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, 2018

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:

Koji Ishigami, 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:

Koji Ishigami, 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 61st Ordinary General Meeting of Shareholders of Pigeon Corporation held on April 26, 2018, 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 26, 2018
(2) Details of the matters for resolution
Proposal 1: 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:¥35
Total amount of dividends:¥4,191,640,495
3. Effective date of distribution of dividends from surplus: April 27, 2018
Proposal 2: Election of Eleven (11) Directors
To elect the following eleven (11) persons, namely, Yoichi Nakata, Akio Okoshi,Shigeru Yamashita, Norimasa Kitazawa, Eiji Akamatsu, Tadashi Itakura, Yasunori Kurachi,Kevin Vyse-Peacock, Takayuki Nitta, Rehito Hatoyama and Erika Okada as Directors.
Proposal 3: Election of One (1) Audit & Supervisory Board Member
To elect Nobuyuki Hashimoto as an Audit & Supervisory Board Member.
(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 resolution
Proposal 1
Yoichi Nakata
Akio Okoshi
Shigeru Yamashita
Norimasa Kitazawa
Eiji Akamatsu
Proposal 2 Tadashi Itakura
Yasunori Kurachi
Kevin Vyse-PeacockTakayuki Nitta
Rehito Hatoyama
Erika Okada
Proposal 3 Nobuyuki Hashimoto

Number of Number ofApproval Disapproval
Votes
Votes
971,079124
947,619
23,583922,046
34,109927,535
28,620947,936
23,266
947,756
23,446
947,757
23,445
947,751
23,451
947,884
23,318970,928275
970,920283
970,805
398
901,016
70,195

Number ofAbstentions
1
1
15,04815,048
11
111
1
1
1
1

Requirement
for Adoption

Resolution Resultand Approval Ratio(Note 1)
(Note 2)

Approved, 98.76%
Approved, 96.38%
Approved, 93.77%
Approved, 94.33%
Approved, 96.41%
Approved, 96.39%
Approved, 96.39%
Approved, 96.39%
Approved, 96.40%
Approved, 98.75%
Approved, 98.75%
Approved, 98.73%
Approved, 91.64%(Note 2)

Notes: 1. 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.
2. The requirement for adoption of the proposal is approval by a majority of the votes of shareholders
present at the meeting where the shareholders holding one-third (1/3) or more of the voting rights of theshareholders entitled to exercise voting rights are present.

-1-(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 proposals was confirmed
satisfied the requirement for adoption of the proposals, and the resolutions have 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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