These documents are partial translations of the Japanese originals for reference purposes only.
In the event of any discrepancy between these translated documents and the Japanese originals, the originals
shall prevail. The Bank assumes no responsibility for this translation or for direct, indirect or any otherforms of damages arising from the translations.

(Securities Code: 8562)
May 29, 2020
To Shareholders with Voting Rights:
Takahiro Kato
Director and President
THE FUKUSHIMA BANK, LTD.
2-5 Banseicho, Fukushima City,
Fukushima, JapanNOTICE OF CONVOCATION OF
THE 154 TH ANNUAL GENERAL MEETING OF SHAREHOLDERS
We are pleased to notify you that the 154th Annual General Meeting of Shareholders of THE FUKUSHIMABANK, LTD. (the “Bank”) will be held for the purposes as described below.
Please refer to the enclosed document “Prevention of the Novel Coronavirus Disease (COVID-19) for the154th Annual General Meeting of Shareholders of the Bank,” for details of the measures to be taken by the
Bank concerning the prevention against COVID-19.
You can exercise your voting rights by in writing or via the Internet. Please review the Reference
Documents for the General Meeting of Shareholders (described hereinafter) and exercise your voting rights by
5:00 p.m. on Monday, June 22, 2020.
1. Date and Time:

Tuesday, June 23, 2020 at 10:00 a.m. Japan time

2. Place:

Large Hall, Basement, Head Office of the Bank
2-5 Banseicho, Fukushima City, Fukushima, Japan

3. Meeting Agenda:
Matters to be reported: 1. The Business Report and Non-consolidated Financial Statements for the
Bank’s 154th Fiscal Year (from April 1, 2019 to March 31, 2020)
2. Consolidated Financial Statements for the Bank’s 154th Fiscal Year (from
April 1, 2019 to March 31, 2020) and results of audits of the Consolidated
Financial Statements by the Accounting Auditor and the Audit &Supervisory Board
Proposals to be resolved:
Proposal No. 1: Appropriation of Surplus
Proposal No. 2: Election of Seven (7) Directors
Proposal No. 3: Election of Two (2) Audit & Supervisory Board Members

1Matters Disclosed via the Internet
 Of the documents needed to be attached to this notice of convocation, the following matters are, in
accordance with laws and regulations as well as Article 15 of the Articles of Incorporation of the Bank,
posted on the Bank’s website and are therefore not included with this document.
- “Systems to Ensure the Appropriateness of Business and Operational Status of the Systems” in theBusiness Report- Notes to the Non-consolidated Financial Statements- Notes to the Consolidated Financial Statements
As a result, the attached documents of this notice of convocation are a subset of the Business Report, theNon-consolidated Financial Statements and Consolidated Financial Statements audited by the Accounting
Auditor during preparation of the Independent Auditor’s Report, Non-consolidated Financial Statements,
and Consolidated Financial Statements audited by Audit & Supervisory Board Members during
preparation of the Audit Report.
 Any updates to the Reference Documents for the General Meeting of Shareholders, the Business Report,
the Non-consolidated Financial Statements and Consolidated Financial Statements will be posted on the
Bank’s website.
The Bank’s Website: https://www.fukushimabank.co.jp/

Information Related to the ConvocationWhen attending the meeting, please submit the enclosed Voting Rights Exercise Form at the reception
desk of the Bank’s head office on the day of the meeting for confirmation.
If you exercise your voting rights by proxy, you may appoint as a proxy one of the shareholders holding
voting rights. In such a case, a document evidencing the authority of proxy must be submitted by you or
the proxy.
Semiformal dress code will be implemented on the day of the meeting, and as such we would like to ask
shareholders to follow the same dress code when attending.
For the purpose of saving resources, please bring this convocation notice with you when attending
the meeting.

Exercise of Voting Rights:
You can exercise your voting right through either of following methods:(1) If you plan to attend the Meeting, please submit the enclosed voting form to the receptionist at the
Meeting.
Date/time: Tuesday, June 23, 2020 at 10:00 a.m. Japan time (Reception starts at 9:00 a.m.)(2) Exercise of Voting Rights in Writing
Please indicate your vote for or against the proposals on the enclosed Voting Rights Exercise Form andreturn it so that it is received by 5:00 p.m. on Monday, June 22, 2020 Japan time.
(3) Exercise of Voting Rights via Electromagnetic Means (the Internet, etc.)
Please access the Bank’s designated voting website, follow the instructions on the voting website, andindicate your vote for or against the proposals by 5:00 p.m. on Monday, June 22, 2020.

2

Reference Documents for the General Meeting of Shareholders
Proposals and References
Proposal No. 1: Appropriation of Surplus
The Bank proposes that year-end dividends for the 154th fiscal year be as follows, in consideration ofbusiness results for the fiscal year under review, the status of internal reserve and other factors.
Matters regarding year-end dividends(1) Type of dividend property
Cash(2) Matters related to the allocation of dividend property to shareholders and the total amountAmount per share of common stock of the Bank: ¥2.0
Total amount: ¥55,952,968(3) Effective date of dividends of surplus
June 24, 20203

Proposal No. 2:

Election of Seven (7) Directors

To clarify management responsibility for each fiscal year, the Articles of Incorporation of the Bank
specify that the terms of office of Directors shall be one year. Therefore, the terms of office of all current six(6) Directors will expire at the conclusion of this Annual General Meeting of Shareholders.
For the fiscal year ending March 31, 2021, the Bank proposes to have seven (7) Directors consisting offour (4) Inside Directors and three (3) Outside Directors, which include one (1) candidate for Outside
Director in accordance with the Capital and Business Alliance Agreement entered into with SBI Holdings,
Inc. on November 11, 2019.
Accordingly, the election of seven (7) Directors is proposed.
The candidates for Director are as follows:No.

1[Reappointment]

2[Reappointment]

3[Reappointment]

4[New appointment]

5

6

7

Current positions and responsibilities at the
Bank

Name

[Reappointment][Outside Director][Independent
Director][Reappointment][Outside Director][Independent
Director][New appointment][Outside Director][Independent
Director][Male]

Takahiro Kato

[Male]

Akinori Sato

[Male]

Toshihiko Sato

[Male]

Takenori Suzuki[Male]

Akira Koketsu[Female]Yumiko Nihei[Male]
Hirofumi Gomi

Attendance at Boardof Directors meetings

Director and President

100%(22/22)

Managing Director and General
Manager, Planning Headquarters

100%(22/22)

Director and General Manager, Main
Office Sales Department100%(22/22)

Executive Officer and Vice General
Manager, Sales Headquarters－

Director

100%(22/22)

Director

100%(22/22)－－[Outside Director]: Candidate for Outside Director[Independent Director]: Candidate for Independent Director as prescribed by the Tokyo Stock Exchange, Inc.

4

No.

Name
(Date of birth)

Past experience, positions and responsibilities at the Bank
Apr.
Mar.
Oct.
Jun.
Jun.
Jun.

Takahiro Kato
(Dec. 2, 1956)
1[Reappointment]

Jun.
Jun.
Jun.
Jun.
Aug.
May
Jun.
Jun.

1980 Joined THE TOHO BANK, LTD.
2000 Branch Manager, Koriyama-higashi Branch2003 Branch Manager, Sukagawa Branch2006 General Manager, Financial Markets Department
2007 General Manager, General Planning Department
2008 Director and General Manager, General Planning
Department
2009 Managing Director
2012 Managing Director (Representative Director)
2013 Senior Managing Director (Representative Director)
2015 Retired Director
Chairman, Fukushima Corporation
2015 Representative Director and President, Toho Securities Co.,Ltd.
2018 Retired Chairman, Fukushima Corporation
Retired Representative Director and President, Toho
Securities Co., Ltd.
2018 Advisor, the Bank
2018 Director and President (to the present)

Number ofcommonshares of the
Bank held

9,100
shares(Significant concurrent positions)―

2[Reasons for selection]
Mr. Takahiro Kato is well-versed in the region and the management of regional financial institutions, and has agood personality, insight, capability, and achievements. The Bank has thus judged that he is the most appropriate
person as a representative of the Bank.
Apr.
1980 Joined the Bank
Mar.
2000 General Manager, Taira-higashi BranchJun.
2001 General Manager, Tanagura BranchMay
2002 General Manager, Public Relations Section, Corporate
Planning Department
May
2003 General Manager, Corporate Sales Department, Main Office
Sales Department
Apr.
2005 General Manager, Corporate Relations Department, Main
Akinori Sato
Office Sales Department(Apr. 19, 1956)
Oct.
2005 General Manager, Soma Branch
11,500Jul.
2007 General Manager, Nihonmatsu Branchshares[Reappointment]Jul.
2009 General Manager, Aizu BranchJun.
2012 General Manager, Taira BranchJun.
2014 Executive Officer and General Manager, Planning
Headquarters
Jun.
2015 Director and General Manager, Planning Headquarters
Jun.
2019 Managing Director and General Manager, Planning
Headquarters (to the present)(Significant concurrent positions)―[Reasons for selection]
Mr. Akinori Sato has wide knowledge regarding sales, branch management, and planning of the Bank as amanager of core branches, Executive Officer, and Director, and the Bank wishes to continue to utilize thisknowledge in the management of the Bank.

5

No.

Name
(Date of birth)

Past experience, positions and responsibilities at the Bank
Apr.
Oct.

Toshihiko Sato
(Jul. 30, 1968)

Apr.
Mar.
Apr.
Aug.
Jun.

[Reappointment]

Jun.

3
Jun.

1991 Joined the Bank
2008 General Manager, Corporate Support Office, Corporate Sales
Team
2010 Senior Vice President, Corporate Support Office2011 General Manager, Revitalization Support Office2013 General Manager, Credit Management Office2015 General Manager, Credit Control Department
2016 Executive Officer and General Manager, Credit Department
and General Manager, Credit Control Department
2018 Director, General Manager, Operations Headquarters,
General Manager, Credit Department and General Manager,
Credit Control Department
2019 Director and General Manager, Main Office Sales
Department (to the present)

Number ofcommonshares of the
Bank held

4,600
shares(Significant concurrent positions)―

4[Reasons for selection]
Mr. Toshihiko Sato has served in positions such as General Manager of the Credit Department and General
Manager of the Credit Control Department, and has wide-ranging expertise and abundant experience not only inthe credit division, but also in the areas of credit management and business revitalization support. The Bank
therefore wishes to utilize this wide knowledge and experience in the business execution of the Bank.
Apr.
1992 Joined the Bank
Oct.
2009 Branch Manager, Arai BranchJun.
2011 Vice General Manager, Koriyama Sales Department
Apr.
2014 General Manager, Organization Development OfficeTakenori Suzuki(Jun. 17, 1966)
Aug.
2015 General Manager, Organization Development Department
3,000
sharesApr.
2017 Branch Manager, Taira Branch[New appointment]
Jun.
2018 Executive Officer and Vice General Manager, Sales
Headquarters (to the present)(Significant concurrent positions)―[Reasons for selection]
Mr. Takenori Suzuki has wide knowledge regarding sales, branch management, and planning of the Bank as amanager of core branches and Executive Officer, and the Bank wishes to continue to utilize this knowledge in the
management of the Bank.

6

No.

Name
(Date of birth)

Past experience, positions and responsibilities at the Bank
Apr.
Dec.
Dec.
Jun.

Akira Koketsu(Apr. 21, 1952)

5[Reappointment][Outside Director][Independent Director]

Jul.
Mar.
Apr.
Jun.
Apr.

1976 Joined Hakuhodo Incorporated
1995 General Manager, Sales Department
1999 Acting General Manager, Sales Bureau
2002 Representative Director and President, Fukushima Hakuhodo
Incorporated
Thereafter, served as Representative Director and President
and Director, Morioka Hakuhodo Incorporated, Akita
Hakuhodo Incorporated, Fukushima Hakuhodo Incorporated,
and Sendai Hakuhodo Incorporated and Director, Aomori
Hakuhodo Incorporated
2012 Advisor, Tohoku Hakuhodo Incorporated
2013 Retired Advisor
2013 Visiting Professor, Yamagata University (until March 2019)2013 Director, the Bank (to the present)
2020 Trustee (part-time), Yamagata University (to the present)

Number ofcommonshares of the
Bank held

6,300
shares(Significant concurrent positions)―

6[Reasons for selection]
Mr. Akira Koketsu has specialized knowledge regarding organizational management, marketing, and ethics, etc.,from his many years of experience as a corporate manager and as a university visiting professor (in charge ofengineering ethics), and the Bank wishes to continue to utilize this wide and advanced knowledge and experience,
etc., in the management of the Bank.
Apr.
1995 Part-time Instructor, Sakura no Seibo Junior College(Lifestyle Culture Theory)
Apr.
2000 Full-time Instructor, Sakura no Seibo Junior College
Apr.
2004 Chairperson, Fukushima Prefecture Joint Male-Female
Committee (until Feb. 2015)
Apr.
2006 Associate Professor, Sakura no Seibo Junior College
Yumiko Nihei
Apr.
2013 Professor, Career Education Department, Sakura no Seibo(Aug. 31, 1950)
Junior College (Japanese Constitution, Legal, Labour Laws,
4,300
Human Rights, Fukushima Studies, etc.)[Reappointment]
sharesOct.
2013 Committee Member, Fukushima Regional Labour[Outside Director]
Committee (until June 2016)[Independent Director]
Mar.
2016 Retired Sakura no Seibo Junior CollegeJun.
2016 Director, the Bank (to the present)Jun.
2019 Member of Fukushima Medical University Certified Review
Board (to the present)(Significant concurrent positions)―[Reasons for selection]
Ms. Yumiko Nihei has specialized knowledge regarding legal studies and women’s studies, etc., through many
years of instruction at Sakura no Seibo Junior College, etc., and has also served in many public positions such as
Committee Member, Fukushima Regional Labour Committee, and the Bank wishes to continue to utilize thiswide and advanced knowledge and experience, etc., in the management of the Bank. In addition, although Ms.
Nihei has no experience in corporate management other than serving as Outside Director, the Bank has judgedthat she will be able to fulfill duties of Outside Director in an appropriate manner based on the above reasons.

7

No.

7

Name
(Date of birth)

Past experience, positions and responsibilities at the Bank
Apr.

1972

Jul.

2001

Jul.

2002

Hirofumi Gomi
(May 13, 1949)

Jul.
Jul.

2004
2007

[New appointment][Outside Director][Independent Director]

Oct.
Oct.

2007
2009

Feb.

2015

June.

2017

Joined the Ministry of Finance (Okura-sho) (currently the
Ministry of Finance (Zaimu-sho))Director-General, Inspection Bureau, Financial Services
AgencyDirector-General, Supervisory Bureau, Financial Services
AgencyCommissioner, Financial Services Agency
Retired the position of the Commissioner, Financial
Services Agency
Counselor, Nishimura & Asahi
CEO, PricewaterhouseCoopers Research Institute (Japan)
Co., Ltd. (currently, PwC Research Institute (Japan) LLC)
Senior Adviser, The Boston Consulting Group (to thepresent)
Outside Director, SBI Holdings, Inc.
(Retired in June, 2019)

Number ofcommonshares of the
Bank held－(Significant concurrent positions)―[Reasons for selection]
After joining the Ministry of Finance (currently the Ministry of Finance), Mr. Hirofumi Gomi served as
Director-General of Inspection Bureau and Supervisory Bureau of Financial Services Agency, and then served asCommissioner of Financial Services Agency for three years. After he retired, he was engaged in corporate
management as an advisor or outside director of private sectors. The Bank therefore wishes him to provide
guidance and advice for the Bank’s management by utilizing his wide and advanced knowledge and experience infinancial administration and corporate management.
(Notes)1. There are no special interest relationships between each candidate and the Bank.
2. Mr. Akira Koketsu, Ms. Yumiko Nihei, and Mr. Hirofumi Gomi are candidates for Outside Director.
Mr. Akira Koketsu and Ms. Yumiko Nihei have been submitted to the Tokyo Stock Exchange as an Independent
Director based on the definitions of said Exchange, and if each of them are elected at this General Meeting, they arescheduled to continue to be an Independent Director. Additionally, if Mr. Hirofumi Gomi is elected at this General
Meeting, he is scheduled to become an Independent Director based on the definitions of the Tokyo Stock Exchange.
3. The Bank has concluded agreements with Mr. Akira Koketsu and Ms. Yumiko Nihei in accordance with Article 427,
Paragraph 1 of the Companies Act and the Bank’s Articles of Incorporation to limit their liabilities that correspond to
the requirements provided in Article 423, Paragraph 1 of the Companies Act. If each of them are reappointed, the Bankis scheduled to continue the agreement with them. Additionally, concerning Mr. Hirofumi Gomi, if his election isapproved at this General Meeting, the Bank is scheduled to conclude the above liability limitation agreement with him.
The maximum amount of liability for damages based on said agreement for Outside Directors is 15 million yen or theminimum amount of liability as stipulated in Article 425, Paragraph 1 of the Companies Act, whichever is higher.
4. The term of office of Mr. Akira Koketsu as Outside Director of the Bank will be seven years at the conclusion of this
General Meeting. Also, the term of office of Ms. Yumiko Nihei as Outside Directors of the Bank will be four years at
the conclusion of this General Meeting.
5. Mr. Akira Koketsu, Ms. Yumiko Nihei, and Mr. Hirofumi Gomi have not been business executors or executives of the
Bank or its subsidiaries.
6. Mr. Akira Koketsu, Ms. Yumiko Nihei, and Mr. Hirofumi Gomi are not parent companies, etc., of the Bank, and were
not parent companies, etc., of the Bank within the past five years.
7. Mr. Akira Koketsu, Ms. Yumiko Nihei, and Mr. Hirofumi Gomi are not business executors or executives of designatedaffiliated companies of the Bank, and were not business executors or executives of designated affiliated companies of
the Bank within the past five years.
8. Mr. Akira Koketsu, Ms. Yumiko Nihei, and Mr. Hirofumi Gomi are not scheduled to receive a significant amount ofcash or other property from the Bank or a designated affiliated company of the Bank, and have not received any within
the past two years.
9. Mr. Akira Koketsu, Ms. Yumiko Nihei, and Mr. Hirofumi Gomi are not spouses, relatives within the second degree, or
equivalent persons of a business executor or executive of the parent company, etc., of the Bank, the Bank, or adesignated affiliated company of the Bank.
10. Mr. Akira Koketsu, Ms. Yumiko Nihei, and Mr. Hirofumi Gomi were not business executors at a stock company forwhich the Bank succeeded rights and obligations via a merger, absorption-type split, incorporation-type demerger, ortransfer of business directly before said merger, etc., within the past two years.

8

Proposal No. 3: Election of Two (2) Audit & Supervisory Board Members
The terms of office of Audit & Supervisory Board Members, Mr. Naoto Yoshida and Mr. Shuji Shimizu,
will expire at the conclusion of this Annual General Meeting of Shareholders. Accordingly, the election of
two (2) Audit & Supervisory Board Members is proposed.
The Audit & Supervisory Board has approved this Proposal.
The candidates for Audit & Supervisory Board Members are as follows:
Number ofNamecommonNo.
Past experience, positions at the Bank
(Date of birth)shares of the
Bank held
Apr.
1982 Joined the Bank
Apr.
2004 Team Leader, Corporate Planning Team
Mar.
2006 Team Leader, Operation Development TeamJul.
2009 General Manager, Risk Management OfficeApr.
2010 General Manager, Sales Planning Office
Takashi Yanai
Apr.
2012 General Manager, Omiya Branch(Feb. 6, 1959)
Apr.
2014 General Manager, Administrative Control Office
8,843
Aug.
2015 General Manager, Administrative Planning Department
shares[New appointment]
Jun.
2016 Executive Officer and General Manager, Administrative
Headquarters
1
Jun.
2017 Director and General Manager, Administrative Headquarters(to the present)(Significant concurrent positions)―[Reasons for selection]
He has served in positions such as Team Leader of Corporate Planning Team, General Manager of Sales Planning
Office, and General Manager of Administrative Planning Department. Recently, he has demonstrated his ability
as Director and General Manager of Administrative Headquarters. Therefore, the Bank wishes to utilize this wide
knowledge and experience in the management of the Bank.

9

No.

Name
(Date of birth)

Past experience, positions at the Bank
Apr.
Jul.
Apr.
Jun.

Kazuo Suzuki(Jan. 6, 1959)[New appointment][Outside Audit &Supervisory Board
Member][Independent Auditor]

Apr.
Oct.
Jun.
Dec.
Apr.

2
Sep.
Jun.
May

1981 Joined Tokyo Office of Showa Audit Corporation (currently
Ernst & Young ShinNihon LLC)
1984 Joined Sendai Office of Tohmatsu & Aoki Audit
Corporation (currently Deloitte Touche Tohmatsu LLC)
1986 Joined Fukushima Office of Ernst & Young ShinNihon LLC
2007 Standing Secretary, The Japanese Institute of Certified
Public Accountants Tohoku Chapter
2010 Comprehensive External Auditor, Fukushima Prefecture2010 Chairman, Fukushima Prefecture Group, The JapaneseInstitute of Certified Public Accountants Tohoku Chapter
2015 Chairman, Fukushima Local Minimum Wage Council (to thepresent)
2017 Established Kazuo Suzuki Certified Public Accountant
Office (to the present)2018 Comprehensive External Auditor, Fukushima City (to thepresent)
Audit & Supervisory Board Member, Fukushima Medical
University (to the present)2018 Audit & Supervisory Board Member, Fukushima Innovation
Coast Framework Promotion Organization (to the present)
2019 Accounting Auditor, Iwaki Shinkumi, Ltd. (to the present)
2020 Director and Audit and Supervisory Committee Member,
Allenza Holdings Co., Ltd. (to the present)

Number ofcommonshares of the
Bank held－(Significant concurrent positions)―[Reasons for selection]
Mr. Kazuo Suzuki has worked at audit corporations for a long period time. During such period, he has served inpositions such as Accounting Auditor of a listed company in Fukushima Prefecture and Comprehensive External
Auditor of Fukushima Prefecture. Moreover, he holds positions including Chairman of Fukushima Local
Minimum Wage Council. In 2017, he established Kazuo Suzuki Certified Public Accountant Office. The Bank
therefore wishes to utilize this wide and advanced knowledge and experience, etc., in audits of management of
the Bank. In addition, although Mr. Suzuki has no experience in corporate management, the Bank has judged that
he will be able to fulfill duties of Outside Audit & Supervisory Board Member in an appropriate manner based on
the above reasons.
(Notes)
1.
2.
3.

4.
5.
6.
7.
8.

There are no special interest relationships between each candidate and the Bank.
Mr. Kazuo Suzuki is a candidate for Outside Audit & Supervisory Board Member, and is a candidate for Independent
Auditor that will not have conflicts of interest with general shareholders as required by the Tokyo Stock Exchange .
To allow for Outside Audit & Supervisory Board Members to adequately exercise their abilities during the course of
executing their expected duties, the Bank has defined in its Articles of Incorporation the ability to conclude agreements
to limit the liability for damages to the Bank to within a certain limit. The candidate for Outside Audit & Supervisory
Board Member Mr. Kazuo Suzuki has concluded said agreement with the Bank. The outline of the agreement is thatwhen he, as Outside Audit & Supervisory Board Member, becomes liable as stipulated in Article 423, Paragraph 1 of
the Companies Act, the maximum amount of liability for damages is 10 million yen or the minimum amount of limit
for liability as stipulated in Article 425, Paragraph 1 of the Companies Act, whichever is greater, if he acts in goodfaith and is not grossly negligent. If Mr. Kazuo Suzuki’s election is approved at this General Meeting, the Bank isscheduled to conclude the above liability limitation agreement with him.
Mr. Kazuo Suzuki has not been a business executor or executive of the Bank or its subsidiaries.
Mr. Kazuo Suzuki is not parent company, etc., of the Bank, and was not parent company, etc., of the Bank within thepast five years.
Mr. Kazuo Suzuki is not a business executor or executive of designated affiliated companies of the Bank, and was nota business executor or executive of designated affiliated companies of the Bank within the past five years.
Mr. Kazuo Suzuki is not scheduled to receive a significant amount of cash or other property from the Bank or adesignated affiliated company of the Bank, and has not received any within the past two years.
Mr. Kazuo Suzuki is not a spouse, relative within the second degree, or equivalent person of a business executor or
executive of the parent company, etc., of the Bank, the Bank, or a designated affiliated company of the Bank.

10

9.

Mr. Kazuo Suzuki was not a business executor at a stock company for which the Bank succeeded rights andobligations via a merger, absorption-type split, incorporation-type demerger, or transfer of business directly before said
merger, etc., within the past two years.

End

11

(Reference)

Standards for Determining Independence of Outside Officers
The Bank shall determine that a person is eligible to be an outside officer if the person satisfies theindependence requirements prescribed by the Tokyo Stock Exchange, Inc. and does not fall under any of thefollowing categories currently or recently.
1. A party for which the Bank is a major business partner or a business executor of such party.
2. A party who is a major business partner of the Bank or a business executor of such party.
3. A consultant, accounting specialist, or legal specialist who receives a significant amount of cash orother property from the Bank, aside from executive remuneration.
4. A party who receives more than a certain amount of donations or subsidies from the Bank, or abusiness executor of such party.
5. A major shareholder of the Bank or a business executor of such shareholder.
6. A spouse or a relative within the second degree of a party who falls under any of the following
categories (excluding parties who are not significant):(1) A party to whom 1 to 5 above applies.
(2) A business executor of the Bank or its subsidiaries.
7. A party who might potentially pose a continual and substantial conflict of interest with overall generalshareholders of the Bank due to reasons not provided in 1 to 6 above.

[Definitions]* “Recently” is used for cases that are considered effectively equivalent to the current condition, suchas cases where any of the categories listed above applied to a person at the time that content of the
proposal for election as an Outside Director or Outside Audit & Supervisory Board Member at a
General Meeting of Shareholders was determined.
* “A party for which the Bank is a major business partner” refers to:- In ordinary transactions, a counterparty whose transactions with the Bank accounted for 2% ormore of the counterparty’s consolidated net sales for the latest fiscal year.
- In financial transactions, a counterparty whose most significant debtor is the Bank and thechanges in the Bank’s financing policies will have a serious impact on the counterparty's
business.
* “A party who is a major business partner of the Bank” refers to:- In financial transactions, a major counterparty to which the Bank has loaned 1% or more of theBank’s total amount of assets.
- In deposit transactions, a major counterparty whose deposits in the Bank account for 1% or moreof the Bank’s total amount of deposits.
* “A significant amount” refers to an amount of 10 million yen or more on average for the past three
years.
* “More than a certain amount” refers to an amount of more than10 million yen on average for the past
three years.
* “A major shareholder” refers to a person or corporation, etc., which holds, either directly or indirectly,
voting rights of 10% or more of total voting rights at the end of the latest fiscal year.
* “Significant” refers to persons who are at the executive or managerial level at a company.

12