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: 3423
June 12, 2023
To Our Shareholders:
Ichiro Miyahara,
President

SE Corporation
6-5-1, Nishi-shinjuku,
Shinjuku-ku, Tokyo

Notice of Convocation of
the 42nd Annual General Meeting of Shareholders
We are pleased to announce the 42nd Annual General Meeting of Shareholders of SE Corporation (the “Company”),
which will be held as described below.
In convening this General Meeting of Shareholders, the Company has taken measures to provide the information
contained in the Reference Documents for the General Meeting of Shareholders, etc. (matters to be provided
electronically) and posted them on each of the following websites.
Company website:
https://www.se-corp.com/ja/ir/stock/meeting.html (in Japanese)(Access the website above and click on the 42nd Annual General Meeting of Shareholders)
General Meeting of Shareholders information website:
https://d.sokai.jp/3423/teiji/ (in Japanese)
TSE website (Listed Company Search):https://www2.jpx.co.jp/tseHpFront/JJK010010Action.do?Show=Show (in Japanese)(Access the TSE website above, enter “SE” in the “Issue name (company name)” field or the Company securities
code “3423” in the “Code” field, and click “Search.” Then select “Basic information,” and “Documents for public
inspection/PR information,” and check the “Notice of General Shareholders Meeting/Informational Materials for a
General Shareholders Meeting” under “Filed information available for public inspection.”)If you are unable to attend the meeting in person, you may exercise your voting rights via the internet or in writing.
Please review the Reference Documents for the General Meeting of Shareholders before exercising your voting rights.
[Exercise of voting rights in writing]
Please indicate your approval or disapproval of each proposal on the enclosed voting form and send it by postal mailto arrive at the Company no later than 5:45 p.m., Tuesday, June 27, 2023 (JST).
If neither approval nor disapproval of a proposal is indicated on the voting form when exercising voting rights inwriting, it will be treated as a vote for approval.
[Exercise of voting rights via the Internet, etc.]
Please access the website for the exercise of voting rights designated by the Company (https://soukai.mizuhotb.co.jp/) and follow the instructions on the screen to enter your approval or disapproval of the proposals by 5:45
p.m. on Tuesday, June 27, 2023 (JST).
When exercising your voting rights via the Internet, etc., please refer to the “Information on Exercise of Voting Rights
via the Internet, Etc.” on page 5.

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1. Date and time:
2. Venue:

Wednesday, June 28, 2023, at 10:00 a.m. (JST)
Excellence, 27th floor, Hyatt Regency Tokyo
2-7-2, Nishi-shinjuku, Shinjuku-ku, Tokyo
3. Purpose of the Meeting:
Matters to Be Reported:
1. The Business Report and the Consolidated Financial Statements for the 42nd fiscal year (from April 1, 2022
to March 31, 2023), and the results of audits of the Consolidated Financial Statements by the Financial
Auditor and the Audit & Supervisory Board
2. The Non-consolidated Financial Statements for the 42nd fiscal year (from April 1, 2022 to March 31, 2023)
Matters to Be Resolved:
Proposal No. 1:
Appropriation of Surplus
Proposal No. 2:
Election of Nine Directors
For those attending the meeting on the day, please submit the enclosed voting form to the reception desk at the meeting.
If corrections to the matters to be provided electronically arise, a notice of the revisions and the details of the matters before and after
the revisions will be posted on the Company’s website (http://www.se-corp.com).
Paper-based documents stating the matters to be provided electronically will be delivered to all shareholders regardless of whether or
not delivery of the documents has been requested for this General Meeting of Shareholders. Among the matters to be provided
electronically, the following matters are not provided in the documents delivered to shareholders in accordance with the provisions oflaws and regulations and Article 15 of the Articles of Incorporation of the Company.
(1) Notes to Consolidated Financial Statements; (2) Notes to Non-consolidated Financial Statements
The Consolidated Financial Statements and Non-consolidated Financial Statements that are audited by the Audit & Supervisory Board
members in preparing the audit report and by the Financial Auditor in preparing the Financial Auditor’s reports include the “Notes toConsolidated Financial Statements” and the “Notes to Non-consolidated Financial Statements” above, in addition to the items listed in
the documents provided herein.

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Notice of Policy for Holding the General Meeting of Shareholders
The policy for holding the General Meeting of Shareholders is as follows.
We appreciate your understanding and cooperation.
1. The shareholders’ round-table meeting following the Annual General Meeting of Shareholders is also cancelled
this year.
2. The final decision on whether or not to wear masks as a measure against new coronavirus infection whenattending the meeting at the venue is left to the discretion of shareholders, but we request that attendees wear
masks where possible, out of consideration for the impact on other shareholders.
3. Directors, Audit & Supervisory Board members, and management members attending the Annual General
Meeting of Shareholders will wear masks.
4. No souvenirs will be provided this year.

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Information on Exercise of Voting Rights
Exercise of voting rights at the Company’s General Meeting of Shareholders is shareholders’ important right.
Please exercise your voting rights after reviewing the attached Reference Documents for the General Meeting of
Shareholders.
There are three methods to exercise your voting rights as indicated below.
Exercise of voting rights by attending the Annual General Meeting of Shareholders
You are kindly requested to exercise your voting rights by submitting the enclosed voting form to the reception desk
at the meeting.
Date and time:
Wednesday, June 28, 2023, at 10:00 a.m. (JST)Exercise of voting rights in writing (by postal mail)Please indicate your approval or disapproval of each proposal on the enclosed voting form and return the completed
form.
Deadline for the exercise of voting rights by postal mail:To be received no later than 5:45 p.m., Tuesday, June 27, 2023 (JST)Exercise of voting rights via the Internet, etc.
Please enter your approval or disapproval of each proposal following the instructions on the next page.
Deadline for the exercise of voting rights via the Internet:
All data entry to be completed no later than 5:45 p.m., Tuesday, June 27, 2023 (JST)How to Fill Out Your Voting Form
Please indicate your approval or disapproval of each proposal.
Proposal No. 1:
To mark your approval
Circle “Approve.”
To mark your disapproval
Circle “Disapprove.”
Proposal No. 2
To mark your approval for all candidates
Circle “Approve.”
To mark your disapproval for all candidates
Circle “Disapprove.”
To mark your disapproval for certain candidates
Circle “Approve” and write the number of the candidate(s) you
wish to disapprove.
Please note that your online vote will prevail should you exercise your voting rights both in writing (by postal mail)and via the Internet, etc. If you exercise your voting rights more than once via the Internet, etc., only the last voteshall be deemed effective.

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Information on Exercise of Voting Rights via the Internet, Etc.
Method 1: Scanning the Login QR Code “Smart
Vote”
You can simply log in to the website for exercising
voting rights without entering your voting code andpassword.

Method 2: Entering the Voting Code and Password
Website for the exercise of voting rights:
https://soukai.mizuho-tb.co.jp/

1

2

2

1

Please scan the QR Code provided at the bottom
right of the voting form.
* “QR Code” is a registered trademark of DENSOWAVE INCORPORATED.
Please enter your approval or disapproval byfollowing the instructions shown on the screen.

3
4

Please access the website for the exercise of voting
rights.
Please enter the voting code given on the voting
form.
Please enter the password given on the voting form.
Enter your approval or disapproval by following the
instructions shown on the screen.

Please note that exercising voting rights by using “Smart Vote” method is available only once.
If you need to make a correction to the content of your vote after you have exercised your voting rights, please accessthe website for personal computer and log in by entering your voting code and password printed on the voting form,and exercise your voting rights again.
* You can access the website for personal computers by scanning the QR Code again.
In case you need instructions for how to operate your personal computer, smartphone or mobile phone in order toexercise your voting rights via the Internet, please contact:
Stock Transfer Agency Department, Mizuho Trust & Banking Co., Ltd. Internet Help Dial
0120-768-524(Business hours: 9:00 a.m. – 9:00 p.m. (JST))
Institutional investors may use the Electronic Voting Platform for institutional investors operated by ICJ, Inc.

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

Appropriation of Surplus

The Company proposes the appropriation of surplus as follows:
Year-end dividends
The Company intends to pay a year-end dividend by comprehensively taking into consideration its businessperformance, internal reserves for future business development, maintenance of stable dividends, among otherfactors.
The Company proposes to pay a year-end dividend for the fiscal year of ¥13 per share.
(1) Type of dividend property
To be paid in cash.
(2) Allotment of dividend property and their aggregate amountThe Company proposes to pay a dividend of ¥13 per common share of the Company.
In this event, the total dividends will be ¥392,704,936.
(3) Effective date of dividends of surplus
The effective date of dividends will be June 29, 2023.

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Proposal No. 2:
Election of Nine Directors
The terms of office of all nine directors will expire at the conclusion of this General Meeting of Shareholders, andthe Company therefore proposes the election of nine directors again.
The candidates for Director are as follows:
Candidate
No.

Name(Date of birth)

Career summary, position and responsibility in the Company(Significant concurrent positions outside the Company)
Dec. 1981
Apr. 2009

Mineo Morimoto(August 28, 1933)

1

Founded the Company, President
Director of Asahi Kogyo Co., Ltd. (currently
A&K HONSYU Corporation)
Jan. 2010
Director of KYOEI Corporation (currently
A&K HONSYU Corporation) (incumbent)
May 2012
Director of SE Repair Co., Ltd. (incumbent)
June 2013
President and President Executive Officer of
the Company
Apr. 2014
Director of Tekken Industrial Corporation(currently SE Tekken Corporation)
Apr. 2015
Director of Morita Kosan Corporation(currently SE Tekken Corporation) (incumbent)
June 2015
Representative Director, Chairman andExecutive Officer Chairman of the Company,
CEO of SE Group (incumbent)
Dec. 2015
Director of Nakagawa Iron Works Corporation(currently SE Tekken Corporation)(Significant concurrent positions outside the Company)
June 2001
President and Representative Director of
Ingérosec Corporation
June 2008
Chairman and Representative Director of
Ingérosec Corporation
May 2014
Director CEO (Chief Executive Officer) ofIngérosec Corporation (incumbent)

Number of theCompany’s shares
owned

74,000Reasons for Election
Mineo Morimoto has over 40 years of management experience as a Representative Director of the Company, and awealth of experience and accomplishments. As the current Representative Director and Chairman, he provides advice
on overall management, including on that of the Group companies, from a sound perspective backed by experience. He
is elected as a Director because his appropriate fulfillment of duties, including decision-making on important mattersand guidance and supervision of business execution, contributes to the enhancement of the corporate value of theCompany.

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Candidate
No.

Name
(Date of birth)

Career summary, position and responsibility in the Company(Significant concurrent positions outside the Company)
Apr. 1977
Apr. 2009

June 2013

Ichiro Miyahara(May 23, 1954)

June 2017
Oct. 2017
Apr. 2018
June 20182

June 2019
June 2019
June 2019
June 20193

Joined Mitsubishi Corporation
Senior Vice President and Division COO of
Real Estate Development & Construction
Division
Director and Vice President of ASAHIKIZAI
CO., LTD.
AdvisorAdvisor of the Company
Executive Officer and General Manager ofCorporate Planning OfficeDirector, Executive Officer and General
Manager of Corporate Planning OfficeDirector of A&K HONSYU Corporation(incumbent)
Director of SE Repair Co., Ltd. (incumbent)
Director of SE Tekken Corporation (incumbent)
President and President Executive Officer and
COO of the Company (incumbent)

Number of theCompany’s shares
owned

107,800

Reasons for Election
Ichiro Miyahara has many years of experience at general trading companies in the field of development andconstruction business, as well as extensive experience and expertise in company management and overseas business.
Since joining the Company, he has performed his duties from a sound perspective while working on various
management issues as the General Manager of Corporate Planning Office. He is elected as a Director because his strong
leadership continues to contribute to the enhancement of the corporate value of the Company.
Oct. 2007
Executive Officer, Executive Vice President &Director of Mitsubishi Corporation Urban
Development, Inc.
June 2008
Executive Officer and Executive Vice President
Jan. 2010
Joined SE Asahi Inc. (currently A&K
HONSYU Corporation)
June 2010
Senior Managing Director
Jan. 2012
Senior Managing Director of SE A&K
Nobuyuki Kushida
183,000
Corporation (currently A&K HONSYU(February 22, 1949)
Corporation)
June 2012
President and Representative Director(incumbent)
June 2019
Director and Executive Officer of the Company
June 2021
Director and Senior Managing Executive
Officer (Production)
Apr. 2023
Director and Senior Managing Executive
Officer (Group Supervision) (incumbent)
Reasons for Election
Nobuyuki Kushida has been involved in the management of Group companies and has extensive experience andknowledge of corporate management. As the current President of a Group company, he is steadily increasing sales
performance and contributing to the establishment of company structures. He is elected as a Director because
incorporating his experience and accomplishments into Company management contributes to the enhancement of thecorporate value of the Company.

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Candidate
No.

Name
(Date of birth)

Career summary, position and responsibility in the Company(Significant concurrent positions outside the Company)
July 1987
Oct. 1996
Oct. 2005
June 2013
Apr. 2014

Apr. 2017
Hisahiro Nojima(September 29, 1961)

Apr. 2018
June 20194
June 2019
Apr. 2020

June 2021

5

Joined Local Bank Life Insurance Residential
Mortgage Corporation
Joined the Company
General Manager of General Affairs
Department of the Administrative Division
Auditor of Ingérosec Corporation
Deputy General Manager of the Administrative
Division and General Manager of General
Affairs Department of the Company
Executive Officer and Deputy General Managerof the Administrative Division and General
Manager of General Affairs Department
Director of A&K HONSYU Corporation(incumbent)
Director, Executive Officer and General
Manager of the Administrative Division andGeneral Manager of General Affairs
Department of the Company
Director of Ingérosec Corporation (incumbent)
Director, Executive Officer and General
Manager of the Administrative Division of theCompany
Director, Managing Executive Officer(Administration), and General Manager of the
Administration Division (incumbent)

Number of theCompany’s shares
owned

52,000Reasons for Election
Hisahiro Nojima has expertise in financial accounting. Since joining the Company, he has deepened his knowledge of
the Company’s business through his involvement in financial accounting, legal and risk management, and personnel
and labor affairs. He has also been involved in the management of Group companies by concurrently serving as a
Director of a Group company. As General Manager of the Administrative Division, he is currently strengthening theadministrative structure. He is elected as a Director because incorporating his broad experience and knowledge into the
management of the Company contributes to the enhancement of the corporate value of the Company.
July 2004
Joined Micro Denshi Co., Ltd.
General Manager of Development Department
Aug. 2010
Joined the Company
Apr. 2012
General Manager in charge of New ProductDevelopment Department
Jan. 2017
General Manager of Technology andDevelopment Department
Tsutomu Takizawa
31,000June 2017
Executive Officer and General Manager of(October 12, 1952)
Innovation Development Department
June 2019
Director, Executive Officer and General
Manager of Atsugi Research Institute andInnovation Development Department
Oct. 2019
Director, Executive Officer and General
Manager of Atsugi Research Institute(incumbent)
Reasons for Election
Tsutomu Takizawa has been active as a researcher for many years and has continued to devote himself to research anddevelopment after joining the Company. He is elected as a Director because his experience and knowledge as a
researcher and his ability to incorporate new ideas into the Company’s management without being bound by existing
concepts contributes to the enhancement of the corporate value of the Company.

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Candidate
No.

Name
(Date of birth)

Career summary, position and responsibility in the Company(Significant concurrent positions outside the Company)
Apr. 1998
Apr. 2015
June 2017
Oct. 2018

Masahiko Komatsu(May 13, 1974)

Apr. 2020
June 2020

6
June 2021
Apr. 2023

7

Joined the Company
General Manager of the Osaka Branch of theSales Management Division
Executive Officer and General Manager of the
Osaka Branch of the Sales Division
Executive Officer, Deputy General Manager of
the Sales Division and General Manager of the
Osaka Branch
Executive Officer and General Manager of theSales Division
Director, Executive Officer and General
Manager of the Sales Division
Director, Executive Officer (sales), and General
Manager of the Sales Division
Director, Executive Officer (sales), General
Manager of the Sales Division, and General
Manager of the ESCON business (incumbent)

Number of theCompany’s shares
owned

23,000Reasons for Election
Masahiko Komatsu has been engaged in product sales operations since joining the Company and has extensive
experience and knowledge of sales and marketing strategy. As the current General Manager of the Sales Division, heoversees the Sales Department and plays a central role in strengthening the technical sales and sales management
systems for the sales of Company products. He is elected as a Director because incorporating his experience andaccomplishments into Company management contributes to the corporate value of the Company.
Aug. 1994
Joined the Company
Apr. 2009
General Manager of Yamaguchi Plant of the
Production Division
Apr. 2014
Representative Director of Tekken Industrial
Corporation (currently SE Tekken Corporation)
Apr. 2015
Executive Officer, General Manager of the
Production Division, and General Manager of
Yamaguchi Plant of the Company
Apr. 2015
Director of Morita Kosan Corporation(currently SE Tekken Corporation)
July 2015
President of SE Tekken Corporation
Masashi Ichikawa
6,000(incumbent)(April 22, 1968)
Dec. 2015
President of Nakagawa Iron Works Corporation(currently SE Tekken Corporation)
Apr. 2016
Executive Officer and General Manager of the
Production Division of the Company
June 2017
Director, Executive Officer, General Managerof the Production Division
June 2019
Executive Officer
June 2022
Director and Executive Officer
Apr. 2023
Director and Executive Officer (Production)(incumbent)
Reasons for Election
Masashi Ichikawa has been engaged product manufacturing operations since joining the Company and has expertise in
the manufacturing of civil engineering construction materials. He has a proven track record in management, having
served for many years as the general manager of the Company’s Yamaguchi Plant. He is currently the President of aGroup company, he is elected as a Director because his extensive experience and knowledge in many fields, including
sales, enable him to execute his duties appropriately as a Director.

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Candidate
No.

Name
(Date of birth)

Career summary, position and responsibility in the Company(Significant concurrent positions outside the Company)
Apr. 1967
Mar. 2000
Mar. 2002
Mar. 2004
Apr. 2009
Apr. 2010

Toshiaki Oka(January 3, 1944)

Apr. 2011
Apr. 20128
June 2012
June 2015
Apr. 2019
Mar. 2021

9(Notes) 1.
2.
3.

4.
5.

Joined Sapporo Breweries Limited
Director
Senior Managing Director
President and Representative Director of
Sapporo Beverage Co., Ltd.
Visiting Professor of Gunma University
Professor of Economics and Management
School of Nagaoka University
Director of Otsuma Gakuin Educational
Institution
Director of Japan Olive Association(incumbent)
External Director of Haruna Beverage Inc.
(incumbent)
Outside Director of the Company (incumbent)
Representative Director of Japan Sales Science
Association (incumbent)
Representative Director of Incorporated
Association Haruna Art Museum (incumbent)

Number of theCompany’s shares
owned

0

Reasons for Election
Toshiaki Oka has been engaged in the management of general business companies for many years and has extensive
knowledge and experience. He is elected as a Director because it is determined that his role and function of executing
operations from a fair and neutral standpoint with a high degree of independence are sufficiently secured.
Apr. 1977
Joined Maruboshi Co., Ltd.
Sept. 1985
Joined Japan Time Share Corporation
Jan. 1990
Director of AT&T Jens Corporation
Dec. 1999
Representative Director and Vice President of
Global Crossing Japan KK
Nov. 2002
Managing Executive Officer of Vodafone K.K.
Nov. 2006
Managing Executive Officer of SoftBank
Mobile Corp.
Nov. 2008
Senior Managing Director of INTEC Inc.
Naoya Hirano
0(June 23, 1951)
Apr. 2013
Director of SIGMAXYZ Inc.
June 2016
Director and Chairman of IUK Inc.
July 2018
President and Representative Director of Fild
Consulting Group (incumbent)
July 2018
Director of Genext Corporation
Aug. 2018
Director of MPG Co., Ltd.
June 2019
Director of IT Coordinators Association(incumbent)
June 2019
Outside Director of the Company (incumbent)
Reasons for Election
Naoya Hirano has been engaged in the management of general business companies for many years and has extensive
knowledge and experience. He is elected as a Director because his role and function of executing business from a fairand neutral standpoint with a high degree of independence are sufficiently secured.
There is no special interest between any of the candidates for Director and the Company.
Toshiaki Oka and Naoya Hirano are candidates for outside Director.
If Toshiaki Oka and Naoya Hirano are elected as proposed and assume office as outside Directors, the Company plans tosubmit notification to Tokyo Stock Exchange, Inc. that they are designated as independent officers in accordance with theregulations of this exchange.
Toshiaki Oka has been a Director of the Company for eight years and Naoya Hirano has been a Director of the Company
for four years.
The reasons for nominating Toshiaki Oka and Naoya Hirano as candidates for outside Director are as follows:
The Company proposes the election of Toshiaki Oka as he is currently an outside Director of the Company and has long
been engaged in the management of Sapporo Breweries Limited and Sapporo Beverage Co., Ltd., with a high level ofknowledge in management, and is capable of providing useful advice.

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The Company proposes the election of Naoya Hirano as he is currently an outside Director of the Company and has long
been involved in management as a director and executive officer of several companies, including AT&T Jens Corporation,and has a high level of knowledge in management and is capable of providing useful advice.
6. The outline of the contents of the limited liability agreement with the outside Directors is as follows:
Pursuant to Article 427, paragraph (1) of the Companies Act, it is stipulated that the Company may enter into an agreementwith outside Directors to limit their liability for damages as provided in Article 423, paragraph (1) of the said Act.
The maximum amount of liability under the said agreement is the minimum liability amount stipulated by laws andregulations.
If the election of Toshiaki Oka and Naoya Hirano is approved as proposed and they are appointed as outside Directors,
the Company plans to continue the said agreement with them.
7. The Company has concluded a directors and officers liability insurance policy with an insurance company as stipulated
in Article 430-3, paragraph (1) of the Companies Act. An outline of the contents of the said insurance policy is describedin “2. (2) (iv) Outline of contents of directors and officers liability insurance policy, etc.” in the Business Report.
If the election of the candidates for Director is approved, they will continue to be included as insureds under the insurance
policy.
The insurance policy is scheduled to be renewed with the same terms and conditions at the next renewal.

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