Stock Code:7250
May 25, 2018
To Our Shareholders:Shinya Ogawa
President, Member of the Board

100 Kyutoku-Cho, Ogaki, Gifu, JapanNOTICE OF THE 94TH ORDINARY GENERAL MEETING OF SHAREHOLDERS
We hereby inform you of the 94th Ordinary General Meeting of Shareholders to be held as follows.
If you are unable to attend the meeting, you can exercise your voting rights by mailing the enclosed Voting
Rights Exercise Form or via the Internet. Please review the Reference Documents for the General Meeting ofShareholders, and exercise your voting rights no later than 17:00 on Friday, June 15, 2018(JST).

1. Date:10:00 am, Saturday, June 16, 2018

2. Place:at the room Kyokko in OGAKI FORUM HOTEL.
2-31 Mangoku, Ogaki, Gifu, Japan

3. Objectives of the Meeting:
Reports:(1) Business Report and Consolidated Financial Statements, as well as Results of the Audits of theConsolidated Financial Statements by the Accounting Auditors and the Audit & Supervisory Board forthe 94th Fiscal Term (from April 1, 2017 to March 31, 2018).
(2) Financial Statements for the 94th Fiscal Term (from April 1, 2017 to March 31, 2018)
Agenda:Proposal No.1: Distribution of Surplus
Proposal No.2: Election of Seven (7) Members of the Board
Proposal No.3: Election of One (1) Substitute Audit & Supervisory Board Member For those attending, please present the enclosed Voting Rights Exercise Form at the reception desk of the venue.
■If any corrections are made to the reference materials to be distributed at the shareholders’ meeting, as well as the business report and statements ofaccounts (consolidated and non-consolidated), such corrections will also be listed on the following website.
■Notes to the consolidated and non-consolidated statements of accounts are listed on our website in accordance with law and with Article 14 of
the Articles of Incorporation. The notes can be viewed online and, therefore, are not included in this notice or accompanying materials.
The consolidated and non-consolidated statements of accounts audited by the accounting auditor and the audit & supervisory board include thenotes listed on the website as well as the contents of this notice and accompanying materials. (Japanese only)

website: http://www.pacific-ind.co.jp/investor/meeting/Guide to Exercising Voting Rights
If you are attending the Meeting：Date and time of Meeting：10 a.m.,June 16, 2018
Mailing：
Deadline for exercising voting rights： Must be received by 5:00 p.m., June 15, 2018
Internet：
Deadline for exercising voting rights：Until 5:00 p.m.,June 15, 2018

Proposal No.1: Distribution of Surplus
The Company intends to maintain a policy of stable improvement of the dividend level with due consideration ofoperation results and the payout ratio for the distribution of profits of shareholders.
To improve the value of the Company and secure the profits for shareholders, internal reserves will be utilized forinvestment and future business development to reinforce and improve the corporate quality.
Based on the policy, to respond the support of shareholders, we hereby propose that you approve the fiscal
year-end dividend for this fiscal year as described below.

1. Type of property for dividends: Money
2. Allotment of property for dividends to shareholders and total amount thereof:
14 yen per share of the Company's common stock
Total amount 850,029,544 yen
Note: The annual dividend proposed for the fiscal year, including the interim dividend, is 28 yen per share.
3. Effective date of the dividends from surplus: June 18, 2018

Proposal No.2: Election of Seven (7) Members of the Board
The term of all of seven (7) current members of the board expires at the conclusion of this 94th Ordinary General
Meeting of Shareholders. We hereby propose that you elect seven (7) members of the board.
The nominees for members of the board are as follows:

NomineeNO.

12

34NameReappointment

Reappointment

Reappointment

Reappointment

Current posts, assignments in the Company
and attribute

Board Meeting
attendance infiscal year 2017

President, Member of the Board

16/16（100％）

Takayuki Ishizuka

Executive Vice President, Member of the Board
General Manager, Stamping & Plastic Molding
Business Unit
In charge of cost

16/16
（100％）

Tetsushi Ogawa

Senior Managing Officer, Member of the Board
General Manager, Planning & Administration Center
General Manager, Strategic Production Planning CenterIn charge of Corporate Ethics, Safety &Health,
Information Systems, Environment, EMS, Risk
Management and Manufacturing

16/16（100％）

Katsuya Suzuki

Senior Managing Officer, Member of the Board
General Manager, Technical Planning Center
Deputy General Manager, Stamping & Plastic Molding
Business Unit
In charge of quality assurance and QMS

14/16（88％）

15/16（94％）

Shinya Ogawa

5Reappointment

Hisashi Kayukawa

Managing Officer , Member of the Board
General Manager, Valve & TPMS Business Unit
Deputy General Manager, Technical Planning Center

6

Reappointment

Hiroshi Kurokawa

Outside Board Member and Independent Officer

16/16（100％）

7

Reappointment

Osamu Motojima

Outside Board Member and Independent Officer

16/16（100％）

1. Shinya Ogawa (September 8, 1947) Reappointment
 Brief personal history, posts and assignments in the Company
April 1973:
January 1981:
February1981
June 1983:
June 1985:
March 1989:
February1990:June 1996:

Joined Toyota Motor Co., Ltd. (Current Toyota Motor Corporation)
Left Toyota Motor Co., Ltd.
Joined Pacific Industrial Co., Ltd.
Member of the Board
Managing Officer, Member of the Board
Senior Managing Officer, Member of the Board
Executive Vice President, Member of the Board
President, Member of the Board (current position)

 Number of the Company's shares owned: 1,444,549■Reason that the Company appointed Shinya Ogawa as a candidate for member of the board:
President Shinya Ogawa has led our long-term management plan "PACIFIC GLOCAL VISION 2020," and hasadvanced the Company's growth and development through management with consideration given to all stakeholders.
He has good insight and abundant experience as a corporate manager, which is proven by his past achievements,
so we appointed him as a candidate.

2. Takayuki Ishizuka (December 16, 1948) Reappointment
 Brief personal history, posts , assignments in the Company and Important posts
concurrently held at other organizations
May 1973:
June 2004:
June 2007:
June 2008:
June 2009:
June 2015:
January 2018:

Joined Pacific Industrial Co., Ltd.
Operating Officer
Managing Officer
Managing Officer, Member of the Board
Senior Managing Officer, Member of the Board
Executive Vice President, Member of the Board
Executive Vice President, Member of the Board
General Manager, Stamping & Plastic Molding Business Unit
In charge of cost (current position)

 Important post concurrently held at another corporation: President, Taiheiyo Sangyo Co., Ltd.
 Number of the Company's shares owned: 28,200■Reason that the Company appointed Takayuki Ishizuka as a candidate for member of the board:
Takayuki Ishizuka has been involved in the sales and production departments for many years and created a goodrelationship with customers, as well as showing strong leadership to reinforce business. He is currently serving as Vice
President to assist the President, and has abundant work experience and the knowledge for general sales and production
operations, so we appointed him as a candidate.

3. Tetsushi Ogawa (August 16, 1978) Reappointment
 Brief personal history, posts and assignments in the Company
April 2005:
December 2010:
January 2011:
June 2011:
June 2013:
June 2015:
January 2018:

Joined Toyota Motor Corporation
Left Toyota Motor Corporation
Joined Pacific Industrial Co., Ltd.
Operating OfficerManaging Officer
Senior Managing Officer, Member of the Board
Senior Managing Officer, Member of the Board
General Manager, Planning & Administration Center
General Manager, Strategic Production Planning CenterIn charge of Corporate Ethics, Safety & Health,
Information Systems, Environment, EMS, Risk
Management and Manufacturing (current position)

 Number of the Company's shares owned: 65,695■Reason that the Company appointed Tetsushi Ogawa as a candidate for member of the board:As an Officer in charge of production planning, Tetsushi Ogawa has led the production site improvement toenhance safety, health, and risk management as an Officer in charge of production planning, and has committed
himself to making and implementing a management plan of Pacific Industrial Co., Ltd. and strengthening thegovernance system as an Officer supervising the headquarters' departments.He has diverse views, including
Kaizen Mind, as well as excellent insight, so we appointed him as a candidate.

4. Katsuya Suzuki (August 26, 1955) Reappointment
 Brief personal history, posts and assignments in the Company
April 1979:
January 2002:
January 2003:
January 2005:
January 2009:
June 2009:
June 2015:
January 2018:

Joined Toyota Motor Co., Ltd. (Current Toyota Motor Corporation)
General manager, Body Department, Tsutsumi Plant
General manager, Stamping Production Technology Department
General manager, Body Department, Tahara Plant
Seconded to Pacific Industrial Co., Ltd.
Managing Officer of Pacific Industrial Co., Ltd.
Left Toyota Motor Corporation
Managing Officer, Member of the Board
Senior Managing Officer, Member of the Board
Senior Managing Officer, Member of the Board
General Manager, Technical Planning Center
Deputy General Manager, Stamping &Plastic Molding BusinessUnit
In charge of technology ,quality assurance and QMS(current position)

 Number of the Company's shares owned: 17,800■Reason that the Company appointed Katsuya Suzuki as a candidate for member of the board:
Katsuya Suzuki has been involved in the technology development, production engineering, and production
departments for many years, and has worked to develop and produce high-value-added products. In addition, as an
Officer in charge of quality assurance, he contributed to building a quality management system and has gained
abundant experience and professional knowledge, so we appointed him as a candidate.

5. Hisashi Kayukawa (October 24, 1957) Reappointment
 Brief personal history, posts and assignments in the Company
March 1980:
June 2009:
June 2013:
June 2015:
January 2018:

Joined Pacific Industrial Co., Ltd.
Operating Officer
Managing Officer
Managing Officer ,Member of the Board
Managing Officer , Member of the Board
General Manager, Valve & TPMS Business Unit
Deputy General Manager, Technical Planning Center(current position)

 Number of the Company's shares owned: 36,000■Reason that the Company appointed Hisashi Kayukawa as a candidate for member of the board:
Hisashi Kayukawa has been involved in all production related phases, from development, design, productionengineering, and through to production for many years, and has worked on advanced technology developmentwith his abundant experience and knowledge, taking the lead to enhance the Company's technology. We appointed
him as a candidate, because of his abundant experience and professional knowledge in this area.

6. Hiroshi Kurokawa (June 28, 1944) Reappointment, Outside Board Member and Independent Officer
 Brief personal history, posts, assignments in the Company and Important posts
concurrently held at other organizations
April 1991:
April 1995:
December 2001:
February 2003:
June 2010:
April 2013:
April 2013:

Professor, Faculty of Economics,Gifu Keizai University
Professor, Faculty of Business Administration, Gifu KeizaiUniversityDean, Faculty of Business Administration,Gifu Keizai University
President, Gifu Keizai University
Member of the Board, Pacific Industrial Co., Ltd.
(current position)
Part-time Lecturer, Gifu College of Nursing
Professor Emeritus, Gifu Keizai University(current position)

 Duration of assignment of Outside Board Member: Eight (8) years (at the conclusion of this 94th Ordinary
General Meeting of Shareholders) Board Meeting attendance in fiscal year 2017: 16/16 (100%)
 Important post concurrently held at another organization: Professor Emeritus, Gifu Keizai University
 The relationship between the organization that he concurrently holds an important post and Pacific IndustrialCo., Ltd.
The Company and the organization that Hiroshi Kurokawa concurrently holds an important post have no capitalor other business relationship.
 Reason that the Company appointed Hiroshi Kurokawa as a candidate for Outside Board Member and reason
that the Company judged that he can properly perform the task as Outside Board Member :As an expert in economics and management, Hiroshi Kurokawa has abundant experience and a high level ofacademic knowledge. In addition, he has been supervising management from an objective standpoint withacademic views, by using advanced knowledge he obtained when managing the university as a university
president. We appointed him as a candidate, because of his professional knowledge and experience inmanagement.
 Number of the Company's shares owned: 07. Osamu Motojima (December 5, 1948) Reappointment, Outside Board Member and Independent Officer
 Brief personal history, posts, assignments in the Company and important posts
concurrently held at other organizations
July 1987:
April 1988:
April 1998:April 2002:
April 2004:
March 2009:
April 2009:
May 2009:
July 2010:
June 2013:
March 2015:
June 2015:
December 2015:

Professor, Kyoto University, Plasma Physics Laboratory
Professor, Institute of Plasma Physics, Nagoya University
Scientific Advisor, Ministry of Education, Science and Culture
Director-General, National Institute for Fusion Science
Vice President, National Institutes of Natural Sciences
Foreign Member, The Royal Swedish Academy of Engineering
Sciences (current position)
Professor Emeritus, National Institutes for Fusion Science(current position)
President, Future Energy Research Association (current position)
Director General, ITER International Fusion Energy Organization
Professor Emeritus, The Graduate University for Advanced Studies(current position)
Director General Emeritus, ITER International Fusion EnergyOrganization (current position)
Member of the Board, Pacific Industrial Co., Ltd. (current position)
Advisor to the Chairman, Chubu University (current position)

 Duration of assignment of Outside Board Member: Three (3) years (at the conclusion of this 94th Ordinary
General Meeting of Shareholders) Board Meeting attendance in fiscal year 2017: 16/16 (100%)
Important posts concurrently held at other organizations:
Professor Emeritus, National Institutes for Fusion SciencePresident, Future Energy Research Association
Professor Emeritus, The Graduate University for Advanced Studies
Director General Emeritus, ITER International Fusion Energy Organization
Advisor to the Chairman, Chubu University
 The relationship between the organizations that he concurrently holds an important post and Pacific IndustrialCo., Ltd.
The Company and the organizations that Osamu Motojima concurrently holds an important post have no capitalor other business relationship.
 Reason that the Company appointed Osamu Motojima as a candidate for Outside Board Member and reason
that the Company judged that he can properly perform the task as Outside Board Member :The Company proposes that we elect Osamu Motojima as Outside Board Member because he has experience inacting as a professor at universities and specialized agencies for many years as well as Director-General ofNational Institute for Fusion Science and Director General of ITER. He has abundant international experiences
and advanced special knowledge of environment and technologies.
 Number of the Company's shares owned: 0Note:
1. No nominee has any special interest in the Company.
2. Hiroshi Kurokawa and Osamu Motojima are the nominees for outside board members. Hiroshi Kurokawa and Osamu Motojima have filed as anindependent officer to Tokyo Stock Exchange, Inc. and Nagoya Stock Exchange, Inc. When they are elected as an outside board member as
proposed, they will continuously perform as an independent officer.
3 Liability limitation agreement with outside board members
The Articles of Incorporation of the Company allows the conclusion of a liability limitation agreement between the Company and outside board
members. When the appointment of Hiroshi Kurokawa and Osamu Mtojima are approved, at the assignment of outside board member, theCompany intends to extend the liability limitation agreement which limits the maximum amount of liability to be either higher the previously fixedamount of over 2 million yen or the legal minimum liability.

Proposal No.3: Election of One (1) Substitute Audit & Supervisory Board Member
We hereby propose that we elect a substitute audit & supervisory board member to avoid the situation that theCompany does not satisfy the legal requirement for the number of audit & supervisory board members.
For this agenda, we have received consent of the Audit & Supervisory Board.
The nominee for the substitute audit & supervisory board member is as follows:

Toshio Kinjo (August 9, 1932) Substitute Outside Audit & Supervisory Board Member
 Brief personal history, posts, assignments in the Company and important post
concurrently held at another organization
April 1988:
June 1995:
May 2001:
July 2001:
June 2002:

Dean, Department of Agriculture, Gifu University
President, Gifu University
Professor Emeritus, Gifu University (current position)
Chairman, Gifu Research and Development Foundation
Audit & Supervisory Board Member, Pacific Industrial Co., Ltd.

 Important post concurrently held at another organization: Professor Emeritus, Gifu University
 The relationship between the organization that he concurrently holds an important post and Pacific IndustrialCo., Ltd.
The Company and the organizations that Toshio Kinjo, a nominee for substitute outside audit & supervisory board
member, concurrently holds an important post have no capital or other business relationship.
 Reason that the Company appointed Toshio Kinjo as a candidate for Substitute Outside Audit & Supervisory
Board Member and reason that the Company judged that he can properly perform the task as Outside Audit &Supervisory Board Member :We hereby propose that we elect Toshio Kinjo as a substitute outside audit & supervisory board member because
he has acted as outside audit & supervisory board member of the Company for many years and has abundant
experiences and excellent insight.
 Number of the Company's shares owned: 0Note:
1. No nominee has any special interest in the Company.
2. Liability limitation agreement with outside audit & supervisory board member
The Articles of Incorporation of the Company allows the conclusion of a liability limitation agreement between the Company and outside audit &supervisory board member. When the appointment of Toshio Kinjo is approved, at the assignment of outside audit & supervisory board member,the Company intends to conclude a liability limitation agreement which limits the maximum amount of liability to be either higher the previously
fixed amount of over 2 million yen or the legal minimum liability.