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 identification code: 9842
Date of sending by postal mail: May 7, 2024
Start date of measures for providing information in electronic format: May 2, 2024
To our shareholders:Haruhiko Sakamoto
Representative Director and President

ARCLANDS CORPORATION
445 Kamisugoro, Sanjo, Niigata Prefecture
NOTICE OF THE 55TH ORDINARY GENERAL MEETING OF SHAREHOLDERS
You are cordially notified of the 55th Ordinary General Meeting of Shareholders of ARCLANDS CORPORATION(the “Company”), which will be held as described below.
You may exercise your voting rights in writing by postal mail or via the Internet, instead of attending themeeting in person. Please review the reference documents for the General Meeting of Shareholders and referto the Introduction on Voting Rights on page 3 (Japanese only) and return the voting form via postal mail or
exercise your voting rights via the Internet so that your voting form or electromagnetic vote will reach us by
no later than 6 p.m. on Wednesday, May 22, 2024 (Japan Standard Time).
When convening this General Meeting of Shareholders, the Company takes measures for providing information that
constitutes the content of reference documents in electronic format (items for which the measures for providing inelectronic format will be taken) and posts this information on the Company’s website. Please access the Company’s
website using the Internet address shown below to review the information.
The Company’s website: https://www.arclands.co.jp/ja/ir/news.html (in Japanese)
Items for which the measures for providing in electronic format will be taken are posted on Tokyo Stock Exchange’s(TSE’s) and the Company’s website as shown below.
TSE’s website (Listed Company Search):https://www2.jpx.co.jp/tseHpFront/JJK010010Action.do?Show=Show (in Japanese)(Access the TSE website by using the internet address shown above, enter “ARCLANDS” in “Issue name (company
name)” or the Company’s securities code “9842” in “Code,” and click “Search.” Then, click “Basic information”
and select “Documents for public inspection/PR information.” Under “Filed information available for public
inspection,” click “Click here for access” under “[Notice of General Shareholders Meeting /Informational Materials
for a General Shareholders Meeting].”)Meeting Details
1. Date and time:Thursday, May 23, 2024 at 10:00 a.m. (Japan Standard Time)(Registration will start at 9:00 a.m.)

2. Venue:

Fifth-floor Hall, the Company Headquarters
445 Kamisugoro, Sanjo, Niigata Prefecture

3. Purposes:
Items to be reported:
1. Business report and consolidated financial statements for the 55th Term (from March 1, 2023 to
February 29, 2024), as well as the results of audit of the consolidated financial statements by the
Accounting Auditor and the Audit and Supervisory Committee
2. Non-Consolidated Financial Statements for the 55th Term (from March 1, 2023 to February 29, 2024)
Items to be resolved:
Proposal 1 Appropriation of surplus
Proposal 2 Election of six (6) Directors (excluding Directors who are Audit and Supervisory
Committee Members)
Proposal 3 Election of three (3) Directors who are Audit and Supervisory Committee Members
Proposal 4 Election of one (1) substitute Director who is an Audit and Supervisory Committee Member1◎ If you attend the meeting in person, please carry the voting form and submit it at the reception desk at the venue.
◎ If revisions to the items for which the measures for providing in electronic format will be taken arise, a notice ofthe revisions and details of the items before and after the revisions will be posted on the Company’s
aforementioned website and the TSE website.
◎ Due to the revision to the Companies Act, the Company has changed the rule so that shareholders can refer to theitems for which the measures for providing in electronic format will be taken by accessing any aforementioned
website, in principle, and such items are delivered only to shareholders who requested the delivery of paper-based
documents by the record date. However, for this General Meeting of Shareholders, the Company will send paperbased documents, including the items for which the measures for providing in electronic format will be taken, toall shareholders, regardless of whether they requested the delivery of paper-based documents.
According to the provisions of laws and regulations and Article 16 of the Articles of Incorporation of the Company,
the following items are not provided in the paper-based documents delivered to shareholders.
1) Overview of the system to ensure the properness of operations and operational status of such system containedin the business report2) Consolidated statements of changes in equity and Notes to consolidated financial statements
3) Non-consolidated statements of changes in equity and Notes to non-consolidated financial statements
Accordingly, the consolidated financial statements and non-consolidated financial statements contained herein
are part of the documents audited by the Accounting Auditor and the Audit and Supervisory Committee during
the preparation of the Accounting Auditor’s Report and the Audit Report, respectively.
◎ The results of resolutions at this General Meeting of Shareholders will be posted on the Company’s

aforementioned website, instead of postal mail as in the past.

2

Reference Documents for the General Meeting of Shareholders
Proposal 1

Appropriation of surplus

The Company will place emphasis on the stable provision of dividends over the long term, and it will return profits
to shareholders while considering the level of profits and dividend payout ratio guidelines and maintaining a balancewith internal reserves for improving corporate value.
The Company proposes the year-end dividend for the 55th period and the appropriation of surplus as follows:1.
(i)Year-end dividends
Type of dividend property
Cash(ii) Allotment of dividend property and their aggregate amount¥20 per common share of the Company
Total payment: ¥1,246,175,880
As the Company has already paid an interim dividend of ¥20 per share, the annual dividend for the fiscal year
will be ¥40 per share.
(iii) Effective date of dividends of surplus
May 24, 2024
2.
(i)

Other appropriation of surplus
Item of surplus to be decreased and amount of decrease(ii)

Item of surplus to be increased and amount of increase

Retained earnings brought forward:
General reserve:¥5,000,000,000¥5,000,000,000

3Proposal 2

Election of six (6) Directors (excluding Directors who are Audit and Supervisory Committee
Members)

At the conclusion of this General Meeting of Shareholders, the terms of office of all six (6) Directors (excluding
Directors who are Audit and Supervisory Committee Members; applicable to the rest of this proposal) will expire.
Therefore, the Company proposes the election of six (6) Directors.
Regarding this proposal, there is no particular comment from the Audit and Supervisory Committee.
The candidates for Director are as follows:

Candidate
No.

Name

Current position and responsibility
in the Company

Attendance atBoard ofDirectors
meetings

1

Reelection

Katsuji Sakamoto

Representative Director, Chairman, and
CEO

13/13
(100%)

2

Reelection

Haruhiko Sakamoto

Representative Director, President, and
COO

13/13
(100%)

3

Reelection

Hiroyuki Hoshino

Senior Managing Director, General
Manager of Store Development
Headquarters

13/13(100%)

4

Reelection

Toshiyuki Suto

Managing Director, General Manager ofSales Headquarters and ProductManagement Department

13/13(100%)
13/13(100%)
13/13(100%)

5

Reelection

Kimitoshi Ino

Director, General Manager of
Administration Headquarters, Corporate
Planning Department, and Accounting
Department

6

Reelection

Yoshifumi Sato

Director, General Manager of Home
Center Business Department

Reelection

Candidate for Director to be reelected

New election Candidate for Director to be newly elected(Note)The positions and responsibilities of the above candidates for Director in the Company are as of the date of the General
Meeting of Shareholders.

4Candidate
No.

Name
(Date of birth)

Career summary, position and responsibility in the Company,
and significant concurrent positions outside the Company
July 1970

1

Katsuji Sakamoto(January 7, 1945)
Reelection

Apr. 1978
Dec. 1987
Feb. 1993
Feb. 1997
Feb. 2003
Sept. 2003
Feb. 2006
Jan. 2007
May 2007
Feb. 2010
Feb. 2013
Feb. 2003
Feb. 2012
Feb. 2014

2

Haruhiko Sakamoto(May 4, 1976)
Reelection

June 2020
Apr. 2021

May 2021

Managing Director of Sakamoto Sangyo Co.,Ltd.
Established Musashi Co., Ltd., Director
Senior Managing Director of the Company
Representative Director and Vice President
Representative Director and President
Representative Director and Vice Chairman
Director and Vice Chairman
Representative Director and Vice Chairman
Representative Director, Vice Chairman,
Acting President, and COO
Representative Director, President, and COO
Representative Director and President
Representative Director, Chairman, and CEO(current position)
Joined the Company
General Manager of Product Department,
Home Center Headquarters
Executive Officer, General Manager of ProductDepartment 3, Home Center Headquarters
President, Executive Officer, and COO
Representative Director, President, and CEO of
VIVA HOME CORPORATION (currently
ARCLANDS CORPORATION)
Representative Director, President, and COO of
the Company (current position)

5

Number of theCompany’s shares
owned

1,508,354 shares

1,244,024 shares

Candidate
No.

Name
(Date of birth)

Career summary, position and responsibility in the Company,
and significant concurrent positions outside the Company
Apr. 1994
Feb. 2007
Feb. 2011
May 2013

3

Hiroyuki Hoshino(November 1, 1970)
Reelection

Feb. 2018
Apr. 2021

Sept. 2022
Mar. 2023

Apr. 1995
Feb. 2013
Aug. 2013
Aug. 2016

Feb. 2017
Dec. 20204

Toshiyuki Suto
(April 16, 1971)
Reelection

May 2021
Mar. 2022

Sept. 2022
Dec. 2022

Mar. 2023

Joined the Company
Deputy General Manager of Development
Department
General Manager of Development Department
Director, General Manager of Development
Department
Managing Director, General Manager ofDevelopment Department
Managing Director of VIVA HOMECORPORATION (currently ARCLANDSCORPORATION)Managing Director, General Manager of Store
Development Headquarters of the Company
Senior Managing Director, General Manager ofStore Development Headquarters (current
position)
Joined the Company
Deputy General Manager of Store Operation
Department, Home Center Headquarters
Deputy General Manager of ProductDepartment 1, Home Center Headquarters
General Manager of Kansai Headquarters of
Arc Style Inc. (currently Arc Home
Corporation) (seconded)
Representative Director and President(employment transfer)
Executive Officer, General Manager of ProductDepartment, Home Center Headquarters of theCompany (employment transfer)
Director and General Manager of Home Center
Management Department
General Manager of Product Management
Department of VIVA HOME CORPORATION(currently ARCLANDS CORPORATION)
Director, General Manager of ProductManagement Department of the Company
Director, General Manager of Sales
Headquarters and Product Management
Department
Managing Director, General Manager of Sales
Headquarters and Product Management
Department (current position)

6

Number of theCompany’s shares
owned

8,200 shares

9,300 shares

Candidate
No.

Name
(Date of birth)

Career summary, position and responsibility in the Company,
and significant concurrent positions outside the Company
Apr. 1995
Sept. 2015
Jan. 2016
July 2016

5

6

Notes:

Number of theCompany’s shares
ownedJoined The Daiei, Inc
Joined ORENO Corporation
Director in charge of Management Department
Managing Director in charge of Management
Department
July 2017
Joined LIXIL VIVA CORPORATION(currently ARCLANDS CORPORATION);
General Manager as Assistant to President
Mar. 2018
General Manager of Corporate Strategy
Planning Office
June 2020
Executive Officer, General Manager ofKimitoshi Ino
Corporate Strategy Planning Office(May 13, 1972)
200 shares
Sept.
2022
Executive Officer, General Manager ofReelection
Corporate Planning Department of theCompany
Dec. 2022
Executive Officer, General Manager of
Administration Headquarters and Corporate
Planning Department
May 2023
Director, General Manager of Administration
Headquarters and Corporate Planning
Department
Sept. 2023
Director, General Manager of Administration
Headquarters, Corporate Planning Department,
and Accounting Department (current position)
July 2001
Joined Smile Honda Co., Ltd. (currently
JOYFUL HONDA CO., LTD.)
Nov. 2018
Joined HONDA CO., LTD.
Sept. 2020
Joined Arc Style Inc. (currently Arc Home
Corporation)
Dec. 2020
Representative Director and President
Apr. 2021
Executive Officer, General Manager of ReformYoshifumi SatoBusiness Management Department of VIVA–
(October 14, 1973)
HOME CORPORATION (currently
Reelection
ARCLANDS CORPORATION)
Sept. 2022
Executive Officer, President of Reform
Company of the Company
Dec. 2022
Executive Officer, General Manager of Home
Center Business Department
May 2023
Director, General Manager of Home Center
Business Department (current position)
1. There is no special interest between any of the candidates for Director and the Company.
2. “Number of the Company’s shares owned” is current as of February 29, 2024.
3. Reasons for the election of each candidate for Director are as follows:(1) In July 1970, Katsuji Sakamoto was appointed as Managing Director of the Company’s predecessor, Sakamoto Sangyo
Co., Ltd., at the time of its founding. During his tenure as the Company’s Senior Managing Director and as
Representative Director and Vice President, he pursued several structural reforms at the Company. In February 1997, he
was appointed as Representative Director and President. Since February 2013, he has been serving as Representative
Director, Chairman, and CEO of the Company. Katsuji Sakamoto possesses extensive knowledge of the Group’s overallbusiness management. Therefore, he has again been nominated as a candidate for Director.
(2) After joining the Company in 2003, Haruhiko Sakamoto served as the General Manager of the Product Department andthen General Manager of Product Department 3. He was appointed as President, Executive Officer, and COO of theCompany in June 2020, as Representative Director, President and CEO of VIVA HOME CORPORATION (currently
ARCLANDS CORPORATION) in April 2021, and as Representative Director, President, and COO of the Company in
May 2021. After the merger in September 2022, he has continued to engage in various management issues steadily withstrong leadership. For these reasons, he has again been nominated as candidate for Director.

7

(3)

Since joining the Company in 1994, Hiroyuki Hoshino worked in the home center business and the store development
business. He has been engaged in operations relating to store development since May 2013, when he was appointed as
Director. After the merger of the Company, he has fully demonstrated his operational experience in the home center
business and ample knowledge of development operations and business management. For these reasons, he has again
been nominated as candidate for Director.
(4) Toshiyuki Suto joined the Company in 1995. After serving as Deputy General Manager of Store Operation Department
and Deputy General Manager of Product Department 1, he was appointed as Representative Director and President of
Arc Style Inc. (currently Arc Home Corporation) in February 2017 and involved in the company’s management. He took
office as Executive Officer and General Manager of Product Department of the Company in December 2020 and has
served as Director of the Company since May 2021. Due to his abundant operational experience in the retail businessand knowledge of business management, he has again been nominated as candidate for Director.
(5) Kimitoshi Ino has abundant experience in the retail business as well as corporate management as a director. Since 2018,he has served as various positions including General Manager of Corporate Strategy Planning Office of LIXIL VIVACORPORATION (currently ARCLANDS CORPORATION) and General Manager of Corporate Planning Departmentof the Company, and he was appointed as Director of the Company in May 2023. He has continued to engage inmanagement growth strategies for the Company’s sustainable growth and improvement of its corporate value. For thesereasons, he has again been nominated as candidate for Director.
(6) Yoshifumi Sato, who has abundant experience in the sales division, took office as Representative Director and Presidentof Arc Style Inc. (currently Arc Home Corporation), a subsidiary of the Company, in 2020 and greatly contributed to its
business expansion. Since December 2022, he has served as General Manager of Home Center Business Department of
the Company, and he was appointed as Director of the Company in May 2023. He has demonstrated his capability ofacting decisively and exercising leadership for business improvement in the home center business. For these reasons, he
has again been nominated as candidate for Director.
4. The Company has entered into a directors’ and officers’ liability insurance (“D&O insurance”) policy with an insurancecompany. Each of the candidates shall be named as an insured in said policy. Regarding the overview of the contents andother information of the D&O insurance policy, please refer to “2. Status of the Company; (3) Status of the Directors; (iii)
Directors’ and Officers’ Liability Insurance, etc.” (Japanese only) described in the Business Report. In addition, when thepolicy is renewed, the Company plans to renew the policy with the same terms.

8Proposal 3

Election of three (3) Directors who are Audit and Supervisory Committee Members

At the conclusion of this General Meeting of Shareholders, the terms of office of all three (3) Directors who are
Audit and Supervisory Committee Members will expire. Therefore, the Company proposes the election of three (3)Directors who are Audit and Supervisory Committee Members.
In addition, the consent of the Audit and Supervisory Committee has been obtained for this proposal.
The candidates for Director who is an Audit and Supervisory Committee Member are as follows:

Candidate
No.

Name

Current position and responsibility
in the Company

Attendance atBoard ofDirectors
meetings

1

Reelection
OutsideIndependent

Masayuki Atsumi

Outside Director

13/13(100%)

2

New election
OutsideIndependent

Reiko Iwasaki

–

–

3

New election
OutsideIndependent

Yuuta Okuya––

Reelection

Candidate for Director to be reelected

New election Candidate for Director to be newly elected
OutsideCandidate for outside Director

Independent

Candidate for independent officer(Note)The positions and responsibilities of the above candidates for Director in the Company are as of the date of the General
Meeting of Shareholders.

9Candidate
No.

Name
(Date of birth)

Career summary, position and responsibility in the Company,
and significant concurrent positions outside the Company
Apr. 2006

1

2

3

Notes:

Number of theCompany’s shares
ownedJoined General Secretariat of Fair Trade
Commission
Dec. 2009
Registered as an attorney at law
Jan. 2010
Lawyer at Mori, Hamada & MatsumotoAug. 2015
Covington & Burling LLP
Jan. 2016
Registered as an attorney of New York State
June 2016
U.S. Federal Trade Commission
Masayuki Atsumi
Sept. 2017
Registered as an attorney of the United(December 14, 1981)
Kingdom
Reelection–
Oct. 2017
General Manager of Compliance Research
OutsideDepartment of LIXIL Corporation
Independent
Jan. 2019
Lawyer at Miura&Partners (current position)
Sept. 2019
Part-time Lecturer of Graduate School of Law,
Kobe University
May 2022
Director (Audit and Supervisory Committee
Member) of the Company (current position)
June 2023
Outside Audit and Supervisory Board Memberof TOKAI Holdings Corporation (current
position)
Apr. 1989
Joined Toppan Printing Co., Ltd. (currently
TOPPAN Holdings Inc.)
Apr. 2002
Executive Director of Toppan Mind Wellness
Reiko Iwasaki
Co., Ltd. (currently TOPPAN Holdings Inc.)(October 25, 1965)
New election–
Jan. 2014
Representative Director
OutsideApr. 2022
Started human resource development consulting
Independent
business as a sole proprietor (current position)
June 2023
Outside Director of Advanex Inc. (current
position)
Apr. 1981
Joined Kahma Co., Ltd. (currently DCM Co.,Ltd.)
June 2006
Director, General Manager of System andLogistics Management Department
Mar. 2011
Executive Officer, General Manager of
Logistics and DB Management Department of
DMC Holdings Co., Ltd. (Seconded), andDirector of Kahma Co., Ltd. (currently DCM
Co., Ltd.)Mar. 2012
Executive Officer, General Manager of Systems
Yuuta Okuya
Management Department, and Director of(August 11, 1958)
Kahma Co., Ltd. (currently DCM Co., Ltd.)New election–
Mar. 2016
Executive Officer, General Manager of System
Outsideand Logistics Management Department, andIndependent
Director of DCM Kahma Co., Ltd. (currently
DCM Co., Ltd.)
June 2019
Executive Officer, General Manager
of System and Logistics Management
Department, and Director (with ManagingDirector status) of DCM Kahma Co., Ltd.
(currently DCM Co., Ltd.)Mar. 2021
In charge of special mission of DCM Co., Ltd.
July 2022
Representative of Office OKY (current
position)
1. There is no special interest between any of the candidates and the Company.
2. Masayuki Atsumi, Reiko Iwasaki and Yuuta Okuya are candidates for outside Director.
3. Masayuki Atsumi is currently an outside Director who is an Audit and Supervisory Committee Member of the Company,
and at the conclusion of this meeting, Mr. Atsumi’s tenure will have been two years.

104. Reasons for the election of each candidate for Director and the expected roles of outside Directors are as follows:(1) Masayuki Atsumi has never been involved in the management of a company except as an outside officer. However, he
has abundant operational experience as a lawyer in his areas of expertise, which are the Anti-Monopoly Act andgovernment relations, backed by a spirit of high legal compliance. The Company expects that he will audit and oversee
the Directors’ execution of duties from an objective and fair standpoint based on his strong insight, as well as strengthen
the Company’s risk management and compliance systems. For these reasons, he has been nominated as a candidate foroutside Director who is an Audit and Supervisory Committee Member.
(2) Reiko Iwasaki is well versed in human resources and diversity, provides consultation on topics including organizational
revitalization and next-generation leader development, and has ample knowledge as a corporate manager. The Company
expects that she will appropriately audit and oversee the Board of Directors of the Company based on an objective
viewpoint, and that she will have an effect on our employees’ work styles and women’s career development. For thesereasons, she has been newly nominated as a candidate for Director who is an Audit and Supervisory Committee Member.
(3) Yuuta Okuya has been working on the optimization of logistics and systems as a corporate manager in the home center
business for many years. Based on his abundant experience and insight into management, the Company expects that hewill play a sufficient role in decision-making regarding important management matters and supervision of businessexecution as an Audit and Supervisory Committee Member, as well as provide advice for the promotion of logistics
reform. For these reasons, he has been newly nominated as a candidate for Director who is an Audit and Supervisory
Committee Member.
5. Pursuant to the provisions of Article 427, paragraph (1) of the Companies Act, the Company has entered into an agreementwith Masayuki Atsumi to limit his liability for damages under Article 423, paragraph (1) of the Companies Act. The limitof the amount of liability for damages based on the agreement is the minimum liability amount provided for by Article
425, paragraph (1) of the same Act. If the election of Mr. Atsumi is approved, the Company plans to renew the
aforementioned agreement with him. If the elections of Reiko Iwasaki and Yuuta Okuya are approved, the Company plansto enter into the same limited liability agreement with them.
6. The Company has entered into a directors’ and officers’ liability insurance (“D&O insurance”) policy with an insurancecompany. Each of the candidates shall be named as an insured in said policy. Regarding the overview of the contents andother information of the D&O insurance policy, please refer to “2. Status of the Company; (3) Status of the Directors; (iii)
Directors’ and Officers’ Liability Insurance, etc.” (Japanese only) described in the Business Report. In addition, when thepolicy is renewed, the Company plans to renew the policy with the same terms.
7. The Company has submitted notification to the Tokyo Stock Exchange that Masayuki Atsumi has been designated as anindependent officer as provided for by the aforementioned exchange. If the reelection of Mr. Atsumi is approved, theCompany plans for his designation as an independent officer to continue. Furthermore, Reiko Iwasaki and Yuuta Okuya
also satisfy the conditions as independent officers as provided for by the Tokyo Stock Exchange, and if their elections areapproved, the Company plans to notify them as independent officers.

11

(Reference) Skill matrix of the Directors after the conclusion of the General Meeting of Shareholders
If Proposal 2 and Proposal 3 are approved at the General Meeting of Shareholders as originally proposed, thecandidates for Director (excluding Directors who are Audit and Supervisory Committee Members) and the candidates
for Director who is an Audit and Supervisory Committee Member are expected to bring their professional expertiseand provide contribution, particularly in the following areas:
Areas of major professional experience/ Areas where major contributions are expectedName

1

Katsuji
Sakamoto

2

Haruhiko
Sakamoto

3

Hiroyuki
Hoshino4

Toshiyuki
Suto

5

Kimitoshi
Ino

6

Yoshifumi
Sato

1

Masayuki
Atsumi2

Reiko
Iwasaki

3

Yuuta
Okuya

Audit and Supervisory Committee
MemberDirector

Candidate
No.

Position in the
Company
Representative
Director,
Chairman, andCEO
Representative
Director,
President, andCOO
Senior Managing
Director
General Manager
of Store
Development
Headquarters
Managing
Director
General Manager
of SalesHeadquarters
Director
General Manager
of Administration
Headquarters
Director
General Manager
of Home Center
Business
Department
Outside Director
Audit andSupervisory
Committee
MemberOutside Director
Audit andSupervisory
Committee
MemberOutside Director
Audit andSupervisory
Committee
MemberCorporate
Financial
Industry
Legalmanageaccounting
experienceaffairs
ment
/M&A

●

●

●

●

●

●

●

●

●

IT/DX

Personnel
anddiversity

●

●

●

●

●

●

●

●

●

●

●

●

●

●

12

●

●

●

●

ESG

●

●

●

●

Marketing

●

●

●

●

●

●

●

Proposal 4

Election of one (1) substitute Director who is an Audit and Supervisory Committee Member

As the appointment of the current substitute Director who is an Audit and Supervisory Board Member is effective
until the beginning of this General Meeting of Shareholders, the Company again proposes the election of one (1)substitute Director who is an Audit and Supervisory Committee Member to be ready to fill a vacant position should
the number of Directors who are Audit and Supervisory Committee Members fall below the number required by laws
and regulations.
In addition, the consent of the Audit and Supervisory Committee has been obtained for the submission of this proposal.
The candidate for substitute Director who is an Audit and Supervisory Committee Member is as follows:
Name(Date of birth)

Career summary, position and responsibility in the Company,
and significant concurrent positions outside the Company
Apr. 1972

Number of theCompany’s shares
ownedRegistered as an attorney at law
Lawyer at Katagiri Keiichi Law Office
Apr. 1975
Lawyer at Fujimaki Motoo Law Office(currently Fujimaki-Inui Law Office) (current
position)
Apr. 1993
Chairman of Niigata Bar Association
May 2002
Outside Audit & Supervisory Board Member of
Shiun Golf Club Co., Ltd.
Motoo Fujimaki–
Nov. 2010
Outside Audit & Supervisory Board Member of(January 1, 1946)
Green One Co., Ltd. (current position)
July 2017
Director of Social Welfare Corporation
Jyouyoukai (current position)
Dec. 2018
Outside Audit & Supervisory Board Member of
Kyowa Industrial Co., Ltd.
Mar. 2022
Director of General Incorporated Association
Honma Scholarship Foundation (current
position)
Notes: 1. The Company has entered into a legal advisory contract with Fujimaki-Inui Law Office represented by Motoo
Fujimaki. However, as the amount of annual advisory fee paid to the office is less than ¥2 million, the Company
has determined that his independence is sufficiently ensured.
2.Motoo Fujimaki is a candidate for substitute outside Director.
3.The Company has nominated Motoo Fujimaki as a candidate for substitute outside Director because he has indepth insights into corporate legal affairs from a professional perspective as a lawyer, and because it expects
that he can provide oversight, advice, etc. related to the execution of duties of Directors from an independent
standpoint based on this expertise and insight. Mr. Fujimaki has never been involved in the management of acompany except as an outside Audit & Supervisory Board Member. However, the Company judges he willappropriately fulfill his duties as an outside Director based on the above reasons.
4.If Motoo Fujimaki assumes position as a Director who is an Audit and Supervisory Committee Member, theCompany plans to enter into an agreement to limit his liability under Article 423, paragraph (1) of theCompanies Act to the minimum liability amount provided for by Article 425, paragraph (1) of the same Act.
5.The Company has entered into a directors’ and officers’ liability insurance (“D&O insurance”) policy with aninsurance company. If Motoo Fujimaki assumes position as a Director who is an Audit and Supervisory
Committee Member, he will be included in the insured.
Regarding the overview of the contents and other information of the D&O insurance policy, please refer to “2.
Status of the Company; (3) Status of the Directors; (iii) Directors’ and Officers’ Liability Insurance, etc.”(Japanese only) described in the Business Report.

13