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.
(Securities Code 1833)
June 7, 2016
To Shareholders with Voting Rights:
Takanori Okumura
President and Representative Director
OKUMURA CORPORATION
2-2-2, Matsuzaki-cho, Abeno-ku,
Osaka-shi, Osaka

NOTICE OF
THE 79TH 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 79th Annual General Meeting of Shareholders of OKUMURA
CORPORATION (the “Company”). The meeting will be held for the purposes as described below.
If you are unable to attend the meeting, you can exercise your voting rights in writing. Please review theattached Reference Documents for the General Meeting of Shareholders, indicate your vote for or against the
proposals on the enclosed Voting Rights Exercise Form and return it so that it is received by 5:15 p.m. on
Tuesday, June 28, 2016, Japan time.
1. Date and Time:

Wednesday, June 29, 2016 at 10:00 a.m. Japan time

2. Place:

Head Office of the Company, located at2-2-2, Matsuzaki-cho, Abeno-ku, Osaka-shi, Osaka

3. Meeting Agenda:
Matters to be reported: 1. The Business Report and the Consolidated Financial Statements for the 79th
Fiscal Year (April 1, 2015 - March 31, 2016) and results of audits of theConsolidated Financial Statements by the Accounting Auditor and the Boardof Corporate Auditors
2. Non-consolidated Financial Statements for the 79th Fiscal Year (April 1,2015 - March 31, 2016)
Proposals to be resolved:
Appropriation of Surplus
Proposal 1:
Partial Amendments to the Articles of Incorporation
Proposal 2:
Election of Seven (7) Directors (Excluding Directors Who Are Audit andProposal 3:
Supervisory Committee Members)
Election of Five (5) Directors Who Are Audit and Supervisory Committee
Proposal 4:
Members
Determination of the Amount of Remuneration to Directors
Proposal 5:(Excluding Directors Who Are Audit and Supervisory Committee Members)
Determination of the Amount of Remuneration to Directors Who Are Audit andProposal 6:
Supervisory Committee Members------------------------------------------------------------------------------------------------------------------------------------When attending the meeting, please submit the enclosed Voting Rights Exercise Form at the reception
desk.
Should the Reference Documents for the General Meeting of Shareholders, the Business Report, theNon-consolidated Financial Statements or the Consolidated Financial Statements require revisions, therevised versions will be posted on the Company’s website (http://www.okumuragumi.co.jp/).
To save electricity, the venue will be moderately air conditioned and the Cool Biz (light clothing) dress
code will be observed at the meeting. Shareholders who attend the meeting are encouraged to wear
light clothing.

-1-Reference Documents for the General Meeting of Shareholders
Proposals and References
Proposal 1: Appropriation of Surplus
The Company recognizes the distribution of profits as one of the most important managerial issues
and makes it a basic policy to maintain a stable dividend of ¥9 per share or an amount according to
the Company’s business performance, namely an amount equivalent to the payout ratio of 50%,
whichever is higher, based on the overall consideration of the Company’s financial situation andother factors.
In line with this policy, the year-end dividend and the appropriation of surplus for the fiscal year
under review are proposed as follows.
1. Year-end dividend(1) Type of property for dividend
Cash(2) Allotment of property for dividends to shareholders and total amount thereof¥21 per share of the Company’s common stock
Total amount: ¥4,183,975,068(3) Effective date of distribution of surplus
June 30, 2016
2. Appropriation of surplus(1) Item and amount of surplus that will increase
General reserve(2) Item and amount of surplus that will decrease
Retained earnings brought forward-2-¥4,400,000,000¥4,400,000,000

Proposal 2:

Partial Amendments to the Articles of Incorporation

1. Reasons for the amendment
In order to enhance the corporate value of the Company by further reinforcing the corporate
governance structure through strengthening the supervisory function of the Board of Directors andallowing agile decision-making in management, the Company intends to transition to a Company
with an Audit and Supervisory Committee. For this purpose, the Company’s Articles of Incorporation
are to be partially amended to newly establish provisions regarding the Audit and Supervisory
Committee and Audit and Supervisory Committee Members and remove the provisions concerning
the Board of Corporate Auditors and Corporate Auditors, etc.
In addition, the provisions allowing the Company to enter into an agreement to limit liabilities fordamages are to be amended to enable Directors who do not execute business to fully perform their
expected roles.
For this amendment, the consent of each Corporate Auditor has been obtained.
2. Details of the amendments
The details of the amendments are as follows.
The amendments shall become effective at the conclusion of this General Meeting of Shareholders.
(Proposed amendments are underlined.)
Current
Proposed amendment
Chapter I. General Provisions
Chapter I. General Provisions
Article 4. The Company shall have a general
meeting of shareholders, Directors andthe following governing bodies:
1. Board of Directors
2. Corporate Auditors
3. Board of Corporate Auditors
4. Accounting Auditor

Article 4. The Company shall have a general
meeting of shareholders, Directors andthe following governing bodies:
1. Board of Directors
2. Audit and Supervisory Committee(Deleted)
3. Accounting Auditor

Articles 5. to 12. (Omitted)

Articles 5. to 12. (Unchanged)

Chapter III. Directors and Board of Directors

Chapter III. Directors and Board of Directors

Article 13. The number of Directors of theCompany shall not exceed ten (10).

Article 13. The number of Directors of theCompany (excluding Directors who are
Audit and Supervisory Committee
Members) shall not exceed ten (10).
The number of Directors of the Company
who are Audit and Supervisory
Committee Members shall not exceed
five (5).

Article 14. Directors shall be elected at a general
meeting of shareholders.
A resolution for the election of Directors
shall be adopted by a majority vote of theshareholders in attendance who holdone-third (1/3) or more of the voting
rights of shareholders entitled to exercise
voting rights.
No cumulative voting shall be used forthe election of Directors.

Article 14. Directors shall be elected at a general
meeting of shareholders, distinguishing
Directors who are Audit and Supervisory
Committee Members and Directors who
are not.
A resolution for the election of Directors
shall be adopted by a majority vote of theshareholders in attendance who holdone-third (1/3) or more of the voting
rights of shareholders entitled to exercise
voting rights.
No cumulative voting shall be used forthe election of Directors.

-3-Current
Article 15. The term of office of a Director shall
expire upon conclusion of the annual
general meeting of shareholders held withrespect to the last fiscal year ending
within one (1) year from his/her election.

Proposed amendment
Article 15. The term of office of a Director(excluding Directors who are Audit andSupervisory Committee Members) shall
expire upon conclusion of the annual
general meeting of shareholders held withrespect to the last fiscal year ending
within one (1) year from his/her election.
The term of office of a Director who is an
Audit and Supervisory Committee
Member shall expire upon conclusion of
the annual general meeting ofshareholders held with respect to the last
fiscal year ending within two (2) years
from his/her election.
The term of office of a Director who is an
Audit and Supervisory Committee
Member who was elected to fill avacancy caused by retirement of a
Director who was an Audit andSupervisory Committee Member prior to
the expiry of his/her term of office shallbe the same as the remaining term ofoffice of the retired Director who was an
Audit and Supervisory Committee
Member.

Article 16. The Board of Directors shall, byresolution, elect Representative Directors.
The Board of Directors may, byresolution, appoint one (1) Chairperson
and one (1) President from among theRepresentative Directors.

Article 16. The Board of Directors shall, byresolution, elect Representative Directors
from among the Directors (excluding
Directors who are Audit and Supervisory
Committee Members).
The Board of Directors may, byresolution, appoint one (1) Chairperson
and one (1) President from among theRepresentative Directors.

Article 17.

Article 17.

(Omitted)(Unchanged)

Article 18. A notice of convocation of a Board of
Directors meeting shall be issued to each
Director and Corporate Auditor at least
three (3) days prior to the meeting;provided, however, that in the event ofurgency, such period may be shortened.

Article 18. A notice of convocation of a Board of
Directors meeting shall be issued to each
Director at least three (3) days prior tothe meeting; provided, however, that in
the event of urgency, such period may
be shortened.

(Newly established)

Article 19. Pursuant to the provisions of Article399-13, Paragraph 6 of the Companies
Act, the Board of Directors, byresolution, may delegate to Directors inwhole or in part decision-making onimportant business execution (excluding
the matters listed in each Item of
Paragraph 5 of the same Article).

Articles 19. to 20.

(Omitted)

Articles 20. to 21.

-4-(Unchanged)

Current
Article 21. Remunerations, bonuses and any otherfinancial benefits to be paid to Directors
by the Company as consideration for the
execution of their duties (hereinafterreferred to as “remuneration, etc.”) shallbe determined by resolution of thegeneral meeting of shareholders.

Proposed amendment
Article 22. Remunerations, bonuses and any otherfinancial benefits to be paid to Directors
by the Company as consideration for the
execution of their duties (hereinafterreferred to as “remuneration, etc.”) shallbe determined by resolution of thegeneral meeting of shareholders.
Remuneration, etc., to Directors shall be
determined, distinguishing Directors who
are Audit and Supervisory Committee
Members and Directors who are not.

Article 22. Pursuant to the provisions of Article 427,
Paragraph 1 of the Companies Act, theCompany may enter into an agreementwith Outside Directors to limit their
liability for damages arising fromnegligence in the performance of theirduties; provided that the limit of liability
under such agreement shall be the amountprovided for by laws and regulations.

Article 23. Pursuant to the provisions of Article 427,
Paragraph 1 of the Companies Act, theCompany may enter into an agreementwith Directors (excluding Executive
Directors, etc.) to limit their liability fordamages arising from negligence in theperformance of their duties; provided thatthe limit of liability under such agreement
shall be the amount provided for by laws
and regulations.

Chapter IV.Corporate Auditors and Board of
Corporate Auditors(Deleted)

Article 23. The number of Corporate Auditors of theCompany shall not exceed five (5).

(Deleted)

Article 24. Corporate Auditors shall be elected at a
general meeting of shareholders.
A resolution for the election of Corporate
Auditors shall be adopted by a majority
vote of the shareholders in attendance
who hold one-third (1/3) or more of thevoting rights of shareholders entitled toexercise voting rights.

(Deleted)

Article 25. The term of office of a Corporate Auditor
shall expire upon conclusion of theannual general meeting of shareholders
held with respect to the last fiscal year
ending within four (4) years from his/herelection.
The term of office of a Corporate Auditor
who was elected to fill a vacancy causedby retirement of a Corporate Auditor
prior to the expiry of his/her term ofoffice shall be the same as the remaining
term of office of the retired Corporate
Auditor.

(Deleted)

Article 26. The Board of Corporate Auditors shall,by resolution, elect one or more Full-time
Corporate Auditors.

(Deleted)-5-

Current
Article 27. A notice of convocation of a Board of
Corporate Auditors meeting shall be
issued to each Corporate Auditor at least
three (3) days prior to the meeting;provided, however, that in the event ofurgency, such period may be shortened.

Proposed amendment(Deleted)

Article 28. The matters relating to the Board of
Corporate Auditors shall be governed by,in addition to laws and regulations andthese Articles of Incorporation, the Boardof Corporate Auditors Regulations
adopted by the Board of Corporate
Auditors.

(Deleted)

Article 29. Remuneration, etc., for Corporate
Auditors shall be determined byresolution of the general meeting ofshareholders.

(Deleted)

Article 30. Pursuant to the provisions of Article 427,
Paragraph 1 of the Companies Act, theCompany may enter into an agreementwith Outside Corporate Auditors to limit
their liability for damages arising fromnegligence in the performance of theirduties; provided that the limit of liability
under such agreement shall be the amountprovided for by laws and regulations.

(Deleted)(Newly established)

Chapter IV. Audit and Supervisory Committee(Newly established)

Article 24. The Audit and Supervisory Committee
may, by resolution, elect several
Full-time Audit and Supervisory
Committee Members.

(Newly established)

Article 25. A notice of convocation of an Audit andSupervisory Committee meeting shall be
issued to each Audit and Supervisory
Committee Member at least three (3)days prior to the meeting; provided,
however, that in the event of urgency,such period may be shortened.

(Newly established)

Article 26. The matters relating to the Audit andSupervisory Committee shall be governedby, in addition to laws and regulations
and these Articles of Incorporation, theAudit and Supervisory Committee
Regulations adopted by the Audit andSupervisory Committee.

Chapter V. General Meeting of Shareholders

Chapter V. General Meeting of Shareholders

Articles 31. to 36.

(Omitted)

Articles 27. to 32.

Chapter VI. Accounts
Articles 37. to 39.

(Omitted)(Unchanged)

Chapter VI. Accounts
Articles 33. to 35.

-6-(Unchanged)

Proposal 3:

Election of Seven (7) Directors (Excluding Directors Who Are Audit and Supervisory
Committee Members)

Subject to the approval of Proposal 2 “Partial Amendments to the Articles of Incorporation,” theCompany will transition to a Company with an Audit and Supervisory Committee. In addition, the term ofoffice of all of the ten (10) current Directors will expire at the conclusion of this General Meeting of
Shareholders. Accordingly, the election of seven (7) Directors (excluding Directors who are Audit andSupervisory Committee Members) is proposed.
This proposal will take effect on the condition that the amendments to the Articles of Incorporation of theCompany take effect as indicated in Proposal 2 “Partial Amendments to the Articles of Incorporation.”
The candidates are as follows:
No.

1

Name
(Date of birth)

Takanori Okumura(March 15, 1962)

Career summary, positions, responsibilities
and significant concurrent positions
April 1986
May 1994
June 1994
December 1995
April 2001
April 2001
December 2001
January 1974
August 1998
April 2003

2

Takaiku Hirako(February 12, 1948)

April 2004
June 2004
January 2008
January 2008
June 2010
June 2010
April 2014
April 1972
June 2003
June 2003
June 2004
April 2006
June 2006
March 2007
October 2008

3

Makoto Tsuchiya(July 27, 1947)

April 2009
April 2009
June 2009
April 2010
June 2010
June 2012
April 2014

Joined the Company
Deputy General Manager of Kansai Branch OfficeDirector
General Manager of Marketing & Sales Department, Tokyo
Branch Office
Managing Director
In charge of Marketing & Sales
President and Representative Director (current position)
Joined the Company
General Manager of General Affairs Department
General Manager of General Affairs Department, Administration
Headquarters
Executive Officer
Director and Executive Officer
Director and Managing Executive Officer
Deputy General Manager of Administration Headquarters
Representative Director and Senior Managing Executive
Officer
General Manager of Administration Headquarters (current
position)
Representative Director and Executive Vice President (current
position)
Joined the Company
Executive Officer
Deputy General Manager of Kansai Branch OfficeDirector and Executive Officer
General Manager of Nagoya Branch
Executive Officer
AdvisorAssistant General Manager of Civil Engineering Business
Department, Construction Headquarters
Executive Officer
General Manager of Civil Engineering Business Department,
Construction Headquarters
Director and Executive Officer
General Manager of Civil Engineering Headquarters (current
position)
Director and Managing Executive Officer
Director and Senior Managing Executive Officer
Director and Executive Vice President (current position)-7-

Number ofshares of theCompany held

2,252,614

187,098

128,262

No.

Career summary, positions, responsibilities
and significant concurrent positions

Name(Date of birth)
April 1977
April 2003
April 2006
October 2008

4

Seiichi Fujioka(June 1, 1952)

April 2009

April 2010
April 2010
June 2010
June 2012
April 2015
April 1979
March 2004
April 2006
April 2007
5

Yuichi Mizuno(July 22, 1953)

October 2008
June 2010
April 2014
April 2014
April 2015

6

Keiji Yamaguchi(October 10, 1952)

April 1976
October 2008
June 2010
June 2012
April 2014
June 2014
April 2016
April 1982
April 2004

7

Atsushi Tanaka(June 5, 1959)

June 2014
June 2014

Joined the Company
General Manager of Building Management Department, Kansai
Branch Office
General Manager of Building Department, Technology
Headquarters
General Manager of Building Department, Construction
Headquarters
Assistant General Manager of Building Business Department andGeneral Manager of Building Department, Construction
Headquarters
Executive Officer
General Manager of Building Headquarters (current position)
Director and Executive Officer
Director and Managing Executive Officer
Director and Senior Managing Executive Officer (current
position)
Joined the Company
General Manager of Civil Engineering Works Department,
Nagoya Branch
General Manager of Civil Engineering Works Department I,
Tokyo Branch Office
General Manager of Civil Engineering Management Department,
Tokyo Branch Office
Deputy General Manager of East Japan Branch Office (in chargeof Civil Engineering Business)
Director and Executive Officer
Director and Managing Executive Officer
General Manager of East Japan Branch Office (current position)
Director and Senior Managing Executive Officer (current
position)
Joined the Company
General Manager of Kansai Branch, West Japan Branch Office
Executive Officer
Managing Executive Officer
General Manager of West Japan Branch Office (current position)
Director and Managing Executive Officer
Director and Senior Managing Executive Officer (current
position)
Joined the Company
General Manager of Finance & Accounting Department,
Administration Headquarters
Director and Executive Officer (current position)
Deputy General Manager of Administration Headquarters andGeneral Manager of Finance & Accounting Department (current
position)

Note: There are no special interests between each of the candidates and the Company.

-8-

Number ofshares of theCompany held

70,825

52,10147,67625,978

Proposal 4:

Election of Five (5) Directors Who Are Audit and Supervisory Committee Members

Subject to the approval of Proposal 2 “Partial Amendments to the Articles of Incorporation,” theCompany will transition to a Company with an Audit and Supervisory Committee. Accordingly, the electionof five (5) Directors who are Audit and Supervisory Committee Members is proposed.
For this proposal, the consent of the Board of Corporate Auditors has been obtained.
This proposal will take effect on the condition that the amendments to the Articles of Incorporation of theCompany take effect as indicated in Proposal 2 “Partial Amendments to the Articles of Incorporation.”
The candidates are as follows:
No.

1

Name
(Date of birth)

Kiyoshi Saito(July 12, 1946)

Career summary, positions, responsibilities
and significant concurrent positions
April 1980
May 1990
October 1991
June 2012
April 1979
April 20112

Hironobu Kozai(May 15, 1954)

June 2013
June 2015
July 2006

3

Kazuo Tsuji(August 7, 1947)

August 2007
August 2007
June 2013
September 1977
December 1977
November 1988
July 20104

Shuji Abe
(February 7, 1949)

July 2010
October 2010
June 2014
December 2015

5

Hiroyo Yashiro(April 10, 1954)

April 1984
April 2001

Became prosecutor
Registered as attorney-at-law
Established Kiyoshi Saito Law Office (currently Saito Onishi
Law Office) (current position)
Outside Director of the Company (current position)
Joined the Company
Deputy General Manager of West Japan Branch Office (incharge of Administration)
Deputy General Manager of East Japan Branch Office (in chargeof Administration)
Full-time Corporate Auditor (current position)
Assistant Regional Commissioner of Second Examination
Group, Osaka Regional Taxation Bureau
Registered as certified public tax accountant
Established Kazuo Tsuji Tax Accountant Office (current
position)
Outside Corporate Auditor of the Company (current position)
Registered as certified public accountant
Registered as certified public tax accountant
Representative Partner of Century Audit Corporation (currently
Ernst & Young ShinNihon LLC)
Representative Partner of SORA Tax Accountant Corporation(current position)
Established Abe CPA Office (current position)
Outside Corporate Auditor of Daiwa Computer Co., Ltd. (current
position)
Outside Corporate Auditor of the Company (current position)
Outside Corporate Auditor of NISHIO RENT ALL CO., LTD.
(current position)
Registered as attorney-at-law
Joined Iino Yashiro Law Office (currently Iino Yashiro
Horiguchi Law Office) (current position)

Number ofshares of theCompany held

3,000

24,528

3,000

3,000

3,000

Notes: 1. There are no special interests between each of the candidates and the Company.
2. Kiyoshi Saito, Kazuo Tsuji, Shuji Abe and Hiroyo Yashiro are candidates for Outside Director.
3. Kiyoshi Saito, Kazuo Tsuji and Shuji Abe are Independent Directors as set forth in the rules of theTokyo Stock Exchange and have been filed accordingly.
Hiroyo Yashiro is a candidate for Independent Director as set forth in the rules of the Tokyo Stock
Exchange.
4. Kiyoshi Saito is nominated as Outside Director because his excellent expertise on law is judged to bebeneficial to ensuring the legality of the business execution of the Company.
Kazuo Tsuji is nominated as Outside Director because his excellent expertise on tax affairs is judged tobe beneficial to ensuring the appropriateness of the business execution of the Company.
Shuji Abe is nominated as Outside Director because his excellent expertise on accounting is judged tobe beneficial to ensuring the appropriateness of the business execution of the Company.
Hiroyo Yashiro is nominated as Outside Director because her excellent expertise on law is judged to bebeneficial to ensuring the legality of the business execution of the Company.

-9-5. Although Kiyoshi Saito has not been engaged in corporate management other than by serving as an
outside director or an outside corporate auditor, he has long engaged in the practice of corporate legal
affairs as an attorney-at-law and has deep insight into corporate management. Therefore, it is judgedthat he will be able to perform the duties of an Outside Director who is an Audit and Supervisory
Committee Member in an appropriate manner.
Although Kazuo Tsuji has not been engaged in corporate management other than by serving as an
outside director or an outside corporate auditor, he has long engaged in the practice of corporate
accounting as a certified public tax accountant and has deep insight into corporate management.
Therefore, it is judged that he will be able to perform the duties of an Outside Director who is an Audit
and Supervisory Committee Member in an appropriate manner.
Although Shuji Abe has not been engaged in corporate management other than by serving as an outside
director or an outside corporate auditor, he has long engaged in the practice of corporate accounting asa certified public accountant and has deep insight into corporate management. Therefore, it is judgedthat he will be able to perform the duties of an Outside Director who is an Audit and Supervisory
Committee Member in an appropriate manner.
Although Hiroyo Yashiro has not been engaged in corporate management other than by serving as an
outside director or an outside corporate auditor, she has long engaged in the practice of corporate legal
affairs as an attorney-at-law and has deep insight into corporate management. Therefore, it is judgedthat she will be able to perform the duties of an Outside Director who is an Audit and Supervisory
Committee Member in an appropriate manner.
6. Kiyoshi Saito will have served as an Outside Director for four (4) years at the conclusion of this
General Meeting of Shareholders.
7. If the election of each candidate is approved, the Company plans to conclude a limited liability
agreement with each candidate to ensure that a Director who does not execute business can fully
perform his or her expected roles on the condition that Proposal 2 “Partial Amendments to the Articles
of Incorporation” is approved.
An overview of said agreement is as follows.
If a Director who does not execute business neglects his/her duties, he/she shall be liable to theCompany for damages arising as a result thereof to the extent of the minimum liability amountprovided in Article 425, Paragraph 1 of the Companies Act.
The above exemption from liability shall apply if the relevant Directors have acted in good faithand without gross negligence in performing their duties.
The Company is under the same agreement for limitation of liability with Kiyoshi Saito, Kazuo Tsuji
and Shuji Abe.

Proposal 5:

Determination of the Amount of Remuneration to Directors(Excluding Directors Who Are Audit and Supervisory Committee Members)

The amount of remuneration to the Directors of the Company was approved to be within ¥300
million per year at the 69th Annual General Meeting of Shareholders held on June 29, 2006, and has
not changed to date. However, the Company will transition to a Company with an Audit andSupervisory Committee on the condition that Proposal 2 “Partial Amendments to the Articles ofIncorporation” is approved. Accordingly, the Company proposes to abolish current provisions related
to the amount of remuneration to Directors. Taking into account the recent economic situation andother various factors, it is proposed to set the amount of remuneration to Directors (excluding
Directors who are Audit and Supervisory Committee Members) to be within ¥300 million per year,
and the amount to be paid to each Director and the timing of the payment be entrusted to theresolution of the Board of Directors.
If Proposal 3 “Election of Seven (7) Directors (Excluding Directors Who Are Audit andSupervisory Committee Members)” is approved, the number of Directors (excluding Directors who
are Audit and Supervisory Committee Members) will become seven (7).
This proposal will take effect on the condition that the amendments to the Articles of Incorporationof the Company take effect as indicated in Proposal 2 “Partial Amendments to the Articles ofIncorporation.”- 10 -

Proposal 6:

Determination of the Amount of Remuneration to Directors Who Are Audit and Supervisory
Committee Members

The Company will transition to a Company with an Audit and Supervisory Committee on thecondition that Proposal 2 “Partial Amendments to the Articles of Incorporation” is approved.
Accordingly, taking into account the recent economic situation and other various factors, theCompany proposes to set the amount of remuneration to Directors who are Audit and Supervisory
Committee Members to be within ¥60 million per year, and the amount to be paid to each Director
and the timing of the payment be entrusted to the deliberation of Directors who are Audit andSupervisory Committee Members.
If Proposal 4 “Election of Five (5) Directors Who Are Audit and Supervisory Committee
Members” is approved, the number of Directors who are Audit and Supervisory Committee Members
will become five (5).
This proposal will take effect on the condition that the amendments to the Articles of Incorporationof the Company take effect as indicated in Proposal 2 “Partial Amendments to the Articles ofIncorporation.”- 11 -