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 shall prevail.

Securities code: 7817
June 7, 2019
To our shareholders:
Kyosuke Kimura
President and Chief Executive Officer
PARAMOUNT BED HOLDINGS CO., LTD.
2-14-5 Higashisuna, Koto-ku, Tokyo, JapanNOTICE OF THE 37TH ORDINARY GENERAL MEETING OF SHAREHOLDERS
You are cordially invited to attend the 37th Ordinary General Meeting of Shareholders of PARAMOUNT BEDHOLDINGS CO., LTD. (the “Company”), which will be held as described below.
If you are unable to attend the meeting in person, you may exercise your voting rights by postal mail orelectromagnetic means (such as the Internet). Please review the attached Reference Documents for the General
Meeting of Shareholders and exercise your voting rights as described in “Guide for exercise of voting rights, etc.”(in Japanese only) by 5:00 p.m., Wednesday, June 26, 2019 (Japan Standard Time).
1. Date and Time: Thursday, June 27, 2019 at 10:00 a.m. (Japan Standard Time)(Reception opens at 9:00 a.m.)
2. Venue:
Head Office, Bldg. 2, 4F
2-14-5 Higashisuna, Koto-ku, Tokyo, Japan
3. Purposes:
Items to be reported:
1. Business Report and Consolidated Financial Statements for the 37th term (from April 1, 2018 to March 31,2019), as well as the results of audit of the Consolidated Financial Statements by the Accounting Auditor
and the Audit and Supervisory Committee
2. Non-Consolidated Financial Statements for the 37th Term (from April 1, 2018 to March 31, 2019)
Items to be resolved:
Proposal 1:
Appropriation of Surplus
Proposal 2:
Partial Amendments to the Articles of Incorporation
Proposal 3:
Election of Five (5) Directors (Excluding Directors Who Are Audit and Supervisory
Committee Members)
4. Other Items Relating to This Notice:(1) Approval will be assumed if you exercise your voting rights using the voting form without indicating
approval or disapproval for each proposal.
(2) Your vote via the Internet will take precedence if you exercise your voting rights both via the Internet andby returning the voting form by postal mail.
(3) Your final vote will take precedence if you exercise your voting rights via the Internet more than once.
(4) Among the documents that should be submitted with this Notice, based on laws and regulations and Article
15 of the Articles of Incorporation, the following items are on the Company’s website(https://www.paramountbed-hd.co.jp) so they are not listed in the documents attached to this Notice.
(i) Notes to the Consolidated Financial Statements(ii) Notes to the Non-Consolidated Financial Statements
Therefore, the documents attached to this Notice are a part of the Consolidated Financial Statements orNon-Consolidated Financial Statements that were audited by the Accounting Auditor and Audit andSupervisory Committee in preparing audit reports.
- In the event that amendments are made to the Reference Documents for the General Meeting of Shareholders, Business Report,
Non-Consolidated Financial Statements or Consolidated Financial Statements, the amended versions will be made available on theCompany website (https://www.paramountbed-hd.co.jp).

-1-Reference Documents for the General Meeting of Shareholders
Proposals and Reference Information
Proposal 1:
Appropriation of Surplus
The Company would like to appropriate surplus as described below.
Matters related to the year-end dividend:
While the Company attaches great importance to returning profits to shareholders in the way that reflects financial
results, it determines the dividend after a comprehensive consideration of the need for robust internal reserves tofurther strengthen the financial position and management foundation in order to actively invest for development ofbusinesses and to deal with rapid changes in the operating environment.
That being the case, the Company proposes to pay a year-end dividend for the 37th term as follows.
(1) Type of dividend property
Cash(2) Allocation of dividend property and total amount thereof
50 yen cash per common share
Total dividends: 1,503,156,350 yen
As 50 yen per share was paid as an interim dividend, the total dividend per share for the term will be 100 yen.
(3) Effective date of distribution of dividends of surplus
June 28, 2019-2-Proposal 2:

Partial Amendments to the Articles of Incorporation

1. Reasons for proposal
It is proposed that the business purpose in the Articles of Incorporation of each subsidiary be added to theCompany’s business purpose in Article 2 in preparation for the business development of the Group.
2. Details of the amendments
The details of the amendments are as follows.
(Amended parts are underlined)
Proposed amendments

Current Articles of Incorporation(Purpose)
Article 2 (Article text omitted)(1) to (4) (Article text omitted)(Moved from the current item 18)(Newly established)(Newly established)(5) Import and export of goods listed in the preceding items(6) Lease, rental, broker, maintenance, and repair of goods
listed in the preceding items 1 to 4
(7) Sale of goods listed in the preceding items 1 to 4 whenthey are second-hand(8) Cleaning, wiping, disinfection, and sterilization of goods
listed in the preceding items 1 to 4(9) to (12) (Article text omitted)(13) Temporary personnel agency business(14) to (15) (Article text omitted)(Newly established)(Newly established)(Newly established)(16) to (17) (Article text omitted)(18) Development and sale of software(19) to (27) (Article text omitted)(Purpose)
Article 2 (Unchanged)(1) to (4) (Unchanged)(5) Development and sale of software(6) Development, production, and sale of biologicalinformation measurement devices(7) Development, production, and sale of devices, etc. that areapplications of the skin electronics technology(8) Import and export of goods, etc. listed in the preceding
items 1 to 7
(9) Lease, rental, broker, maintenance, and repair of goods,etc. listed in the preceding items 1 to 7(10) Sale of goods, etc. listed in the preceding items 1 to 7
when they are second-hand(11) Cleaning, wiping, disinfection, and sterilization of goods
listed in the preceding items 1 to 7(12) to (15) (Unchanged)(16) Fee-charging employment placement service and worker
dispatching undertaking business(17) to (18) (Unchanged)(19) Issue, sale, and management of prepaid payment
instruments(20) Development of the methods of measurement and analysisof biological information, etc. and provision of the service
thereof(21) Provision of data analysis services(22) to (23) (Unchanged)(Moved to the proposed amendments item 5)(24) to (32) (Unchanged)-3-

Proposal 3:

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

At the time of the conclusion of this General Meeting, the terms of office of all five (5) Directors (excluding
Directors who are Audit and Supervisory Committee Members; hereafter the same shall apply in this Proposal) will
expire. Therefore, the Company proposes the election of five (5) Directors.
Moreover, although this proposal has been considered by the Audit and Supervisory Committee, it has expressed its
opinion to the effect that it has no objections.
The candidates for Director are as follows:
No.
1
2
3
4

Name
Kyosuke Kimura
Michihide Kimura
Izumi Sato
Tomohiko Kimura

Reelection
Reelection
Reelection
Reelection5Toshiyuki Hatta

New election

Position and responsibilities, etc. in the Company
President and Chief Executive Officer
Executive Vice President and Chief Financial Officer
Senior Managing Director
Senior Managing Director
Corporate Officer, General Manager of General Affairs
Department and Human Resource Department-4-No.

Name(Date of birth)

Career summary, position, responsibilities and significant concurrent
positions outside the Company
Apr. 1979
Aug. 1979
Oct. 1982
Sept. 1987
Apr. 1991
Apr. 1997
Apr. 200912

Number of theCompany’s shares
ownedJoined Paramount Bed Co., LTD.
Member of the Board of Paramount Bed Co., LTD.
Member of the Board of the Company
Senior Managing Director of Paramount Bed Co., LTD.
Senior Executive Director of Paramount Bed Co., LTD.
Kyosuke Kimura(September 20, 1950)
Executive Vice President of Paramount Bed Co., LTD.
911,375 shares
President and Chief Executive Officer of Paramount Bed
Reelection
Co., LTD. (present position)
Feb. 2011
President and Chief Executive Officer of the Company(present position)[Significant concurrent position outside the Company]
President and Chief Executive Officer of Paramount Bed Co., LTD.
[Reasons for nomination as candidate for Director]
Kyosuke Kimura has been a Director and Representative Director of the Company and the subsidiaries of the Group formany years and has engaged in the corporate management. The Company has selected him as a candidate again basedon his plentiful experience and achievements.
Feb. 1983
Joined Paramount Bed Co., LTD.
Sept. 1987
Member of the Board of Paramount Bed Co., LTD.
Nov. 1992
Auditor of the Company
Apr. 2000
Member of the Board, Director of Finance and System
Administration Division of Paramount Bed Co., LTD.
Apr. 2009
Senior Executive Director and Chief Financial Officer ofParamount Bed Co., LTD.
Michihide Kimura
Feb. 2011
Member of the Board of the Company(September 11, 1958)
911,116 shares
Oct. 2011
Senior Executive Director and Chief Financial Officer ofthe Company
Reelection
June 2018
Executive Vice President and Chief Financial Officer ofthe Company (present position)
June 2018
Executive Vice President and Chief Financial Officer ofParamount Bed Co., LTD. (present position)[Significant concurrent position outside the Company]
Executive Vice President and Chief Financial Officer of Paramount BedCo., LTD.
[Reasons for nomination as candidate for Director]
Michihide Kimura has been a Director of the Company and the subsidiaries of the Group for many years and has been
engaged in the corporate management as Representative Director since 2018. The Company has selected him as a
candidate again based on his plentiful experience and achievements as the financial officer of the Group.

-5-No.

Name(Date of birth)

Career summary, position, responsibilities and significant concurrent
positions outside the Company
Apr. 1980
Apr. 200934

Number of theCompany’s shares
ownedJoined Paramount Bed Co., LTD.
Corporate Officer, Director of Sales Division ofParamount Bed Co., LTD.
June 2010
Member of the Board, Director of Sales Division ofParamount Bed Co., LTD.
Oct. 2011
Member of the Board of the Company
June 2013
Senior Managing Director of the Company
Izumi SatoJune 2013
Senior Managing Director, Director of Sales Division of(March 24, 1958)
6,027 shares
Paramount Bed Co., LTD.
Apr. 2015
Senior Managing Director, General Manager ofReelection
Corporate Planning Department of the Company
Apr. 2015
Senior Managing Director of Paramount Bed Co., LTD.
(present position)
Oct. 2015
Senior Managing Director of the Company (presentposition)[Significant concurrent position outside the Company]
Senior Managing Director of Paramount Bed Co., LTD.
[Reasons for nomination as candidate for Director]
Izumi Sato has been primarily responsible for the Sales and Corporate Planning Divisions, and from 2010 he has
worked as a Director of Paramount Bed Co., LTD., from 2011 he has worked as a Director of the Company and from2013 he has worked as Senior Managing Director. The Company has selected him as a candidate again based on his
plentiful experience and achievements in the Group.
Apr. 2008
Joined Paramount Bed Co., LTD.
June 2010
Corporate Officer, Deputy Director of Business Strategy
Planning Division of Paramount Bed Co., LTD.
Apr. 2011
Corporate Officer, Director of Global Business Divisionof Paramount Bed Co., LTD.
Oct. 2011
Corporate Officer of the Company
Tomohiko Kimura
June 2014
Senior Corporate Officer of the Company(July 17, 1977)
820,149 shares
June 2015
Member of the Board of Paramount Bed Co., LTD.
ReelectionApr. 2016
Senior Managing Director of Paramount Bed Co., LTD.
(present position)
June 2018
Senior Managing Director of the Company (presentposition)[Significant concurrent position outside the Company]
Senior Managing Director of Paramount Bed Co., LTD.
[Reasons for nomination as candidate for Director]
Tomohiko Kimura has been primarily responsible for the Business Strategy Planning and Global Business Divisions. He
has worked as a Corporate Officer of Paramount Bed Co., LTD. from 2010, a Corporate Officer of the Company from2011, a Senior Managing Director of Paramount Bed Co., LTD. from 2016, and a Senior Managing Director of theCompany from 2018. The Company has selected him as a candidate again based on his plentiful experience andachievements in the Group.

-6-No.

Name(Date of birth)

Career summary, position, responsibilities and significant concurrent
positions outside the Company
Apr. 1984
June 2011

Number of theCompany’s shares
ownedJoined Paramount Bed Co., LTD.
Corporate Officer, General Manager of Human Resource
Department and Public and Investor Relations
Department of Paramount Bed Co., LTD.
Oct. 2011
Corporate Officer, General Manager of Human Resource
Department and Public and Investor Relations
Toshiyuki Hatta
Department of the Company(December 21, 1961)
1,000 shares
June 2018
Corporate Officer, General Manager of General Affairs
Department and Human Resource Department of theNew election
Company (present position)
5
June 2018
Corporate Officer, Executive Director of Administration
Division of Paramount Bed Co., LTD. (present position)[Significant concurrent position outside the Company]
Corporate Officer, Executive Director of Administration Division ofParamount Bed Co., LTD.
[Reasons for nomination as candidate for Director]
Toshiyuki Hatta has been primarily responsible for the Human Resource and Public and Investor Relations
Departments, and from 2011 he has worked as a Corporate Officer of the Company and Paramount Bed Co., LTD. The
Company has selected him as a new candidate based on his plentiful experience and achievements in the Group.
Note: There is no special interest between each of the candidates and the Company.

-7-