Note: This document has been translated from a part of the original in Japanese for reference purposes only. In the event of any
discrepancy between this translated document and the original in Japanese, the original shall prevail.

Securities code: 3946
Date of sending by postal mail: June 5, 2023
Start date of measures for electronic provision: June 2, 2023
To our shareholders:
Mitsuo Nakahashi
President & Chief Executive Officer
Tomoku Co., Ltd.
2-2-2 Marunouchi, Chiyoda-ku, TokyoNOTICE OF THE 84TH ANNUAL GENERAL MEETING OF SHAREHOLDERS
Tomoku Co., Ltd. (the “Company”) hereby announces that the 84th Annual General Meeting of Shareholders will beheld as described below.
When convening this Annual General Meeting of Shareholders, the Company takes measures for providing reference
documents for the General Meeting of Shareholders, etc. (items for which measures for providing information inelectronic format are taken) in electronic format, and posts the items on the following websites. Please access any of
the websites.
The Company’s website:
https://www.tomoku.co.jp/ (in Japanese)(Access the above website and select the following documents under “TOPICS”: “Notice of the 84th Annual General
Meeting of Shareholders,” “Report for the 84th Fiscal Year (paper-based documents delivered to shareholders)” and“Items for which measures for providing information in electronic format are to be taken for the Notice of the 84th
Annual General Meeting of Shareholders. (items excluded from paper-based documents delivered to shareholders)”)
Website for Materials for the General Meeting of Shareholders:
https://d.sokai.jp/3946/teiji/ (in Japanese)
If you plan to attend the meeting, please submit the enclosed Voting Rights Exercise Form to the receptionist at themeeting.
If you are unable to attend the meeting in person, you may exercise your voting rights in writing or via the internet,
etc. Please exercise your voting rights no later than 6:00 p.m., Thursday, June 22, 2023 (Japan Standard Time).
1 Date and Time: Friday, June 23, 2023, at 10:00 a.m. (Japan Standard Time)
2 Venue:
Marunouchi Mitsui Building 4F, Company’s Conference Room
2-2-2 Marunouchi, Chiyoda-ku, Tokyo
3 Purposes:
Items to be reported:
1. Business Report and Consolidated Financial Statements for the 84th fiscal year (from April 1, 2022 toMarch 31, 2023), as well as the results of audit of the Consolidated Financial Statements by the Financial
Auditor and the Audit & Supervisory Board
2. Non-Consolidated Financial Statements for the 84th fiscal year (from April 1, 2022, to March 31, 2023)
Items to be resolved:
Proposal 1: Election of Nine Directors
Proposal 2: Election of One Audit & Supervisory Board Member
Proposal 3: Election of One Substitute Audit & Supervisory Board Member
4 Information on Exercise of Voting Rights, Etc.
Please refer to “Information on the Exercise of Voting Rights, Etc.” on pages 12 to 15 (available in Japanese only).

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In accordance with a revision of the Companies Act, the Company in principle asks our shareholders to visit
the above mentioned websites to access items for which measures for providing information in electronic
format are taken and then give us feedback. We will provide such items in written documents only for those
who have requested to do so by the deadline. At this General Meeting of Shareholders, however, we have sent
written documents with items for which the Measures to Provide Information in Electronic Format are taken
to all shareholders regardless of their requests. The following information is omitted out of items for whichmeasures for providing information in electronic format according to the laws and regulations and Article 12of the Company’s Articles of Incorporation.
(1) Notes to the Consolidated Financial Statements (2) Notes to the Non-Consolidated Financial Statements
These items are included in the Consolidated Financial Statements and Non-Consolidated Financial
Statements audited by the Financial Auditor or the Audit & Supervisory Board Members in preparing their
Audit Reports.
If revisions to the items for which measures for providing information in electronic format are taken arise, a
notice of the revisions and the details of the items before and after the revisions will be posted on the
Company’s aforementioned website.

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Reference Documents for the General Meeting of Shareholders
Proposal 1:

Election of Nine Directors

At the conclusion of this meeting, the terms of office of the nine Directors, Mitsuo Nakahashi, Shoji Hirose,
Yoshiyuki Kurihara, Terutaka Fukazawa, Yoshito Yamaguchi, Hidetoshi Murai, Toshihiko Nagayasu, Mito
Shimonaka and Tetsuya Kobayashi will expire. Therefore, the Company proposes the election of nine Directors.
The candidates for Director are as follows:
Candidate
No.

Name

Current position

Responsibility in the Company and significant
concurrent positions

1

Mitsuo Nakahashi

President & Chief
Executive Officer

2

Shoji Hirose

Director
Senior Managing
Executive Officer

General Manager of Sales Div.
General Director of Tomoku Vietnam Co., Ltd.

3

Yoshiyuki Kurihara

Director
Senior Managing
Executive Officer

General Manager of Administration Div.
General Manager of Logistics & Procurement Dept.
Reelection
and General Manager of Housing Material Dept. of
the Company

4

Takeshi Ariga

Managing
Executive Officer

General Manager of Production Div.

New election

5

Terutaka Fukazawa

Director
Managing
Executive Officer

Deputy General Manager of Sales Div.
Manager of Tokyo Sales Dept. /Manager of Sales Development Dept.

Reelection

6

Yoshito Yamaguchi

Director
Managing
Executive Officer

Deputy General Manager of Administration Div.

Reelection

7

Toshihiko Nagayasu External Director

Chairman of NTS Holdings Company, Limited

Reelection
External
Independent

Attributes
Reelection
Reelection

8

Mito Shimonaka

External Director

Reelection
Representative Director and President of Heibonsha
External
Ltd.
Independent

9

Tetsuya Kobayashi

External Director

Reelection
External
Independent

New election

Director candidate up for new election

Reelection
External

Director candidate up for reelection
External Director candidate

Independent

Independent Officer as provided for by the Tokyo Stock Exchange’s regulations-3-

Number of the Company’s
Attendance at Board of
shares owned
Directors meetings
27,500 shares
13/13
Career summary and position and responsibility in the Company (significant
concurrent positions)Apr. 1975
Joined the Company
Apr. 2000
General Manager of Sendai Works of the Company
Jun. 2008
Executive Officer and General Manager of Minami-Kanto Sales
Reelection
Dept. of the Company
Mitsuo Nakahashi
Jun. 2010
Director and Manager of Tokyo Sales Dept. and General Manager(May 25, 1952)
of Sales Development Dept. of the Company
Jun. 2012Managing Director and General Manager of Sales Div. of the1
Company
Jun. 2018
President & Chief Operating Officer of the Company
Jun. 2022
President & Chief Executive Officer of the Company (current
position)[Reasons for nomination as candidate for Director]
Since joining the Company, Mitsuo Nakahashi has served in the corrugated packaging sales department, and after
beginning to participate in the Company’s management as a Director in 2010, from 2018 as Representative Director, he
has exercised strong leadership and contributed to business expansion. Based on his expert abilities and insight, as well
as abundant experience, we expect he will contribute to increasing the group’s sustainable corporate value and haverenominated him as a candidate for Director.
Number of the Company’s
Attendance at Board of
Candidate
Name
Tenure as Director
shares owned
Directors meetings
No.
(Date of birth)
21 years
34,000 shares
13/13
Career summary and position and responsibility in the Company (significant
concurrent positions)Mar. 1975
Joined the Company
Oct. 1997
General Manager of Engineering Dept. of the Company
Jun. 2000
Executive Officer and General Manager of Tatebayashi Works of
the Company
Jun. 2002
Director and General Manager of Tatebayashi Works of theCompany
Reelection
Jun. 2012Managing Director, General Manager of Production Div. andShoji Hirose
General Manager of Engineering Development Dept. of the(January 8, 1957)
Company
Apr. 2016
Managing Director and General Manager of Production Div. of2
the Company
Apr. 2016
General Director of Tomoku Vietnam Co., Ltd. (current position)
Jun. 2018
Managing Director and General Manager of Sales Div. of theCompany
Jun. 2022
Director, Senior Managing Executive Officer and General
Manager of Sales Div. of the Company (current position)[Reasons for nomination as candidate for Director]
Since joining the Company, Shoji Hirose has served in the corrugated packaging management and production
department and since being appointed Director in 2002 has made large contributions to improved transactional
conditions and expanded the scope of business as General Manager of the Production Div. and since 2018 as General
Manager of the Sales Div. From 2016, he has concurrently served as General Director of an overseas subsidiary, andfrom his abundant experience and results, we deem he is essential to the Company’s management and have renominatedhim as a candidate for Director.
Candidate
No.

Name(Date of birth)

Tenure as Director
13 years-4-

Number of the Company’s
Attendance at Board of
shares owned
Directors meetings
35,600 shares
13/13
Career summary and position and responsibility in the Company (significant
concurrent positions)Apr. 1974
Joined the Company
Apr. 1995
General Manager of Yamagata Works of the Company
Oct. 1999
General Manager of General Affairs Dept. of the Company
Jun. 2002
Executive Officer and General Manager of General Affairs Dept.
of the Company
Jun. 2004
Director and General Manager of General Affairs Dept. of theReelection
Company
Yoshiyuki Kurihara
Apr.
2016
Directorand in charge of General Affairs Dept. of the Company(January 20, 1954)
General Manager of Logistics & Procurement Dept. and General
Manager of Housing Material Dept. of the Company (current
3
position)
Jun. 2018
Managing Director and General Manager of Administration Div.
of the Company
Jun. 2022
Director, Senior Managing Executive Officer and General
Manager of Administration Div. of the Company (current
position)[Reasons for nomination as candidate for Director]
Since joining the Company, Yoshiyuki Kurihara has served in the corrugated packaging management department, andutilizing his broad knowledge cultivated at Yamagata Works and the General Affairs Dept., since 2016 he has worked
diligently to improve materials purchasing and logistics as General Manager of the Logistics & Procurement Dept., andfrom 2018, he has contributed to enhancing corporate value as the General Manager of the Administration Div. We
deem that his experience and knowledge will continue to be essential to the Company’s management and haverenominated him as a candidate for Director.
Number of the Company’s
Attendance at Board of
Candidate
Name
Tenure as Director
shares owned
Directors meetings
No.
(Date of birth)- years
11,730 shares-/Career summary and position and responsibility in the Company (significant
concurrent positions)Apr. 1981
Joined the Company
Feb. 2002
General Manager of Yamagata Works of the Company
Apr. 2003
General Manager of Chiba Folding Carton Works of theCompany
New election
Feb. 2006
General Manager of Atsugi Works of the Company
Takeshi Ariga
Jun. 2010
Executive Officer and General Manager of Iwatsuki Works of the(June 5, 1957)
Company
Jun. 2012
Director and General Manager of Iwatsuki Works of the
4
Company
Jun. 2018
Director and General Manager of Production Dept. of theCompany
Jun. 2022
Managing Executive Officer and General Manager of Production
Div. of the Company (current position)[Reasons for nomination as candidate for Director]
Takeshi Ariga has abundant experience and knowledge mainly in the corrugated packaging and folding carton
production department and has worked in factory operations of the Company’s core factory while also driving thegroup’s production management department, and he has contributed to increased productivity and improved quality as
General Manager of the Production Div. since 2018. We deem that his experience and knowledge, as well as leadershipability, will continue to be essential to the Company’s management and have nominated him as a candidate for Director.
Candidate
No.

Name(Date of birth)

Tenure as Director
19 years-5-

Number of the Company’s
Attendance at Board of
shares owned
Directors meetings
9,500 shares
13/13
Career summary and position and responsibility in the Company (significant
concurrent positions)Apr. 1987
Joined the Company
Feb. 2006
General Manager of Sales Dept. II of the Company
Jun. 2012
Executive Officer and General Manager of Sales Dept. II of theCompany
Jun. 2017
Executive Officer and Deputy General Manager of Sales Div. of
the Company
Jun.
2020
Directorand Deputy General Manager of Sales Div. of theReelection
Company
Terutaka Fukazawa
Manager of Tokyo Sales Dept. and General Manager of Sales(February 7, 1964)
Development Dept. of the Company
Jun. 2022
Director, Managing Executive Officer and Deputy General
5Manager of Sales Div. of the Company
Manager of Tokyo Sales Dept. and General Manager of Sales
Development Dept. of the Company
Sep. 2022
Director, Managing Executive Officer and Deputy General
Manager of Sales Div. of the Company
Manager of Tokyo Sales Dept. and Manager of Sales
Development Dept. of the Company (current position)[Reasons for nomination as candidate for Director]
Terutaka Fukazawa has abundant experience and knowledge in the corrugated packaging sales department. After being
appointed Executive Officer in 2012, he has been in charge of the product development department and currently ismanager of the sales department. Through his numerous achievements and experience of accurately understanding theneeds of customers and turning these into commercial products, we expect that he will contribute to the development of
new business opportunities, and we deem that he will be essential to increasing the group’s sustainable corporate valueand have renominated him as a candidate for Director.
Number of the Company’s
Attendance at Board of
Candidate
Name
Tenure as Director
shares owned
Directors meetings
No.
(Date of birth)
3 years
11,000 shares
13/13
Career summary and position and responsibility in the Company (significant
concurrent positions)Mar. 1985
Joined Toyo Unyu Sohko Co., LTD. (currently Tohun Co., Ltd.)
Jul. 2001
General Manager of Accounting Dept. of Tohun Service Co., Ltd.
(currently Tohun Co., Ltd.)
Jun. 2005
Executive Officer and General Manager of Accounting Dept. ofTohun Service Co., Ltd. (currently Tohun Co., Ltd.)
Aug. 2008
Seconded to the Company as General Manager of Accounting
Reelection
Dept.
Yoshito Yamaguchi
Jun. 2012
Executive Officer and General Manager of Accounting Dept. of(November 27, 1964)
the Company
Jun. 2020
Director and General Manager of Accounting Dept. of theCompany
6Jun. 2022
Director, Managing Executive Officer and Deputy General
Manager of Administration Div. and General Manager of
Accounting Dept. of the Company
Sep. 2022
Director, Managing Executive Officer and Deputy General
Manager of Administration Div. of the Company (current
position)[Reasons for nomination as candidate for Director]
Yoshito Yamaguchi has been General Manager of the accounting department of the Company since 2008, and he hasabundant business experience and a wide range of knowledge related to accounting and finance. After being appointed
Executive Officer in 2012, he has been working to improve the Company’s IR system. He is well versed in the businessof the group, and we deem that his swift and agile business execution that utilizes his experience will be essential forfurther enhancement of the management system of the Company and the group and have renominated him as a
candidate for Director.
Candidate
No.

Name(Date of birth)

Tenure as Director
3 years-6-

Number of the Company’s
Attendance at Board of
shares owned
Directors meetings
12,400 shares
13/13
Career summary and position and responsibility in the Company (significant
concurrent positions)Apr. 1981
Joined The Hokkaido Takushoku Bank, Ltd.
Reelection
Nov. 1998
Joined The Chuo Trust & Banking Co., Ltd.
External
IndependentOct. 2002
Joined Nittele Credit Collection Co., Ltd.
Toshihiko Nagayasu
Jun. 2012
President of Nittele Credit Collection Co., Ltd.
(July 18, 1957)
Jan. 2014
President of NTS Holdings Company, Limited
Jun.
2016
External
Director of the Company (current position)
7
Jun. 2021
Chairman of NTS Holdings Company, Limited (current position)[Reasons for proposing as candidate for external Director and expected roles]
Toshihiko Nagayasu has fully exercised his role as external Director of the Company, such as by providing objective
and valuable advice from a perspective of corporate management at meetings of the Board of Directors, based on his
abundant experience and knowledge in corporate management. He has been playing an important role as chair of Boardof Directors of the Company since June 2022. As chair of a remuneration committee and a nomination committee, headequately involves and provides advice in discussing important matters. The Company therefore, has decided torenominate him as a candidate for external Director.
Number of the Company’s
Attendance at Board of
Candidate
Name
Tenure as Director
shares owned
Directors meetings
No.
(Date of birth)
3 years
400 shares
12/13
Career summary and position and responsibility in the Company (significant
concurrent positions)Apr. 1978
Joined Bunka Gakuen Bunka Publishing Bureau
Reelection
Oct. 1995
Joined Heibonsha Ltd.
External
Independent
Jun. 2003
Chief Editor of Heibonsha Ltd.
Mito ShimonakaJun. 2014
Representative Director and President of Heibonsha Ltd. (current(February 4, 1956)
position)
8Jun. 2020
External Director of the Company (current position)
Jun. 2021
External Director of AGS Corporation (current position)[Reasons for proposing as candidate for external Director and expected roles]
Mito Shimonaka has abundant experience and broad insight as a business owner in the publishing industry. Through her
useful remarks in meetings of the Board of Directors on the Company’s overall management from an objective andneutral standpoint and based on a multifaceted female perspective, we expect that she will contribute to increasing thegroup’s sustainable corporate value and to further enhancing the management system of the Company and haverenominated her as a candidate for external Director.
Number of the Company’s
Attendance at Board of
Candidate
Name
Tenure as Director
shares owned
Directors meetings
No.
(Date of birth)
1 year1,000 shares
10/10
Career summary and position and responsibility in the Company (significant
concurrent positions)Mar. 1969
Joined Imperial Hotel, Ltd.
Reelection
Jun. 1998
Director of Imperial Hotel, Ltd.
External
Jun. 2001
Vice-President of Imperial Hotel, Ltd.
Independent
Jun. 2004
President of Imperial Hotel, Ltd.
Tetsuya Kobayashi
Apr. 2013
Chairman of Imperial Hotel, Ltd.
(June 21, 1945)
Apr. 2020
Director of Imperial Hotel, Ltd.
9
Jun. 2020
Executive Advisor to Imperial Hotel, Ltd.
Jun. 2022
External Director of the Company (current position)[Reasons for proposing as candidate for external Director and expected roles]
Tetsuya Kobayashi has global knowledge, a wealth of experience and wide-ranging insights from his successive
positions, such as President and Chairman, at Imperial Hotel, Ltd. Through his valuable opinions and insights on the
Company’s overall management from an objective a neutral standpoint as well as from a perspective of service sector,
which is different from ours. We expect that he will contribute to enhancing the Company’s management system further
as well as deepening and broadening our sustainable corporate value improvement. The Company, therefore, hasdecided to renominate him as a candidate for external Director.
CandidateNo.

Notes:

Name(Date of birth)

Tenure as Director
7 years

1. There is no special interest between the candidates and the Company.

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2. The tenure of each candidate refers to the number of years served as of the date of the conclusion of this Annual General
Meeting of Shareholders.
3. The number listed for Attendance at Board of Directors meetings for each candidate refers to the result during the periodof fiscal 2022 for which that Director’s tenure was current.
4. The Company has submitted notification to the Tokyo Stock Exchange that Toshihiko Nagayasu, Mito Shimonaka and
Tetsuya Kobayashi have been appointed as independent officers as provided for by the aforementioned exchange. If theirelection as Directors is approved, the Company plans to submit a notification to the exchange concerning their appointment
as independent officers.
5. Based on the Company’s Articles of Incorporation, the Company has entered into agreements with Toshihiko Nagayasu,
Mito Shimonaka and Tetsuya Kobayashi limiting their liability for damages under Article 427, Paragraph 1 of theCompanies Act to the extent allowed by laws and regulations. If their reelection is approved, the Company plans to renew
this agreement with them.
6. The Company has entered into a directors and officers liability insurance policy based on Article 430-3, Paragraph 1 of
the Companies Act with an insurance company. This policy will compensate for damages arising due to the Directors of
the Company and other insured persons bearing responsibility in relation to the performance of their duties or receiving aclaim relating to the pursuit of such responsibility. However, there are certain exemption clauses, such as when an insured
person commits an act while recognizing it is an act in violation of laws and ordinances. If the candidates are elected andassume office as Directors, they will become insured persons under that insurance policy. In addition, the Company plansto renew this insurance policy under the same conditions at the next renewal.

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(Reference) Composition of the Board of Directors
The following are the fields in which each candidate for Director is expected to contribute.
The main fields among the fields of expertise expected to be contributed by each Director are marked with a ●.
Fields in Which Each Candidate for Director is Especially Expected to Contribute to the Company
Manufacturing
Candidate for Director

Corporate Legal / Risk
Management Management

Finance /Accounting

Sales /
MarketingTechnology
and Quality

ESG

Personnel /Labor Affairs

Control
MitsuoReelection●

Reelection●

Reelection●●

Takeshi Ariga

Newelection●●

Terutaka
Fukazawa

Reelection

Nakahashi
Shoji Hirose
Yoshiyuki
Kurihara

YoshitoYamaguchi
Toshihiko
Nagayasu

●

●
●

●
●

●

●

●
●

Reelection
External
Independent

●

●

●

●

●

Reelection
Mito Shimonaka External
Independent
Tetsuya
Kobayashi

Reelection
External●●●

Reelection

●

●

●

●

Independent*The above skills matrix does not represent all the knowledge possessed by each candidate.

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●

●

Proposal 2:

Election of One Audit & Supervisory Board Member

At the conclusion of this meeting, Audit & Supervisory Board Member Michio Sato will resign. Therefore, theCompany proposes the election of one substitute Audit & Supervisory Board member.
Furthermore, the consent of the Audit & Supervisory Board has been obtained for this proposal.
In addition, as provided for in the Company’s Articles of Incorporation, if Natsuki Tsujino is elected, his term ofoffice will be until the conclusion of the Annual General Meeting of Shareholders planned to be held in June 2024.
The candidate for Audit & Supervisory Board Member is as follows:
Tenure as Audit &Number of the Company’s
Attendance at Board ofSupervisory Board
shares owned
Directors meetings
Member0 shares-/- years
Career summary and position in the Company (significant concurrent positions)Apr. 1989
Joined Mitsubishi Bank, Ltd. (currently MUFG Bank, Ltd.)New election
Nov. 2012
Director, Internal Audit & Credit Examination Division, MUFG
Bank, Ltd.
Natsuki Tsujino(June 16, 1966)
Apr. 2019
Seconded to Administration Div. of the Company
Oct. 2019
Joined the Company, Deputy General Manager, Audit Department(current position)[Reasons for nomination as candidate for Audit & Supervisory Board Member]
Natsuki Tsujino has never in the past been involved in the management of a company. However, he has a wide range of
insights due to his broad experience and expert knowledge in audit, human affairs, financial accounting and complianceat the Company and a bank. We deem that he will provide valuable opinions and insights to the Company’s
management from an objective perspective regarding further enhancement of corporate governance of the Company. As
a result, we have nominated him as a candidate for Audit & Supervisory Board Member.
Name(Date of birth)

Notes:

1. There is no special interest between the candidate and the Company.
2. The Company has entered into a directors and officers liability insurance policy based on Article 430-3, Paragraph 1 of
the Companies Act with an insurance company. This policy will compensate for damages arising due to the Audit &Supervisory Board Members of the Company and other insured persons bearing responsibility in relation to theperformance of their duties or receiving a claim relating to the pursuit of such responsibility. However, there are certain
exemption clauses, such as when an insured person commits an act while recognizing it is an act in violation of laws andordinances. If Mr. Tsujino is elected as an Audit & Supervisory Board member, he will become an insured person underthat insurance policy.
In addition, the Company plans to renew this insurance policy under the same conditions at the next renewal.

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Proposal 3:

Election of One Substitute Audit & Supervisory Board Member

To be ready to fill a vacant position should the number of Audit & Supervisory Board Members fall below the number
required by laws and regulations, the Company requests approval for the election of Toshiaki Kanazawa as a
substitute Audit & Supervisory Board Member.
The validity of the election can be nullified by resolution of the Board of Directors if the consent of the Audit &Supervisory Board has been obtained provided, however, that it is only in a time before assuming office as an Audit& Supervisory Board Member.
The consent of the Audit & Supervisory Board has been obtained for this proposal.
The candidate for substitute Audit & Supervisory Board Member is as follows:
Name(Date of birth)

Number of the Company’s shares owned
0 shares
Career summary (significant concurrent positions)Oct. 1985
Registered as a certified public tax accountant
May 1986
Joined Shinko Audit Corporation
External
Jun. 1999
Established Chiyoda Management Service Ltd.
Independent
Director of Chiyoda Management Service Ltd.
Toshiaki Kanazawa
Director of Toshiaki Kanazawa Certified Public Tax Accountant(November 23, 1955)
Office (current position)
Jul. 2011
Representative Director of Chiyoda Management Service Ltd.
(current position)[Reasons for nomination as candidate for substitute external Audit & Supervisory Board Member]
The reason Toshiaki Kanazawa has been nominated as a candidate for substitute external Audit & Supervisory Board
Member is that he has expert knowledge and practical experience as a certified public tax accountant, which we would
like him to reflect in the audits of the Company.
Notes:

1. There is no special interest between the candidate to be a substitute Audit & Supervisory Board Member and the Company.
2. Toshiaki Kanazawa is a candidate to be a substitute external Audit & Supervisory Board Member.
3. If Mr. Kanazawa assumes the office of Audit & Supervisory Board Member, based on the Company’s Articles ofIncorporation, the Company plans to enter into a limited liability agreement with him to the extent allowed by laws andregulations as provided for in Article 427, Paragraph 1 of the Companies Act.
4. Mr. Kanazawa satisfies the requirements for an independent officer as provided for by the Tokyo Stock Exchange.
5. The Company has entered into a directors and officers liability insurance policy based on Article 430-3, Paragraph 1 of
the Companies Act with an insurance company. This policy will compensate for damages arising due to the Audit &Supervisory Board Members of the Company and other insured persons bearing responsibility in relation to theperformance of their duties or receiving a claim relating to the pursuit of such responsibility. However, there are certain
exemption clauses, such as when an insured person commits an act while recognizing it is an act in violation of laws andordinances. If Mr. Kanazawa is elected as an Audit & Supervisory Board member, he will become an insured person underthat insurance policy. In addition, the Company plans to renew this insurance policy under the same conditions at the next
renewal.

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