Translation: Please note that the following purports to be an accurately translated excerpt of theoriginal Japanese version prepared for the convenience of investors outside Japan. However, inthe case of any discrepancy between the translation and the Japanese original, the latter shallprevail.
Stock Exchange Code: 3105
June 28, 2018

Dear Shareholders:Nisshinbo Holdings Inc.
2-31-11, Ningyo-cho, Nihonbashi, Chuo-ku, Tokyo

Masaya Kawata
President and Representative Director

Notice of Resolutions ofThe 175th Ordinary General Meeting of Shareholders
We are pleased to inform you that matters noted below were reported and resolved at the175th Ordinary General Meeting of Shareholders of Nisshinbo Holdings Inc. (“theCompany”) held today.
PARTICULARSMatters Reported:
1.

Report on the Business Report, the Consolidated Financial Statements for the 175th Fiscal
Year (from April 1, 2017 to March 31, 2018) and the Results on the Audits of Consolidated
Financial Statements by the Accounting Auditor and the Audit & Supervisory Board.
2. Report on the Non-Consolidated Financial Statements for the 175th Fiscal Year (April 1,2017 to March 31, 2018).
The contents of the above-mentioned documents were reported.

Matters Resolved:

First Item of Business:

Partial Amendment to the Articles of Incorporation
This proposal was approved and adopted as originallyproposed. Previously, the Company had stipulated the fiscal
year to be started from April 1 of each year and ended on
March 31 of the following year. By unifying the accounting
period within the Nisshinbo Group (the “Group”), theCompany aims to improve the efficiency of global business
management and the transparency of the management
through the timely and precise disclosure of the management
information. As such, the Company’s fiscal year wasamended to the year starting from January 1 of each year andending on December 31, and Article 11, 12, 35 and 37 of theprevious Articles of Incorporation was amended to that effect.
Also, since the duration of 176th fiscal year shall become 9months starting from April 1 and ending on December 31
upon amendments to the fiscal year, supplementaryprovisions as transitional measures was established. Pleaserefer to “Notice of Amendment to the Article ofIncorporation” below for the description of the amendment.

1Second Item of Business:

Election of Ten (10) Directors

This proposal was approved and adopted as originallyproposed. Ten (10) members, namely, Mr. Masaya Kawata,
Mr. Masahiro Murakami, Mr. Kenji Ara, Mr. Ryo Ogura, Mr.
Takayoshi Okugawa, Mr. Koji Nishihara, Mr. Tomofumi
Akiyama, Mr. Noboru Matsuda, Mr. Yoshinori Shimizu andMs. Shinobu Fujino were elected and all assumed the offices
as Directors.
Mr. Tomofumi Akiyama, Mr. Noboru Matsuda, Mr. Yoshinori
Shimizu and Ms. Shinobu Fujino are all Outside Directors.
Third Item of Business:

Election of One (1) Substitute Audit & Supervisory BoardMember
This proposal was approved and adopted as originallyproposed. Mr. Atsushi Yamashita was elected as Substitute
Audit & Supervisory Board Member.

Fourth Item of Business:

Determination of Remuneration for Directors (excludingOutside Director) in the form of assignment of restricted
sharesThis proposal was approved and adopted as originallyproposed. The Directors (excluding Outside Directors)
should share furthermore with shareholders merits and risks
associated with fluctuation of the market price of theCompany’s shares so that to further enhance motivation ofDirectors (excluding Outside Directors) contributing to theenhancement of share price and the corporate value of theCompany more seriously than the previous level, it was
decided to assignto Directors (excluding OutsideDirectors) common shares with restricted transferable period
and subject to acquisition of the restricted shares, free ofcharge, by the Company . The assignment of restricted sharesshall be not more than 40 million yen per year, and themaximum total number of restricted shares assigned toDirectors (excluding Outside Directors) during each businessyear shall be 50,000.

End2

At the meeting of the Board of Directors after the close of this General Meeting,
Representative Directors and Directors with Specific Titles were appointed, andrespectively all assumed their offices.
Accordingly, the current compositions of Directors, Audit & Supervisory Board
Members and Managing Officers are as follows:
Representative Director:
President

Masaya Kawata

Representative Director:
Vice President

Masahiro Murakami

Director:
Senior Executive Managing Officer

Kenji Ara

Director:
Executive Managing Officer

Ryo OguraDirector:
Executive Managing Officer

Takayoshi Okugawa

Director:
Executive Managing Officer

Koji Nishihara

Director:

Tomofumi Akiyama

Director:

Noboru Matsuda

Director:

Yoshinori Shimizu

Director:

Shinobu Fujino

Standing Audit &Supervisory Board Member:

Yoichi Fujiwara

Standing Audit &Supervisory Board Member:

Takumi Ohmoto

Audit & Supervisory Board Member: Yo Kawakami
Audit & Supervisory Board Member: Shiro Manabe
Executive Managing Officer:

Toshihiro Kijima

Executive Managing Officer:

Kazunori Baba

Managing Officer:

Akihiro Ishizaka

Managing Officer:

Makoto Sugiyama

Managing Officer:

Yasuji Ishii

Managing Officer:

Toshihiro Masuda

Managing Officer:

Shuji Tsukatani

Managing Officer:

Akihiro Kamei
3

(Notes) 1. Directors, Mr. Tomofumi Akiyama, Mr. Noboru Matsuda, Mr. YoshinoriShimizu and Ms. Shinobu Fujino, are all Outside Directors.
2. Audit & Supervisory Board Members, both Mr. Yo Kawakami andMr. Shiro Manabe, are Outside Audit & Supervisory Board Members.

End4

Notice of Partial Amendment of Articles of Incorporation
Description of the amendments is as follows:(Amended parts are underlined)

Current

Proposed amendment(Record Date)
Article 11
The Company shall fix the record date to be
March 31 of each year.
2 (Omitted)(Record Date)
Article 11
The Company shall fix the record date to be
December 31 of each year.
2 (As is )(Convening of General Meetings)
Article 12
The ordinary General Meeting of Shareholder of
the Company shall be convened on June of eachyear.
2 (Omitted)(Convening of General Meetings)
Article 12
The ordinary General Meeting of Shareholderof the Company shall be convened on March ofeach year.
2 (As is)(Fiscal Year)
Article 35
The fiscal year of the Company shall being onApril 1 of each year and end on March 31 of thefollowing year.

(Fiscal Year)
Article 35
The fiscal year of the Company shall being on
January 1 of each year and end on December 31.

(Record Date of surplus dividends)
Article 37The record date for year-end dividends of theCompany shall be March 31 of each year.
2 The record date for interim dividends of theCompany shall be September 30 of each year.
3 (Omitted)(Record Date of surplus dividends)
Article 37
The record date for year-end dividends of theCompany shall be December 31 of each year.
2 The record date for interim dividends of theCompany shall be June 30 of each year.
3 (As is )[Newly Established]

SUPPLEMENTARY PROVISIONS(Terms of 176th Fiscal Year)
Article 1
Notwithstanding Article 35, the duration of176th fiscal year shall be 9 months starting fromApril 1 and ending on December 31.
(Record Date of Interim Dividends for 176th
Fiscal Year)
Article 2
Notwithstanding Article 37.2, the record date ofinterim dividends for 176th fiscal year shall be
September 30, 2018.
(Effective Terms of Supplementary Provisions)
Article 3
Preceding two Articles and this Article shall beeffective until December 31, 2018 and shall be
removed upon passing of the same date.

End5