(English Translation)
This English translation is an abridged version of the original document in Japanese.
In the event of any discrepancy, the Japanese version prevails.

Securities code: 2477
September 2, 2022
To Our Shareholders:
Tetsuo Watanabe
President & CEOTemairazu, Inc.
1-21-3 Ebisu, Shibuya-ku, Tokyo

CONVOCATION NOTICE OF THE 19TH ANNUAL GENERAL MEETING OF
SHAREHOLDERS
We would like to express our appreciation for your continued support and patronage.
We hereby give notice of the 19th Annual General Meeting of Shareholders of Temairazu, Inc. (the“Company”) . The meeting will be held in accordance with the details described below.
In consideration of preventing the spread of the infection, we request you to refrain from attending themeeting and exercise your voting rights in advance in writing or through the Internet as much as possible.
Please review the Reference Documents for the Annual Meeting of Shareholders as described hereinafter andexercise your voting rights by no later than 6:00 p.m. on Tuesday, September 20, 2022, Japan Time.
1. Date and Time: Wednesday, September 21, 2022 at 10:00 a.m., Japan time (reception starts at 9:30 a.m.)
2. Place: Conference Space ABC, 5F EBISU SUBARU BUILDING “EVENT SPACE EBiS 303,”
1-20-8 Ebisu, Shibuya-ku, Tokyo, Japan
3. Meeting Agenda:
Matters to be reported: The Business Report and Non-consolidated Financial Statements for theCompany’s 19th Fiscal Year (July 1, 2021 – June 30th, 2022)
Proposals to be resolved:
Proposal 1:
Dividend of Surplus
Proposal 2:
Partial Amendments to the Articles of Incorporation
Proposal 3:
Election of Two (2) Directors (Excluding Directors Who Are Audit andSupervisory Committee Members)Guidance for Exercising Your Voting Rights

Exercise of voting rights by attending the meeting:If you attend the meeting, please submit the enclosed Voting Rights Exercise Form at the reception desk on theday of the meeting (Opens at 9:30 a.m. on Wednesday, September 21, 2022).

Exercise of voting rights by mail (in writing):
Please review the Reference Documents for the General Meeting of Shareholders and return the Voting
Rights Exercise Form with your votes by mail. The completed form must reach us by 6:00 p.m. on Tuesday,
September 20, 2022 (JST).

Exercise of voting rights via the Internet:
Please access the website for exercising voting rights (https://www.web54.net [in Japanese only]), use the“Login ID” and “Temporary Password” shown on the enclosed Voting Rights Exercise Form, and then indicate
your approval or disapproval of each proposal by following the instructions on the screen. Internet voting must
be completed by 6:00 p.m. on Tuesday, September 20, 2022 (JST).
* Please note that the website (https://www.web54.net) will not be available due to maintenance from5:00 a.m. on September 17, 2022 to 5:00 a.m. on September 20, 2022(JST).

Reference Documents for the General Meeting of Shareholders
Proposal 1: Dividend of Surplus
The return of profit to our Shareholders is one of the top priorities for the management of the Company. Ourbasic policy for the allocation of profit is to endeavor to improve our operational results in order to achieve thecontinual and stable payment of dividends, with a target payout ratio of about 22.5%.
Based on this policy, we propose the payment of JPY 15 per share as the year-end dividend for the 19th fiscal
year as described below, in comprehensive consideration of the operational results for the fiscal year underreview, the stable distribution of dividends, and other factors.
The total dividend for this period shall be JPY 27.50 per share, including JPY 12.50 per share for the first halfof the period that has already been paid as an interim dividend.

Matters related to year-end dividends(1) Assets subject to dividend: Cash
(2) Allotment of dividend to the shareholders and its total amount:
JPY 15 per 1 common share of the Company
Total amount of dividend: JPY 97,184,055(3) Date of which the distribution of the surplus will be effective: September 22, 2022

Proposal 2: Partial Amendments to the Articles of Incorporation
1. Reasons for Amendments
Since the amended provisions stipulated in the proviso of Article 1 of the Supplementary Provisions of the"Act for Partial Amendment of the Companies Act" (Act No. 70 of 2019) has came into effect on September 1,
2022, the Company’s Articles of Incorporation shall be amended as follows in preparation for the introductionof an electronic provision system for materials for general meetings of shareholders:(1) Article 14, Paragraph 1 of the proposed amendment stipulates that the Company shall take measures toprovide electronically the information contained in Reference Documents for General Meeting
Shareholders, etc.
(2) Article 14, Paragraph 2 of the proposed amendment shall establish provisions to limit the scope of mattersto be stated in the documents to be delivered to shareholders who have made a request for delivery ofdocuments.
(3) The provisions regarding Internet disclosure and deemed provision of the Referential Documents Regarding
the Exercise of Voting Rights, etc. (Article 14 of the current Articles of Incorporation) will no longer benecessary and therefore shall be deleted.
(4) In conjunction with the above establishment and deletion, supplementary provisions concerning theeffective date, etc. shall be established. These supplementary provisions shall be deleted after the expirationdate.
2. Details of Amendments
The details of the amendments are as follows:
Current Articles of Incorporation(Disclosure via the Internet of Reference
Documents for General Meeting of Shareholders,etc., and the Deemed Provision of Information)
Article 14 When convening a general meetingof shareholders, the Company may
deem that information pertaining tomatters to be stated or indicated in
the Referential Documents
Regarding Business Report,
Financial Statements andConsolidated Financial Statements
has been provided to shareholders
by means of disclosure through theInternet in accordance with theOrdinance of the Ministry ofJustice.

Proposed amendments(Deleted)

Current Articles of Incorporation(Newly established)

Proposed amendments(Measures, etc. for Electronic Provision ofMaterials for General Meetings of Shareholders)
Article 14 When convening a general meeting ofshareholders, the Company shall takemeasures to provide electronicallythe information contained inReference Documents for General
Meeting Shareholders, etc.
2 The Company may omit all or part ofthe matters set forth in the applicableordinance of the Ministry of Justicein relation to those which theCompany takes measures forelectronic provision to shareholders
who have made a request for deliveryof documents no later than the record
date for the voting rights.

(Unchanged)

Supplementary Provisions(Transitional Measures for Limited Liability
Agreements of Outside Audit & Supervisory Board
Members)(Newly established)(Transitional Measures for Measures, etc. for
Providing Information in Electronic Format)
1 Notwithstanding the provisions of thepreceding Paragraph, Article 14 of theArticles of Incorporation prior to theamendment shall remain in effect withrespect to the general meeting ofshareholders to be held on a day fallingwithin six (6) months after the EffectiveDate.
2 These Supplementary Provisions shall bedeleted after six (6) months have elapsed
from the Effective Date or three (3) months
have elapsed from the date of the general
meeting of shareholders set forth in thepreceding Paragraph, whichever comes later.

Proposal 3: Election of Two (2) Directors (Excluding Directors Who Are Audit and Supervisory
Committee Members)
The terms of office of all two (2) Directors (excluding Directors who are Audit and Supervisory CommitteeMembers) will expire at the conclusion of this General Meeting of Shareholders. Accordingly, the Company
proposes to elect two (2) Directors (excluding Directors who are Audit and Supervisory Committee Members).
The Audit and Supervisory Committee expressed no objection to this proposal.
The candidates for director are as shown below.
No. Name
Career summary(Date of birth)(Position and responsibilities at the Company and other current key positions)1
TetsuoApr. 1998
Joined CSK Venture Capital Co., Ltd.
WatanabeAug. 2003
Founded Hikaku.com Corp. (currently Company)(Oct 16, 1971)
President & CEO of the Company (current)
・No. of Company shares owned: 3,873,000
・Status of attendance to Board of Directors meeting: 17/17 (100%)・Tenure: 19 years< Reason for Election for the Director Candidate >Tetsuo Watanabe established the Company in Aug 2003 and assumed the position ofRepresentative Director. Since then, he has been appropriately fulfilling his role in making
decisions on important management matters and executing business operations for many years.
He is expected to continue to make appropriate management decisions and contribute to theenhancement of the Company's corporate value, and we therefore request his continued
election as a director.

No.

Name(Date of birth)

Career summary (Position and responsibilities at the Company and othercurrent key positions)

2

Kazuo Suzuki(Aug 4, 1972)

Apr. 1998

Registered as a lawyer (Daini Tokyo Bar Association)

Apr. 1998

Lawyer at Fujimitsu & Suzuki Law Office

Sep. 2010

Outside Director of the Company (current)

Jun. 2021

Audit and Supervisory Board Member of Tsukasa Rubber
And Electric Material Co., Ltd. (current)

Nov. 2021

Audit and Supervisory Board Member of CELLPOLE
INDUSTRIES, CO., LTD

・No. of Company shares owned: ・Status of attendance to Board of Directors meeting: 17/17 (100%)・Tenure: 12 years< Reason for Election for the Outside Director Candidate >Kazuo Suzuki has broad insight with legal knowledge developed as an attorney-at-law, and webelieve that he will be able to appropriately perform his duties as an outside director. Although
he has no direct experience of being involved in corporate management other than as anoutside officer, we request his appointment in the expectation that he will apply his knowledge
and experience to the supervision of the Company's management from a standpoint
independent of the management team that conducts the Company's business.

Notes:
1. There is no special interest between the candidates and the Company.
2. Kazuo Suzuki is candidate for outside director and he is currently outside director of the Company. The
number of years since his appointment as an outside director of the Company will be 12 years at theconclusion of this Ordinary General Meeting of Shareholders.
Company has designated Kazuo Suzuki as independent director based on the regulations of the Tokyo Stock
Exchange, Inc., and has notified the exchange of the same. If his reappointment is approved, the Company
will continue to appoint him as an independent director.
3. In accordance with Article 427, Paragraph 1 of the Companies Act, the Company has entered into a contract
for limitation of damage liability prescribed in Article 423, Paragraph 1 of the Companies Act with Kazuo
SUZUKI, setting forth that the maximum extent of the damage liability payable thereunder should be
10,000,000 JPY or the amount set forth in Article 425, Paragraph 1 of the Companies Act whichever ishigher. If his reappointment is approved, this contract will continue to be in effect.
4. Mr. Tetsuo Watanabe is a major shareholder of the Company and constitutes a parent company, etc. as
defined in Article 2-4-2 of the Companies Act.

< Reference >Composition of officers and Skill Matrix(expected after the conclusion this General Meeting)
Name

Positions held atCompany (planned)

theIndependent Nomination
andDirectors Compensation
Committee

TetsuoWatanabePresident &CEOKazuo
Suzuki

OutsideDirectorYoshirou
Nagamata

OutsideDirector●●Audit andSupervisoryCommittee
Member(Full-time)●

Expertise & Experience
Corporate
Financial
Management Accounting●

Finance/M&A

Legal/
Risk
Management●●

Sales &Marketing●

IT/Global
Technology●●(Chairperson)●

Yuki
Yamamoto

OutsideDirector

Audit andSupervisory
Committee
Member●●Tomohiro
Suzaki

OutsideDirector

Audit andSupervisory
Committee
Member●

●

●

●

●

●

●

●
●