Note: This document has been translated from a part of the Japanese original for reference purposes only. In
the event of any discrepancy between this translated document and the Japanese original, the original shallprevail. The Company assumes no responsibility for this translation or for direct, indirect or any other formsof damages arising from the translation.
(Stock Exchange Code 1822)
June 6, 2018
To Shareholders with Voting Rights:
Kenichi Osumi
Representative Director
DAIHO CORPORATION
24-4, Shinkawa 1-Chome, Chuo-ku, TokyoNOTICE OF CONVOCATION OF
THE 69TH ANNUAL GENERAL MEETING OF SHAREHOLDERS
We would like to express our appreciation for your continued support and patronage.
You are cordially invited to attend the 69th Annual General Meeting of Shareholders of DAIHOCORPORATION (the “Company”). The meeting will be held for the purposes as described below.
If you are unable to attend the meeting, you may exercise your voting rights in writing or via the Internetetc. Please review the attached Reference Documents for the General Meeting of Shareholders and exercise
your voting rights in accordance with the guidance on the following pages by 5:30 p.m. on Wednesday, June27, 2018, Japan time.
1. Date and Time:Thursday, June 28, 2018 at 10:00 a.m. Japan time

2. Place:

BF Conference room at the Corporate Headquarters located at24-4, Shinkawa 1-Chome, Chuo-ku, Tokyo, Japan

3. Meeting Agenda:
Matters to be reported: 1. The Business Report and Non-Consolidated Financial Statements for theCompany’s 69th Fiscal Year (April 1, 2017 - March 31, 2018)
2. Consolidated Financial Statements for the Company’s 69th Fiscal Year
(April 1, 2017 - March 31, 2018) and results of audits by the IndependentAuditor and the Board of Corporate Auditors of the Consolidated FinancialStatements
Proposals to be resolved:
Appropriation of Surplus
Proposal 1:
Consolidation of the Company's Shares
Proposal 2:
Election of 1 Director
Proposal 3:-1-4. Disclosure via the Internet:
From among the document to be provided with this Notice, Consolidated Statements of Changes in Net
Assets and Notes to Consolidated Financial Statements of Consolidated Financial Statements, as well as
Non-Consolidated Statements of Changes in Net Assets and Notes to Non-Consolidated Financial Statementsof Non-Consolidated Financial Statements, are posted on the Company’s website (http://www.daiho.co.jp) in
accordance with laws and regulations as well as Article 18 of the Company’s Articles of Incorporation andtherefore are not provided in the Appendix of this Notice.
The Consolidated Statements of Changes in Net Assets, Notes to Consolidated Financial Statements,
Non-Consolidated Statements of Changes in Net Assets and Notes to Non-Consolidated Financial Statements
were also audited by the Independent Auditor and the Board of Corporate Auditors during the preparation of
their respective audit reports as documents that constitute part of the Consolidated Financial Statements andNon-Consolidated Financial Statements.
________________________________________________________________________________________
 When attending the meeting, please submit the enclosed Voting Rights Exercise Form at the reception desk.
 Should the Business Report, Non-Consolidated Financial Statements, Consolidated Financial Statements,
and the Reference Documents for the General Meeting of Shareholders require revisions, the revisedversions will be posted on the Company’s website (http://www.daiho.co.jp).

-2-Reference Documents for the General Meeting of Shareholders
Proposals and References
Proposal 1:

Appropriation of Surplus

The Company holds a basic policy of maintaining and enhancing stable dividends while improving thefinancial strength as a basis for long-term development. It is proposed that the year-end cash dividend for the69th fiscal year be ¥15.0 per share of common stock, in comprehensive consideration of the financial results
and management environment during the fiscal year under review.
Matters relating to the year-end cash dividend(1) Matters related to the distribution of dividend properties and the total amount thereof¥15.0 per share of the Company’s common stock
Total amount of dividends ¥ 1,296,601,875(2) Effective date of dividends of surplus
June 29, 2018

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Consolidation of the Company's Shares

1. Purpose of the share consolidation
All domestic stock exchanges of Japan have announced the “Action Plan for Consolidating Trading
Units” and aim to uniformly adopt the share trading unit of 100 shares with regard to the common stocks ofthe domestic companies listed by October 2018.
The Company respects this intent as a listed company on the Tokyo Stock Exchange (TSE), and has
decided by resolution of the Board of Directors meeting held on May 11, 2018 to change its share trading
unit from 1,000 shares to 100 shares, subject to the approval of this proposal as proposed at this meeting. Inaddition, taking into account the amount of investment units that stock exchanges consider appropriate(¥50,000 or more and less than ¥500,000) and fluctuations of stock prices in the medium-to-long term, ashare consolidation will be executed to adjust the amount of investment units to an appropriate level.
2. Consolidation ratio
We shall propose to consolidate shares of the Company’s common stock at a one-for-five consolidation
ratio.
When fractions of less than one share are generated as a result of the share consolidation, such fractions
will be disposed of collectively pursuant to the provisions of Article 235 of the Companies Act, and theproceeds from the disposal will be distributed to the shareholder concerned in accordance with the ratio offractions.
3. Effective date of the share consolidation
October 1, 2018
4. Total number of shares authorized to be issued as of the effective date
32,000,000 shares
Upon the share consolidation, the Company shall be deemed to have amended the provisions of theArticles of Incorporation pertaining to the total number of shares authorized to be issued, as of the effective
date of the share consolidation, in accordance with the provisions of Article 182, Paragraph 2 of theCompanies Act.
(Reference)
If this proposal is approved as proposed, the Articles of Incorporation of the Company will be partiallyamended on October 1, 2018, as follows.
(The underlined parts are amended.)
Current Articles of Incorporation
Proposed amendmentsArticle 6. The total number of shares authorized Article 6. The total number of shares authorized
to be issued by the Company shall be
to be issued by the Company shall be
160,000,000.
32,000,000.
Article 8. The number of shares of the Company
constituting one trading unit shall be
1,000.

-4-Article 8. The number of shares of the Company
constituting one trading unit shall be100.

Proposal 3:

Election of 1 Director

The term of office of Director Kenichi Osumi will expire at the conclusion of this year’s Annual General
Meeting of Shareholders. Accordingly, the election of 1 Director is proposed.
The candidate is as follows:
Name(Date of birth)

Past experience, positions, responsibilities,
and significant concurrent positions
April 1974
April 2002
August 2004
April 2006
April 2007
February 2008
June 2008
April 2010
June 2010

Number ofshares of theCompany held

Joined the Company
General Manager, Works Department, Hiroshima Branch
General Manager, Civil Engineering Department, Tokyo Branch
Deputy General Manager, Tokyo Branch
Deputy General Manager, Tohoku Branch
General Manager, Tohoku Branch
Executive Officer; General Manager, Tohoku Branch
Kenichi Osumi
Managing Executive Officer; General Manager, Tohoku Branch19,983(October 24, 1951)
Director; Managing Executive Officer; General Manager,Tohoku Branch
April 2012
Director; Senior Managing Executive Officer; General Manager,Tohoku Branch
April 2016
Director; Operating Vice President; General Manager, Tohoku
BranchApril 2017
Representative Director; Operating Vice President
June 2017
Representative Director; President (to present)[Reasons for nomination as candidate for Director]
Mr. Kenichi Osumi has abundant experience with the business operations of the Company, has been responsible forexecuting the resolutions of the Board of Directors as a Representative Director, and also provides strong leadership in theGroup. Therefore, the Company nominates him as a candidate for Director again.
(Note)
There are no special interests between the candidate for Director and the Company.

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