsuno to limit their liability for damages under Article 423, paragraph (1) of the Companies Act. Ifthey are re-elected, the Company plans to renew the aforementioned agreements with them.
An outline of the limited liability agreement is as follows:
Pursuant to Article 427, paragraph (1) of the Companies Act, in line with the provisions of the Articles of Incorporationthat allow for the Company to enter into an agreement to limit liability for damages, the maximum amount of liability

CandidateNo.

7

Notes:

Name(Date of birth)- 12 -

for damages under this agreement is 1 million yen or the minimum amount provided for under laws and regulations,whichever is higher.
7. Liability Insurance Policy for Directors and Executive officers
The Company has entered into a directors and officers liability insurance agreement with the insurance company
pursuant to Article 430-3, Paragraph (1) of the Companies Act. A summary of details of the insurance agreement isprovided on page 22 of the Business Report. Provided that a candidate for Director is approved, he or she will becovered as an insured party under the said insurance policy.
The Company is scheduled to renew the said insurance policy with the same details at the time of renewal.

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[Reference] Skill Matrix for Director (planned after the conclusion of this Meeting)Expertise that the Company expects for Directors(including Directors who are Audit and Supervisory Committee Members)
Director

Corporate
management

Human

Technology
Sales

and Research Internationality
development

Yoshikazu Takeshita●●

Koji Ohta●●

Tadashi Iizuka●●

Toshiyuki Funakoshi●●

Toshiya Usami●●

Koji Mizumoto●●

Manufacturing Management Finance andResources

Planningand Labor

and Quality

Management

●

●

●

●

●
●

Accounting

●

●

●

●

●

●

●

●

●

●

and Internal
control

●

●

●

●

●
●

Yuko Tsuno

Legal affairs●

Audit andMitsugu

Supervisory●

Nakamichi Committee

●

●

●

MemberAudit andAkira

Supervisory

Nakai

Committee●●●

MemberAudit andNoriyuki
FujitaSupervisory
Committee●●

Member*The above matrix does not present all of the expertise possessed by the respective Directors.

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