Note:
This English translation is made for reference purposes only, and in the event of any
discrepancies between the English version and the Japanese version, the Japaneseversion prevails.
Securities Code: 6526
June 6, 2023
(Commencement date of electronic provision measures: May 31, 2023)
To Our Shareholders:
10-23, Shin-Yokohama 2-Chome, Kohoku-ku, Yokohama City, Kanagawa Prefecture

Socionext Inc.
Masahiro Koezuka, Representative Director, Chairman, President and CEO

Notice of the Ninth Ordinary General Meeting of Shareholders
We would like to express our gratitude for your continued support.
We hereby inform you that the Ninth Ordinary General Meeting of Shareholders will be held as set forth
below.
For the convening of this General Meeting of Shareholders, information contained in the Reference
Documents for the General Meeting of Shareholders, etc. (matters to be electronically provided) has been
electronically provided, and the matters to be electronically provided have been posted on our company
website on the Internet in the form of “Notice of the Ninth Ordinary General Meeting of Shareholders,” soplease visit and confirm our company website below.
The Company website
https://www.socionext.com/jp/ir/meeting/In addition to the above website, the matters to be electronically provided are also posted on the website ofTokyo Stock Exchange (TSE). Please access the TSE website (TSE Listed Company Information Service)
below, enter and search “Socionext” in “Issue Name (Company Name)” or the Company Stock code “6526”
in “Code,” select “Basic Information,” and then “Documents for public inspection/PR information,” and thenclick “Notice of General Shareholders Meeting /Informational Materials for a General Shareholders Meeting”
in “Filed information available for public inspection.”
TSE website (TSE-listed company information service)https://www2.jpx.co.jp/tseHpFront/JJK010010Action.do?Show=Show
If you do not attend the meeting, you may exercise your voting rights in writing (by mail) or via the Internet,
etc. Please refer to the “Instructions for Exercising Voting Rights” section below and exercise your voting
rights by 5:30 p.m. on Tuesday, June 27, 2023.
1. Date and Time:
Wednesday, June 28, 2023, at 10 a.m. (reception begins at 9 a.m.)
2. Venue:“Fantasia” on the third floor of Shin Yokohama Prince Hotel,
3-4 Shin-Yokohama, Kohoku-ku, Yokohama City, Kanagawa Prefecture
3. Purposes:
Matters to be reported:
1. Business Report, Consolidated Financial Statements and Non-consolidated Financial Statements for theNinth Business Period (April 1, 2022 to March 31, 2023)
2. Auditing Reports from the Accounting Auditor and Audit & Supervisory Committee on the Results of the
Audit of the Consolidated Financial Statements for the Ninth Business Period
Matters to be resolved:
Proposal 1: Election of Seven (7) Directors (Excluding Directors Who Are Audit & Supervisory Committee
Members)
Proposal 2: Election of Three (3) Directors Who Are Audit & Supervisory Committee Members
Proposal 3: Election of One (1) Substitute Director Who Is an Audit & Supervisory Committee Member-1-* As a result of the amendment to the Companies Act, it became a general rule that matters to be provided
electronically should be read by accessing the above-mentioned our company website or the TSE website
and, exceptionally, documents are sent only to shareholders who request a written delivery by the record
date. However, for this General Meeting of Shareholders, this document contains the matters to beelectronically provided and will be sent to all shareholders regardless of whether or not they haverequested written delivery.
In accordance with laws and regulations and the provisions of the Articles of Incorporation of theCompany, among the matters to be electronically provided, the following are omitted from the documents
sent to shareholders who request delivery in writing, so they are not included in this document.
1) “Share Subscription Rights, etc. of the Company” and “Systems to Ensure Appropriateness ofBusiness and Operational Status of Such Systems” in the Business Report2) Consolidated Statement of Changes in Net Assets and Notes to the Consolidated Financial
Statements
3) Non-consolidated Statement of Changes in Net Assets and Notes to the Non-consolidated Financial
Statements* The business report audited by the Audit & Supervisory Committee in preparing the audit report includes
each item of the business report mentioned above. In addition, the consolidated financial statements andnon-consolidated financial statements audited by the Accounting Auditor and Audit & Supervisory
Committee in the preparation of the accounting audit report and the audit report include the mattersdescribed above in the consolidated financial statements and the non-consolidated financial statements.
* If there are any amendments to the matters to be electronically provided, the above-mentioned company
website and the TSE website will be updated to state to such effect and the matters before and after theamendments will be posted there.
* The results of the resolutions of this General Meeting of Shareholders will be posted on the abovementioned company website and the TSE website instead of sending a notice of resolutions.
* At the end of this document, “Reference: Description of Key Terms Used in the Semiconductor Industry”
is included.

-2-

Guide to Exercising Voting Rights
You may exercise your voting rights in the following three ways:

Attending the General Meeting of Shareholders
Please submit your Voting Rights Exercise Form to the receptionist at the meeting.
Date and Time: Wednesday, June 28, 2023, at 10 a.m. (reception begins at 9 a.m.)

Exercising voting rights in writing (by mail)Please indicate your approval or disapproval of the proposals on the Voting Rights Exercise Form and post it
without a stamp.
Due date for exercise
Receipt by the Company by 5:30 p.m. on Tuesday, June 27, 2023

Voting via the Internet, etc.
Please exercise your voting rights after reviewing the instructions on the next page for exercising your voting
rights via the Internet, etc.
Due date for exercise
Completion of entry by 5:30 p.m. on Tuesday, June 27, 2023***

If you exercise your voting rights more than once via the Internet, etc., the last vote cast will be treatedas the valid vote.
If you exercise your voting rights both in writing (by mail) and via the Internet, etc., only your votevia the Internet, etc. will be valid.
If there is no indication of approval or disapproval of a proposal, we will treat it as an indication of
approval.

-3-

Guide to Exercising Voting Rights via the Internet
How to scan QR code “Smart Exercise”
You can log in to the voting website without entering your voting code and password.
1. Please scan the QR code at the bottom right of the Voting Rights Exercise Form.
*QR Code is a registered trademark of DENSO WAVE INCORPORATED.
2. Then follow the on-screen instructions to enter your approval or disapproval.
Exercising your voting rights by “Smart Exercise” is valid only once.
If you wish to change your vote after exercising your voting rights, please access the PC version of thewebsite, log in by entering your “voting code” and “password” on the voting form and then exercise yourvoting rights again.
*You can go to the PC site by scanning the QR code again.

How to enter your voting code and password
Voting website
https://www.web54.net
1. Please access the voting website.
2. Please enter the “Voting Rights Exercise Code” provided on the Voting Rights Exercise Form.
3. Please enter the password provided on the Voting Rights Exercise Form.
4. Then follow the on-screen instructions to enter your approval or disapproval.

Inquiries regarding the exercise of voting rights via the Internet
Exclusive telephone number of Stock Transfer Agency Web Support, Sumitomo Mitsui Trust Bank, Limited
Toll-free: 0120-652-031 (Business hours: 9:00–21:00)
To Institutional Investors
The electronic voting platform for institutional investors operated by ICJ, Inc. is available for the exercise of
voting rights.

-4-

Reference Document for the General Meeting of Shareholders
Proposal 1: Election of Seven (7) Directors (Excluding Directors Who Are Audit & Supervisory Committee
Members)
The term of office of all seven (7) Directors (excluding Directors who are Audit and Supervisory Committee
Members; the same shall apply hereinafter in this proposal unless otherwise stated) will expire at theconclusion of this meeting. Accordingly, the election of seven (7) Directors, including two (2) Outside
Directors, is proposed.
The decision on this proposal has been made through prior deliberation by the Nomination and Remuneration
Committee, the majority of whose members are Independent Outside Directors. In addition, the Audit andSupervisory Committee put this proposal under consideration, which led to the opinion that this proposal isreasonable.
The candidates for Directors are as follows.
Candidate
GenderNo.

Current position at theCompany

Name

1

Male

Masahiro
Koezuka

Reappointment

2

Male

Koichi Otsuki

Reappointment

3

Male

Noriaki Kubo

Reappointment

4

Male

YutakaYoneyama

Reappointment

5

Male

Hisato Yoshida

New appointment

6

Male

Masatoshi
Suzuki7

FemaleSachiko Kasano

Reappointment
OutsideIndependent
New appointment
OutsideIndependent

Representative Director,
Chairman, President andCEO
Director and Deputy
President
Director and Deputy
President
Director and Corporate
Executive Vice President
Corporate Executive Vice
President

14 out of 14(100%)
13 out of 14(93%)
14 out of 14(100%)
14 out of 14(100%)-

Director

14 out of 14(100%)

Director (Audit &Supervisory Committee
Member)14 out of 14(100%)

Reappointment Candidate for reappointment as Director
New appointment Candidate for new appointment as Director
Outside Candidates for appointment as Outside Directors
Independent Candidates for Independent Officers as provided by the TSE-5-Attendance atBoard ofDirectors
meetings

Candidate No. 1

Masahiro Koezuka (Date of birth: December 14, 1951)

Reappointment
Number of years in office
8 years 9 months
Number of the Company’s shares held
Attendance at Board of Directors meetings

14 out of 14 (100%)Career summary, position and responsibility in the Company
April 1974
Joined the Ministry of International Trade and Industry (currently the Ministry of
Economy, Trade and Industry)
June 2010
Director, Senior Managing Executive Officer of Fujitsu Limited
May 2013
Director, Senior Executive Vice Chairman
September 2014 Representative Director of Socionext Inc. (Preparation Company)
February 2015
Director
April 2016
Representative Director and Chairman of Fujitsu Research Institute
April 2018
Representative Director, Chairman and CEO of Socionext Inc.
March 2022
Representative Director, Chairman, President and CEO (current position)[Reasons for selection as candidate]
He has served on the Board of Directors of the Company since its founding and is well-versed in thesemiconductor business, currently serving as Representative Director, Chairman, President and CEO, andhelping to expand the Company’s business performance and increase its corporate value. Therefore, we
believe that he will be able to appropriately perform his duties as Director and request his re-election.

-6-

Candidate No. 2

Koichi Otsuki (July 22, 1963)

Reappointment
Number of years in office
4 years
Number of the Company’s shares held
Attendance at Board of Directors meetings

13 out of 14 (93%)

Career summary, position and responsibility in the Company
April 1988
Joined Fujitsu Limited
July 2013
Manager of High Performance Solution Department of Advanced Product Business
Headquarters of Fujitsu Semiconductor Limited (currently Fujitsu Limited)
March 2015
Vice President of Custom SoC Business Unit, Business Group II of Socionext Inc.
October 2016
Corporate Senior Vice President
October 2018
Corporate Senior Executive Vice President , Project leader to Custom Business Promotion
Project
April 2019
Corporate Senior Executive Vice President , Head of Sales Group
June 2019
Director, Corporate Senior Executive Vice President ,Head of Sales Group
March 2022
Director, Corporate Senior Executive Vice President , Head of Sales Group
April 2022
Director and Deputy President in charge of Sales & Business Development as well as
Strategic Sourcing & Production Management (current position)(Areas in charge of)In charge of sales and business development, strategic sourcing and production management[Reasons for selection as candidate]
He has been responsible for the development and sales divisions in the semiconductor business for many
years, and is currently responsible for sales and business development as well as strategic sourcing andproduction management, helping to improve business performance and increase corporate value. Therefore,
we believe that he will be able to appropriately perform his duties as Director and request his re-election.

-7-

Candidate No. 3

Noriaki Kubo (August 9, 1963)

Reappointment
Number of years in office
5 years
Number of the Company’s shares held
Attendance at Board of Directors meetings

14 out of 14 (100%)Career summary, position and responsibility in the Company
April 1986
Joined Matsushita Electric Industrial Co., Ltd. (currently Panasonic Holdings
Corporation)
October 2012
Head of Hardware Technology Headquarters, System LSI Division of Panasonic
Corporation (currently Panasonic Holdings Corporation)
March 2015
Vice President, IoT Systems Business Unit, Business Group I of Socionext Inc.
October 2016
Corporate Senior Vice President
June 2018
Corporate Senior Executive Vice President of Visual Solutions Business Unit
April 2019
Director, Corporate Senior Executive Vice President, Head of Automotive & Industrial
Business Group
April 2021
Director, Corporate Senior Executive Vice President in charge of Business Group
April 2022
Director and Deputy President in charge of Business and Development (current position)(Areas in charge of)Business and development[Reasons for selection as candidate]
He has been responsible for the business and development divisions in the semiconductor business for many
years, and is currently responsible for business and development, helping to improve business performanceand increase corporate value. Therefore, we believe that he will be able to appropriately perform his duties as
Director and request his re-election.

-8-

Candidate No. 4

Yutaka Yoneyama (June 20, 1962)

Reappointment
Number of years in office
1 year 3 months
Number of the Company’s shares held
Attendance at Board of Directors meetings

14 out of 14 (100%)Career summary, position and responsibility in the Company
April 1985
Joined Matsushita Electric Industrial Co., Ltd. (currently Panasonic Holdings
Corporation)
April 2013
Accounting Group Manager of System LSI Division of Panasonic Corporation (currently
Panasonic Holdings Corporation)
March 2015
Deputy General Manager, Corporate Finance Division of Socionext Inc.
July 2018
General Manager, Corporate Finance Division
July 2020
General Manager, Corporate Finance Division and Corporate Affairs & HR
March 2022
Director Senior Vice President of Corporate Finance Division and Corporate Affairs &HR, and Intellectual Property & Legal
April 2022
Director and Corporate Executive Vice President (current position)(Areas in charge of)Finance and business administration[Reasons for selection as candidate]
He has been in the semiconductor business for many years and has a wealth of experience and insight infinance and accounting. He continues to play a wide range of roles being in charge of Administration, helping
to improve business performance and increase corporate value. Therefore, we believe that he will be able toappropriately perform his duties as Director and request his re-election.

-9-

Candidate No. 5

Hisato Yoshida (November 3, 1963)

New appointment
Number of years in office
Number of the Company’s shares held
Attendance at Board of Directors meetings-

Career summary, position and responsibility in the Company
April 1988
Joined Matsushita Electric Industrial Co., Ltd. (currently Panasonic Holdings
Corporation)
April 2010
Group Manager of Fourth Development Group of First Business Division of System LSI
Division of Panasonic Corporation (currently Panasonic Holdings Corporation)
March 2015
Director, Development Department Ⅳof IoT System Business Division Unit, BusinessGroup I of Socionext Inc.
April 2019
General Manager, System Development Division, Automotive & Industrial BusinessGroup
January 2021
Vice Head of Global Development Group and Vice Head of SNDP Promotion Group
April 2022
Corporate Executive Vice President and Head of Global Development Group(current
position)(Areas in charge of)Head of Global Development Group[Reasons for selection as candidate]
He has been responsible for development divisions in the semiconductor business for many years, andreviewing development systems as a head of global R&D divisions, helping to improve business performanceand increase corporate value. Therefore, we believe that he will be able to appropriately perform his duties as
Director and request that he be elected.

- 10 -

Candidate No. 6

Masatoshi Suzuki (October 30, 1951)

Reappointment
OutsideIndependent
Number of years in office
2 years
Number of the Company’s shares held
Attendance at Board of Directors meetings

14 out of 14 (100%)Career summary, position and responsibility in the Company
April 1975
Joined Nippon Telegraph and Telephone Public Corporation (currently Nippon Telegraphand Telephone Corporation)
June 2008
Senior Executive Vice President, NTT DoCoMo, Inc. (currently NTT DOCOMO, INC.)
June 2012
Senior Executive Vice President, MIRAIT Holdings Corporation (currently MIRAITONE Corporation)
October 2012
Representative Director, President
June 2020
Director and Advisor
June 2021
Outside Director of Socionext Inc. (current position)
Reasons for nomination as candidate for Outside Director and outline of expected roles
Leveraging a wealth of management experience gained from having served as a representative director andother positions at listed companies, he supervises and advises management from an objective and neutral
standpoint. Therefore, we believe that he will be able to appropriately perform his duties as Outside Director
from independent position and request his re-election.
The Company expects him to contribute to the enhancement of management oversight functions and theimprovement of corporate value through proposals for general management based on his extensive
management experience.

- 11 -

Candidate No. 7

Sachiko Kasano (April 14, 1977)

New appointment
OutsideIndependent
Number of years in office
1 year 3 months
Number of the Company’s shares held
Attendance at Board of Directors meetings

14 out of 14 (100%)Career summary, position and responsibility in the Company
October 2001
Qualified as an attorney and joined Miyakezaka Sogo Law Office
January 2016
Attorney-at-law of Kasumimon Sogo Law Offices (currently SHIOMIZAKA), Attorney(current position)
June 2021
Outside Audit & Supervisory Board Member of Socionext Inc.
March 2022
Outside Director (Audit & Supervisory Committee Member) (current position)
Significant concurrent positions
Attorney, SHIOMIZAKA
Reasons for nomination as candidate for Outside Director and outline of expected roles
Based on her extensive experience as an attorney and her deep insight into corporate legal affairs andcompliance, she supervises and advises management from an objective and neutral standpoint. While Ms.
Kasano has no experience of being involved in corporate management other than having served in the past as
Outside Officer, the Company concluded that she will be able to perform her duties appropriately from an
independent standpoint and proposes electing her as Outside Director.
The Company expects her to contribute to the enhancement of management oversight functions and theimprovement of corporate value through proposals for general management based on her extensive experienceand deep insight as an attorney.

- 12 -

Notes:1. There are no special conflict of interests between any of the candidates and the Company.
2. Masatoshi Suzuki and Sachiko Kasano are candidates for Outside Directors.
3. Although Masatoshi Suzuki and Sachiko Kasano are currently Outside Directors, Masatoshi Suzuki and
Sachiko Kasano will have served as Outside Directors for two years and one year and three months,
respectively, at the conclusion of this General Meeting of Shareholders.
4. The Company has entered into limited liability agreements with Masatoshi Suzuki and Sachiko Kasanopursuant to Article 427, Paragraph 1 of the Companies Act and the Articles of Incorporation to limit their
liability for damages as defined under Article 423, Paragraph 1 of the Company Act to the minimum
liability amount stipulated in Article 425, Paragraph 1 of the Company Act. If they are elected andappointed as Directors, the Company plans to continue the said agreement.
5. The Company has entered into indemnity agreements with Masahiro Koezuka, Koichi Otsuki, Noriaki
Kubo, Yutaka Yoneyama, Masatoshi Suzuki and Sachiko Kasano to the effect that the Company willcompensate, to the extent provided by laws and regulations, for the expenses referred to in Article 430-2,
Paragraph 1, Item 1 of the Companies Act and the losses referred to in Item 2 of the same paragraph sothat Directors (and, for Sachiko Kasano, Director who is Audit & Supervisory Committee Member) can
fully perform their expected roles. If each candidate is elected and appointed as Director, the Company
plans to continue the said agreement. If Hisato Yoshida is elected and appointed as Director, theCompany plans to enter into the said agreement with him.
6. The Company has entered into officers’ liability insurance contracts with insurance companies pursuant
to Article 430-3, Paragraph 1 of the Companies Act, under which the insured is liable in connection withthe execution of his/her duties or shall be compensated for any damage that may arise from the receipt ofa claim related to the pursuit of such liability. All premiums for the insured are fully paid by theCompany. If each candidate is elected and appointed as Director, he or she will be an insured under the
relevant insurance policy. The policy is also scheduled to be renewed at the next renewal.
7. On July 7, 2021, MIRAIT Corporation (currently, MIRAIT ONE Corporation), for which Mr. Masatoshi
Suzuki was serving as a director, received a notice of administrative disposition from the Kanto Bureauof Telecommunications of the Ministry of Internal Affairs and Communications, concerning an order tosuspend its registered inspection business and a business improvement order, alleging that the company
had acted in violation of the Radio Act in connection with its past inspection of radio station equipment.
We understand that he was not aware of the above facts until they were made known to the corporation,and believe that he appropriately carried out his duties while serving as a director of the Company, suchas making recommendations on legal compliance on a regular basis, and after the fact came to light,
asking the Board of Directors of the corporation to take measures to prevent the recurrence of thesituation.
8. The Company appointed Masatoshi Suzuki and Sachiko Kasano as Independent Officers as provided by
Tokyo Stock Exchange and has registered them with Tokyo Stock Exchange. The Company will continue
to appoint them as Independent Officers if they are elected.
9. The number of the Company shares held by each candidate is as of March 31, 2023.
10. Sachiko Kasano’s name on the family register is Sachiko Yanai.

- 13 -

Proposal 2: Election of Three (3) Directors Who Are Audit & Supervisory Committee Members
The term of office of all three (3) Directors who are Audit & Supervisory Committee Members will expire at
the conclusion of this General Meeting of Shareholders. Accordingly, the election of three (3) Directors who
are Audit & Supervisory Committee Members is proposed.
With regard to this agenda item, the consent of the Audit & Supervisory Committee has been obtained.
The candidates for Directors who are Audit & Supervisory Committee Members are as follows.
Candidate
GenderNo.

Attendance at
Current position at theBoard ofCompany
Directors
meetings
Director (Audit &14 out of 14
Supervisory Committee(100%)
Member)Name

Reappointment
OutsideIndependent
New appointment
3 out of 3
2
Male
AdvisorMorimasa Ikemoto(100%)
OutsideNew appointment
3
Female Noriko Yoneda
OutsideIndependent(Note) Morimasa Ikemoto served as Outside Director for four years and one month from June 2018 to July
2022.
1

Male

Yasuyoshi Ichikawa

Reappointment Candidate for reappointment as Director
New appointment Candidate for new appointment as Director
Outside Candidates for appointment as Outside Directors
Independent Candidates for Independent Officers as provided by the TSE- 14 -

Candidate No. 1

Yasuyoshi Ichikawa (July 16, 1961)

Reappointment
OutsideIndependent
Number of years in office
1 year 3 months
Number of the Company’s shares held
Attendance at Board of Directors meetings

14 out of 14 (100%)Career summary, position and responsibility in the Company
October 1985
Joined Tohmatsu Awoki & Co. (currently Deloitte Touche Tohmatsu LLC)
August 2018
Executive officer of Deloitte Touche Tohmatsu LLC (in charge of Quality Control)
December 2020
Member of Yasuyoshi Ichikawa Certified Public Accountant Office, Certified Public
Accountant (current position)
March 2022
Outside Director (Audit & Supervisory Committee Member) (current position)
Significant concurrent positions
Member of Yasuyoshi Ichikawa Certified Public Accountant Office, Certified Public Accountant
Reasons for nomination as a candidate for Outside Director who is Audit & Supervisory Committee
Member and outline of expected roles
Based on his extensive experience as a certified public accountant and his deep insight into financial
accounting, he supervises and advises management from an objective and neutral standpoint. While Mr.
Ichikawa has no experience of being involved in corporate management other than having served in the pastas Outside Officer, the Company concluded that he will be able to perform his duties appropriately from an
independent standpoint and proposes re-electing him as Outside Director who is Audit & Supervisory
Committee Member.
The Company expects him to contribute to the enhancement of management oversight functions and theimprovement of corporate value through proposals for general management based on his extensive experienceand deep insight as a certified public accountant.

- 15 -

Candidate No. 2

Morimasa Ikemoto (January 4, 1954)

New appointment
OutsideNumber of years in office
Number of the Company’s shares held
Attendance at Board of Directors meetings
3 out of 3 (100%)**
Served as Outside Director for four years and one month from June 2018 to July 2022.
Career summary, position and responsibility in the Company
April 1979
Joined Fujitsu Limited
June 2012
General Manager, Corporate Internal Audit Division
June 2014
Full-time Corporate Auditor, FUJITSU COMPONENT LIMITED
June 2016
Director (Audit & Supervisory Committee Member)June 2018
Outside Director of Socionext Inc.
July 2022
Advisor (current position)
Reasons for nomination as a candidate for Outside Director who is Audit & Supervisory Committee
Member and outline of expected roles
He has served as a director who is an audit and supervisory committee member and a full-time auditor of alisted company, and has considerable knowledge of finance and accounting, internal control and auditing. In
addition, from June 2018 to July 2022, he advised the management of the Company as Outside Director of theCompany. Therefore, the Company concluded that he will be able to perform his duties appropriately andproposes electing him as Outside Director who is Audit & Supervisory Committee Member. If elected, he isexpected to take on the responsibilities of a full-time Audit & Supervisory Committee Member.
The Company expects him to contribute to the enhancement of management oversight functions and theimprovement of corporate value through proposals for general management based on his extensive
knowledge.

- 16 -

Candidate No. 3

Noriko Yoneda (June 30, 1975)

New appointment
OutsideIndependent
Number of years in office
Number of the Company’s shares held
Attendance at Board of Directors meetings-

Career summary, position and responsibility in the Company
October 2001
Qualified as an attorney and joined Tatsuno, Ozaki & Fujii Law Office
October 2014
Joined TMI Associates
July 2020
Established Kobe Grace Law Office, Representative Attorney (current position)
March 2023
Outside Director of KEIWA Incorporated (current position)
Significant concurrent positions
Kobe Grace Law Office, Representative Attorney
Outside Director of KEIWA Incorporated
Reasons for nomination as a candidate for Outside Director who is Audit & Supervisory Committee
Member and outline of expected roles
She has extensive experience as an attorney and deep insight into corporate legal affairs and compliance.
While Ms. Yoneda has no experience of being involved in corporate management other than having served in
the past as Outside Officer, the Company concluded that she will be able to perform her duties appropriatelyfrom an independent standpoint and proposes electing her as Outside Director who is Audit & Supervisory
Committee Member.
The Company expects her to contribute to the enhancement of management oversight functions and theimprovement of corporate value through proposals for general management based on her extensive experienceand insight as an attorney.

- 17 -

Notes:1. There are no special conflict of interests between any of the candidates and the Company.
2. Yasuyoshi Ichikawa, Morimasa Ikemoto and Noriko Yoneda are candidates for Outside Directors.
3. Yasuyoshi Ichikawa is currently Outside Director of the Company, and his term in office as Outside
Director will be one year and three months at the conclusion of this General Meeting of Shareholders.
Morimasa Ikemoto was appointed as Advisor in July 2022, but was Outside Director for four years andone month from June 2018 to July 2022.
4. The Company has entered into limited liability agreements with Yasuyoshi Ichikawa pursuant to Article
427, Paragraph 1 of the Companies Act and the Articles of Incorporation to limit his liability for damages
as defined under Article 423, Paragraph 1 of the Company Act to the minimum liability amount stipulated
in Article 425, Paragraph 1 of the Company Act. If Mr. Ichikawa is elected and appointed as Director who
is Audit & Supervisory Committee Member, the Company plans to continue the said agreement. In
addition, if Morimasa Ikemoto and Noriko Yoneda are elected and appointed as Directors who are Audit &Supervisory Committee Members, the Company plans to enter into similar liability limitation agreementswith them.
5. The Company has entered into indemnity agreements with Yasuyoshi Ichikawa to the effect that theCompany will compensate, to the extent provided by laws and regulations, for the expenses referred to in
Article 430-2, Paragraph 1, Item 1 of the Companies Act and the losses referred to in Item 2 of the same
paragraph so that Director who is Audit & Supervisory Committee Member can fully perform his expectedroles. If Mr. Ichikawa is elected and appointed as Director who is Audit & Supervisory Committee
Member, the Company plans to continue the said agreement. In addition, if Morimasa Ikemoto and Noriko
Yoneda are elected and appointed as Directors who are Audit & Supervisory Committee Members, theCompany plans to enter into similar indemnity agreements with them.
6. The Company has entered into officers’ liability insurance contracts with insurance companies pursuant to
Article 430-3, Paragraph 1 of the Companies Act, under which the insured is liable in connection with theexecution of his/her duties or shall be compensated for any damage that may arise from the receipt of aclaim related to the pursuit of such liability. All premiums for the insured are fully paid by the Company. If
each candidate is elected and appointed as Director who is Audit & Supervisory Committee Member, he or
she will be an insured under the relevant insurance policy. The policy is also scheduled to be renewed at
the next renewal.
7. The Company appointed Yasuyoshi Ichikawa as Independent Officer as provided by Tokyo Stock
Exchange and has registered him with Tokyo Stock Exchange. If Mr. Ichikawa is elected and appointed as
Director who is Audit & Supervisory Committee Member, the Company plans to reappoint him as
Independent Officer. In addition, if Ms. Noriko Yoneda is elected and appointed as a Director who is an
Audit & Supervisory Committee Member, she meets the requirements for Independent Officer as
stipulated by Tokyo Stock Exchange, and we plan to register her as Independent Officer with suchexchange. Although Morimasa Ikemoto meets the requirements for Independent Officer stipulated by
Tokyo Stock Exchange and the “Independence Standards for Outside Directors” set forth by the Company,
the Company does not plan to register him as Independent Officer with such exchange.
8. The number of the Company shares held by each candidate is as of March 31, 2023.
9. Noriko Yoneda’s name on the family register is Noriko Oshima.

- 18 -

Reference: Skill matrix of Director candidates
1)
Name
Masahiro
Koezuka
Koichi
Otsuki
NoriakiKubo
YutakaYoneyama
HisatoYoshidaMasatoshi
Suzuki
SachikoKasanoYasuyoshi
Ichikawa
Morimasa
IkemotoNorikoYonedaGender

2)

3)

4)

5)

Audit &
International
Supervisory Management Semiconduct
Finance and Legal andOutside Independent(Overseas
Committee
experienceor businessAccounting Complianceexperience)
Members

✓

Male

✓

Male

✓

Male

✓

Male

✓

Male

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Female

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✓

Female

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- 19 -

Reference: Independence Standards for Outside Directors

Independence Standards for Outside Directors
The Company considers Outside Directors or candidates for such directors to be independent if it determinesthat none of the following 1 to 9 apply:
However, even if a person falls under any of the following 1 to 9, he or she may be appointed as Independent
Outside Director of the Company if the Company believes that he or she has sufficient independence,
provided that the reasons for such independence are publicly disclosed.
1.
2.
3.
4.
5.
6.
7.
8.
9.

A person whose major client or supplier is Socionext Group Companies (Note 1) (Note 2) or a businessexecutive person thereof (Note 3)
Major client of (Note 4) or major lender (Note 5) to Socionext Group Companies or a business executive
person thereof
An outside expert who receives a substantial amount of compensation from Socionext Group Companies
in addition to officer’s compensation (Note 6), or a person who belongs to the organization if the outside
expert is an organization such as a corporation
A member or employee of the accounting auditor of the Company
A person who receives a large donation from Socionext Group Companies (Note 7), or a person who
belongs to the organization if the recipient of such a donation is an organization such as a corporation
A business executive person of a corporation or other organization that accepts directors or other officers
from Socionext Group Companies
A person who has fallen under any of the above items 1 through 6 in the past three years
A major shareholder of the Company (Note 8) or a business executive person thereof
A close relative of one of the following (Note 9):(1)
Persons listed above 1 through 8(2)
A business executive person of Socionext Group Companies(3)
A business executive person who has been an executive person of Socionext Group Companies
in the past three years

Note: 1
Note: 2
Note: 3
Note: 4
Note: 5
Note: 6

Note: 7
Note: 8
Note: 9Socionext Group Companies means Socionext Inc. and its subsidiaries.
A person whose major client or supplier is Socionext Group Companies means a party whose sales
to Socionext Group Companies account for 2% or more of its annual consolidated total sales in themost recent fiscal year.
A business executive person is defined in Article 2, Paragraph 3, Item 6 of the Regulations for
Enforcement of the Companies Act.
Major client or supplier for Socionext Group Companies means a party to which 2% or more ofSocionext Group Companies annual consolidated total sales in the most recent fiscal year arerecorded.
Major lender is a major lender stated in the Company’s most recent Business Report.
A substantial amount of compensation means that an individual is paid at least 10 million yen peryear in the most recent business year of Socionext Group Companies, and an organization such as acorporation is paid at least 2% of the total annual consolidated sales in the most recent business yearof the organization.
A large donation means a donation of at least 10 million yen per year in the most recent fiscal yearof Socionext Group Companies.
A major shareholder is a person who holds 10% or more of the voting rights.
A close relative is a spouse, a relative within the second degree of kinship or a relative living
together.

- 20 -

Item No. 3: Election of One (1) Substitute Director Who Is an Audit & Supervisory Committee Member
In order to prepare for the case where the number of Directors who are Audit & Supervisory Committee
Members falls short of the number stipulated by laws and regulations, the Company requests election of one(1) Substitute Director who is an Audit & Supervisory Committee Member.
The election of the substitute Director who is Audit & Supervisory Committee Member is effective until thestart of the ordinary general meeting of shareholders for the last fiscal year of the fiscal years ending within
one year after the election; also, provided it is before the appointment of Director who is Audit & Supervisory
Committee Member becoming effective, the election may be rescinded by a resolution of the Board of
Directors with the consent of the Audit & Supervisory Committee.
With regard to this agenda item, the consent of the Audit & Supervisory Committee has been obtained.
The candidate for Substitute Director who is Audit & Supervisory Committee Member is as follows.
Go Anan (March 20, 1977)
OutsideIndependent
Number of years in office
Number of the Company’s shares held
Attendance at Board of Directors meetings-

Career summary
October 2001
Qualified as an attorney and joined Mori Sogo (currently Mori Hamada & Matsumoto)
April 2007
Joined Sueyoshi Sogo Law Office (currently SHIOMIZAKA) (current position)
May 2021
Independent Audit & Supervisory Board Member, INFORICH INC. (current position)
June 2022
Outside Director, AGP CORPORATION (current position)
Significant concurrent positions
Attorney, SHIOMIZAKA
Independent Audit & Supervisory Board Member, INFORICH INC.
Outside Director, AGP CORPORATION
Reasons for nomination as a candidate for Substitute Outside Director who is Audit & Supervisory
Committee Member and outline of expected roles
He has extensive experience as an attorney and deep insight into corporate legal affairs. While Mr. Anan has
no experience of being involved in corporate management other than having served in the past as Outside
Officer, the Company concluded that he will be able to perform his duties appropriately from an independent
standpoint and proposes electing him as Substitute Outside Director who is Audit & Supervisory Committee
Member.
The Company expects her to contribute to the enhancement of management oversight functions and theimprovement of corporate value through proposals for general management based on her extensive experienceand insight as an attorney.

- 21 -

Notes:1. There is no special conflict of interests between the candidate and the Company.
2. Go Anan is a candidate for Substitute Outside Director.
3. If Mr. Anan is elected and appointed as Director who is Audit & Supervisory Committee Member, theCompany plans to enter into a limited liability agreement with him pursuant to Article 427, Paragraph 1of the Companies Act and the Articles of Incorporation to limit his liability for damages as defined under
Article 423, Paragraph 1 of the Company Act to the minimum liability amount stipulated in Article 425,
Paragraph 1 of the Company Act.
4. If Mr. Anan is elected and appointed as Director who is Audit & Supervisory Committee Member, theCompany plans to enter into an indemnity agreement with him to the effect that the Company willcompensate, to the extent provided by laws and regulations, for the expenses referred to in Article 430-2,
Paragraph 1, Item 1 of the Companies Act and the losses referred to in Item 2 of the same paragraph sothat Director who is Audit & Supervisory Committee Member can fully perform his expected roles.
5. The Company has entered into officers’ liability insurance contracts with insurance companies pursuant
to Article 430-3, Paragraph 1 of the Companies Act, under which the insured is liable in connection withthe execution of his/her duties or shall be compensated for any damage that may arise from the receipt ofa claim related to the pursuit of such liability. All premiums for the insured are fully paid by theCompany. If each candidate is elected and appointed as Director who is Audit & Supervisory Committee
Member, he or she will be an insured under the relevant insurance policy.
6. If Go Anan is elected and appointed as Director who is Audit & Supervisory Committee Member, hemeets the requirements for Independent Officer as provided for by Tokyo Stock Exchange, and theCompany plans to register him as Independent Officer.
7. The number of the Company shares held by each candidate is as of March 31, 2023.

- 22 -

Business Report(April 1, 2022 to March 31, 2023)

1.

Current Status of Corporate Group(1)

Business progress and results[Status of the world economy]
During the fiscal period under review, the global economy has shown a recovery from COVID-19 in terms ofboth supply and demand, with a gentle upward trend. However, the economic recovery slowed down in thelatter half of the fiscal year due to high inflation rates and monetary policy tightening. Regarding exchange
rates, the Japanese yen has been appreciating from November 2022 onward; however, it depreciated comparedwith the previous fiscal year. Additionally, the prolonged conflict in Ukraine, U.S.-China trade friction, and
new COVID-19 variants have further increased uncertainties regarding future economic developments.
[Conditions in global semiconductor market]
Under such circumstances, the growth of the semiconductor market slowed down significantly in 2022
compared with the previous year, due to weaker demand for final products such as smartphones, PCs, andconsumer electronics. On the other hand, the manufacturing capacity constraints of manufacturers (foundries
as well as OSAT) that led to limitations in semiconductor supply have been easing from the latter half of the
fiscal year.
[Results of Structural Reform in Socionext Group since April 2018]
At the Group (“the Group,” “the Company,” “we” and “our” refer to Socionext Inc. and its consolidated
subsidiaries), we have been progressing with transforming our business model, and shifting focus areas tohigh-growth and cutting-edge business areas where more global large-scale business is expected, and also
carrying out structural reform including bold transformation in our business structure. This has all been
implemented by the current CEO since his appointment in April 2018. As a result, we have been acquiring
more design wins in our focus areas including automotive, data centers & networking, and smart devices. We
have acquired design wins amounting to roughly 200 billion yen during each of the fiscal years ended March
31, 2020, 2021 and 2022, an increase from the design win amount of roughly 100 billion yen for the fiscal
year ended March 31, 2019, through the transformation. Furthermore, for the current fiscal year ended March
31, 2023, we have achieved design wins amounting to 250 billion yen (1 U.S. dollar = 100 yen).
[Transformation of development system in the Group]
To improve design and development efficiency, we also made a transformation to rebuild an optimized R&D
structure corresponding to our distinctive “Solution SoC” business model. We clarified the role of the teamwith engineers having a deep understanding of advanced technologies including SoC system architecture, IP
and design methodologies, to develop strong relationships with partners in the global semiconductor industry
ecosystem. In addition, we established a three-tiered organizational structure, including the project
management division to manage R&D projects based on defined SoC specifications, and teams responsible
for specific development tasks. Through the R&D structure, we are able to strengthen the relationship withcustomers at the early stage of the projects and meet customer needs for SoC development.
[Status of research and development in the Group]
Our research and development consists of both upfront development in advanced technologies for acquiring
design wins in our focus areas and investments in product development linked to acquired design wins. For
the current fiscal year under review, our research and development costs increased 14.2% from the previous
period to 49,324 million yen. This was mainly due to the increase in acquired design wins. Because theecosystem continues to grow in complexity and flexibly, and to utilize the latest advanced technologies, weregularly work with multiple partners and actively invest in advanced technologies including 3nm and finer
process nodes, advanced packaging technologies such as chiplets, application of latest EDA tools as well as
platformization. For investments in product development, we completed tape-out (the final stage of the design
process) of 5nm-generation products in the ADAS area in the first quarter of the current fiscal year underreview. We also started mass production for 7nm products in the data center & networking area in the current
fiscal year under review. Furthermore, 7nm products in the automotive area will enter the mass production
stage in the fiscal year ending March 31, 2024.
- 23 -

[Status of sales in the Group during the fiscal year under review]
Our net sales consist of NRE revenue received from customers based on costs incurred in scheduled
milestones during the design and development process, and product revenue from the applicable products
which entered the mass production stage. Under the circumstances of technological advancements in thesemiconductor industry, NRE revenue was 34,867 million yen in the current year ended March 31, 2023, an
increase of 24.0% from the year ended March 31, 2022. Besides, product revenue increased significantly by
85.3% from the previous fiscal year ended March 31, 2022, to 156,751 million yen. This was due to thecompletion of product development in the design wins acquired in or after the fiscal year ended March 2020and such products have sequentially entered the mass production stage and production volume increased
especially in cutting-edge processes. In addition, the easing of capacity constraints at manufacturing partners
also contributed to the increase in product sales.
[Status of business performance in the Group during the fiscal year under review]
The consolidated net sales for the year ended March 31, 2023 were 192,767 million yen, an increase of 64.7%
compared with the previous fiscal year. Operating income was 21,711 million yen (up 156.5% from theprevious fiscal year), ordinary income came to 23,440 million yen (up 159.0%) and profit attributable toowners of parent posted 19,763 million yen (up 164.2%), all significantly up from the previous fiscal year.
The depreciation of the Japanese yen has led to increases of 25,600 million yen in net sales, 9,800 million yen
in operating income and 10,600 million yen in ordinary income, compared with the previous fiscal year.
Results for the fiscal year under review
Net sales
192,767 million yen (up 64.7% year on year)
Operating income
21,711 million yen (up 156.5% year on year)
Ordinary income
23,440 million yen (up 159.0% year on year)
Profit attributable to owners of parent
19,763 million yen (up 164.2% year on year)- 24 -

(2)Issues to Deal WithThe Solution SoC business, the Group’s business, is characterized by a long period of time between theacquisition of design wins and the start and end of mass production. For this reason, one of the Group’s key
management indicators is the balance of design wins acquired, which is the amount of design wins acquired
less actual sales.
By adopting this management indicator, the Group is now able to forecast sales through the fiscal year ending
March 2025 to some extent. Therefore, looking ahead to the fiscal year ending March 2026 and beyond, we
recognize that it is necessary for the continuous sustainable growth of the Group to acquire the same level ofdesign wins per year as in the current fiscal year, which is around 250 billion yen (1 U.S. dollar = 100 yen).
In order to achieve this goal, we have positioned the transformation of corporate culture, improvement ofdevelopment competitiveness, and strengthening of the SCM system as key management issues, and will
move forward with these initiatives.
First, in transforming our corporate culture, we will change our mindset as a global company, understand theneeds of our overseas customers that could lead to global large-scale business and build a structure thatenables us to provide the products and services our customers demand.
Next, in improving our development competitiveness, we will aggressively pursue the establishment ofstandard development processes and up-front investment in design environments including methodologies andtools. We will also further strengthen our relationships with global partners in the semiconductor ecosystem,
including IP and tool vendors, foundries, and OSAT, and continue to participate in the activities ofinternational standards organizations.
Furthermore, in strengthening the SCM system, we will continue to improve business processes in the
production, procurement, and supply functions, and to build an optimal SCM system for the entire Group, sothat we can respond in a timely manner even when the production capacity of our manufacturing partners
becomes tight.
In addition to these activities, we will actively work to resolve sustainability issues such as those related to theenvironment and human resources.
The Group, as a global company, will contribute to society by creating new value in the form of solution SoC,
combining sales, development, production and procurement, and corporate functions.

(3)

Status of Capital investment

Capital investment (including intangible assets) made during the fiscal year under review totaled 20,429
million yen. The main investments among them are for reticles, intellectual property (IP), test boards andenhancement of the development environment.

(4)

Status of Financing

To respond to increasing needs for working capital related to increasing product revenue, as well as to addressa global economic slowdown and geopolitical risks, the Company entered another commitment line agreementof 10 billion yen on December 27, 2022, besides an existing commitment line agreement of 10 billion yen. As
a result, the maximum amount for the commitment lines has become 20 billion yen. As of March 31, 2023, thecommitment lines with a total amount of 20 billion yen were unused.

- 25 -

(5)Financial Position and Results of Operations
Category

6th Business
PeriodFYE March 2020

7th Business
PeriodFYE March 2021

8th Business
PeriodFYE March 2022

Ninth Business
PeriodFYE March 2023
Fiscal year underreview
192,767
21,711
23,440Net sales(Million yen)
103,628
99,746
117,009
Operating income(Million yen)
2,316
1,552
8,463
Ordinary income(Million yen)
1,852
1,969
9,050
Profit attributable to(Million yen)
1,428
1,469
7,480
19,763owners of parent
Profit per share
(Yen)
42.42
43.63
222.18587.02
Total assets(Million yen)
98,681
104,235
118,428
193,945
Net assets(Million yen)
79,836
81,676
89,609109,864
Notes: The Company conducted a 4-for-1 share consolidation of its common stock, Type A shares and Type B shares each on
September 5, 2022. In addition, due to exercise of put options by its shareholders, the Company acquired all the Type A
shares and Type B shares on September 6, 2022, and delivered as consideration 1.3466666 shares of common stock forType A shares per share and 1 share of common stock for Type B shares per share. The Company cancelled all the TypeA shares and Type B shares. Profit per share is computed based on the assumption that the share consolidation was
conducted at the beginning of the fiscal year ended March 31, 2020.

- 26 -

(6)Major Subsidiaries
Company nameCommon stock

Socionext America Inc.

The Company’s
stake

Main BusinessThousand USD
Design, development and sales
100.0%
2,800
of solution SoCs
Socionext Europe GmbH
Thousand Euro
Design, development and sales
100.0%
11,400of solution SoCs
Socionext Technology PacificThousand USD
Design, development and sales
100.0%
Asia Ltd.
6,000
of solution SoCs
Socionext Technology
Chinese Yuan
Design, development and sales
100.0%(Shanghai) Co., Ltd.
12,249,600
of solution SoCs
Socionext Taiwan Inc.
Thousand NTD
Design, development and sales
100.0%
29,000of solution SoCs
Socionext Korea Ltd.
Million KRW
100.0% Sales of solution SoCs
400
Notes: Shares of Socionext Technology (Shanghai) Co., Ltd. and Socionext Taiwan Inc. are held indirectly
through Socionext Technology Pacific Asia Ltd.

- 27 -

(7)Principal Business (as of March 31, 2023)

The Company’s business is a single segment of the Solution SoC business and consists primarily of thefollowing five areas:
Area
Main Applications
AD/ADAS, in-vehicle sensing, IVI (In-Vehicle Infotainment),
Automotive
cockpit HMI
Data center & networking
Data center, AI accelerators and 5G mobile phone base stations
Smart Devices
Smart glasses, AR/VR, action cameras, digital still cameras
Industrial automation
FA, measuring instruments, printers, projectors
Smart home appliance/smart home/IoT devices, broadcast
IoT & Radar Sensing
receivers, satellite/in-vehicle communication devices(8)

Principal Offices (as of March 31, 2023)

1)

The Company
Name
Head Office
Kyoto Office
Kozoji OfficeSendai OfficeSubsidiaries
Company name
Socionext America Inc.
Socionext Europe GmbH
Socionext Technology Pacific Asia Ltd.
Socionext Technology (Shanghai) Co., Ltd.
Socionext Taiwan Inc.
Socionext Korea Ltd.

Location
Yokohama City, Kanagawa Prefecture
Kyoto City, Kyoto Prefecture
Kasugai City, Aichi Prefecture
Sendai City, Miyagi Prefecture2)

Location
USA, Milpitas
Germany, Langen
China, Hong Kong
China, Shanghai
Taiwan, Taipei
South Korea, Seoul- 28 -

(9)Employees (as of March 31, 2023)

Number of employees
Change from the previous fiscal year-end
2,526
Decrease of 43
Notes: The number of employees includes temporary employees (fixed-term employees, contract employees,
and incoming secondees). In addition to the above, we have 50 employees on secondment outside theGroup.

- 29 -

2.
(1)
1)
2)
3)
4)

Current condition of the Company
Shares (as of March 31, 2023)
Total number of authorized shares
Total number of shares outstanding
Number of shareholders
17,672Major shareholders

134,600,000
33,666,666

Name of shareholder
Development Bank of Japan Inc.
Fujitsu Limited
The Master Trust Bank of Japan, Ltd. (trust Account)
Panasonic Holdings Corporation
SSBTC CLIENT OMNIBUS ACCOUNTBNP PARIBAS LONDON BRANCH FOR PRIMEBROKERAGE CLEARANCE ACC FOR THIRD PARTY
Custody Bank of Japan, Ltd. (trust account)
BNP PARIBAS LONDON BRANCH FOR PRIMEBROKERAGE SEGREGATION ACC FOR THIRD PARTYPERSHING SECURITIES LTD
CLIENT SAFE CUSTODY ASSET ACCOUNT
Nomura Securities Co., Ltd. (self-transfer account)Note: There is no treasury stock.
(2)
1)

Number of shares
held (shares)
5,049,966
5,049,900
2,880,100
2,525,000
1,037,500

Percentage ofshareholding (%)
14.99
14.99
8.55
7.50
3.08

614,465

1.82

586,900

1.74

454,635

1.35

410,600

1.21

399,700

1.18

Status of Officers
Directors (as of March 31, 2023)
Position in the Company

Name

Responsibilities and Significant Concurrent
PositionsRepresentative Director, Chairman,
President and CEO

Masahiro Koezuka-

Director and Deputy President

Koichi Otsuki

Director and Deputy President
Director and Corporate Executive
Vice President
Director
Director

Noriaki Kubo

In charge of sales and business development,
strategic sourcing and production management
Business and development

Yutaka Yoneyama

Finance and business administration

Shin-ichi Ando
Masatoshi Suzuki

Director

Katsushi Kitajo

Special assignment
Director and Managing Executive Officer ofDevelopment Bank of Japan Inc.

Director (Full-time Audit &Tsuyoshi Sakuma
Supervisory Committee Member)
Director (Audit & Supervisory
Sachiko Kasano
Attorney, SHIOMIZAKA
Committee Member)
Director (Audit & Supervisory
Yasuyoshi
Member of Yasuyoshi Ichikawa Certified Public
Committee Member)
Ichikawa
Accountant Office, Certified Public Accountant
Notes: 1. Directors Masatoshi Suzuki and Katsushi Kitajo and Directors who are Audit & Supervisory
Committee Members Sachiko Kasano and Yasuyoshi Ichikawa are Outside Directors.
2. Development Bank of Japan Inc., in which a significant concurrent position is held by Director
Katsushi Kitajo, is a shareholder with 14.99% of the total number of shares outstanding of theCompany, but there are no other transactions and other matters to be described.
3. There is no special relationship between the Company and the organizations in which significant
concurrent positions are held by Directors Sachiko Kasano and Yasuyoshi Ichikawa, who are Audit& Supervisory Committee Members.
4. Directors who are Audit & Supervisory Committee Members, Tsuyoshi Sakuma and Yasuyoshi
Ichikawa, have considerable knowledge of finance and accounting as follows:* Tsuyoshi Sakuma, Director who is Audit & Supervisory Committee Member, engaged ininvestment banking operations at Development Bank of Japan Inc. for many years.
- 30 -

* Yasuyoshi Ichikawa, Director who is an Audit & Supervisory Committee Member, is qualified
as a certified public accountant.
5. When the resolution was deemed to have been made at the Extraordinary General Meeting of
Shareholders and the general shareholders’ General Meeting of Class Shareholders held on July 27,
2022, Morimasa Ikemoto and Yoshiyuki Miyabe, both Directors, and Kenji Hanawa, Director who
is Audit & Supervisory Committee Member, resigned from their positions. Regarding significant
concurrent positions at the time of their retirement, Yoshiyuki Miyabe was Director and Executive
Vice President of Panasonic Holdings Corporation and External Director, West Japan Railway
Company, and Kenji Hanawa was Deputy Manager, Corporate Finance Department, Division 2 ofDevelopment Bank of Japan Inc. and Councilor, Corporate Coordination Department, Social
Implementation Division of the National Institute of Advanced Industrial Science and Technology.
6. Panasonic Holdings Corporation, in which a significant concurrent position is held by Mr.
Yoshiyuki Miyabe at the time of his retirement, is a shareholder with 7.50% of the total number ofshares outstanding of the Company, and there are product sales and other transactions between the
Company and Panasonic Holdings Corporation and its subsidiaries. In addition, there is no special
relationship between the Company and West Japan Railway Company, in which a significant
concurrent position was held at the time of his retirement.
7. Development Bank of Japan Inc., in which a significant concurrent position is held by Mr. Kenji
Hanawa at the time of his retirement, is a shareholder with 14.99% of the total number of shares
outstanding of the Company, but there are no other transactions and other matters to be described. In
addition, there is no special relationship between the Company and the National Institute ofAdvanced Industrial Science and Technology, in which a significant concurrent position was held at
the time of his retirement.
8. Kenji Hanawa engaged in investment banking operations at Development Bank of Japan Inc. formany years and had considerable knowledge of finance and accounting.
9. The Company selected Tsuyoshi Sakuma as a full-time Audit & Supervisory Committee Member inorder to enhance information-gathering, improve the effectiveness of audits through adequate
collaboration with the internal audit department, etc., and strengthen the audit and supervisory
functions.
10. The Company has designated Outside Directors Masatoshi Suzuki, Katsushi Kitajo, Sachiko
Kasano and Yasuyoshi Ichikawa as Independent Officers as provided for by the Tokyo Stock
Exchange, and has registered them with the Tokyo Stock Exchange.
2)
Outline of contracts for limitations of liability
The Company has entered into agreements with Director who is Audit & Supervisory Committee Member
Tsuyoshi Sakuma, and Outside Directors Masatoshi Suzuki, Katsushi Kitajo, Sachiko Kasano and Yasuyoshi
Ichikawa pursuant to Article 427, Paragraph 1 of the Companies Act and the Articles of Incorporation, to limit
their liability for damages as defined under Article 423, Paragraph 1 of the Companies Act.
The amount of liability under the said agreements shall be limited to the minimum liability amount stipulated
in Article 425, Paragraph 1 of the Company Act. Such limitation of liability is permitted only when the
director concerned acts in good faith and without gross negligence in the performance of duties that caused
the liability.
Outside Directors Morimasa Ikemoto, Yoshiyuki Miyabe and Kenji Hanawa, who retired when the resolution
was deemed to have been made at the Extraordinary General Meeting of Shareholders and the generalshareholders’ General Meeting of Class Shareholders on July 27, 2022, had also entered into similar liability
limitation agreements.
3)
Outline of contents for indemnity agreement
The Company has entered into indemnity agreements provided in Article 430-2, Paragraph 1, with Directors
Masahiro Koezuka, Koichi Otsuki, Noriaki Kubo, Yutaka Yoneyama, Shin-ichi Ando, Masatoshi Suzuki and
Katsushi Kitajo, and Directors who are Audit & Supervisory Committee Members Tsuyoshi Sakuma, Sachiko
Kasano and Yasuyoshi Ichikawa. The agreements are to the effect that the Company will compensate, to theextent provided by laws and regulations, for the expenses referred to in Article 430-2, Paragraph 1, Item 1 of
the Companies Act and the losses referred to in Item 2 of the same paragraph. In order to ensure that theappropriate execution of duties by corporate officers is not undermined by the indemnity agreement, theCompany stipulates that in the event that an officer executes his or her duties for the purpose of pursuing his
or her own or a third party’s illicit gain or causing damage to the Company, the Company may claim
reimbursement of the expenses under Item 1 of the same paragraph, and in the event that there is malicious- 31 -

intent or gross negligence in the execution of his or her duties, the loss under Item 2 of the same paragraphshall not be covered by indemnity.
4)
Outline, etc. of contents of officers’ liability insurance contract
The Company has entered into officers’ liability insurance contracts with insurance companies as provided in
Article 430-3, Paragraph 1 of the Companies Act with Directors (including Directors who are Audit &Supervisory Committee Members), executive officers and managers etc. of the Company and officers andmanagers etc. of the Company’s subsidiaries as insured persons. Under such insurance policies, the Company
is responsible for all premiums, and the insurance company indemnifies the insured against any indemnities
and litigation costs that the insured may incur if the insured receives a claim for damages in the performanceof its duties.
5)

Compensation, etc. for Directorsa.

Total amount of compensation, etc. for directors
Total amount of compensation, etc. by type
Total amount(million yen)
Number ofofeligible
NonCategorycompensation,
Performanceofficers
Basicmonetaryetc. (million
based(persons)
compensationcompensation,yen)
compensationetc.
Director(excluding Audit &Supervisory
214
178
36
9
Committee
Members)(of which, Outside
(23)
(23)
(-)
(-)
(4)
Directors)
Director (Audit &Supervisory
48
40
8
4
Committee
Member)(of which, Outside
(20)
(20)
(-)
(-)
(3)
Directors)
Total
262
218
44
13
(of which, Outside
(43)
(43)
(-)
(-)
(7)
Directors)
Notes: 1. The amounts for Directors (excluding Audit & Supervisory Committee Members) include payment
to two Directors (excluding Audit & Supervisory Committee Members), of which two are Outside
Directors, who retired when the resolution was deemed to have been made at the Extraordinary
General Meeting of Shareholders and the general shareholders’ General Meeting of Class
Shareholders on July 27, 2022.
2. The amounts for Directors who are Audit & Supervisory Committee Members include payment to
one Director who is Audit & Supervisory Committee Member, of which one is Outside Director,
who retired when the resolution was deemed to have been made at the Extraordinary General
Meeting of Shareholders and the general shareholders’ General Meeting of Class Shareholders on
July 27, 2022.
b.
Performance-based compensation, etc.
Outline of the matters related to performance-based compensation is described in “d. Policies, etc. fordecisions on the content of compensation for individual directors, etc.,” in “B. Compensation structure,” under“(1) Directors in charge of business execution” in “(ii) Incentive compensation (cash and stock)” below.
c.
Matters relating to the resolution of the General Meeting of Shareholders on compensation, etc. of
directors.
* Directors (excluding Directors who are Audit & Supervisory Committee Members)
At the Extraordinary General Meeting of Shareholders on July 27, 2022, it was resolved by a deemed
resolution that the total amount of monetary compensation for Directors (excluding Directors who are Audit &- 32 -

Supervisory Committee Members) should be no more than 550 million yen per year (up to 45 million yen foroutside directors; however, this does not include the employee salaries of directors who also serve as
employees). And the specific amount of compensation for each individual has been decided by the Board of
Directors on condition that the decision is made based on the report made by the Nomination andRemuneration Committee to the Board of Directors, and subject to approval of the Nomination andRemuneration Committee, and left to the discretion of Masahiro Koezuka, Representative Director, Chairman
and President. The reason for delegating this authority was that the Representative Director was judged to besuitable for evaluating the division in which each director is in charge, taking into account the performance of
the Company as a whole. The number of Directors at the time the proposal pertaining to the deemed resolution
was made (excluding Directors who are Audit & Supervisory Committee Members) was nine, two of whom
resigned when the resolution was deemed to have been made at the Extraordinary General Meeting of
Shareholders and the general shareholders’ General Meeting of Class Shareholders on July 27, 2022, so thenumber of Directors at the time when the said resolution was deemed to have been made was seven.
In addition, separately from the monetary compensation, the introduction of a performance-based restricted
stock compensation plan was approved by a deemed resolution at the above-mentioned extraordinary general
meeting of shareholders (an outline of the plan is described in “d. Policies, etc. for decisions on the content ofcompensation for individual directors, etc.,” in “B. Compensation structure,” under “1) Directors in charge ofbusiness execution,” in “(ii) Incentive compensation (cash and stock)” in “c. Payment of incentive
compensation (stock).” Specifically, the resolution stipulates that the total amount of monetary compensation
claims to be paid to eligible directors for the grant of performance-based restricted stock compensation shallnot exceed 170 million yen per year (however, this does not include the employee salaries of directors who
also serve as employees). And it states that eligible directors shall pay all such monetary compensation claimsin the form of property contributed in kind and receive the issuance or disposition of the Company’s common
stock, whereby the total number of the Company’s common stock to be issued or disposed of shall not exceed
200,000 shares per year (however, adjustments will be made in the event of a stock split or consolidation of
the Company’s common stock). The number of eligible directors at the time when the said resolution wasdeemed to have been made was five.
* Directors who are Audit & Supervisory Committee Members
At the Extraordinary General Meeting of Shareholders held on July 27, 2022, it was resolved by a deemed
resolution that the compensation of Directors who are Audit & Supervisory Committee Members shall be
fixed basic compensation only and no more than 200 million yen per year (including no more than 80 million
yen for Outside Directors), taking into account the nature of their roles and duties. The specific amount ofbasic compensation for each individual has been determined through discussion among Directors who are
Audit & Supervisory Committee Members. The number of Directors who are Audit & Supervisory Committee
Members at the time the proposal pertaining to the deemed resolution was made was four, one of whom
resigned when the resolution was deemed to have been made at the Extraordinary General Meeting of
Shareholders and the general shareholders’ General Meeting of Class Shareholders on July 27, 2022, so thenumber of Directors who are Audit & Supervisory Committee Members at the time when the said resolution
was deemed to have been made was three.
d.
Policies, etc. for decisions on the content of compensation for individual directors, etc.
The Board of Directors resolved at its meeting held on July 27, 2022, policies for decisions on the content ofcompensation for individual Directors, etc. (excluding Directors who are Audit & Supervisory Committee
Members), and a summary of the content is as follows.
A.
Details of the Directors’ Compensation System
1)
Basic concept
The Company’s approach to directors’ compensation is as follows:* Highly linked to the company’s performance and highly transparent and objective* Enhancement of corporate value and compensation should be linked in order to share a sense of interest
with shareholders* Contribute to securing and retaining a global management team that meets qualified capability
requirements in realizing the corporate vision
Compensation for executive directors among Directors consists of a basic compensation based on thecompensation standard for the position, and cash and stock incentive compensation reflecting the level ofachievement of the company’s performance in each fiscal year. In stock incentive compensation, the Company
grants performance-based restricted stock.
- 33 -

Compensation for Independent Outside Directors (non-executive Directors) among Directors is fixed basic
compensation only in light of their role in supervising business execution.
If the Company appoints a non-executive director who does not fall under any of the above categories, thecompensation for such non-executive director will be considered separately based on a report by the
Nomination and Remuneration Committee.

Eligible Directors

Executive Director

Independent Outside
Directors

Basiccompensation

Contents
To achieve performancetargets and increase
shareholder value, basic
compensation and incentive
compensation (cash andstock) will be provided.
To ensure independence, only
basic compensation that is
not linked to performance
will be paid.

Incentive compensation
Cash
Stock-based
compensation compensation

✓

✓

✓

✓

-

-

2)
Compensation level
In light of the business environment surrounding the Company, we will objectively compare compensationlevels with those of other companies in the same industry or other companies of the same size, based on thedata from research firms, and establish appropriate levels relevant for the positions.
3)
Process for determining compensation
The Company has established a voluntary Nomination and Remuneration Committee to ensure theappropriateness of compensation levels and amounts and the transparency of the decision-making process.
The chairman and the majority of committee members are Independent Outside Directors.
The Board of Directors consults with the Nomination and Remuneration Committee on basic policies anddecision procedures. The recommendations of the Nomination and Remuneration Committee are deliberated
by the Board of Directors, and the Board of Directors decides the basic policy and decision procedures andmakes a resolution on the agenda for the General Meeting of Shareholders in the event that the upper limit of
total compensation is reviewed.
The specific amount of basic compensation and incentive compensation (cash and stock) for each individual isdetermined within the total amount of compensation approved by the General Meeting of Shareholders, basedon the report made by the Nomination and Remuneration Committee to the Board of Directors, and subject toapproval by the Nomination and Remuneration Committee, and is determined at the discretion of Masahiro
Koezuka, Representative Director, Chairman and President, based on a resolution of the Board of Directors.
B.
Compensation structure
The compensation structure of the Company’s Directors is as follows:
1)

Executive Director

Type of compensation
Basic compensation

Incentivecompensation

CashStocksFixed/Variab
leOutlineBased on the scope of
responsibility and role (position)in the Company, a fixed amount is
paid as basic compensation
Payment by cash (bonus) as
performance-based compensation
based on the evaluation of
performance results in the target
year
Payment by stock as performance- 34 -Payment
methodFixed

Percentage
to total
60%

Cashpayment
20%

Variable
Payment by

20%

based compensation based on thestockevaluation of performance resultsin the target year
Notes: 1. Stocks are distributed to directors after the end of the relevant fiscal year by providing monetarycompensation claims to grant performance-based restricted stock compensation and having thedirectors pay the full amount of the monetary compensation claims as property contributed in kind.
In addition, compensation for granting performance-based restricted stock will be paid on or after
the listing date.
2. Percentage figures are estimates and are the percentages when 100% of the performance targets areachieved.
(i)
Basic compensation
Basic compensation is determined, referring to the amount of past compensation, by comparing with theperformance of other companies in the same industry or similar size.
Basic compensation is paid as monthly compensation in a fixed amount.
(ii)
Incentive compensation (cash, stock)a.
Structure
In the evaluation items and indicators for the performance-based portion, we consider “net sales,” “operating
profit,” and “design win amount,” which are used as numerical targets in the management plan, as quantitative
items, with a weighting of approximately 25% each, and also take into account business transformation,
growth strategy, ESG measures, etc. as qualitative items as below with a weighting of approximately 25%. In
addition, we evaluate all of these items based on comprehensive judgment by the Nomination andRemuneration Committee. We selected the indicators because we believe that quantitative items are numericaltargets in the Company’s management plan and qualitative items are essential for the sustainable developmentof the Company. The results of the evaluation are reported to and deliberated by the Board of Directors.
Items
subject toevaluation

Items inevaluation

Evaluation
timing

Evaluation indicator(target)Net sales
OperatingincomeDesign win
amountBusinesstransformation,
growthstrategy, ESG
measures, etc.

Weightingpercentage

Variation range

25%

The Nomination
andCommonQuantitative
25%
Remuneration
Items
items
Committee
At the end
25%
Degree ofmakes aof thetargetjudgment withintarget fiscal
achievement
the range of 0–
year
Individual
Qualitativein target
150% by
25%
items
items
fiscal year
comprehensively
considering thedegree ofachievement of100%
each item.
Notes: 1. We will consider adding ROE to the evaluation indicator (target) for judgement in the future.
2. We set minimum goals for each evaluation indicator (target). We also set a cap on incentives anddetermine the evaluation level so that the rate of achievement and the payment amount areconsistent.
3. Net sales, which are set as an evaluation indicator (target) for the performance-based portion,
reached 192.8 billion yen for fiscal year ended March 31, 2023, as opposed to the initial financial
results forecast of 170 billion yen. Operating profit for the same period was 21.7 billion yen,
compared with the initial forecast of 17 billion yen. The design win amount for the same period
came to approximately 250 billion yen as we had aimed to acquire design win that could exceed theprevious year’s amount of about 200 billion yen.
b.
Payment of incentive compensation (cash)
After the performance evaluation period ends, the Nomination and Remuneration Committee makes acomprehensive judgement of the level of achievement of evaluation indicators and submits a report within therange of 0–150% to the Board of Directors, which deliberates and determines the level of incentive- 35 -

compensation (cash) payment.
Payment is made in cash in June of the fiscal year following the target fiscal year of performance evaluation.
<Conceptual image of evaluation>
Fiscal year
before target
fiscal year
4th quarter
Targetsetting

Target fiscal year
1st quarter2nd quarter3rd quarter

Evaluation period

4th quarter

Fiscal year
followingtarget fiscal
year
1st quarter
Finalevaluationand payment(June)

c.
Payment of incentive compensation (stock)
I
OutlineAfter the performance evaluation period ends, the Nomination and Remuneration Committee makes acomprehensive judgement of the level of achievement of evaluation indicators and submits a report within therange of 0–150% to the Board of Directors, which deliberates and determines the level of incentive
compensation (stock) payment.
When the performance evaluation period ends and Eligible Directors meet the following requirements, theCompany shall deliver performance-based restricted stock to each Eligible Director by providing monetarycompensation claims to grant performance-based restricted stock to each Eligible Director and having each
Eligible Director pay the full amount of such monetary compensation claims as property contributed in kind.
*
During the performance evaluation period and up to and including immediately prior to the conclusion of
the first ordinary general meeting of shareholders held after the end of the performance evaluation
period, the Eligible Directors continued to hold the positions among positions of Socionext Personnel of
the Company as predetermined by the Board of Directors of the Company.
*
He or she does not fall under certain illegal acts or other reasons for non-payment as determined by the
Board of Directors of the Company.
The performance-based restricted stock will be delivered by means of the issuance of new shares or the
disposition of treasury stock by the Company, and the amount to be paid in per share will be determined by
the Board of Directors on the basis of the closing price of the Company’s common stock on the Tokyo Stock
Exchange on the business day immediately preceding the date of each resolution of the Board of Directors of
the Company regarding the allotment of performance-based restricted stock (if a trade is not made on the saidday, the closing price on the immediately preceding trading day) to the extent that the amount is notparticularly favorable to Eligible Directors who will subscribe for such common stock.
II
Transfer restriction period
Eligible Directors shall not transfer, create a security interest on or dispose otherwise of the shares of common
stock of the Company allotted to them (hereafter referred to as the “Allotted Shares”) under the allotment
agreement (hereafter referred to as “Transfer Restrictions”). This shall apply during the period from the dateof allotment of the performance-based restricted stock under the Restricted Stock Allotment Agreement to be
separately concluded with the Company (hereafter referred to as the “Allotment Agreement”) until the date ofretirement from the positions among Socionext Personnel of the Company as predetermined by the Board of
Directors of the Company (hereafter referred to as the “Transfer Restriction Period”).
III
Treatment at the time of retirement
If an Eligible Director retires from one of the positions of officer or employee of the Company as
predetermined by the Board of Directors of the Company, the Company will naturally acquire the Allotted
Shares free of charge, unless his or her term of office expires, he or she dies, or the Board of Directors
determines that there are other valid reasons for his or her retirement.
IV
Lifting of Transfer Restrictions, Etc.
The Company will release Transfer Restrictions on all of the Allotted Shares upon the expiration of theTransfer Restriction Period, provided that the Eligible Directors have continued to hold positions among
Socionext Personnel of the Company as predetermined by the Board of Directors of the Company during the- 36 -

Transfer Restriction Period.
Year X
March
Year X+1
March

Targetsetting

Year X+2
March

Year X+1
March
Evaluation
periodTargetsetting

Year X+2
March
Evaluationand grant(June,
July)
Evaluation
periodTargetsetting

Year X+3
March

Year X+3
March

Year X+4
March

Year X+5
March

Year X+6
March

Transferable after
retirement
Evaluationand grant(June,
July)
Evaluation
periodTransferable after
retirement
Evaluationand grant(June,
July)

Transferable after
retirement

2)
Independent Outside Directors
In view of the role of supervising the execution of business, only fixed basic compensation is paid.
d.
Matters related to delegation of decisions on compensation for individual directors
Matters related to the delegation of decisions on compensation for individual directors are described in “c.
Matters relating to the resolution of the general meeting of shareholders on compensation, etc. of directors,”“Directors (excluding Directors who are Audit & Supervisory Committee Members)” and “d. Policies, etc. fordecisions on the content of compensation for individual directors, etc.” and “A. Details of the Directors’Compensation System” above. Based on the fact that the amount of compensation for each individual director(excluding directors who are Audit & Supervisory Committee Members) has been determined through suchprocedures, the Board of Directors has determined that the content of such compensation is in line with its
decision policy.
6)
Matters related to Outside Officers
Status of major activities
Category

Name

Attendance

Board of Directors
meetings
14 out of 14
Outside Director

Masatoshi
SuzukiNomination andRemuneration
Committee meetings
14 out of 14

Board of Directors
meetings
14 out of 14
Outside Director

Katsushi Kitajo

Nomination andRemuneration
Committee meetings
13 out of 14- 37 -

Outline of statements made and duties
performed regarding expected roles of
Outside Directors
Leveraging a wealth of management
experience gained from having served as arepresentative director and other positions atlisted companies, he supervises and advises
management from an objective and neutral
standpoint.
In addition, as Chairman of the Nomination
and Remuneration Committee, he provides
various opinions and proposals from an
independent standpoint, and contributes toenhancement of supervisory functions,transparency and fairness in the process ofdetermining the content of proposals forelection of directors and officers
compensation, etc.
Leveraging a wealth of experience gained
from having served in key positions at
financial institutions, he supervises andadvises management from objective andneutral standpoints.
In addition, as a member of the Nomination
and Remuneration Committee, he provides
various opinions and proposals from anOutline of statements made and duties
performed regarding expected roles of
Outside Directors
independent standpoint, and contributes toenhancement of supervisory functions,transparency and fairness in the process ofdetermining the content of proposals forelection of directors and officers
compensation, etc.
He has served as Director who is an Audit &Supervisory Committee Member and a fullBoard of Directors
time Auditor of listed companies, andMorimasa
Outside Director
meetings
supervised and advised management taking
Ikemoto3 out of 3
advantage of extensive experience and fromprofessional standpoints regarding finance andaccounting, and internal control and auditing.
Board of Directors
Leveraging his extensive management
Yoshiyuki
Outside Director
meetings
experience in listed companies, he provided
Miyabe3 out of 3
management supervision and advice.
Based on her extensive experience as an
Board of Directors
attorney and her deep insight into corporate
Outside Director
meetings
legal affairs and compliance, she supervises(Audit &14 out of 14
and advises management from an objective
SachikoSupervisoryand neutral standpoint.
KasanoCommittee
Audit & Supervisory
In addition, as Chairman of the Audit &Member)Committee meetings
Supervisory Committee, she leads audits of
17 out of 17
execution of duties by Directors and promotes
operation of the Committee.
Based on his extensive experience as a
Board of Directors
certified public accountant and his deep
Outside Director
meetings
insight into financial accounting, he(Audit &14 out of 14
supervises and advises management from an
Yasuyoshi
Supervisoryobjective and neutral standpoint.
Ichikawa
Committee
Audit & Supervisory
In addition, as a member of the Audit &Member)Committee meetings
Supervisory Committee, he audits execution
17 out of 17
of duties by Directors based on his expert
knowledge.
Board of Directors
Leveraging his extensive experience in
Outside Director
meetings
financial institutions, he provided(Audit &3 out of 3
management supervision and advice.
Supervisory
Kenji Hanawa
In addition, as a member of the Audit &Committee
Audit & Supervisory
Supervisory Committee, he audited execution
Member)Committee meetingsof duties by Directors based on his expert
6 out of 6
knowledge.
Notes: 1. In addition to the above number of meetings of the Board of Directors, there were four (4) written
resolutions that were deemed to have been made by the Board of Directors in accordance with theprovisions of Article 370 of the Companies Act and Article 24 of the Articles of Incorporation.
2. With respect to Outside Directors Morimasa Ikemoto and Yoshiyuki Miyabe, and Outside Director
who is Audit & Supervisory Committee Member Kenji Hanawa, the situation up to their retirement
when the resolution was deemed to have been made at the Extraordinary General Meeting of
Shareholders and the general shareholders’ General Meeting of Class Shareholders on July 27,
2022, is described.
Category

(3)
1)

Name

Attendance

Accounting Auditor
Name: Ernst & Young ShinNihon LLC

2)Amount of fees etc.
Fees for the Accounting Auditor for the Company’s fiscal year under review are as follows:- 38 -

CategoryAmount paida.
Fees for auditing services under Article 2, Paragraph 1 of the
78 million yen
Certified Public Accountants Actb.
Total amount of cash and other property benefits payable by the
106 million yen
Company
Notes: 1. Reasons for the consent of the Audit & Supervisory Committee to the fee amount for theaccounting auditor
In addition to obtaining necessary materials and receiving reports from Directors, relevant
departments within the Company, and the accounting auditor, the Audit & Supervisory Committee
reviewed the execution of the audit plan and audit procedures, and the appropriateness of theestimated fees for the fiscal year under review. As a result, the Audit & Supervisory Committee
determined and agreed that the fees for the accounting auditor were at a reasonable level in orderto maintain and improve the quality of audits.
2. The following significant subsidiaries have been audited by audit firms other than the said
accounting auditor.
*
Socionext America Inc.
*
Socionext Europe GmbH*
Socionext Technology Pacific Asia Ltd.
*
Socionext Technology (Shanghai) Co., Ltd.
*
Socionext Taiwan Inc.
*
Socionext Korea Ltd.
3)
Non-audit services
The Company pays its accounting auditors for their non-audit work, which is writing comfort letters about
initial public offerings.
4)
Policy for determining dismissal or non-reappointment of accounting auditor
In the event any of the reasons stipulated in Article 340, Paragraph 1 of the Companies Act becomesapplicable to the accounting auditor, the Audit & Supervisory Committee shall dismiss the accounting auditor
based on the unanimous agreement of Audit & Supervisory Committee Members as necessary.
In addition, other than the above, in the event that it is deemed difficult to conduct a proper audit due to theoccurrence of events that impair the qualifications and independence of the accounting auditor, the Audit &Supervisory Committee shall determine the content of proposals regarding the dismissal or non-reappointmentof the accounting auditor to be submitted to the General Meeting of Shareholders.

- 39 -

3.

Policy on Decisions of Dividends of Surplus, Etc.

One of the Company’s key management priorities is to increase corporate value over the medium to long term
while returning profits to shareholders. We aim to pay a stable dividend with a target consolidated dividend
payout ratio of around 40%, taking into account the balance between advance investment in the development
needed for future growth and maintaining a solid financial base as credit to customers. In addition, over the
medium term, we will continue to invest in growth and maintain a strong financial base while promoting
shareholder return with a target total return ratio of around 50% in order to further improve shareholderinterests and capital efficiency.
In addition, the Articles of Incorporation stipulate that matters stipulated in each item of Article 459,
Paragraph 1 of the Companies Act, such as dividends of surplus, shall be determined by a resolution of theBoard of Directors without a resolution of a general meeting of shareholders, and that an interim dividend
may be paid with September 30 of each year as the record date, unless otherwise provided by law. The
Company’s basic policy is to pay dividends twice a year, an interim dividend and a year-end dividend, fromthe fiscal year ending March 2024 onward.
As no interim dividend was paid in the fiscal year under review, the Company decided to pay an annual yearend dividend of 210 yen per share at the Board of Directors meeting held on May 19, 2023 (payment start
date: June 7, 2023).

- 40 -

Consolidated Financial Statements
Consolidated balance sheets(As of March 31, 2023)
Item
AssetsCurrent assets
Cash on hand and in banks
Accounts receivable-trade, net
Finished goods
Work in process
Accounts receivable-other
Other current assets

Non-current assets
Property, plant and equipment
Buildings and structures, net
Machinery and equipment, net
Tools, furniture and fixtures, net
LandConstruction in progress
Intangible assets
Technology assets
Other

Investments and other assets
Investment securities
Deferred tax assets
Other assets

Amount156,067
45,13640,8098,187
39,528
16,2096,198

37,87817,1802,583
813,438
800
351

Item
Liabilities
Current liabilities
Accounts payable-trade
Accounts payable-otherAccrued expenses
Income taxes payable
Liabilities related to chargeable
subcontracting
Other current liabilities

82,33823,421
24,551
5,755
6,942
18,8692,800

Long-term liabilities
Asset retirement obligations
Other long-term liabilities

1,743
343
1,400

Total liabilities
Net assets
Shareholders’ equity

84,081109,030

Common stock

30,200Capital surplus

30,200Retained earnings

48,63012,962
11,494
1,468

7,736
0
6,897
839

(Million yen)AmountAccumulated other comprehensive
incomeForeign currency translation
adjustments
Share subscription rights

Total net assets
Total assets
193,945 Total liabilities and net assets(Note) Monetary amounts are rounded to the nearest million yen.

- 41 -

822
822
12
109,864
193,945

Consolidated Statement of Income(April 1, 2022 to March 31, 2023)(Million yen)
Item

AmountNet sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Foreign exchange gain
Other income
Non-operating expenses
Other expenses
Ordinary income
Profit before income taxes
Income taxes - current
Income taxes - deferred
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent(Note) Monetary amounts are rounded to the nearest million yen.

- 42 -

192,767
103,92288,845
67,134
21,711
1,601
165
37
7,382
(3,705)

1,766
37
23,44023,4403,677
19,763
19,763

Non-consolidated Financial Statements
Non-Consolidated balance sheets(As of March 31, 2023)
Item
AssetsCurrent assets
Cash on hand and in banks
Accounts receivable-trade, net
Finished goods
Work in process
Advance payments to suppliers
Prepaid expenses
Accounts receivable-other
Other current assets

Amount146,395
34,55442,1708,178
39,5274,629
1,070
16,047217

Item
Liabilities
Current liabilities
Accounts payable-trade
Accounts payable-otherAccrued expenses
Income taxes payable
Liabilities related to chargeable
subcontracting
Other current liabilities

Long-term liabilities
Asset retirement obligations
Non-current assets
Property, plant and equipment
Buildings and structures, net
Machinery and equipment, net
Tools, furniture and fixtures
Land
Construction in progress

38,26815,1951,056
012,986800351

Intangible assets
Technology assets
Other

12,912
11,494
1,417

Investments and other assets
Investment securities
Shares of subsidiaries and affiliates
Deferred tax assets
Other assets

10,161
0
2,704
6,751
704

(Million yen)Amount81,01324,38924,472
4,781
6,784
18.,869
1,714

299
299

Total liabilities
Net assets
Shareholders’ equity

103,339

Common stock

30,200Capital surplus
Legal capital surplus

30,20030,200Retained earnings
Other retained earnings
Retained earnings brought
forward42,93942,939

Share subscription rights

Total net assets
Total assets
184,664 Total liabilities and net assets(Note) Monetary amounts are rounded down to the nearest million yen.

- 43 -

81,31342,93912

103,351
184,664

Non-Consolidated Statement of Income(April 1, 2022 to March 31, 2023)(Million yen)
Item

AmountNet sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Dividend income
Foreign exchange gain
Other income
Non-operating expenses
Other expenses
Ordinary income
Income before income taxes
Income taxes - current
Income taxes - deferred
Profit(Note) Monetary amounts are rounded down to the nearest million yen.

- 44 -

191,830
103,894
87,936
68,94918,986
785
1,611
28
18
7,009
(3,694)2,425
18
21,393
21,393
3,314
18,078

Audit Report
Accounting Audit Report regarding Consolidated Financial Statements(Translation) Independent Auditor's Report
May 17, 2023
The Board of Directors
Socionext Inc.
Ernst & Young ShinNihon LLC
Tokyo, Japan/s/Noriyasu Hanafuji
Designated Engagement Partner
Certified Public Accountant/s/Shinichi Masuda
Designated Engagement Partner
Certified Public Accountant
OpinionPursuant to Article 444, paragraph 4 of the Companies Act, we have audited the accompanying consolidated
financial statements, which comprise the consolidated balance sheet, the consolidated statement of income,the consolidated statement of changes in net assets, and notes to the consolidated financial statements ofSocionext Inc. and its consolidated subsidiaries (the Group) applicable to the fiscal year from April 1, 2022 toMarch 31, 2023.
In our opinion, the accompanying consolidated financial statements present fairly, in all material respects, theconsolidated financial position and results of operations of the Group applicable to the fiscal year ended
March 31, 2023, in accordance with accounting principles generally accepted in Japan.
Basis for Opinion
We conducted our audit in accordance with auditing standards generally accepted in Japan. Our
responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of
the Consolidated Financial Statements section of our report. We are independent of the Group in accordancewith the ethical requirements that are relevant to our audit of the consolidated financial statements in Japan,
and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe thatthe audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

- 45 -

Other Information
The other information comprises the information included in the Group's business report and its
supplementary schedules. Management is responsible for preparation and disclosure of the other information.
The Audit and Supervisory Committee is responsible for overseeing the Group's reporting process of the otherinformation.
Our opinion on the consolidated financial statements does not cover the other information and we do not
express any form of assurance conclusion thereon.
Our responsibility in auditing the consolidated financial statements is to read other statements totally andverify in the reading process whether there is any material discrepancy between the other statements and theconsolidated financial statements or knowledge we obtain through the audit process and to pay attention to see
whether other statements contain any sign of error other than such material discrepancy.
If, based on the work we have performed, we conclude that there is a material misstatement of this otherinformation, we are required to report that fact.
We have nothing to report in this regard.
Responsibilities of Management, the Audit and Supervisory Committee for the Consolidated Financial
Statements
Management is responsible for the preparation and fair presentation of these consolidated financial statementsin accordance with accounting principles generally accepted in Japan, and for such internal control as
management determines is necessary to enable the preparation of consolidated financial statements that are
free from material misstatement, whether due to fraud or error.
In preparing the consolidated financial statements, management is responsible for assessing the Group's
ability to continue as a going concern and disclosing, as required by accounting principles generally acceptedin Japan, matters related to going concern.
The Audit and Supervisory Committee is responsible for overseeing the Group's financial reporting process.
Auditor's Responsibilities for the Audit of the Consolidated Financial Statements
Our objectives are to obtain reasonable assurance about whether the consolidated financial statements as awhole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that
includes our opinion. Misstatements can arise from fraud or error and are considered material if, individuallyor in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on
the basis of these consolidated financial statements.
As part of an audit in accordance with auditing standards generally accepted in Japan, we exercise
professional judgment and maintain professional skepticism throughout the audit. We also:* Identify and assess the risks of material misstatement of the consolidated financial statements, whether
due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit
evidence that is sufficient and appropriate to provide a basis for our opinion.
* Consider internal control relevant to the audit in order to design audit procedures that are appropriate in
the circumstances for our risk assessments, while the purpose of the audit of the consolidated financial
statements is not expressing an opinion on the effectiveness of the Group's internal control.
* Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimatesand related disclosures made by management.

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* Conclude on the appropriateness of preparing the consolidated financial statements with the assumption ofa going concern by management, and based on the audit evidence obtained, whether a material uncertainty
exists related to events or conditions that may cast significant doubt on the Group’s ability to continue as agoing concern. If we conclude that a material uncertainty exists in the assumption of a going concern, weare required to draw attention in our auditor's report to the related disclosures in the consolidated financial
statements or, if such disclosures are inadequate, we are required to express our opinion with exceptions
on consolidated financial statements. Our conclusions are based on the audit evidence obtained up to thedate of our auditor's report. However, future events or conditions may cause the Group to cease tocontinue as a going concern.
* Evaluate the overall presentation, structure and content of the consolidated financial statements, including
the disclosures, and whether the consolidated financial statements represent the underlying transactions
and events in a manner that achieves fair presentation in accordance with accounting principles generally
accepted in Japan.
* Obtain sufficient appropriate audit evidence regarding the financial information of the entities or businessactivities within the Group to express an opinion on the consolidated financial statements. We areresponsible for the direction, supervision and performance of the group audit. We remain solely
responsible for our audit opinion.
We communicate with the Audit and Supervisory Committee regarding, among other matters, the planned
scope and timing of the audit and significant audit findings, including any significant deficiencies in internal
control that we identify during our audit and other matters required under audit standards.
We also provide the Audit & Supervisory Committee with a statement that we have complied with the ethicalrequirements regarding independence that are relevant to our audit of the consolidated financial statements inJapan, and to communicate with them all relationships and other matters that may reasonably be thought tobear on our independence, and where applicable, related safeguards.
Interest Required to Be Disclosed by the Certified Public Accountants Act of Japan
Our firm and its designated engagement partners do not have any interest in the Group which is required to bedisclosed pursuant to the provisions of the Certified Public Accountants Act of Japan.

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Accounting Audit Report regarding Non-consolidated Financial Statements(Translation) Independent Auditor's Report
May 17, 2023
The Board of Directors
Socionext Inc.
Ernst & Young ShinNihon LLC
Tokyo, Japan/s/Noriyasu Hanafuji
Designated Engagement Partner
Certified Public Accountant/s/Shinichi Masuda
Designated Engagement Partner
Certified Public Accountant
OpinionPursuant to Article 436, paragraph 2, item 1 of the Companies Act, we have audited the accompanying nonconsolidated financial statements, which comprise the balance sheet, the statement of income, the statement ofchanges in net assets, and notes to the non-consolidated financial statements of Socionext Inc. (the Company)
applicable to the fiscal year from April 1, 2022 to March 31, 2023.
In our opinion, the financial statements, etc. referred to above present fairly, in all material respects, thefinancial position and the results of operations of the Company for the period for which the financial
statements, etc. were prepared, in accordance with accounting principles generally accepted in Japan.
Basis for Opinion
We conducted our audit in accordance with auditing standards generally accepted in Japan. Our
responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of
the Non-consolidated Financial Statements section of our report. We are independent of the Company inaccordance with the ethical requirements that are relevant to our audit of the non-consolidated financial
statements in Japan, and we have fulfilled our other ethical responsibilities in accordance with theserequirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide abasis for our opinion.
Other Information
The other information comprises the information included in Socionext Inc. and its consolidated subsidiaries'
business report and its supplementary schedules. Management is responsible for preparation and disclosure of
the other information. The Audit and Supervisory Committee is responsible for overseeing the Company's
reporting process of the other information.
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Our opinion on the non-consolidated financial statements does not cover the other information and we do not
express any form of assurance conclusion thereon.
Our responsibility in auditing the financial statements, etc. is to read other statements totally and verify in thereading process whether there is any material discrepancy between the other statements and the financial
statements, etc. or knowledge we obtain through the audit process and to pay attention to see whether otherstatements contain any sign of error other than such material discrepancy.
If, based on the work we have performed, we conclude that there is a material misstatement of this otherinformation, we are required to report that fact.
We have nothing to report in this regard.
Responsibilities of Management, the Audit and Supervisory Committee for the Non-consolidated
Financial Statements
Management is responsible for the preparation and fair presentation of these non-consolidated financial
statements in accordance with accounting principles generally accepted in Japan, and for such internal control
as management determines is necessary to enable the preparation of non-consolidated financial statements thatare free from material misstatement, whether due to fraud or error.
In preparing the non-consolidated financial statements, management is responsible for assessing theCompany's ability to continue as a going concern and disclosing, as required by accounting principles
generally accepted in Japan, matters related to going concern.
The Audit and Supervisory Committee is responsible for overseeing the Company's financial reporting
process.
Auditor's Responsibilities for the Audit of the Non-consolidated Financial Statements
Our objectives are to obtain reasonable assurance about whether the non-consolidated financial statements as
a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that
includes our opinion. Misstatements can arise from fraud or error and are considered material if, individuallyor in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on
the basis of these non-consolidated financial statements.
As part of an audit in accordance with auditing standards generally accepted in Japan, we exercise
professional judgment and maintain professional skepticism throughout the audit. We also:* Identify and assess the risks of material misstatement of the non-consolidated financial statements,
whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain
audit evidence that is sufficient and appropriate to provide a basis for our opinion.
* Consider internal control relevant to the audit in order to design audit procedures that are appropriate in
the circumstances for our risk assessments, while the purpose of the audit of the non-consolidated
financial statements is not expressing an opinion on the effectiveness of the Company's internal control.
* Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimatesand related disclosures made by management.

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* Conclude on the appropriateness of preparing the financial statements, etc. with the assumption of a going
concern by management, and based on the audit evidence obtained, whether a material uncertainty exists
related to events or conditions that may cast significant doubt on the Company’s ability to continue as agoing concern. If we conclude that a material uncertainty exists in the assumption of a going concern, weare required to draw attention in our auditor's report to the related disclosures in the non-consolidated
financial statements or, if such disclosures are inadequate, we are required to express our opinion withexception on financial statements. Our conclusions are based on the audit evidence obtained up to the dateof our auditor's report. However, future events or conditions may cause the Company to cease to continue
as a going concern.
* Evaluate the overall presentation, structure and content of the non-consolidated financial statements,
including the disclosures, and whether the non-consolidated financial statements represent the underlying
transactions and events in a manner that achieves fair presentation in accordance with accounting
principles generally accepted in Japan.
* Obtain sufficient appropriate audit evidence regarding the financial information of the entities or businessactivities within the Company to express an opinion on the non-consolidated financial statements. We areresponsible for the direction, supervision and performance of the audit. We remain solely responsible forour audit opinion.
We communicate with the Audit and Supervisory Committee regarding, among other matters, the planned
scope and timing of the audit and significant audit findings, including any significant deficiencies in internal
control that we identify during our audit and other matters required under audit standards.
We also provide the Audit & Supervisory Committee with a statement that we have complied with the ethicalrequirements regarding independence that are relevant to our audit of the non-consolidated financial
statements in Japan, and to communicate with them all relationships and other matters that may reasonably bethought to bear on our independence, and where applicable, related safeguards.
Interest Required to Be Disclosed by the Certified Public Accountants Act of Japan
Our firm and its designated engagement partners do not have any interest in the Company which is required tobe disclosed pursuant to the provisions of the Certified Public Accountants Act of Japan.

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Audit & Supervisory Committee’s Report

Audit Report
The Audit & Supervisory Committee has audited the Directors’ execution of duties for the ninth fiscal year
from April 1, 2022 to March 31, 2023. The following are the reports of the methods and results of the audit.
1.
The methods and contents of the audit
With respect to the contents of the resolution of the Board of Directors regarding the matters set forth in
Article 399-13, Paragraph 1, Item 1, (b) and (c) of the Companies Act, and the systems (Internal Control
Systems) developed based on such resolution, the Audit & Supervisory Committee received periodic reports
from Directors, employees and other relevant functions concerning the status of formation andimplementation of such systems, asked for explanations as necessary, expressed its opinions and conducted
the audit in the following manner.
1) In accordance with the audit policy and the allocation of duties and other terms defined by the Audit &Supervisory Committee, the Audit & Supervisory Committee, in coordination with the internal control
divisions of the Company, attended material meetings, received reports from the Directors, employees
and other relevant functions on matters related to their execution of duties, asked for explanations asnecessary, and investigated the status or condition of the business activities and assets by inspecting
important approval document and reports in the head office and other major offices.
In addition, with respect to subsidiaries, the Audit & Supervisory Committee communicated andexchanged information with directors and auditors of subsidiaries, and received reports on business fromsubsidiaries whenever necessary.
2) The Audit & Supervisory Committee monitored and verified that the Accounting Auditor maintained
independence and conducted appropriate audits, received reports from the Accounting Auditor on thestatus of their audit work, and asked for explanations as necessary. The Audit & Supervisory Committee
was also advised by the Accounting Auditor that they had the “system for ensuring that the performanceof the accounting auditors is being carried out correctly” (matters set forth in each item of Article 131 of
the Rules of Corporate Accounting)” in place in accordance with the “Quality Control Standards”(Business Accounting Council, October 28, 2005) and other relevant regulations and asked for
explanations as necessary.
Based on the above stated steps, the Audit & Supervisory Committee examined the business report and the
supplementary schedules, the non-consolidated financial statements (the balance sheet, the statement ofincome, the statement of changes in net assets and the notes to the financial statements) and the supplementaryschedules thereof, and the consolidated financial statements (the consolidated balance sheet, the consolidated
statement of income, the consolidated statement of changes in net assets and the notes to the consolidated
financial statements) for the fiscal year under review.
2.
Results of the audit(1)
Results of the audit of the business report and the supplementary schedules
1) The business report and the supplementary schedules present fairly the status of the Company’s businessconditions in conformity with the applicable laws and regulations and the Articles of Incorporation;2) There is no indication of significant wrongdoing or violation of laws and regulations and the Articles ofIncorporation in the Directors’ execution of duties; and
3) The contents of the resolution by the Board of Directors regarding the internal control system wereappropriate. Also there is no item to be noted on description in the business report and the Directors’
execution of duties regarding the internal control systems.
(2)
Audit Results on the Non-consolidated Financial Statements and the Supporting Schedules(3)
Results of the audit of the consolidated financial statements
The methods and results of audits conducted by Ernst & Young ShinNihon LLC, the Accounting Auditor of
the Company, are appropriate.
May 18, 2023
Audit & Supervisory Committee of Socionext Inc.
Audit & Supervisory Committee Member
Audit & Supervisory Committee Member
Full-time Audit & Supervisory Committee Member- 51 -

Sachiko Kasano (Seal)
Yasuyoshi Ichikawa (Seal)
Tsuyoshi Sakuma (Seal)Reference: Description of Key Terms Used in the Semiconductor Industry
Terminology
ADAS
IP

NRE Sales

OSAT
SCM

SoC
System architecture

ChipletTest board
Tapeout
Design methodology
Semiconductor
ecosystem
Packaging technology
Foundry
Reticle(Listed in alphabetical order)
Description
Abbreviation for advanced driving assistant system for automobiles.
Abbreviation for intellectual property.
It is circuit information that is organized in partial functional units to make up a
semiconductor, and is divided into procurement IP that is purchased from outside
and in-house IP that is developed in-house.
Abbreviation for non-recurring engineering sales.
It refers to the sales received from customers during the development stage
before mass production of a product. NRE sales correspond to design anddevelopment costs incurred during the development phase, such as labor costs,
IP, design tools, reticles, and prototype manufacturing, and are usually recorded
multiple times as development milestones progress.
Contract manufacturing services in the later stages of semiconductor
manufacturing (Out-sourced Semiconductor Assembly and Test).
Abbreviation for supply chain management. A method of business management
to achieve overall efficiency and optimization by comprehensively reviewing theflow of manufactured products from material procurement through design,
manufacturing, and distribution to the end user.
Abbreviation for system on chip.
The implementation of multiple functions needed to run a device or system on asingle semiconductor chip.
One of the design principles that maintain and guarantee the compatibility insidecomputers. A design concept involving semiconductors and the entire system inwhich they are mounted.
A semiconductor packaging technology that combines multiple semiconductor
chips like blocks and treats them like a single chip to realize more advanced
functions and performance without relying solely on the refinement of process
technology in the pre-process of semiconductor manufacturing.
Also called an evaluation board, it is a printed circuit board that contains
peripheral chips, circuits and terminals necessary for operation and is created andprovided for testing and evaluating products such as semiconductor chips.
The step of completing the semiconductor design process and moving to thereticle manufacturing process for transferring circuit information.
A set of semiconductor design methods, including tools for designing anddeveloping semiconductors.
A structure of business relationships between multiple semiconductor companies
that support the design, development and manufacture of semiconductors.
A technology used in the manufacturing process of semiconductors, called thepost-process, to protect semiconductor chips from the outside and to connect
them electrically.
A company that specializes in contract manufacturing of the pre-process ofsemiconductor manufacturing.
A glass substrate used in the semiconductor manufacturing process to transfer
designed circuit information to a silicon wafer through an exposure device- 52 -

Information on the venue of the Ninth Ordinary General Meeting of Shareholders
Venue“Fantasia” on the third floor of Shin Yokohama Prince Hotel
3-4 Shin-Yokohama, Kohoku-ku, Yokohama City, Kanagawa Prefecture
TEL 045-471-1111

Access*

JR Shin-Yokohama Station

2 minutes’ walk from North Exit on the Yokohama Line
2 minutes’ walk from East Exit or West Exit on the Tokaido
Shinkansen Line*
Leave the ticket gate and walk towards Yokohama Arena exit.
Yokohama Municipal Subway Line, Shin-Yokohama Station
2 minutes’ walk from Exit 3
Sotetsu, Tokyu Shin-Yokohama Line, Shin-Yokohama Station
2 minutes’ walk from Exit 6

We do not offer souvenirs at shareholders meetings. We would appreciate your understanding.

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