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: 4112
June 4, 2018
To our shareholders:
Yuto MatsumotoPresident
Hodogaya Chemical Co., Ltd.
2-4-1 Yaesu, Chuo-Ku, Tokyo

Notice of the 160th Annual General Meeting of Shareholders
You are cordially invited to attend the 160th Annual General Meeting of Shareholders of Hodogaya Chemical Co.,
Ltd. (the “Company”), which will be held as indicated below.
If you are unable to attend the meeting in person, you may exercise your voting rights in writing. Please review theattached Reference Documents for General Meeting of Shareholders, and indicate your approval or disapproval of
the proposals in the enclosed voting form and then return the form to the Company by postal mail so that your vote
is received by 5:45 p.m. on Monday, June 25, 2018 (JST).
Guide to the Exercise of Voting Rights
Attending the meeting in person
Please bring the enclosed voting form and submit it to the reception desk on the day of the meeting.
Date and Time: Tuesday, June 26, 2018, at 10:00 a.m. (JST)
Venue: Main hall, 2nd floor, The Industry Club of Japan
Exercise of voting rights by mail (in writing)
Please indicate your approval or disapproval of the proposals in the enclosed voting form and then return the form
to the Company. If you submit this without indicating your approval or disapproval for each proposal, it will beconsidered that you indicated your approval.
* Please use the enclosed “Voting form writing protection sticker.”
Deadline for Exercising Voting Rights: Received by 5:45 p.m. on Monday, June 25, 2018 (JST).
1. Date and Time: Tuesday, June 26, 2018 at 10:00 a.m. (Reception starts at 9:00 a.m.)
2. Venue:
Main hall, 2nd floor, The Industry Club of Japan
1-4-6 Marunouchi, Chiyoda-Ku, Tokyo
3. Purpose of the Meeting
Matters to be reported:
1. The Business Report and the Consolidated Financial Statements for the 160th fiscal year (from April 1,2017 to March 31, 2018), and the results of audits of the Consolidated Financial Statements by theFinancial Auditor and the Audit & Supervisory Committee
2. The Non-consolidated Financial Statements for the 160th fiscal year (from April 1, 2017 to March 31,2018)
Matters to be resolved:
Proposal
Election of Three Directors (Excluding Directors Who Are Audit & SupervisoryCommittee Members)-If you attend the meeting in person, please submit the enclosed voting form at the reception of the meeting.
In addition, you are kindly requested to bring this notice to the meeting.

-1-Reference Documents for General Meeting of Shareholders
Proposal

Election of Three Directors (Excluding Directors Who Are Audit & Supervisory CommitteeMembers)

The terms of office of all three Directors (excluding Directors who are Audit & Supervisory Committee Members)
will expire at the conclusion of this meeting. Therefore, the Company proposes the election of three Directors(excluding Directors who are Audit & Supervisory Committee Members). Moreover, this proposal has been
considered by the Audit & Supervisory Committee, but they have expressed no opinion. Candidates for Director(excluding Directors who are Audit & Supervisory Committee Members) are as follows:
CandidateNo.

Name(Date of birth)
Toshikazu Kitano(October 28, 1949)
Reelection
Tenure as Director (At theconclusion of this meeting)
11 years

12Career summary, position and responsibility in the Company,and significant concurrent positions outside the Company
Apr. 1973
June 2001
Apr. 2002
Mar. 2003

Mar. 2006
May 2007June 2007
Attendance at the Board ofDirectors Meetings during fiscal June 2008
June 20102017
Nov. 201616/16 times

Joined The Industrial Bank of Japan, Limited
Executive Officer, Secretary and General
Manager of Human Resources Department
Managing Executive Officer of Mizuho Bank,Ltd.
Executive Managing Director of Mizuho
Corporate Bank, Ltd.
Deputy President of Mizuho Bank, Ltd.
Advisor of the Company
Director and Deputy President
Representative Director and President
Representative Director, President and CEO
Representative Director and Chairman(current position)

Number of theCompany’s shares
owned

8,100 shares

Reasons for nomination as candidate for Director
He has extensive experience and knowledge on the general business operations of the Group, and since joining theCompany in May 2007, he has been appropriately fulfilling his duties with strong leadership. Therefore, the Company
judges that he is qualified as Director of the Company.
Apr. 1983
Joined the Company
Yuto Matsumoto
June 2004
Director and President of HODOGAYA(November 19, 1960)
CHEMICAL (U.S.A.), INC.
Apr. 2010
General Manager of Color& Imaging Materials
Reelection
Division of the Company
Apr. 2012
General Manager of Imaging Materials
Tenure as Director (At theDivision
4,100 sharesconclusion of this meeting)Apr. 2013
General Manager of Business Promotion
3 years
Division
Apr. 2014
Executive Officer and General Manager ofAttendance at the Board ofBusiness Promotion Division
Directors Meetings during fiscal
June 2015
Director and Managing Executive Officer2017
Nov.
2016
Representative Director, President and CEO
16/16 times(current position)
Reasons for nomination as candidate for Director
After joining the Company in April 1983, he worked in the Research & Development Department, has engaged inoperations of sales department including overseas business, and became Representative Director and President of theCompany in November 2016. He has extensive experience and knowledge and has been appropriately fulfilling hisduties. Therefore, the Company judges that he is qualified as Director of the Company.

-2-Candidate
No.

Name(Date of birth)

Career summary, position and responsibility in the Company,and significant concurrent positions outside the CompanyApr. 1975
June 2002

3Eiichi Sunada(June 24, 1951)

Apr. 2004
June 2005

Reelection

July 2006

Tenure as Director (At theconclusion of this meeting)
3 years

June 2008

Apr. 2011
Attendance at the Board ofDirectors Meetings during fiscal June 20142017
15/16 times
June 2015
Jan. 2018

Joined The Industrial Bank of Japan, Limited
General Manager of Legal & Intellectual
Property Department of the Company
General Manager of Compliance Department
Executive Officer and General Manager ofCompliance Department
Executive Officer and General Manager ofBusiness Innovation Department
Executive Officer, General Manager of Internal
Control Department and General Manager of IT
Planning & Administration Department
Managing Executive Officer and General
Manager of Internal Control Department
Managing Executive Officer and General
Manager of Legal Department
Director and Managing Executive Officer
Director and Senior Managing ExecutiveOfficer(current position)

Number of theCompany’s shares
owned

3,600 shares

Reasons for nomination as candidate for DirectorSince joining the Company in June 2002, he has engaged in operations of Legal, Internal Control, Internal Auditors andIT Departments of the Group. He has extensive experience and knowledge for supervising these departments, and has
been appropriately fulfilling his duties. Therefore, the Company judges he is qualified as Director of the Company.
* There is no special interest between any of the candidates and the Company.
* The responsibilities of each candidate at the end of the fiscal year are stated on page 30 and 31 of this notice. (Only available inJapanese version)-3-