(Tokyo Stock Exchange Code: 6306)

The 157th Business Year
Notice of Convocation of theOrdinary General Shareholders’ Meeting
Time and Date

Thursday, June 25, 2020
10:00 a.m.
Venue

1st Floor hall, Head of Techno
Center, Nikko Co., Ltd.

[Request for refraining from attending themeeting in person]
The novel coronavirus infection is continuing to spread.
Please consider refraining from attending the Shareholders’ Meeting in

To prevent infection and spreading of the new coronavirus infection,and placing utmost priority on the safety of our shareholders, theCompany has decided to hold the Ordinary General Shareholders’Meeting at a venue, which is larger than the previous year but in
another building within the same premises.

person to prevent the risk of infection, and instead, exercise your voting

Please refer to the map of the venue at the end of this notice andconfirm the location upon attending the meeting.

from this year. We appreciate your kind understanding.

rights in writing (mail) or via the internet.
Further, the Company has decided to stop offering souvenirs to theshareholders attending the Ordinary General Shareholders’ Meeting

Resolutions
Proposal 1 Appropriation of Surplus from the 157th Business Year
Proposal 2 Election of Eight Directors
Proposal 3 Election of One Corporate Auditor
Deadline for exercising voting rights in writing (mail) or via the internet.
Wednesday, June 24, 2020
Till 5 p.m.

Nikko Co., Ltd.

To Shareholders:(Tokyo Stock Exchange Code: 6306)
June 8, 2020
1013-1, Eigashima, Okubo-cho, Akashi-shi, Hyogo Prefecture

Nikko Co., Ltd.

Representative Director and President Masaru Tsuji

Notice of Convocation of the 157th Ordinary General Shareholders’ Meeting

We deeply thank you for your continued support.
We would like to notify you of the 157th Ordinary General Shareholders’ Meeting of Nikko Co., Ltd., which will be held as
described below.
If you are unable to attend the meeting, you may exercise your voting rights using one of the methods explained
from the following page onwards. Please consider the reference materials attached to this notice and exercise yourvoting rights.
* From this year, the Company no longer offers souvenirs to the shareholders attending the Ordinary General
Shareholders’ Meeting. We appreciate your kind understanding.
Meeting Details

12Time and
Date

Venue

From 10:00 a.m., Thursday, June 25, 2020
1st Floor Hall, Techno Center, Nikko Co., Ltd.
1013-1, Eigashima, Okubo-cho, Akashi-shi, Hyogo Prefecture
To prevent infection and spreading of the new coronavirus infection, and placing utmost priority on the safety of our shareholders, theCompany has decided to hold the Ordinary General Shareholders’ Meeting at a venue, which is larger than the previous year but in
another building within the same premises.
Please refer to the map of the venue at the end of this notice upon attending the meeting.

Reports
3

Meeting
agenda

1. Business report, consolidated financial statements and non-consolidated financial
statements for the 157th business year (from April 1, 2019 to March 31, 2020)
2. Results of the audits of the consolidated financial statements for the 157th business year
(from April 1, 2019 to March 31, 2020) by the Independent Auditor and Board of
Corporate Auditors

Proposal 1 Appropriation of Surplus from the 157th Business Year
Resolutions Proposal 2 Election of Eight Directors
Proposal 3 Election of One Corporate Auditor◎ When you arrive at the venue, please submit the enclosed Voting Rights Exercise Form at the reception desk at the venue.
◎ The following items have been posted on the Company’s website (https://www.nikko-net.co.jp/soukai/) in accordance with the relevant laws and regulations as well as Article 16 of theCompany’s Articles of Incorporation and are not included in this notice of convocation. Therefore, the attachment to the notice of convocation are portions of the statements audited by
the Corporate Auditors and the Independent Auditors in their preparation of the accounting audit report.
(i) Systems necessary to ensure that the execution of the duties by the Directors complies with applicable laws and regulations and the Articles of Incorporation, and to ensure that theother operations of Nikko Co., Ltd. and the operations of the group of enterprises consisting of Nikko Co., Ltd. and its subsidiaries are appropriate, overview of the operation of theinternal control system and the basic policy regarding the control by the stock company of the Company’s System and Policy of the Business Report(ii) Consolidated Statements of Changes in Equity of the Consolidated Financial Statements and Notes to the Consolidated Statements(iii) Non-consolidated Statements of Changes in Equity of the Financial Statements and Notes to the Statements◎ If any revisions are made to the Business Report, Consolidated and Non-consolidated Financial Statements and the reference materials for the meeting, the corrected materials will be
posted on the Company’s above website.

1

Exercise of voting
rights via the internet

Please submit the enclosed Voting Rights Exercise Form at
the reception desk.

Please indicate your approval or disapproval on eachof the proposals on the enclosed Voting Rights
Exercise Form and send it by mail. The form does not
require a postal stamp.

Please enter your approval or disapproval of the
proposals in accordance with the instructions in thenext page.

Time and Date

Deadline for exercising voting rights:

Deadline for exercising voting rights:

Thursday, June 25, 2020
10:00 a.m. (the reception desk opens

Wednesday, June 24, 2020
The voting rights arriving by
5:00 p.m. will be accepted.

Wednesday, June 24, 2020
Input need be completed by
5:00 p.m.

at 9:00 a.m.)

How to fill the Voting Rights Exercise FormEnter your approval or disapproval here.

Business Report

Exercise of voting
rights in writing(mail)

Consolidated Financial
Statements

Attending the Ordinary
General Shareholders’Meeting in person

Financial Statements

Voting rights at an Ordinary General Shareholders’ Meeting are an important right of the shareholders.
We sincerely request you to consider the reference materials for the meeting, described later, upon exercising your voting
rights.
The following three methods can be used for exercising voting rights.

Convocation Notice

How to Exercise Voting Rights

Draw a circle (○) in the“Approve” field.
Draw a circle (○) in the● If you disapprovethe election of someof the candidates

Draw a circle (○) in the“Disapprove” field.

“Approve” field and*The Voting Rights Exercise Form is a representative image.

● If you disapprove theproposal

Draw a circle (○) in the“Approve” field.
Draw a circle (○) in the“Disapprove” field.

If you exercise your voting rights both in writing (mail) and via the internet, the voting rights exercised via the internet are accepted as the valid exercise of
voting rights.
If you exercise your voting rights over several times via the internet, the final entry is accepted as the valid exercise of voting rights.

Reference Materials for
the Ordinary General
Shareholders’ Meeting

enter the number of thecandidate you disapprove.

Proposals 1 and 3● If you approve theproposalAudit Report

Proposal 2● If you approve theelection of all
candidates2How to exercise voting rights via the internet
How to enter login ID andtemporary password

How to read the QR code
You may log in to the voting right exercise website without the log-in
ID and temporary password in the Voting Rights Exercise Form.
Read the QR code printed in the Voting Rights Exercise Form.
Voting Rights Exercise Form
Attn:

Date of the General
Shareholders’ Meeting

Number of voting rights

Number of shares you holdas of the record day
Number of voting rights

Access the voting right exercise website.

XX shares
XX units

Enter the log-in ID and temporary password in the Voting
Rights Exercise Form and click.

MMM DD, YYYY

QR code for log-in
SampleVoting right
exercise website

Log-in ID
Temporary password

SampleMitsubishi UFJ Trust and Banking Corporation- How to Use This Website- Mitsubishi UFJ Trustand Banking
Corporation
Homepage(Request for Various
Forms)

To log in to the website for the procedures regarding the shareholders’ meeting.
(Shareholder registry administrator) Stock Transfer Agency Department,
Mitsubishi UFJ Trust and Banking Corporation■Log in
Input login ID and password and click “Log in.”
(Enter four digits each)Log-in ID
Passwordor temporary password(single-byte characters)(single-byte characters)

Log inTo change the password, input your log-in ID and registered password and then click“Change password.”*“QR code” is a registered trademark of Denso Wave Incorporated.

Please enter your approval or disapproval by following the
instructions on the screen.

Change password

Your log-in ID and temporary password are printed in the Voting Rights Exercise Form, etc.
When logging in using a temporary password, it will automatically show a screen for changing the password. Pleasechange it to the password of your choice.

Inquiries
Mitsubishi UFJ Trust andBanking Corporation
Stock Transfer Agency
Department(For inquiries regarding theprocedures regarding theshareholders’ meeting)Tel: 0120-173-027(toll free)

Input the login ID andtemporary password.
Click “Log in.”If you have forgotten your password or it is locked, print out the “Application for Initialization of Password,” fill in therequired information, and send it to the Stock Transfer Agency Department of Mitsubishi UFJ Trust and Banking
Corporation.
To read “Application for Initialization of Password,” you need Acrobat® Reader™ by Adobe Systems Incorporated.
If you do not have it, click the banner on the lower right and download Acrobat® Reader™ available for free.

(For inquiries regarding
general shareholder affairs)
Tel: 0120-232-711(toll free)■Apply for log-in ID
If you wish for issuance of a log-in ID, click “Apply for ID.”

Voting Rights Exercise
WebsiteApply for ID

It is available only for the shareholders of the companies that have adopted the digitization of the convocation notice.
Some companies may suspend issuance of IDs due to restrictions related to the schedule of the Ordinary General Shareholders’ Meeting.

Nikko Co., Ltd.
How to express your approval / disapprovalof proposals
The First Ordinary General Shareholders’Meeting
Date: March 31, 2018
Shareholder No. 100000001
Number of voting rights that can be exercised: 10
The Company approves the exercising of voting
rights by the shareholder in accordance with the
instructions of this screen. Please select theapplicable item and move on to the next screen.

Register a “new password.”

To approve all proposals by the Company anddisapprove all proposals by shareholders
To Confirmation
ScreenTo input approval and disapproval individually of
proposals by the Company and shareholders
To Enter Approval /Disapproval

Mitsubishi UFJ Trust and Banking Corporation- How to Use This Website- Mitsubishi UFJ Trustand Banking
Corporation
Homepage(Request for Various
Forms)

Agenda Contents

Agenda Contents(English)You can log in using the QR code onlyonce.

If you wish to exercise the voting rights again or exercise
the voting rights without using the QR code, see “How toenter login ID and temporary password” on the right.
Should you have any question or inquiry on how to
operate a PC, smartphone or mobile phone forexercising your voting rights via the internet, pleasecontact the helpdesk telephone number on the right.

Change password

Change the password. Enter your current password and new password (a password of
your choice).
- For confirmation, enter the same password in the “New password” and “Newpassword (for confirmation).”- The new password is enabled by clicking “Send.”
Current password
New password
New password (for confirmation)

Inquiries
Mitsubishi UFJ Trust andBanking Corporation
Stock Transfer Agency
Department(For inquiries regarding theprocedures regarding theshareholders’ meeting)Tel: 0120-173-027(toll free)(For inquiries regarding
general shareholder affairs)
Tel: 0120-232-711(toll free)(single-byte characters)(single-byte characters)(single-byte characters)

Send

Input single-byte letters of alphabet, numbers, and symbols at least eight characters andno more than 12 characters using all three types of characters.

You may use these symbols: ! # $ ( ) * + - , . / : = @ [ ] ^ _ ‘ { } ~-Input the “newpassword.”
Click “Send.”

If you log in with the temporary password, you need to change it to a new password(the password of your choice) to maintain security.
When the convocation notice for the next shareholders’ meeting is sent, a new log-in
ID and temporary password will be issued.
If you are logging in before the next shareholders’ meeting, you will need the current
log-in ID and the newly set password. Please do not lose them.
Back

Please enter your approval or disapproval by following the
instructions on the screen.

*The operation screen is a representative image.

Help Desk, Stock Transfer Agency Department, Mitsubishi UFJ Trust andBanking Corporation

0120-173-027(Toll free; from 9:00 to 21:00)

Institutional investors may use the voting rights electronic execution platform for institutional investors operated by ICJ, Inc.

3

Business Report
Consolidated Financial
Statements
Financial Statements

The Company recognizes appropriate returns of profit to shareholders as one of the important management
issues. Its basic policy is to decide the amount of dividends by comprehensively considering requirements forenhancement of internal reserve, etc., while intending, in principle, to pay dividends by reflecting its businessperformance for the concerned period.
Under this basic policy, the Company sets the year-end dividend for the period under review at 10.00 yen per
share and adds 10.00 yen per share of dividend commemorating the 100th anniversary of the Company.
Further details are described below.
Matters regarding year-end dividends(1) Type of dividend property
Cash(2) Matters regarding appropriation of the dividend property to shareholders and its total amount
20.00 yen per share of common stock (ordinary dividend of 10.00 yen per share and commemorative
dividend of 10.00 yen per share)
775,415,400 yen in total
The Company carried out a one-to-five split of its common stock effective on October 1, 2019. The
Company paid an interim dividend of 100.00 yen per share with the record day of September 30, 2019.
When calculating it before the share split, the Company’s annual dividend would be 200.00 yen per
share, combining the interim and year-end dividend of 100.00 per share each, and it would be 40.00
yen per share combining 20.00 yen per share each of interim and year-end dividends.
(3) Effective date of dividend of surplus
June 26, 2020
As a result, annual dividend for the current fiscal year including interim dividend is 40.00 yen per share ofcommon stock.

Audit Report

Proposal 1 Appropriation of Surplus from the 157th Business Year

Reference
Reference Materials
Materials forforthethe Ordinary
Ordinary General
GeneralShareholders’Shareholders’ Meeting
Meeting

Proposals and Reference Items

Convocation Notice

Reference Materials for the Ordinary
General Shareholders’ Meeting4Proposal 2 Election of Eight Directors
The Company emphasizes on management responsibility of its Directors and its Articles of Incorporation set
the term of their office at one year so as to ask shareholders confidence in them every business year.
The term of office of all eight Directors will expire at the conclusion of this Ordinary General Shareholders’Meeting, and Nikko Co., Ltd. requests to elect eight Directors once again.
The candidates for Director are as described below.
Candidatenumber1

Name(Date of birth)

Brief personal history, position and responsibility at Nikko Co., Ltd.
(important concurrent positions)Takahisa
Nishikawa

April 1982
June 2007
June 2008
June 2011
June 2012
June 2012

Reappointment

April 2019
April 2019

(Date of birth: March
31, 1959)

Joined Nikko Co., Ltd.
Executive Officer of Nikko Co., Ltd.
Director of Nikko Co., Ltd.
Managing Director of Nikko Co., Ltd.
Representative Director and President of Nikko Co., Ltd.
Internal control in-charge and General Manager of Technology
Division of Nikko Co., Ltd.
Representative Director and Chairman (current)
Affiliates in-charge and General Manager of Manufacturing Division of
Nikko Co., Ltd. (current)

The number of sharesthe candidate holds in
the Company

109,500 shares[Reason for nomination as candidate for Director]
Takahisa Nishikawa has appropriately supervised the management and taken decisions on important matters as the Representative Director
and President since 2012 and Representative Director and Chairman since April 2019 and has been contributing to business expansion whileworking to improve the corporate value. Given his track record and based on the judgment that he is an appropriate human resource forrealizing continuous improvement in the corporate value of the Company, Nikko Co., Ltd. requests to elect him again as Director.

MasaruTsuji

2(Date of birth: June 4,
1960)
Reappointment

September 1987
June 2007
June 2008
June 2011
April 2015
June 2015
April 2016
April 2019
April 2019

Joined Nikko Co., Ltd.
Executive Officer of Nikko Co., Ltd.
Director of Nikko Co., Ltd.
Managing Director of Nikko Co., Ltd.
General Manager of Business Division and President of the Tokyo
Head Office of Nikko Co., Ltd.
Senior Managing Director of Nikko Co., Ltd.
General Manager of Business Division of Nikko Co., Ltd.
Representative Director and President of Nikko Co., Ltd. (current)Internal control in-charge and General Manager of Technology
Division of Nikko Co., Ltd. (current)

91,500 shares[Reason for nomination as candidate for Director]
Since 2019, Masaru Tsuji has appropriately supervised the management and taken decisions on important matters as the Representative
Director and President and has formulated and been implementing the Medium-Term Management Plan while working to improve thecorporate value. Given his track record and based on the judgment that he is an appropriate human resource for realizing continuous
improvement in the corporate value of the Company, Nikko Co., Ltd. requests to elect him again as Director.

53June 2015
June 2015(Date of birth:
September 27, 1961)

April 2016

Reappointment

April 2018
June 2018

78,000 shares<Important concurrent position>
Chairman, Nikko (Shanghai) Construction Machinery Co., Ltd.
[Reason for nomination as candidate for Director]
Hiroyuki Sakurai has appropriately supervised the management and taken decisions on important matters as Director, been in charge ofadministration of corporate planning and general affairs as Managing Director, and driven forward the management plan. Given his track recordand based on the judgment that he is an appropriate human resource for realizing continuous improvement in the corporate value of theCompany, Nikko Co., Ltd. requests to elect him again as Director.
April 1982
June 2003
April 2009

Hiroshi Fujii
4June 2011
June 2011
June 2013(Date of birth: January
16, 1959)

June 2015

Reappointment

June 2018
June 2018
April 2020

Joined Taiyo-Kobe Bank Limited (current Sumitomo Mitsui Banking
Corporation)
Manager of Tsukiji Corporate Sales Department, Taiyo-Kobe Bank Limited
Manager of Kansai Corporate Solution Sales Department, SMBC
Consulting Co., Ltd.
Director of Nikko Co., Ltd.
Manager of Financial Department of Nikko Co., Ltd.
Manager of Financial Department and Information Center in-charge ofNikko Co., Ltd.
Manager of Financial Department and legal affairs and Information
Center in-charge of Nikko Co., Ltd.
Managing Director of Nikko Co., Ltd. (current)
General Manager of Financial Division of Nikko Co., Ltd.
General Manager of Financial Division and security export control
in-charge of Nikko Co., Ltd. (current)

53,500 shares<Important concurrent position>
Representative Director and President, Nikko Kosan Co., Ltd.
Representative Director and President, Nikko Baumaschinen GmbH
[Reason for nomination as candidate for Director]
Hiroshi Fujii has appropriately supervised the management and taken decisions on important matters as Director, been in charge of Financial
Department as Managing Director primarily leading the financial strategies, governed security export control and driven forward the
management plan. Given his track record and based on the judgment that he is an appropriate human resource for realizing continuous
improvement in the corporate value of the Company, Nikko Co., Ltd. requests to elect him again as Director.

Convocation NoticeBusiness Report

Hiroyuki
Sakurai

Joined Nikko Co., Ltd.
Executive Officer of Nikko Co., Ltd.
Director of Nikko Co., Ltd.
Manager of Corporate Planning Department and General Affairs
Department of Nikko Co., Ltd.
Managing Director of Nikko Co., Ltd. (current)
Deputy General Manager of Business Division (in charge of overseas),
Manager of International Business Department and General Manager
of Operations Division of Nikko Co., Ltd.
Deputy General Manager of Business Division, Manager ofInternational Business Department and corporate planning andgeneral affairs in-charge of Nikko Co., Ltd.
Corporate planning and general affairs in-charge of Nikko Co., Ltd.
General Manager of Corporate Planning Division of Nikko Co., Ltd.
(current)

Consolidated Financial
Statements

April 1985
June 2007
June 2008
June 2013

The number of sharesthe candidate holds in
the Company

Financial Statements

Brief personal history, position and responsibility at Nikko Co., Ltd.
(important concurrent positions)Audit Report

Name(Date of birth)

Reference Materials for
the Ordinary General
Shareholders’ Meeting

Candidatenumber6

Candidate
numberName(Date of birth)

Toshifumi
Kinugasa

5(Date of birth: October
26, 1960)
Reappointment

Brief personal history, position and responsibility at Nikko Co., Ltd.
(important concurrent positions)
April 1984
June 2007
October 2008
April 2010
June 2012
June 2012
April 2013
April 2019

Joined Nikko Co., Ltd.
Executive Officer of Nikko Co., Ltd.
Manager of Engineering Department of Nikko Co., Ltd.
Manager of Design Department, Technology Division of Nikko Co.,Ltd.
Director of Nikko Co., Ltd. (current)
General Manager of Manufacturing Division and Head Office Plant
Manager of Nikko Co., Ltd.
General Manager of Manufacturing Division of Nikko Co., Ltd.
Head of Techno Center, Technology Division of Nikko Co., Ltd.
(current)

The number of sharesthe candidate holds in
the Company

63,000 shares<Important concurrent position>
Representative Director and President, Tombo Industry Co., Ltd.
[Reason for nomination as candidate for Director]
Toshifumi Kinugasa has appropriately supervised the management and taken decisions on important matters as Director, been in charge of theTechno Center as Director, taken initiative in technology and design strategies, and driven forward the management plan. Given his trackrecord and based on the judgment that he is an appropriate human resource for realizing continuous improvement in the corporate value of theCompany, Nikko Co., Ltd. requests to elect him again as Director.

NoriakiNagahara

6(Date of birth: July 18,
1951)
Reappointment

April 1984
October 1988
January 2007
June 2007
June 2015

Certified as attorney
Joined Harada Law Firm
Succeeded Harada Law Firm
Established Kobe Jugobankan Law Firm and became Director.
(current)
Outside Corporate Auditor of Nikko Co., Ltd.
Outside Director of Nikko Co., Ltd. (current)

None<Important concurrent position>
Director, Kobe Jugobankan Law Firm

[Reason for nomination as candidate for Outside Director]
Noriaki Nagahara was nominated as a candidate for Outside Director so as to leverage his expert insight as a lawyer in management execution
from an objective and neutral standpoint. While he is a candidate whose involvement in managing a company has been only as an outside
director in the past, he has an excellent track record in corporate legal affairs from the expert standpoint as a lawyer and also has deep insight
regarding management. Based on the judgment that he is capable of appropriately performing the duty of an outside director, Nikko Co., Ltd.
requests to elect him again as Outside Director.

7

Reappointment

5,000 shares[Reason for nomination as candidate for Outside Director]
Tsutomu Yuasa has extensive knowledge and experience from being engaged in corporate management as a director of an operatingcompany over many years. Based on the expectation that he would reflect that knowledge and experience in the management of Nikko Co.,
Ltd. Nikko Co., Ltd. requests to elect him again as Outside Director.
April 1982
January 2011
April 2013
July 2013
June 2015
June 2015

Tomomi
Nakayama April 2016

(Date of birth: January
10, 1963)

8

Reappointment

April 2018

April 2019
June 2019

Joined Nikko Co., Ltd.
Branch Manager, Chubu Branch of Nikko Co., Ltd.
Manager, AP Sales Department, Tokyo Head Office of Nikko Co., Ltd.
Manager, Asphalt Plant Sales Management Department, Tokyo Head
Office of Nikko Co., Ltd.
Executive Officer of Nikko Co., Ltd.
Manager of Business Planning Department, Business Division, andManager of Asphalt Plant Sales Management Department, Tokyo
Head Office of Nikko Co., Ltd.
Manager of Business Planning Department, Business Division,
Manager of Asphalt Plant Sales Management Department, andDirector of AP Technology Center of Nikko Co., Ltd.
Manager of Business Planning Department, Business Division,
Manager of Asphalt Plant Sales Management Department, Director of
AP Technology Center, and Manager of Mobile Plant Business
Department of Nikko Co., Ltd.
General Manager of Business Division, Manager of Business
Planning Department, and Manager of Asphalt Plant SalesManagement Department of Nikko Co., Ltd. (current)
Director of Nikko Co., Ltd. (current)

32,760 shares[Reason for nomination as candidate for Director]
Tomomi Nakayama has appropriately supervised the management and taken decisions on important matters as Director, been in charge of theBusiness Division as Director, taken initiative in sales strategies of asphalt plants, the mainstay product of the Company’s sales, and driven
forward the management plan. Given his track record and based on the judgment that he is an appropriate human resource for realizing
continuous improvement in the corporate value of the Company, Nikko Co., Ltd. requests to elect him again as Director.
(Note) 1.
2.
3.
4.
5.

There is no special interest between Nikko Co., Ltd. and each of the candidates.
Noriaki Nagahara and Tsutomu Yuasa are candidates for Outside Director.
Nikko Co., Ltd. has reported to the Tokyo Stock Exchange that Noriaki Nagahara and Tsutomu Yuasa as Independent Directors, whose
designation is required by the exchange as directors who do not cause conflict of interests with general shareholders. If both are reappointed,
Nikko Co., Ltd. plans to continue to appoint them as Independent Directors.
Noriaki Nagahara is currently serving as the Company’s Outside Director and his term of office is eight years as Outside Corporate Auditor andfive years as Outside Director with the conclusion of this Ordinary General Shareholders’ Meeting. Tsutomu Yuasa is currently serving as Outside
Director of Nikko Co., Ltd. and his term of office will be four years with the conclusion of this Ordinary General Shareholders’ Meeting.
Nikko Co., Ltd. has entered into agreements with Noriaki Nagahara and Tsutomu Yuasa to limit their liability for damages and the maximum
amount of their liability under these agreements is the amount provided for in laws and regulations. Upon approval of their election, Nikko Co., Ltd.
plan to continue these agreements with them.

Convocation NoticeBusiness Report

7

April 2002
July 2002
July 2005
July 2008
July 2014
June 2016

Joined Matsushita Electric Industrial Co., Ltd. (current Panasonic
Corporation)
Joined Rock Field Co., Ltd.
Director of Rock Field Co., Ltd.
Managing Director of Rock Field Co., Ltd.
Representative Senior Managing Director of Rock Field Co., Ltd.
Vice-Chairman of the Board of Directors of Rock Field Co., Ltd.
Outside Director of Nikko Co., Ltd. (current)

Consolidated Financial
Statements(Date of birth: June 27,
1946)

April 1970

The number of sharesthe candidate holds in
the Company

Financial Statements

Tsutomu
Yuasa

Brief personal history, position and responsibility at Nikko Co., Ltd.
(important concurrent positions)Audit Report

Name(Date of birth)

Reference Materials for
the Ordinary General
Shareholders’ Meeting

Candidatenumber8

Proposal 3 Election of One Corporate Auditor
The term of office of Corporate Auditor Nobutaka Yasuda will expire at the conclusion of this Ordinary General
Shareholders’ Meeting, and Nikko Co., Ltd. requests to elect once again one Corporate Auditor.
Submission of this proposal has received the consent of the Board of Corporate Auditors.
The candidates for Corporate Auditors are as described below.
Name(Date of birth)

Brief personal history, position and responsibility at Nikko Co., Ltd.
(important concurrent positions)
April 1982
April 2004

Nobutaka Yasuda(Date of birth: September 27, 1959)
Reappointment

April 2005
October 2007
June 2010
January 2011
June 2012
April 2013
April 2015
June 2015
June 2019

Joined Nikko Co., Ltd.
Deputy Manager, Construction Machinery Sales
Department, Osaka Head Office of Nikko Co., Ltd.
Branch Manager, Hokkaido Branch of Nikko Co., Ltd.
Branch Manager, Chubu Branch of Nikko Co., Ltd.
Executive Officer of Nikko Co., Ltd.
Manager, BP Business Department of Nikko Co., Ltd.
Manager, Business Planning Department of Nikko Co.,Ltd.
President of the Tokyo Head Office and Manager,
Business Planning Department of Nikko Co., Ltd.
Internal control in-charge of Nikko Co., Ltd.
Audit & Supervisory Board Member of Nikko Co., Ltd.
Senior Audit & Supervisory Board Member of Nikko Co.,
Ltd. (full-time) (current)

The number of shares thecandidate holds in the
Company

37,000 shares[Reason for nomination as candidate for Corporate Auditor]
Nobutaka Yasuda has served as Branch Manager and President of a Head Office in the Company’s Sales Department and is well-versed in its operations.
Nikko Co., Ltd. requests to continue to elect him as Corporate Auditor based on the judgment that he is an appropriate human resource for performing audit
to ensure soundness of the company.
(Note) 1.
2.

There is no special interest between Nikko Co., Ltd. and the candidate.
The Company’s Articles of Incorporation stipulates contracts for limitation of liability with Corporate Auditors, but at the moment, it does not havea plan to sign the contract with the concerned candidate following the election.

End

9