Note: This document has been translated into English from the original Japanese text for reference purpose only. In theevent of any discrepancy between this document and the original Japanese text, the original Japanese text shallprevail. The Company assumes no responsibility for the accuracy of this translation.

[Cover page]
Document title:

Extraordinary Report

Submitted to:

Director-General of the Kanto Local Finance Bureau

Date of submission:

May 1, 2017

Company name:

ピジョン株式会社 (Pigeon Kabushiki Kaisha)Company name in English:

Pigeon Corporation

Title and name of representative:

Shigeru Yamashita, President and COOAddress of registered head office:4-4, Nihonbashi-Hisamatsu-cho, Chuo-ku, Tokyo

Telephone number:+81-3-3661-4200 (Main switchboard)

Name of contact person:

Takatoshi Urakari, Managing Officer and Division Manager of
Human Resources & General Affairs Div.

Nearest place of contact:

4-4, Nihonbashi-Hisamatsu-cho, Chuo-ku, Tokyo

Telephone number:+81-3-3661-4189

Name of contact person:

Takatoshi Urakari, Managing Officer and Division Manager of
Human Resources & General Affairs Div.

Place for public inspection:

Tokyo Stock Exchange, Inc.
(2-1, Nihonbashi-Kabuto-cho, Chuo-ku, Tokyo)

1. Reason for submission
At the 60th Ordinary General Meeting of Shareholders of Pigeon Corporation held on April 27, 2017, resolutions ofthe matters to be resolved were made, therefore, this Extraordinary Report is submitted pursuant to the provisionsof Article 24-5, Paragraph 4 of the Financial Instruments and Exchange Act and Article 19, Paragraph 2, Item 9-2of the Cabinet Office Ordinance on the Disclosure of Corporate Affairs, etc.
2. Body of report(1) Date of the General Meeting of Shareholders
April 27, 2017
(2) Details of the matters for resolution
Proposal:Appropriation of Surplus
Year-end dividends
1. Type of dividend property: Cash
2. Dividend property allotment and total amount thereof
Dividend per common share of the Company:¥28(Ordinary dividend: ¥25; Commemorative dividend: ¥3)
Total amount of dividends:¥3,353,323,204
3. Effective date of distribution of dividends from surplus: April 28, 2017(3) Number of voting rights exercised as the manifestation of the intention of approval, disapproval or abstention
for the matters for resolution; requirement for adoption thereof; and resolution results thereof

Matters for resolutionProposal
Note:

Number ofApproval
Votes
1,013,568

Number ofDisapproval
Votes
225

Number ofAbstentions

Requirement
for Adoption

Resolution Resultand Approval Ratio

1,464(Note)

Approved, 99. 54%

The requirement for adoption of the proposal is approval by a majority of the votes of shareholders present
who are entitled to exercise voting rights.

(4) Reason why a portion of the number of voting rights of the shareholders present at the meeting was notincluded in the number of voting rights
The sum of the number of voting rights exercised by the date immediately before the date of the General
Meeting of Shareholders and the number of voting rights of a part of the shareholders present at the General
Meeting of Shareholders in person whose intention of approval or disapproval for the proposal was confirmed
satisfied the requirement for adoption of the proposal, and the resolution has been adopted pursuant to theCompanies Act. Therefore, the number of voting rights of the shareholders present at the General Meeting ofShareholders in person whose intention of approval, disapproval or abstention was not confirmed has not been
included in the calculation.

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