Note: This document has been translated from a part of the Japanese original for reference purposes only. In the event of any
discrepancy between this translated document and the Japanese original, the original shall prevail.

Securities Code: 9787
April 28, 2020
To our shareholders:Kazumasa Hamada, President
AEON DELIGHT CO., LTD.
2-3-2 Minamisemba, Chuo-ku, Osaka City, Osaka

Notice of the 47th Annual General Meeting of Shareholders
You are cordially invited to attend the 47th Annual General Meeting of Shareholders of AEON DELIGHT CO.,LTD. (the “Company”), which will be held as indicated below.
Attendees are kindly requested to present the enclosed voting form to the receptionist on the day of the meeting.
You may exercise your voting rights in writing or via a smartphone, the Internet, etc. Please review the attached
Reference Documents for General Meeting of Shareholders, and exercise your voting rights by 6:00 p.m. on
Wednesday, May 13, 2020 (JST).
1. Date and Time: Thursday, May 14, 2020, at 10:00 a.m. (JST)
2. Venue:
The banquet room “Tsuru,” Hotel Nikko Osaka (5th floor)
1-3-3 Nishi-Shinsaibashi, Chuo-ku, Osaka City, Osaka
Please note that the venue is different from last time.
There will be no gifts provided for the shareholders who attend this meeting.
3. Purpose of the Meeting
Matters to be reported:
1. The Business Report and the Consolidated Financial Statements for the 47th fiscal year (from March 1,
2019 to February 29, 2020), and the results of audits of the Consolidated Financial Statements by the
Financial Auditors and the Board of Auditors
2. The Non-consolidated Financial Statements for the 47th fiscal year (from March 1, 2019 to February 29,
2020)
Matter to be resolved:
Proposal No. 1
Partial Amendments to the Articles of Incorporation
Proposal No. 2
Election of Six Directors
Proposal No. 3
Election of Two Auditors

If there are any amendments to Reference Documents for General Meeting of Shareholders, Business Report, Non-consolidated
Financial Statements or Consolidated Financial Statements, such amendments will be announced on the Company’s website(https://www.aeondelight.co.jp/).

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Reference Documents for General Meeting of Shareholders
Proposals and Reference Information
Proposal No. 1

Partial Amendments to the Articles of Incorporation

1. Reasons for Proposal
The Company proposes to make necessary amendments to its current Articles of Incorporation for thefollowing reasons.
(1) In line with the enforcement of the Act for Partial Revision of the Act for Securing the Proper Operationof Worker Dispatching Undertakings and Protecting Dispatched Workers and Other Acts, which
eliminates the system of general worker dispatching undertakings and specified worker dispatchingundertakings, the Company shall amend the article text.
(2) Although the Company provides services to healthcare facilities, in order to meet our customers’ requests
and expand our services, the Company shall add “Maintenance, inspection and repair of medical
equipment” to the purpose of the business and revise the text and paragraph numbering accordingly.
2. Details of the Amendments
Details of the amendments are as follows:(Amendments are underlined.)
Proposed Amendments

Current Articles of Incorporation(Purpose)
Article 2.
The purpose of the Company shall be to engage in thefollowing business activities:(1) - (24)(Omitted)(25) General worker dispatching undertakings, specified
worker dispatching undertakings and other worker
dispatching undertakings, fee-based employment
placement services, information processing services,
information provision services for real estate information,
economic information, etc., software services, automobile
maintenance services, cleaning services, linen supply
services, including sales and rentals, and hotel services(26) - (49)
(Omitted)(Newly established)(50) - (64)(Omitted)(65) Guidance regarding the product lineup for franchisees
stipulated in paragraph 63 and supply route intermediaryfor the necessary products, and provision of the necessary
work-related materials(66) - (76)
(Omitted)(Purpose)
Article 2.
The purpose of the Company shall be to engage in thefollowing business activities:(1) - (24)(Unchanged)(25) Worker dispatching undertakings, fee-based employment
placement services, information processing services,
information provision services for real estate information,
economic information, etc., software services, automobile
maintenance services, cleaning services, linen supply
services, including sales and rentals, and hotel services(26) - (49)
(Unchanged)(50) Maintenance, inspection and repair of medical equipment(Hereinafter, the paragraphs were renumbered.)(51) - (65)
(Unchanged)(66) Guidance regarding the product lineup for franchisees
stipulated in paragraph 64 and supply route intermediaryfor the necessary products, and provision of the necessary
work-related materials(67) - (77)
(Unchanged)-2-

Proposal No. 2

Election of Six Directors

At the conclusion of this meeting, the terms of office of all six Directors will expire.
Therefore, the Company proposes the election of six Directors.
In addition, all candidates for outside Director satisfy the requirements of an independent officer under theprovisions of the Tokyo Stock Exchange. Furthermore, the Company stipulates the following items as conditions ofeligibility for Director. All candidates for Director fulfill these conditions.
[Election criteria for inside Director candidates]
1. The candidate shall have the personality and insight appropriate for being a Director.
2. The candidate shall have sufficient experience and knowledge in the Company’s business as well as in thebusiness of its affiliates and outstanding ability for business judgment and execution.
3. The candidate shall be able to take responsibility for the basic policy, strategic planning, and businessexecution of the Company and its group companies (the “Group”), and fulfill accountability for the Board of
Directors.
[Election criteria for outside Director candidates]
1. The candidate shall subscribe to the Company’s management principles, code of conduct, etc.
2. The candidate shall have extensive experience as a chief executive officer or other corporate executive, or shallhave comparable experience, knowledge and insight.
3. The candidate shall be able to make judgments independently of the Company’s management.
4. The candidate shall be able to participate in most of the Company’s Board of Directors’ meetings.
* In relation to candidates for outside Director, in addition to the above items, the Company appoints the person who shall fulfill the
independence criteria mentioned below.

[Criteria for determining independence of outside Director candidates]
The Company’s outside Director shall satisfy the conditions stated below to maintain his or her independence.
1. The candidate does not presently serve, or has not served for the past ten years as director, executive officer or
employee (hereafter referred to as “Executing Person”) of the Company or its subsidiaries.
2. The subject person is someone to which the conditions stated below are not presently applicable, or have notbeen applicable for the past three years:(1) Major shareholder of the Company (those who directly or indirectly hold 10% or more of voting rights), or
its Executing Person(2) Partner of the Financial Auditors of the Company or employee who conducts the Company’s audit-3-

The candidates for Director are as follows:
Candidate
No.

Name(Date of birth)

Career summary, position, and responsibility in the Company,
and significant concurrent positions outside the Company
Mar. 1987
Nov. 2006

Mar. 2007
Sept. 2008
Mar. 2011
Mar. 2013
Feb. 2015
Kazumasa Hamada(December 30, 1964)
1

Reelection

Feb. 2015
Mar. 2017
Mar. 2018
May 2018
Dec. 2018
July 2019
Dec. 2019

Apr. 2020

Joined JUSCO Co., Ltd. (currently Aeon Co.,Ltd.)
Head of Management Planning Department ofPosful Corporation (currently AEON Hokkaido
Corporation)
Executive Officer
General Manager of Control Division of AEON
Retail Co., Ltd.
Executive Officer
Director and Control and Accounting Officer ofAeon Co., Ltd.
Regional Office Manager of Kitakanto andNiigata Company of AEON Retail Co., Ltd.
Director and Senior Managing Executive
Officer
Senior Managing Executive Officer
Temporarily transferred to the Company(Advisor)
President and CEO
President Commissioner of PT Sinar Jernih
Sarana (current position)
President and CEO, and Group CEO of theCompany
President and CEO, Group CEO and General
Manager of Financial and Accounting Division(CFO)
President and CEO, and Group CEO (current
position)

Number of theCompany’s shares
owned

1,000 shares

Conflicts of interest
There is no conflict of interest between Kazumasa Hamada and the Company.
Kazumasa Hamada was an Executing Person at Aeon Co., Ltd., the Company’s parent company, and AEON Retail Co.,
Ltd., its subsidiary, in the past five years. The positions and responsibilities are presented in his career summary.

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No.

Name
(Date of birth)

Career summary, position, and responsibility in the Company,
and significant concurrent positions outside the Company
Mar. 1979
Mar. 2005
Mar. 2009
May 2011
May 2015

Nobuo Yamazato(February 2, 1956)
2

Reelection

May 2016
May 2017

May 2018
May 2019
July 2019

Mar. 2020

3

Joined JUSCO Co., Ltd. (currently Aeon Co.,Ltd.)
Temporarily transferred to Mycal Corp.
Temporarily transferred to the Company
Director and Manager of Nishi Kinki Regional
OfficeIn charge of overseeing East Japan Regional
Office Operations
Director and Managing Director
Director and Senior Managing Director in
charge of overseeing Regional Offices and East
Japan Regional Offices Operations
Director and Executive Vice President in chargeof overseeing Regional Offices and businessDirector and Executive Vice President in chargeof overseeing Regional Offices
Director and Executive Vice President in chargeof overseeing Regional Offices, and COO of
Japan Group BusinessDirector and Executive Vice President in chargeof overseeing Regional Offices (current
position)

Number of theCompany’s shares
owned

2,600 shares

Conflicts of interest
There is no conflict of interest between Nobuo Yamazato and the Company.
Mar. 1978
Joined JUSCO Co., Ltd. (currently Aeon Co.,Ltd.)
May 2003
Manager of Corporate Branding Department
Mar. 2005
Manager of Strategy Department
May 2007
Representative Director and President of AEON
Eaheart Co., LTD.
Mar. 2011
Director and CEO of China Business of Aeon
Co., Ltd.
Mar. 2014
Director and CEO of Group Administration in
charge of Risk Management
Haruyoshi Tsuji
May 2014
Auditor of the Company(April 29, 1955)
0 sharesFeb. 2015
Director and Senior Managing Executive
Officer, Regional Office Manager of Tokai andNew election
Nagano Company of AEON Retail Co., Ltd.
Mar. 2017
Senior Managing Executive Officer andRegional Office Manager of Tokai and Nagano
Company
Mar. 2018
Senior Managing Executive Officer andRegional Office Manager of Tokai Company
May 2018
Representative Director and President of AEONPET CO., LTD. (current position)
Mar. 2020
Chief Officer of Services & Specialty StoreBusiness of Aeon Co., Ltd. (current position)
Conflicts of interest
There is no conflict of interest between Haruyoshi Tsuji and the Company.
Haruyoshi Tsuji is presently and was an Executing Person at Aeon Co., Ltd., the Company’s parent company, AEON
Retail Co., Ltd. and AEON PET Co., LTD., its subsidiaries, in the past five years. The positions and responsibilities arepresented in his career summary.

-5-Candidate
No.

Name
(Date of birth)

Career summary, position, and responsibility in the Company,
and significant concurrent positions outside the Company
Apr. 1967
June 1993

4

Number of theCompany’s shares
ownedJoined Mitsui O.S.K. Lines, Ltd.
Manager of Office of Secretary and Planning
Department
Feb. 1994
Manager of North America Department
June 1996
Director and General Manager of Liner
Department
Hiroyuki Sato
June 1998
Managing Director(January 9, 1944)
June 1999
Senior Managing Director and Senior
Managing Officer
4,300 shares
Reelection
June 2003
Deputy President and Deputy President
Candidate for outside Director
Executive Officer
Candidate for independent
June 2006
President of DAIBIRU CORPORATION
officerJune 2011
Adviser
May 2014
Director of the Company (current position)
Jan. 2016
Auditor of Hakuseisha CO., LTD. (current
position)
June 2018
President of Nagoya-Yokkaichi International
Port Corporation (current position)
Reasons for selection as candidate for outside Director
Hiroyuki Sato has a wealth of experience as a company executive and broad knowledge. The Company proposes hiselection as outside Director to utilize his sense of balance as a company executive and gain his guidance in improving
our corporate governance.
Conflicts of interest
There is no conflict of interest between Hiroyuki Sato and the Company.
Note: The Company has entered into an agreement with Hiroyuki Sato regarding liabilities under Article 423,
paragraph 1 of the Companies Act, to limit his liability for damages to the minimum liability amount stipulated
by laws and regulations, if he has acted in good faith and without gross negligence in performing his duties as
an outside Director. If his reelection is approved, the Company plans to renew this agreement with him. He iscurrently an outside Director of the Company, and at the conclusion of this meeting, his tenure will have been
six years.

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No.

Name
(Date of birth)

Career summary, position, and responsibility in the Company,
and significant concurrent positions outside the Company
Apr. 1978

5

Number of theCompany’s shares
ownedJoined Matsushita Electric Industrial Co., Ltd.
(currently Panasonic Corporation)
Apr. 2003
Chief of PDP TV Business Unit, Imaging
Business Group of Panasonic AVC Network
Company
Apr. 2006
Director of Matsushita Electric Industrial Co.,Ltd.
Senior Vice President, Chief of PDP TV
Business Unit, Visual Products and Display
Devices Business Group of Panasonic AVC
Masaaki Fujita
Network Company(September 6, 1952)
June 2009
Director of Corporate Quality Administration
Division in charge of Corporate FF Customer
3,200 shares
Reelection
Support & Management Division
Candidate for outside Director
Candidate for independentMar. 2010
In charge of Global Procurement and Director
officerof Corporate Procurement Division; in chargeof Global Logistics and Director of Corporate
Global Logistics Division; in charge of Trading
Company
Apr. 2011
Managing Executive Officer
Apr. 2014
Specially Appointed Professor of the IndustryUniversity Cooperative Center of Advanced
Education, Research Organization for the 21stCentury of Osaka Prefecture University
May 2015
Director of the Company (current position)
Reasons for selection as candidate for outside Director
The Company proposes the election of Masaaki Fujita as outside Director to gain his accurate advice to the Company’s
Management of Technology based on his wealth of experience in quality and production control and to gain his
guidance in improving the Company’s management and corporate governance based on his managerial knowledge incrossing different kinds of business, the development of global business, and management as well as his personablehuman resource development.
Conflicts of interest
There is no conflict of interest between Masaaki Fujita and the Company.
Note: The Company has entered into an agreement with Masaaki Fujita regarding liabilities under Article 423,
paragraph 1 of the Companies Act, to limit his liability for damages to the minimum liability amount stipulated
by laws and regulations, if he has acted in good faith and without gross negligence in performing his duties as
an outside Director. If his reelection is approved, the Company plans to renew this agreement with him. He iscurrently an outside Director of the Company, and at the conclusion of this meeting, his tenure will have been
five years.

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Candidate
No.

Name
(Date of birth)

Career summary, position, and responsibility in the Company,
and significant concurrent positions outside the Company
Apr. 1974

6

Number of theCompany’s shares
ownedJoined the Ministry of Transport (General
Affairs Division of Civil Aviation Bureau)
Apr. 1983
Seconded to Geneva Office of Japan National
Tourism Organization (JNTO)
May 1988
First Secretary of Permanent Delegation ofJapan to the Organisation for Economic
Cooperation and Development (OECD)
Jan. 1991
Deputy Assistant Vice-Minister
July 2001
Deputy Director-General (Maritime Bureau &Ports and Harbours Bureau) of Minister’s
Secretariat of Ministry of Land, Infrastructure,
Transport and Tourism
Apr. 2003
Senior Vice President (Logistics & International
Division) of Japan Post
Yoshiaki Hompo
July 2007
Deputy Vice-Minister for Tourism Policy,(April 20, 1949)
Minister’s Secretariat of Ministry of Land,
Infrastructure, Transport and Tourism
800 shares
Reelection
Oct. 2008
Commissioner of Japan Tourism Agency
Candidate for outside Director
Apr. 2010
Professor of Tokyo Metropolitan University
Candidate for independent
Jan. 2014
Special Adviser of Japan Tourism Agency
officer(current position)
Nov. 2014
Adjunct Professor of Tokyo Institute ofTechnology
Apr. 2015
Research Professor of Tokyo Metropolitan
University
June 2015
Outside Director of THE KEIHIN CO., LTD.
(current position)
June 2016
Chief of UNWTO Regional Support Office for
Asia and the Pacific (current position)
Apr. 2017
Visiting Professor of Tokyo Institute ofTechnology (current position)
May 2017
Director of the Company (current position)
Apr. 2018
Visiting Professor at Tokyo Metropolitan
University (current position)
Reasons for selection as candidate for outside Director
Yoshiaki Hompo has an extensive career and broad insight as the first Commissioner of Japan Tourism Agency and
Senior Vice President of Japan Post in addition to overseas experience and administrative experience related to the
Ministry of Transport. Also, he has experience in the area of human resource development as an adjunct and researchprofessor. The Company judges he will contribute to the management of the Company, and proposes his election as
outside Director.
Conflicts of interest
There is no conflict of interest between Yoshiaki Hompo and the Company.
Note: The Company has entered into an agreement with Yoshiaki Hompo regarding liabilities under Article 423,
paragraph 1 of the Companies Act, to limit his liability for damages to the minimum liability amount stipulated
by laws and regulations, if he has acted in good faith and without gross negligence in performing his duties as
an outside Director. If his reelection is approved, the Company plans to renew this agreement with him. He iscurrently an outside Director of the Company, and at the conclusion of this meeting, his tenure will have been
three years.

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Proposal No. 3

Election of Two Auditors

Auditors Hidenobu Morihashi and Koji Tsusue will resign at the conclusion of this meeting. Therefore, theCompany proposes the election of two Auditors as their substitutes.
As provided for under Article 28, paragraph 2 of the Company’s Articles of Incorporation, the terms of office of the
new Auditors will be until the expiration date of the resigning Auditors’ terms of office. The candidate for Auditor
Hiroshi Mitsui is the successor of Hidenobu Morihashi and his term of office shall be until the conclusion of the
48th Annual General Meeting of Shareholders. The candidate for Auditor Masato Nishimatsu is the successor of
Koji Tsusue and his term of office shall be until the conclusion of the 49th Annual General Meeting of
Shareholders.
In addition, the consent of the Board of Auditors has been obtained for this proposal.
The candidates for Auditor are as follows:
Candidate
No.

Name(Date of birth)

Career summary, position in the Company, and significant
concurrent positions outside the Company
Mar. 1981

1

Number of theCompany’s shares
ownedJoined JUSCO Co., Ltd. (currently Aeon Co.,Ltd.)
May 2005
Director of Food Supply JUSCO Co., Ltd.
(currently AEON FOOD SUPPLY Co., Ltd.)
Feb. 2011
Manager of Human Resource Education
Hiroshi Mitsui
Department of Tokai Company of AEON Retail(July 27, 1956)
Co., Ltd.
0 shares
Apr. 2012
Director and General Manager of Personnel andNew election
General Affairs Division of G Foot Co., Ltd.
Candidate for outside Auditor
May 2014
Managing Director in charge of Administration
Sept. 2017Managing Director in charge of General
Planning and Administration
May 2018
Managing Director in charge of Administration(current position)
Reasons for selection as candidate for outside Auditor
Hiroshi Mitsui has served as a Director of G Foot Co., Ltd. and has experience as a company executive and broad
knowledge. The Company proposes his election as outside Auditor to utilize his sense of balance as a company
executive and abundant knowledge and gain his guidance in improving our corporate governance.
Conflicts of interest
There is no conflict of interest between Hiroshi Mitsui and the Company.
Hiroshi Mitsui is currently and was in the past five years serving as an Executing Person at G Foot Co., Ltd., asubsidiary of the Company’s parent company. The positions and responsibilities are presented in his career summary.
Note: The Company plans to enter into an agreement with Hiroshi Mitsui regarding liabilities under Article 423,
paragraph 1 of the Companies Act, to limit his liability for damages to the minimum liability amount stipulated
by laws and regulations, if he has acted in good faith and without gross negligence in performing his duties as
an outside Auditor. He is scheduled to resign as Director of G Foot Co., Ltd. prior to the date the Company’s
Annual General Meeting of Shareholders is held.

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Candidate
No.

Name
(Date of birth)

Career summary, position in the Company, and significant
concurrent positions outside the Company
Mar. 1978
May 2000
Dec. 2001
May 2003
Oct. 2003
Mar. 2007
May 2007
Aug. 2008

Masato Nishimatsu(January 19, 1955)
New election
2

Apr. 2009
Oct. 2012

Mar. 2013
Feb. 2015
Feb. 2015

Mar. 2016
Mar. 2017

Joined JUSCO Co., Ltd. (currently Aeon Co.,Ltd.)
Director
Trustee Representative of Mycal Corp.
(currently AEON Retail Co., Ltd.)
Auditor of the Company
Managing Director of Mycal Corp. (currently
AEON Retail Co., Ltd.)In charge of Group Finance of Aeon Co., Ltd.
Managing Officer
Director and Group Accounting and AffiliatedCompanies Officer
Control and Accounting Officer
Director and Senior Managing Executive
Officer in charge of Finance and Control of
AEON Retail Co., Ltd.
Director and Senior Managing Executive
Officer in charge of Business Management
Director and Senior Managing Executive
Officer of The Daiei, Inc.
In charge of overseeing Finance andManagement Planning and Chairman of
Investment Committee
Director in charge of Business Management ofAeon Co., Ltd.
Representative Director, Executive Officer andVice President in charge of Administration of
AEON Retail Co., Ltd.
Advisor of Aeon Co., Ltd. (current position)

Number of theCompany’s shares
owned

0 shares

Mar. 2020
Conflicts of interest
There is no conflict of interest between Masato Nishimatsu and the Company.
Masato Nishimatsu was an Executing Person at Aeon Co., Ltd., the Company’s parent company, AEON Retail Co.,
Ltd., its subsidiary, and The Daiei, Inc., in the past five years. The positions and responsibilities are presented in his
career summary.

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