This document is a translation of the Japanese original prepared solely for convenience of reference. In theevent of any discrepancy between this translated document and the Japanese original, the Japanese original
shall prevail.

Stock Code: 8154
June 10, 2016
To all of our shareholders
20 Kandamatsunagacho, Chiyoda-ku, Tokyo, JapanKAGA ELECTRONICS CO., LTD.
President & COO
Ryoichi Kado

Notice of the 48th Ordinary General Meeting of Shareholders
Dear Shareholders:Thank you very much for your continuing support for the Company.
We hereby inform you of the 48th ordinary general meeting of shareholders of 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 the attached Reference Documents for the General Meeting of Shareholders, express your approval ordisapproval 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, 2016 (Tuesday), the day before the day on which the general meeting will beheld.

1.
2.

Time and datePlace

3.

Agenda of the meeting
Matters to be reported

Matters to be resolved
Proposal No. 1
Proposal No. 2
Proposal No. 3
Proposal No. 4

Details
10:00 a.m. on June 29, 2016 (Wednesday)
1-1 Akihabara, Taito-ku, Tokyo
Akihabara Business Center 5F, AP Akihabara

1. The Business Report and Consolidated Financial Statements forthe 48th fiscal year (from April 1, 2015 to March 31, 2016), andresults of the Audit Reports by the Accounting Auditor and theBoard of Auditors of the Consolidated Financial Statements
2. Non-consolidated Financial Statements for the 48th fiscal year
(from April 1, 2015 to March 31, 2016)
Distribution of Surplus
Partial Amendments to the Articles of Incorporation
Election of One (1) Auditor
Election of One (1) Substitute Auditor

If you are attending please present the enclosed Exercise Voting Rights Form at the reception on arrival atthe meeting.
In the event of any changes to the Reference Documents for the General Meeting of Shareholders or theBusiness Report, Non-Consolidated Financial Statements and Consolidated Financial Statements, they will
be posted on the Company’s website on the Internet (http://www.taxan.co.jp).

-1-Reference Documents for the General Meeting of ShareholdersProposal 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 48th fiscal year as follows, taking into account theCompany’s business results in the fiscal year under review and business development, etc. goingforward.
(1) Type of dividend property
It shall be money.
(2) Allotment of dividend property and the total amountThe Company proposes a regular dividend of 20 yen per share of common stock of the Companyplus a special dividend of 15 yen, for a total dividend payout of 35 yen per share.
Note that the total amount of the dividends in this case would be 988,935,290 yen.
As a result, combined with the interim dividend of 20 yen per share already paid, the annual
dividend payout would be 55 yen per share and the total amount of the annual dividends would be
1,554,045,530 yen.
(3) Effective date of distribution of surplus
It is planned to be June 30, 2016.

-2-Proposal No. 2: Partial Amendments to the Articles of Incorporation
1. Reasons for the Amendments
In preparation for expansion of the content of business operations and future business development,
the Company would add objective entries to Article 2 of the current Articles of Incorporation andconduct a subsequent renumbering of entries so as to ensure that it can conduct nursing care businesssuch as the lending and sale of care goods along with the operation of welfare facilities etc.
2. Details of the proposed amendments
The details of the proposed amendments are as follows:(Underlined parts of the English text are amended.)
Current Articles of Incorporation
Proposed Amendments
Chapter 1: General Provisions
Chapter 1: General Provisions(Objective)(Objective)
Article 2: The Company makes the running of
Article 2: The Company makes the running of
the following businesses its objective.
the following businesses its objective.
1. to 17. (Articles Omitted)
1. to 17. (Unchanged)
18. In-home service business in accordance(New)with the Long-Term Care Insurance Act.
19. Community-based service business in(New)accordance with the Long-Term Care
Insurance Act.
(New)
20. In-home long-term care support businessin accordance with the Long-Term Care
Insurance Act.
21. Facility service business in accordance(New)with the Long-Term Care Insurance Act.
22. Preventive long-term care service(New)business in accordance with the Long-TermCare Insurance Act.
23. Community-based service for preventive(New)
long-term care business in accordance withthe Long-Term Care Insurance Act.
24. Preventive long-term care support(New)business in accordance with the Long-TermCare Insurance Act.
25. Establishment and operation of fee-based(New)
homes for the elderly.
26. Elderly housing business.
(New)
27. to 28. (Unchanged)
18. to 19. (Articles Omitted)-3-Proposal No. 3: Election of One (1) Auditor
We propose that one (1) Auditor be elected as the term of office of auditor Masatoshi Sase will expire at
the conclusion of this general meeting.
The Board of Auditors has given its acknowledgment of this proposal.
Candidate for the auditor is as follows.
Number of theName
Career summary, position in the Company
Company’s(Date of birth)(significant positions concurrently held)
shares held
April 1980
Admitted to the bar
Isamu Yonekawa
April 1986
Established and became a partner in Sase and(October 22, 1952)
Yonekawa Law Offices (currently Alpha[New candidate]
Partners Law Offices) (current position)(Notes) 1. No conflict of interest exists between the candidate and the Company.
2. Isamu Yonekawa is a candidate for the outside auditor.
3. Reasons for proposing the candidate for outside auditor
The Company proposes the election of Isamu Yonekawa as outside auditor so that he can utilize
the legal knowledge he has cultivated over many years as a lawyer in the auditing system of theCompany if he is appointed to the position of auditor.
4. Reasons that the Company judges that Isamu Yonekawa will be able to perform his duties
appropriately as an outside auditor
Isamu Yonekawa has no experience of being directly involved in business management but as alawyer he is well-versed in corporate law, and he possesses sufficient knowledge to control
business management; therefore the Company judges that he will be able to perform his duties
appropriately as an outside auditor.
5. If Isamu Yonekawa is appointed to the position of auditor, the Company plans to enter into acontract with him based on the provisions of the Companies Act, Article 427, Paragraph 1 tolimit his liability for damages under Article 423, Paragraph 1 of the said Act to within theminimum liability amount stipulated in Article 425, Paragraph 1 of the said Act.
6. Isamu Yonekawa satisfies the requirements for an Independent Officer based on the provisionsof the Tokyo Stock Exchange; so the Company plans to register him as an Independent Officer.

-4-Proposal No. 4: Election of One (1) Substitute Auditor
The Company proposes that One (1) Substitute Auditor be elected to prepare for a case where thenumber of Auditors falls below the number stipulated by laws and regulations.
The effectiveness of the election under this proposal may be cancelled based on resolution of the Boardof Directors, provided such cancellation is done prior to the assumption of office and with theacknowledgment of the Board of Auditors.
Furthermore, the Board of Auditors has given acknowledgment of this proposal.
The candidate for substitute auditor is as follows.
Name(Date of birth)
Yoshiyuki Shima(December 28, 1967)[New candidate]

Career summary, position, and significant positions concurrently
heldApril 1999

Admitted to the bar
Joined Sase and Yonekawa Law Offices(currently Alpha Partners Law Offices)(to present)

Number of theCompany’s
shares held
1,750(Notes) 1. No conflict of interest exists between the candidate and the Company.
2. Substitute auditor candidate Yoshiyuki Shima is proposed to be elected as a substitute for theoutside auditors.
3. Substitute auditor candidate Yoshiyuki Shima is the candidate for substitute outside auditor.
4. Reasons for proposing the candidate for substitute outside auditor
The Company proposes the election of Yoshiyuki Shima as substitute outside auditor so that hecan utilize the legal knowledge he has cultivated over many years as a lawyer in the auditing
system of the Company if he is appointed to the position of auditor.
5. Reasons that the Company judges that Yoshiyuki Shima will be able to perform his duties
appropriately as an outside auditor
Yoshiyuki Shima has no experience of being directly involved in business management, but heserved as an outside auditor for the Company’s subsidiary in the past. As a lawyer he is wellversed in corporate law, and he possesses sufficient knowledge to control business management.
For these reasons, the Company judges that he will be able to perform his duties appropriately
as an outside auditor.
6. If Yoshiyuki Shima is appointed to the position of auditor, the Company plans to enter into acontract with him based on the provisions of the Companies Act, Article 427, Paragraph 1 tolimit his liability for damages under Article 423, Paragraph 1 of the said Act to within theminimum liability amount stipulated in Article 425, Paragraph 1 of the said Act.

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