This document has been translated from the Japanese original for the convenience of non-Japanese shareholders. In the event of any discrepancy
between this translation and the Japanese original, the original shall prevail.

Securities Code: 4091
May 30, 2017
To All Shareholders:
Yujiro Ichihara
President and representative director, and CEO
Taiyo Nippon Sanso Corporation
1-3-26, Koyama, Shinagawa-ku, Tokyo, Japan

Notice of Convocation of the
13th Ordinary General Meeting of Shareholders
The 13th Ordinary General Meeting of Shareholders of Taiyo Nippon Sanso Corporation
will be held as detailed below. You are cordially invited to attend.
If you are unable to attend the Meeting, you may exercise your voting rights using any ofthe methods specified below. Please review the enclosed reference documentation andexercise your voting rights by no later than 5:50 p.m. on Monday, June 19, 2017
(hereinafter, all times are stated in Japan Standard Time).
By Postal Mail
Indicate your approval or disapproval of each of the proposals on the enclosed ballot
form and return it by postal mail early enough to ensure that we receive it by the deadline
listed above.
Via the Internet
Please review “Instructions for Voting via the Internet” on page 4, then access ourdesignated shareholder voting website (http://www.it-soukai.com/ [in Japanese only])and enter your votes on the tendered proposals by the above-stated deadline.
Internet Disclosure
Among the items of documentation we are required to provide for this Meeting inaccordance with the provisions of applicable Japanese law and Article 17 of our Articles
of Incorporation, the following are available on our corporate website and thus have notbeen included with this Notice:(1) Notes to consolidated financial statements; and(2) Notes to nonconsolidated financial statements.
Corporate website: http://www.tn-sanso.co.jp
The consolidated and nonconsolidated financial statements that were audited by the
Audit & Supervisory Board members and the accounting auditor for preparation,
respectively, of the audit report and accounting audit report include, in addition to
documentation attached to this Notice, items that should be labeled as the notes to theconsolidated and nonconsolidated financial statements.
1

Meeting Details
1. Date and time Tuesday, June 20, 2017, 10:00 a.m.
(Registration desk open from 9:00 a.m.)
2. Venue

Grand Prince Hotel Takanawa, in Prince Room on basement floor B1
3-13-1, Takanawa, Minato-ku, Tokyo

3. Agenda
Matters to Be Reported
1.
Report on the business report, consolidated financial statements, and thefindings of audits of the consolidated financial statements by theaccounting auditor and the Audit & Supervisory Board for the 13th term
(April 1, 2016 to March 31, 2017)2.
Report on the nonconsolidated financial statements for the 13th term
Matters to Be Resolved
Proposal 1: Appropriation of surplus
Proposal 2: Election of seven directors
Proposal 3: Election of two Audit & Supervisory Board members

If you plan to exercise your voting rights by proxy, you may authorize another shareholder
with voting rights to attend the Meeting and act as your proxy. However, in that event, yourproxy will need to present written proof of his or her power to act as proxy.
If you plan to attend this Meeting yourself, please bring the enclosed ballot form with you andpresent it at the registration desk.
In the event that we make any revisions to our reference documentation for the Meeting, thebusiness report, or the nonconsolidated or consolidated financial statements, we will post therevised versions on our corporate website (http://www.tn-sanso.co.jp).

2

Instructions for Voting
You may exercise your voting rights using any of the following three methods:
Through attendance at the Meeting
Present the enclosed ballot form at the registration desk when you arrive for the Meeting.
(You do not need to affix your seal or signature.)
Date and time: Tuesday, June 20, 2017, 10:00 a.m. (registration desk open from 9:00
a.m.)
By postal mailPlease indicate your approval or disapproval of each of the proposals on the enclosed
ballot form and return it by postal mail (postage-free in Japan).
Deadline: Ballot must be received by no later than 5:50 p.m. on Monday, June 19, 2017.
Via the Internet
Please access our designated shareholder voting website (http://www.it-soukai.com/ [inJapanese only]) and follow the on-screen instructions to enter your votes.
Deadline: Voting must be completed by no later than 5:50 p.m. on Monday, June 19,
2017.
More information on next page* If you plan to attend the Meeting in person, you do not need to submit a ballot by postal mail or
via the Internet.
Note for Institutional Investors:
You may also utilize the Electronic Voting Platform managed by Investor Communications
Japan to exercise your voting rights.

3

Instructions for Voting via the Internet
1. Voting via the Internet(1) As an alternative to voting with a written ballot, you may also cast your votes via theInternet, using our designated shareholder voting website (URL below). If you
prefer this method, log in to the website with the voting code and password listed on
the right corner of the ballot form enclosed with this Notice and follow the on-screen
prompts to enter your votes. As a security measure, you will be required to change
your password the first time you log in.
Shareholder voting website

http://www.it-soukai.com/ (in Japanese only)(2) The deadline for voting is 5:50 p.m. on Monday, June 19, 2017. You will need tocomplete the voting process by that time. We encourage you to vote early.
(3) In the event votes submitted via the Internet are duplicated with the submission of awritten ballot, the votes submitted via the Internet shall prevail. If votes are
submitted multiple times, the final vote shall prevail.
(4) Passwords (including passwords changed by shareholders) shall be valid solely forthis Meeting. New passwords will be issued for the next General Meeting of
Shareholders.
(5) Costs incurred for Internet access are the responsibility of each shareholder.
Notes:
・ Passwords are used as a means of confirming the identity of the person submitting a vote.
The Company will not inquire about your password.
・ Website users that enter a mistaken password more than a specified number of times will
be locked out and unable to access the site. If that happens, please follow the procedure
presented with the on-screen instructions.
・ Although we have endeavored to ensure that the shareholder voting website can beaccessed and used from most common Internet devices, not all devices are guaranteed towork.

2. Inquiries
Should you have any questions or concerns, please contact Stock Transfer Agency
Department, Mizuho Trust & Banking Co., Ltd., the administrator of our shareholder
registry.
(1) For questions about how to use the shareholder voting website, in Japan dial thetoll-free number 0120-768-524 (business hours: 9:00 a.m. to 9:00 p.m. on
weekdays).
(2) For questions about other shareholder services, in Japan dial the toll-free number
0120-288-324 (business hours: 9:00 a.m. to 5:00 p.m. on weekdays).

4

Reference Documentation
for the General Meeting of Shareholders
Proposal 1: Appropriation of surplus
The Company proposes that the surplus be appropriated as follows:
1. Matters concerning year-end dividend
Our proposed year-end dividend for the 13th term is as described below. It reflects ourinterest in utilizing internal reserves to improve and reinforce our financial footing andour core policy of returning profits to our shareholders on a steady and sustained basis,
and is based on our dividend policy, which takes into account the linkage withconsolidated results.
Furthermore, given that we paid an interim dividend of 9 yen per share in December lastyear, we accordingly plan to pay an annual dividend (which includes the interim
dividend) of 20 yen per share.
(1) Type of dividend property
Cash(2) Allocation of dividend property and total amount thereof
11 yen per common share in the Company
Total dividend of 4,762,085,515 yen(3) Effective date of distribution of dividend from surplus
June 21, 2017
2. Other matters concerning appropriation of surplus
None5Proposal 2: Election of seven directors
The terms of office of 10 directors (Shotaro Yoshimura, Kunishi Hazama, Yujiro
Ichihara, Tadashige Maruyama, Shigeru Amada, William J. Kroll, Hiroshi Katsumata,
Akio Yamada, Mitsuhiro Katsumaru, and Masanori Karatsu) will expire at theconclusion of this Meeting. Accordingly, and in line with its policy of further separating
the execution of business from supervision and reinforcing the supervisory functions of
the Board of Directors, the Company proposes eliminating three director positions andelecting seven directors, including two outside directors, to ensure that a majority of
directors are not involved in the execution of business.
The candidates for directors are as follows:
No.

Name

Current position and responsibilities
in the Company

1
2
3

Shotaro Yoshimura
Kunishi Hazama
Yujiro Ichihara

4

Shigeru Amada

5

Akio Yamada

Chairman and director
Vice chairman and director
President and representative director,
and CEO
Director, senior managing executive
officer, and chief sustainability
officer
Director

6

Mitsuhiro Katsumaru

Director

7

Shushichi Yoshimura—

Reappointment
Reappointment
Reappointment
Reappointment

Reappointment
Outside director
Independent director
Reappointment
Outside director
Independent director
New appointment

Notes:
The candidates for directors were selected by the Board of Directors on the basis ofrecommendations by the Advisory Committee on Appointments and Remuneration, which consistsof the chairman, the president, and outside directors.
The Company has established Standards for the Independence of Outside Directors. Thosestandards are detailed on page 18 and have been met by the two candidates nominated for outside
director positions in this Proposal.

6

1. Shotaro Yoshimura (Date of birth: February 13, 1949) (Reappointment)
Number of Company shares owned: 9,500
Years of service as a director: 5Record of attendance at Board of Directors meetings: 13 of 13 times
Career summary, position and responsibilities in the Company
April 1972
Joined Mitsubishi Chemical Industries Limited (now Mitsubishi
Chemical Corporation)
June 2003
Executive officer and general manager of Consolidated Management
Department of Mitsubishi Chemical Corporation
October 2005
Executive officer and general manager of Corporate Management
Office of Mitsubishi Chemical Holdings Corporation, and executive
officer and general manager of Consolidated Management Departmentof Mitsubishi Chemical Corporation
April 2006
Managing executive officer of Mitsubishi Chemical Holdings
Corporation, and managing executive officer of Mitsubishi Chemical
Corporation
June 2006
Director and managing executive officer of Mitsubishi Chemical
Holdings Corporation, and director and managing executive officer of
Mitsubishi Chemical Corporation
April 2009
Representative director and managing executive officer of Mitsubishi
Chemical Holdings Corporation, and director and managing executive
officer of Mitsubishi Chemical Corporation
June 2010
Representative director and senior managing executive office of
Mitsubishi Chemical Holdings Corporation, and director and senior
managing executive officer of Mitsubishi Chemical Corporation
April 2012
Representative director and deputy chief executive officer of Mitsubishi
Chemical Holdings Corporation, and director of Mitsubishi Plastics,
Inc.
June 2012
Director of the Company
April 2014
Director of Mitsubishi Chemical Holdings Corporation
June 2014
Chairman and representative director of the Company
June 2016
Chairman and director of the Company (current)
Significant concurrent positions outside the Company
None
Reasons for nomination as candidate for director position
Shotaro Yoshimura commands vast experience in finance, accounting, business planning,and other fields of business administration and has served as representative director anddeputy chief executive officer at Mitsubishi Chemical Holdings Corporation. In June
2014, he was appointed to serve as the chairman and representative director of theCompany and currently serves as chairman and director.
7

In view of his extensive career, we anticipate that Mr. Yoshimura will bring experienceand insight that can be effectively harnessed to improve Group corporate governance andmanagement supervision, and have accordingly nominated him for a director position.
Special interests
Shotaro Yoshimura has no special interests in the Company.
* The above “Career summary, position and responsibilities in the Company” for Shotaro
Yoshimura includes his positions and responsibilities in the last five years as a person who
executes business of Mitsubishi Chemical Holdings Corporation (our parent company) and its
subsidiary.
* Effective April 1, 2017, the new Mitsubishi Chemical Corporation went into operation as anintegrated merger of three subsidiaries: Mitsubishi Chemical Corporation, Mitsubishi Plastics,
Inc., and Mitsubishi Rayon Co., Ltd.

8

2. Kunishi Hazama (Date of birth: October 21, 1949) (Reappointment)
Number of Company shares owned: 53,700
Years of service as a director: 8Record of attendance at Board of Directors meetings: 13 of 13 times
Career summary, position and responsibilities in the Company
April 1972
Joined the Company
June 2004
Executive officer and general manager of Chubu Branch
June 2007
Managing executive officer and general manager of Chubu Branch
June 2009Managing director and general manager of Chubu Branch
June 2010
Senior managing director and general manager of Gas Division
October 2012 Executive vice president, representative director, and general manager of
Gas Division and Electronics Division
June 2014
Vice chairman and representative director, supervising Industrial Gases
Division and Medical Division
June 2016
Vice chairman and director (current)
Significant concurrent positions outside the Company
None
Reasons for nomination as candidate for director position
Kunishi Hazama possesses extensive managerial experience in human resources and theindustrial gases marketing field. Following on his position as general manager of the Gas
Division, he served as executive vice president and representative director. In June 2014,
he was appointed to the position of vice chairman and representative director, andcurrently serves as vice chairman and director.
Given this background, we have nominated Mr. Hazama for a director position on the
expectation that his experience and perspectives will contribute to improved Group
corporate governance and management supervision.
Special interests
Kunishi Hazama has no special interests in the Company.

93. Yujiro Ichihara (Date of birth: November 13, 1951) (Reappointment)
Number of Company shares owned: 75,000
Years of service as a director: 7
Record of attendance at Board of Directors meetings: 13 of 13 times
Career summary, position and responsibilities in the Company
April 1974
Joined the Company
June 2005
Executive officer, deputy general manager of Business Planning
Division and General Affairs Division, and manager of Secretary’s
Office and Corporate Audit Office
June 2008
Senior executive officer and general manager of General Affairs
Division, with responsibility for Company-wide internal control
June 2010
Managing director and general manager of General Affairs Division,
with responsibility for Company-wide internal control
June 2012
Senior managing director and general manager of Corporate
Administration Division, with responsibility for Company-wide
internal control
June 2013
Executive vice president, director, and general manager of Corporate
Administration Division, with responsibility for Company-wide
internal control
April 2014
Executive vice president and director, with responsibility for Corporate
Administration Division and Corporate Planning & Global Operations
Division
June 2014
President and representative director, CEO
June 2015
President and representative director, and CEO (current)
Significant concurrent positions outside the Company
Director of Mitsubishi Chemical Holdings Corporation
Director of KAITEKI Institute, Inc.
Reasons for nomination as candidate for director position
Yujiro Ichihara is highly experienced in the overseas business arena as well as in finance,business planning, and other aspects of business administration. Following his service as
general manager of the Corporate Administration Division, in June 2014 he assumed his
current position as president and representative director.
We have nominated Mr. Ichihara for a director position because we anticipate his
experience and acumen will contribute significantly to Group management.
Special interests
Yujiro Ichihara has no special interests in the Company.

10

4. Shigeru Amada (Date of birth: March 27, 1953) (Reappointment)
Number of Company shares owned: 15,600
Years of service as a director: 7
Record of attendance at Board of Directors meetings: 13 of 13 times
Career summary, position and responsibilities in the Company
April 1975
Joined Taiyo Sanso Co., Ltd.
June 2005
Executive officer, deputy general manager of Electronics Division, andgeneral manager of Semiconductor Gas Section and West Japan
Electronics Section
June 2008
Senior executive officer and deputy general manager of Electronics
Division
June 2010
Managing director and deputy general manager of Electronics Division
June 2013
Senior managing director and deputy general manager of Electronics
Division
June 2014
Senior managing director, deputy general manager of Industrial Gases
Division, and general manager of Electronics Business Unit
June 2015
Director, senior managing executive officer, deputy general manager ofIndustrial Gases Division, and general manager of Electronics Business
Unit
April 2017
Director, senior managing executive officer, and chief sustainability
officer (current)
Significant concurrent positions outside the Company
Representative director and president of K.K. Kameyama Gas Center
Representative director and president of K.K. Sakai Gas Center
Reasons for nomination as candidate for director position
Shigeru Amada has amassed wide-ranging sales experience in semiconductor material
gases and industrial gases primarily for clientele in the semiconductor and liquid
crystal-related fields. He has also spearheaded the sales division that handles theCompany’s electronics-related customers.
Given his career background, we have nominated him as a candidate for a director
position on the expectation that his experience and insight will contribute to our Groupmanagement.
Special interests
Shigeru Amada has no special interests in the Company.

11

5. Akio Yamada (Date of birth: September 25, 1943) (Reappointment; Outside andindependent director)
Number of Company shares owned: 0Years of service as an outside director: 2Record of attendance at Board of Directors meetings: 13 of 13 times
Career summary, position and responsibilities in the Company
April 1967
Joined General Secretariat of Japan Fair Trade Commission
June 1996
Director general of Trade Practices Department of General Secretariat
of Japan Fair Trade Commission
June 1997
Director general of Investigation Bureau of General Secretariat ofJapan Fair Trade Commission
June 1998
Director general of Economic Affairs Bureau of General Secretariat ofJapan Fair Trade Commission
June 2000
Secretary general of Japan Fair Trade Commission
December 2003 Commissioner of Japan Fair Trade Commission
April 2009
Senior advisor of Jones Day (current)
June 2010
Audit & Supervisory Board member of Daiichi Sankyo Co., Ltd.
March 2014
Audit & Supervisory Board member of Yokohama Rubber Co., Ltd.
(current)
June 2014
Director of Watahan & Co., Ltd. (current)
June 2015
Director of the Company (current)
Significant concurrent positions outside the Company
Senior advisor of Jones Day
Audit & Supervisory Board member of Yokohama Rubber Co., Ltd.
Director of Watahan & Co., Ltd.
Reasons for nomination as candidate for outside director position
Akio Yamada has occupied important posts on the Japan Fair Trade Commission and iscurrently a senior advisor to a law firm that provides global services. He is also an
outside director and audit & supervisory board member at two other companies. We havenominated him as a candidate for outside director on the expectation that he will be able
to effectively apply his wealth of experience and professional expertise to the
management of our Group. Aside from his duties as an outside director or audit &supervisory board member, Mr. Yamada has not been directly involved in the affairs ofcorporate management. However, for the reasons cited above, we believe he is capable ofeffectively fulfilling the role of an outside director at our Company.
Special interests
Akio Yamada has no special interests in the Company.

12Reporting of independent director status
Akio Yamada is a candidate for the position of outside director. Also, he satisfies theconditions for independent directors established by the Securities Listing Regulations of
the Tokyo Stock Exchange. We have notified the Tokyo Stock Exchange of his selection
as an independent director.
Overview of liability limitation agreement
With respect to liability for damages as provided for in Article 423(1) of the Companies
Act, the Company and Akio Yamada have entered into a liability limitation agreementthat limits said liability to the amount stipulated by law in accordance with the provisionsof Article 427(1) of the Companies Act. We plan to maintain this agreement with Mr.
Yamada if he is reelected as a director.

13

6. Mitsuhiro Katsumaru (Date of birth: October 10, 1951) (Reappointment; Outside
and independent director)
Number of Company shares owned: 0Years of service as an outside director: 2Record of attendance at Board of Directors meetings: 13 of 13 times
Career summary, position and responsibilities in the Company
April 1978
Appointed as a public prosecutor assigned to Tokyo District Public
Prosecutors Office
July 1989
First secretary of Embassy of Japan in Germany
June 2000
Director of Criminal Affairs Division of Criminal Affairs Bureau of
Ministry of Justice
June 2001
Director of General Affairs Division of Criminal Affairs Bureau of
Ministry of Justice
January 2003
Director of Finance Division of Minister’s Secretariat of Ministry ofJustice
April 2005
Assistant vice-minister of Ministry of Justice (responsible for generalpolicy integration)
December 2005 Chief prosecutor of Fukui District Public Prosecutors Office
June 2007
Chief prosecutor of Mito District Public Prosecutors Office
October 2008
Chief prosecutor of Saitama District Public Prosecutors Office
January 2010
Director of Public Security Department of Supreme Public Prosecutors
OfficeDecember 2010 Superintending prosecutor of Takamatsu High Public Prosecutors
OfficeJune 2012
Superintending prosecutor of Hiroshima High Public Prosecutors
OfficeJuly 2014
Retired from superintending prosecutor
October 2014
Registered as an attorney
June 2015
Director of the Company (current)
March 2017
Director of Shimano Inc. (current)
Significant concurrent positions outside the Company
Attorney at Shiba International Law Offices
Director of Shimano Inc.
Reasons for nomination as candidate for outside director position
Prior to his current engagement as an attorney, Mitsuhiro Katsumaru established an
extensive career of service with the Ministry of Justice and Public Prosecutors Offices.
We have nominated him as a candidate for outside director on the expectation that hewill be able to effectively apply his extensive experience and professional knowledge asa prosecutor and attorney to the management of our Group.

14

Special interests
Mitsuhiro Katsumaru has no special interests in the Company.
Reporting of independent director status
Mitsuhiro Katsumaru is a candidate for the position of outside director. Also, he satisfies
the conditions for independent directors established by the Securities Listing Regulationsof the Tokyo Stock Exchange. We have notified the Tokyo Stock Exchange of his
selection as an independent director.
Overview of liability limitation agreement
With respect to liability for damages as provided for in Article 423(1) of the Companies
Act, the Company and Mitsuhiro Katsumaru have entered into a liability limitationagreement that limits said liability to the amount stipulated by law in accordance with theprovisions of Article 427(1) of the Companies Act. We plan to maintain this agreementwith Mr. Katsumaru if he is reelected as a director.

15

7. Shushichi Yoshimura (Date of birth: November 27, 1953) (New appointment)
Number of Company shares owned: 0
Career summary, position and responsibilities in the Company
April 1979
Joined Mitsubishi Chemical Industries Limited (now Mitsubishi
Chemical Corporation)
June 2008
Executive officer and general manager of Yokkaichi Plant ofTechnology and Production Center of Mitsubishi Chemical
Corporation
April 2012Managing executive officer and general manager of Battery Division
and Carbon Materials Division of Mitsubishi Chemical Corporation
April 2013
Director, managing executive officer, and general manager of Carbon
Materials Division of Mitsubishi Chemical Corporation
April 2014
Director, managing executive officer, and general manager of Carbon
Materials Division and Marketing Office of Mitsubishi Chemical
Corporation
April 2015
Director, managing executive officer, and general manager ofCorporate Strategy Division and Marketing Office of Mitsubishi
Chemical Corporation
June 2016
Managing corporate executive officer of Mitsubishi Chemical
Holdings Corporation
April 2017
Senior managing corporate executive officer, division manager ofCorporate Strategy Division, and chief representative in China of
Mitsubishi Chemical Holdings Corporation (current)
Significant concurrent positions outside the Company
Senior managing corporate executive officer of Mitsubishi Chemical Holdings
Corporation
Reasons for nomination as candidate for director position
Shushichi Yoshimura amassed wide-ranging experience in the materials and functional
products business fields and later became involved in the management of Mitsubishi
Chemical Corporation and Mitsubishi Chemical Holdings Corporation as an executive
officer and corporate executive officer, respectively. Given that extensive careerbackground, we have nominated Mr. Yoshimura as a candidate for a director position on
the expectation that his experience and insights will contribute to the supervision of ourGroup management.
Special interests
Shushichi Yoshimura has no special interests in the Company.
* The above “Career summary, position and responsibilities in the Company” for Shushichi
Yoshimura includes his positions and responsibilities at present and in the last five years as a16

person who executes business of Mitsubishi Chemical Holdings Corporation (our parent
company) and its subsidiary.
* Effective April 1, 2017, the new Mitsubishi Chemical Corporation went into operation as anintegrated merger of three subsidiaries: Mitsubishi Chemical Corporation, Mitsubishi Plastics,
Inc., and Mitsubishi Rayon Co., Ltd.

Note: Years of service as a director will be the number of years as of the conclusion of thisMeeting.

17

Reference: Standards for the Independence of Outside Directors
The Company deems outside directors to be independent if they do not correspond to anyof the conditions listed below.
(1) A person for whom the Company is a major client, or a person who executes
business for such person.
(2) A major client of the Company, or a person who executes business for such client.
(3) A consultant, accounting professional, or legal professional who receives large sumsof money or other assets other than director’s remuneration from the Company. (Ifthe recipient of said assets is a judicial person, partnership, or other organization,
this includes persons belonging to said organization.)(4) A person to whom any of the following criteria listed in (i) through (iii) applied
during the three years preceding their appointment:(i) A person as described in (1), (2), or (3) above;(ii) A person who executes business, or a director who does not execute business,of the Company’s parent company; and(iii) A person who executes business of one of the Company’s sister companies.
(5) A close relative (meaning a relative within the second degree of kinship) of any
person described in the following (i) through (v) (excluding non-important
personnel):(i) A person as described in (1) through (4) above;(ii) A person who executes business of a Company’s subsidiary;(iii) A person who executes business, or a director who does not execute business,of the Company’s parent company;(iv) A person who executes business of one of the Company’s sister companies;and(v) A person who has corresponded to (ii) above or executed business of theCompany during the three-year period preceding the date of the General
Meeting of Shareholders that appoints him or her to serve as an outside
director.

18

Proposal 3: Election of two Audit & Supervisory Board members
The terms of office of Audit & Supervisory Board Members Yasufumi Miyazaki andKinji Mizunoe will expire at the conclusion of this Meeting. Accordingly, the Company
proposes the election of two Audit & Supervisory Board members. This Proposal has theconsent of the Audit & Supervisory Board.
The candidates for Audit & Supervisory Board members are as follows:19

1. Kinji Mizunoe (Date of birth: February 1, 1952) (Reappointment)
Number of Company shares owned: 28,200
Year of service as an audit & supervisory board member: 1
Record of attendance at Board of Directors meetings: 11 of 11 times
Record of attendance at Audit & Supervisory Board: 14 of 14 times
Career summary, position and responsibilities in the Company
April 1975
Joined the Taiyo Sanso Co., Ltd.
June 2006
Executive officer and general manager of Accounting Department andAffiliated Companies Department of Corporate Administration Division
June 2008
Executive officer, deputy general manager of Corporate Administration
Division, and general manager of Accounting Department
June 2009
Senior executive officer, deputy general manager of Corporate
Administration Division, and general manager of Accounting Department
June 2012Managing director, deputy general manager of Corporate Administration
Division, and general manager of Accounting Department, withresponsibility for internal control over financial reporting
April 2013
Managing director and deputy general manager of Corporate
Administration Division, with responsibility for internal control overfinancial reporting
April 2014
Managing director and general manager of Corporate Administration
Division, with responsibility for Company-wide internal control andinternal control over financial reporting
June 2015
Managing executive officer, general manager of Corporate Administration
Division, and chief compliance officer, with responsibility for
Company-wide internal control and internal control over financial
reportingJune 2016
Full-time Audit & Supervisory Board member (current)
Significant concurrent positions outside the Company
None
Reasons for nomination as candidate for Audit & Supervisory Board member
position
Kinji Mizunoe possesses broad-ranging experience in the affairs of corporate accounting
and served as general manager of the Corporate Administration Division from April
2014 to June 2016. In view of his extensive background, we have nominated Mr.
Mizunoe as a candidate for an Audit & Supervisory Board member position on the
expectation that the Company’s audit system can effectively harness his experience andinsight.

20

Special interests
Kinji Mizunoe has no special interests in the Company.
* For Kinji Mizunoe, his attendance at Board of Directors meeting and Audit &Supervisory Board refers to the fiscal 2016 meetings held since his appointment as an
Audit & Supervisory Board member at the Company in July 21, 2016.
* Years of service as an audit & supervisory board member will be the number of years

as of the conclusion of this Meeting.

21

2. Akihiro Hashimoto (Date of birth: February 18, 1960) (New appointment; Outside
and independent Audit & Supervisory Board member)
Number of Company shares owned: 0
Career summary, position and responsibilities in the Company
April 1983
Joined Fuji Bank, Limited (now Mizuho Bank, Ltd.)
April 2010
Executive officer and general manager of Americas Financial Products
Division of Mizuho Corporate Bank, Ltd. (now Mizuho Bank, Ltd.)
April 2012Managing executive officer in charge of branches of Mizuho Bank, Ltd.
(to July 2013)
April 2013
Managing executive officer in charge of corporate banking of Mizuho
Corporate Bank, Ltd.
July 2013
Managing executive officer in charge of corporate banking of Mizuho
Bank, Ltd.
(Mizuho Bank, Ltd. and Mizuho Corporate Bank, Ltd. merged to form thecurrent Mizuho Bank, Ltd.)
April 2014
Senior general manager of Mizuho Bank, Ltd.
April 2014
Resigned from Mizuho Bank, Ltd.
May 2014
Senior general manager of Sharp Corporation
June 2014
Director and executive managing officer of Sharp Corporation
June 2016
Resigned from Sharp Corporation
June 2016
Senior general manager of Mizuho Bank, Ltd.
Significant concurrent positions outside the Company
None
Reasons for nomination as candidate for outside Audit & Supervisory Board
member position
Akihiro Hashimoto has amassed a long career in financial institutions. We havenominated him for the position of outside Audit & Supervisory Board member because
we believe our audit system can effectively harness his wealth of experience and broad
insight.
Special interests
Akihiro Hashimoto has no special interests in the Company.
Reporting of independent Audit & Supervisory Board member status
Akihiro Hashimoto is a candidate for the position of outside Audit & Supervisory Board
member. Also, he satisfies the conditions for independent audit & supervisory board
members established by the Securities Listing Regulations of the Tokyo Stock Exchange.
If this Proposal is approved and adopted, we will notify the Tokyo Stock Exchange of his
selection as an independent Audit & Supervisory Board member.

22

Note
The candidates for Audit & Supervisory Board members were selected by the Board of
Directors on the basis of recommendations by the Advisory Committee on Appointments
and Remuneration, which consists of the chairman, the president, and outside directors,
with the consent of the current Audit & Supervisory Board members.

23