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: 8154
June 12, 2017
To all of our shareholders
Ryoichi Kado
President & COO
KAGA ELECTRONICS CO., LTD.
20 Kandamatsunagacho, Chiyoda-ku, Tokyo, Japan

Notice of the 49th Ordinary General Meeting of Shareholders
We hereby inform you of the 49th ordinary general meeting of shareholders of KAGA ELECTRONICS CO., LTD.
(the “Company”) to be held as follows and your attendance is most sincerely requested.
If you are unable to attend the general meeting, you can exercise your voting rights in writing; so please read theattached Reference Documents for the General Meeting of Shareholders, express your approval or disapproval of
the proposals in the enclosed Exercise Voting Rights Form, and return it to us by no later than 5:30 p.m. on June
28, 2017 (Wednesday) (Japan Time), the day before the day on which the general meeting will be held.
1. Date and Time
2. Place

10:00 a.m. on June 29, 2017 (Thursday) (Japan Time)
Akihabara Business Center 5F, AP Akihabara
1-1 Akihabara, Taito-ku, Tokyo
3. Agenda of the Meeting
Matters to be reported
1. The Business Report and Consolidated Financial Statements for the 49th fiscal year (from April 1, 2016 toMarch 31, 2017), and results of the Audit Reports by the Accounting Auditor and the Board of Auditors ofthe Consolidated Financial Statements
2. Non-consolidated Financial Statements for the 49th fiscal year (from April 1, 2016 to March 31, 2017)
Matters to be resolved
Proposal No. 1
Distribution of Surplus
Proposal No. 2
Election of Ten (10) Directors

If you attend the meeting in person, please present the enclosed Exercise Voting Rights Form at the reception on arrival at themeeting.
Of the documents that the Company needs to provide along with this notice, Notes to the Consolidated Financial Statements and Notes
to the Non-consolidated Financial Statements are posted on the Company’s website on the Internet (http://www.taxan.co.jp).
These matters are included in the Consolidated Financial Statements and Non-consolidated Financial Statements audited at the timethat the Auditor prepared the Audit Report and the Accounting Auditor prepared the Accounting Audit Report.
In the event of any changes to the Reference Documents for the General Meeting of Shareholders or the Business Report, Nonconsolidated Financial Statements and Consolidated Financial Statements, they will be posted on the Company’s website on theInternet (http://www.taxan.co.jp).

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

Distribution of Surplus

The Company intends to distribute the surplus as follows.
Matters related to year-end dividends
We propose a year-end dividend for the 49th fiscal year as follows, taking into account the Company’s businessresults in the fiscal year under review and business development, etc. going forward.
(1) Type of dividend property
To be paid in cash.
(2) Allotment of dividend property and the total amountThe Company proposes a regular dividend of 20 yen per share of common stock of the Company plus a
special dividend of 15 yen, for a total dividend payout of 35 yen per share. Note that the total amount of thedividends in this case will be 960,247,750 yen.
As a result, combined with the interim dividend of 25 yen per share already paid, the annual dividend payout
will be 60 yen per share and the total amount of the annual dividends will be 1,666,623,725 yen.
(3) Effective date of distribution of surplus
It is planned to be June 30, 2017.

- 2 -Proposal No. 2:

Election of Ten (10) Directors

We propose that ten (10) directors be elected as the terms of office of all ten (10) current directors will expire at theconclusion of this general meeting.
Candidates for director are as follows.
CandidateNo.

Name(Date of birth)
Isao Tsukamoto(September 1, 1943)

1

2

3

Career summary, position and responsibilities in the Company(significant positions concurrently held)
Sept. 1968

Established Kaga Electronics Co., Ltd.
President & CEO
Founder & CEO (to present)

Number of theCompany’s shares
held786,745
Apr. 2007[Reasons for proposing the candidate for director]
Isao Tsukamoto is the founder of the Company and served as President & CEO until 2007. Since then as Founder &CEO, he has used his extensive knowledge and human network, which goes beyond the industry, to give direction tomanagement group-wide. Based on our judgment that his wealth of knowledge and professional abilities related tomanagement will continue to be indispensable for the Group management and improvement of corporate value, wehave made him a candidate for director.
Mar. 1980
Joined Kaga Electronics Co., Ltd.
Apr. 1991
Division Manager of Sales Department No. 3,
Sales Headquarters
Apr. 1992
Division Manager of Amusement Products
Sales Department, Sales Headquarters
Apr. 1995
Division Manager of East Japan Sales
Department, High Tech Business Division
Ryoichi Kado
June 1995
Director
41,472(December 1, 1957)
Apr. 2002
Managing Director
Apr. 2005
Senior Managing Director, General Manager ofSpecific Industry Business Headquarters
Apr. 2011
Senior Managing Director, Head ofEntertainment Business Unit
Apr. 2012
Vice President, Head of Components Business
Unit
Apr. 2014
President & COO (to present)[Reasons for proposing the candidate for director]
Since joining the Company, Ryoichi Kado has been involved in the major businesses of the Company and possesses
leadership based on his extensive knowledge and results. Since being elected President & COO in 2014, he has
contributed to improvement of corporate value by giving direction to Group management. Based on our judgment that
his broad-ranging experience and capabilities are indispensable to promotion of the Medium-term Management Planand central to the Group’s management, we have made him a candidate for director.
Mar. 1980
Joined Kaga Electronics Co., Ltd.
Apr. 1991
Division Manager of Specific Industry Sales
Department
June 1995
Director
Apr. 2002
Managing Director
Shinsuke Takahashi
Apr. 2005
Senior Managing Director
26,230(March 7, 1957)
Apr. 2011
Senior Managing Director, Head of Information
Business Unit
Apr. 2012
Senior Managing Director, Head ofEntertainment Business Unit
Apr. 2015
Senior Managing Director (to present)[Reasons for proposing the candidate for director]
Shinsuke Takahashi’s merits and experience, including establishing a revenue base for the specific industry business,
which is one of the Company’s main businesses, are indispensable to the Company. He also has management
experience, having served as president of a consolidated subsidiary, and possesses broad-ranging knowledge and strong
leadership skills, so we made him a candidate for director to improve corporate value.

- 3 -Candidate
No.

Name
(Date of birth)

Career summary, position and responsibilities in the Company(significant positions concurrently held)
Mar. 1977
Feb. 1988
Apr. 1991
Apr. 1996

Yukio Takashi(May 4, 1953)
4

June 1996
June 2004
Apr. 2005
Apr. 2006
Apr. 2011
Apr. 2012

5Joined Kaga Electronics Co., Ltd.
Deputy Division Manager of EngineeringDevelopment Department
Division Manager of Sales Department No. 2,
Sales Headquarters
Division Manager of Sales Planning
Department, Sales Promotion Headquarters
Director
Managing Director
Senior Managing Director
Director (part-time)
President, Kaga Components Co., Ltd.
Senior Managing Director, Head ofComponents Business Unit
Senior Managing Director, Head of Promotion
Business Unit
Senior Managing Director (to present)

Number of theCompany’s shares
held22,355Apr. 2015
[Reasons for proposing the candidate for director]
Yukio Takashi possesses broad-ranging knowledge, including extensive experience and technical knowledge, having
been involved in Sales, Engineering and New Businesses since joining the Company and served as president of a power
supply-related consolidated subsidiary, so we made him a candidate for director to improve corporate value.
Apr. 1993
Joined Kaga Electronics Co., Ltd.
Apr. 1994
Manager of Asia Project Office, Sales
Headquarters No. 2Apr. 1997
Division Manager of Overseas Sales
Department, Sales Headquarters
May 2000
Division Manager of Overseas Business
Division, Electronics Business Headquarters
Shintaro Kakei
June 2000
Director
20,500(November 9, 1956)
Apr. 2005
Managing Director
Apr. 2011
Managing Director, Head of Manufacturing
Business Unit
Apr. 2014
Senior Managing Director, Head of
Manufacturing Business Unit
Apr. 2015
Senior Managing Director, Head of Corporate
Planning Department
Oct. 2015
Senior Managing Director (to present)[Reasons for proposing the candidate for director]
Since joining the Company, Shintaro Kakei has been involved in the overseas and EMS businesses and possesses asolid track record and broad-ranging knowledge, having established a revenue base for those businesses. His businessdevelopment results overseas and rich experience improve the corporate value, so we made him a candidate for director.

- 4 -CandidateNo.

Name(Date of birth)

Career summary, position and responsibilities in the Company(significant positions concurrently held)
Mar. 1979
Dec. 1985
Apr. 1993
May 2003
Apr. 2005

Eiji Kawamura(August 14, 1955)
6

Apr. 2012
June 2012
Apr. 2015
June 2015

7

Joined Kaga Electronics Co., Ltd.
President, Taxan (U.K.) Ltd.
Division Manager of Overseas Sales
Department, Sales Headquarters No. 2President, Kaga Solution Network Co., Ltd.
Executive Officer, Head of Accounting
Division and Head of Information SystemsDepartment
Executive Officer, Head of Administration
Headquarters
Director, Head of Administration Headquartersand Head of Accounting Division
Director, Head of Administration Headquarters
Managing Director, Head of Administration
Headquarters (to present)

Number of theCompany’s shares
held31,206[Reasons for proposing the candidate for director]
Eiji Kawamura possesses broad-ranging knowledge and insights concerning the Group’s operations, having been
involved in Sales and Administration since joining the Company and served as president of consolidated subsidiaries inJapan and overseas, making him suited to strengthen business administration and corporate governance, so we havemade him a candidate for director.
Mar. 1982
Joined Kaga Electronics Co., Ltd.
Apr. 1992
President & COO of Kaga (H.K.) Electronics
LimitedApr. 1998
President of Taxan USA Corp
Apr. 2004
Division Manager of Overseas Sales Division,Overseas Business Division, Electronics
Business Headquarters
Motonori Toshinari
Apr. 2010
President & COO of Kaga (H.K.) Electronics
13,321(June 25, 1959)
LimitedJan. 2012
Executive Officer, Manager of EMS Business
Division and President & COO of Kaga (H.K.)
Electronics Limited
Apr. 2015
Executive Officer, Manager of EMS Business
Division
June 2015
Director, Manager of EMS Business Division(to present)[Reasons for proposing the candidate for director]
After joining the Company, Motonori Toshinari was involved in the launch of the subsidiary in Hong Kong, which
served as the base for setting up operations in China, and he has since contributed to business expansion. He later
served as president of overseas subsidiaries and has been involved in overseas business activities for many years. We
have made him a candidate for director because his rich experience and broad-ranging knowledge are useful to theCompany’s overseas expansion.

- 5 -CandidateNo.

Name(Date of birth)

Career summary, position and responsibilities in the Company(significant positions concurrently held)
Mar. 1982
Apr. 1997
Apr. 2002
Apr. 2003
Jan. 2004
Apr. 2010

Mitsuhiro Nohara(March 4, 1959)
8

Apr. 2011
Apr. 2012

Apr. 2015
June 2015

9

Joined Kaga Electronics Co., Ltd.
Division Manager of Domestic SalesDepartment No. 1, Sales Headquarters
Executive Vice President and Director of Kaga(H.K.) Electronics Limited
President & CEO, Kaga (Shanghai) Electronics
Co., Ltd.
President of Kaga Electronics (USA) Inc.
Deputy Division Manager of Special Sales
Department, Electronics Business Division
Division Manager of Electronics Business
Division, Components Business Unit
Executive Officer, Division Manager ofElectronics Business Division, Components
Business Unit, and Division Manager ofSpecial Sales Department
Executive Officer, Division Manager ofElectronics Business Division
Director, Division Manager of Electronics
Business Unit (to present)

Number of theCompany’s shares
held

18,300[Reasons for proposing the candidate for director]
Mitsuhiro Nohara has been involved in the electronic component business for many years since joining the Companyand possesses broad-ranging experience and knowledge, having launched overseas subsidiaries and served as presidentof overseas subsidiaries, and we have made him a candidate for director because he is valuable to the expansion of theCompany’s electronic component business.
Apr. 1963
Joined Toyota Motor Co., Ltd. (currentlyToyota Motor Corporation)
Sept. 1994
Director at the above company
June 2001
Executive Vice President and Representative
Susumu Miyoshi
Director at the above company(September 20, 1940)
June 2002
Consultant at the above company
June 2002
President & COO of Osaka Toyopet Co., Ltd.
Outside(currently Osaka Toyota Motor Co., Ltd.)
1,600
June 2005
Advisor to Toyota Motor Corporation (topresent)
Independent
Chairman of Osaka Toyopet Co., Ltd.
June 2008
Advisor to Osaka Toyota Motor Co., Ltd.
June 2009
Executive Advisor to Hitachi Maxell, Ltd. (topresent)
June 2015
Director of the Company (to present)[Reasons for proposing the candidate for outside director]
Susumu Miyoshi has served as Executive Vice President at Toyota Motor Corporation, and we believe that thereflection of his rich experience and broad-ranging knowledge as a member of management at Toyota and various othercompanies in the Company’s management from an independent standpoint will strengthen the function of our Board ofDirectors, so we made him a candidate for outside director.
He is currently an outside director of the Company, and his tenure as outside director will come to two (2) years at theconclusion of this meeting.

- 6 -Candidate
No.

Name(Date of birth)

Career summary, position and responsibilities in the Company(significant positions concurrently held)

Number of theCompany’s sharesheldApr. 1970
June 1978

10(Notes)

Joined the Bank of Japan
Deputy Director of the International Finance
Bureau, Ministry of Finance (dispatched)
Jan. 1998
Director of Information Systems Department,
Bank of Japan
Akira TamuraApr.
1998
Director of Information System Services(July 23, 1946)
Department at the above bankJune 2001
Managing Director at Sohgo Security Services
Outside1,600
Co., Ltd. (ALSOK)
Apr. 2008
Representative Director and Senior Executive
Independent
Officer at the above company
July 2011
Advisor to Okigin Economic Research Institute(to present)
Apr. 2012
Advisor to Niigata Sohgo Security Services
Co., Ltd. (ALSOK) (to present)
June 2015
Director of the Company (to present)[Reasons for proposing the candidate for outside director]
Akira Tamura has served as Director and Senior Managing Executive Officer at Sohgo Security Services Co., Ltd., andwe believe that the reflection of his rich experience as a member of corporate management and his deep knowledge
cultivated at the Bank of Japan and several other companies in the Company’s management from an independent
standpoint will strengthen the function of our Board of Directors, so we made him a candidate for outside director.
He is currently an outside director of the Company, and his tenure as outside director will come to two (2) years at theconclusion of this meeting.
1. No conflict of interest exists between any of the candidates and the Company.
2. Susumu Miyoshi and Akira Tamura are candidates for outside directors.
3. The Company has entered into contracts with Susumu Miyoshi and Akira Tamura based on the provisions of theCompanies Act, Article 427, Paragraph 1 to limit their liability for damages under Article 423, Paragraph 1 of the said
Act to within the minimum liability amount stipulated in Article 425, Paragraph 1 of the said Act. If their reelection isapproved, the Company plans to renew the aforementioned contracts with them.
4. Susumu Miyoshi and Akira Tamura satisfy the requirements for independent officers based on the provisions of theTokyo Stock Exchange; so the Company has registered them as independent officers. If their reelection is approved, theCompany plans for their appointment as independent officers to continue.

- 7 -