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
May 2, 2018
To our shareholders:Ippei Nakayama, President
AEON DELIGHT CO., LTD.
2-3-2 Minamisemba, Chuo-ku, Osaka City, Osaka

Notice of the 45th Annual General Meeting of Shareholders
You are cordially invited to attend the 45th 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. If
you are unable to attend the Meeting in person, you may exercise your voting rights in writing or via the Internet.
Please review the attached Reference Documents for General Meeting of Shareholders, and exercise your voting
rights by 6:00 p.m. on Thursday, May 17, 2018 (JST).
1. Date and Time: Friday, May 18, 2018, 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
3. Purpose of the Meeting
Matters to be reported:
1. The Business Report and the Consolidated Financial Statements for the 45th fiscal year (from March 1,
2017 to February 28, 2018), 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 45th fiscal year (from March 1, 2017 to February 28,
2018)
Matters to be resolved:
Proposal No. 1
Election of 11 Directors
Proposal No. 2
Election of One Auditor-

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(http://www.aeondelight.co.jp/).

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

Election of 11 Directors

At the conclusion of this meeting, the terms of office of all 13 Directors will expire. Therefore, the Company
proposes the election of 11 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 conduct the Company’s audit-2-

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
Apr. 1977
Feb. 1997

Joined JUSCO Co., Ltd.
Manager of Human Resource Education
Department, Chubu Company
Director of AEON Techno Service Co., Ltd.
Managing Director
Director of the Company
Managing Director and General Manager of
Personnel and General Affairs Division
In charge of business management
Senior Managing Director
In charge of overseeing businessDirector and Executive Vice President
In charge of overseeing overseas business andbusiness at the company group
President and Executive Director
President
President and CEO (current position)
Executive Officer of Aeon Co., Ltd. in chargeof Services and Specialty Store Business(current position)

5,800 shares

Conflicts of interest
There is no conflict of interest between Ippei Nakayama and the Company.
Mar. 1987
Joined JUSCO Co., Ltd.
Nov. 2006
Head of Management Planning Department ofPosful Corporation (currently AEON Hokkaido
Corporation)
Mar. 2007
Executive Officer
Sept. 2008
General Manager of Control Division of AEON
Retail Co., Ltd.
Dec. 2008
General Manager of Strategy Planning Division
Kazumasa Hamada
Feb. 2011
President of Hokuriku, Shinetsu Regional(December 30, 1964)
Company
Mar. 2011
Executive Officer
New election
Mar. 2013
Director and Control and Accounting Officer ofAeon Co., Ltd.
Feb. 2015
Regional Office Manager of Kitakanto andNiigata Company of AEON Retail Co., Ltd.
Feb. 2015
Director and Senior Managing Officer
Mar. 2017
Senior Managing Executive Officer
Mar. 2018
Temporarily transferred to the Company(Advisor) (current position)
Conflicts of interest
There is no conflict of interest between Kazumasa Hamada and the Company.

0 shares

May 2002
May 2006
May 2006
Sept. 2006
Ippei Nakayama(September 22, 1954)
1

Reelection

May 2009
May 2010
May 2011
May 2012
May 2012
Mar. 2013
May 2014
May 2016
Mar. 20172

Number of theCompany’s shares
owned

-3-

Candidate
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
Sept. 2009
May 2011

Joined JUSCO Co., Ltd.
Temporarily transferred to Mycal Corp.
Temporarily transferred to the Company
Manager of Chushikoku Regional OfficeDirector and Manager of Nishi Kinki Regional
OfficeIn charge of overseeing West Japan Regional
Office operations
Managing Officer
Director
In charge of overseeing East Japan Regional
Office operations
Director and Managing Director
Director and Senior Managing Director (current
position)
Regional Offices and East Japan Regional
Offices Operations (current position)

2,300 shares

Conflicts of interest
There is no conflict of interest between Nobuo Yamazato and the Company.
Apr. 1977
Joined JUSCO Co., Ltd.
Feb. 2002
Manager of Hanwa Business Department ofAeon Co., Ltd.
Apr. 2008
Manager of CO2 Emissions Reduction
Department of the Company
Mar. 2009
General Manager of AEON Delight Group
Sales Division
May 2010
Director
Tajiro Yashi
Mar. 2011
Manager of Minamikanto Regional Office(May 1, 1953)
Mar. 2012
In charge of overseeing East Japan Regional
OfficeReelection
May 2012
Director and Managing Officer
Mar. 2013
Director and Senior Managing Officer
Mar. 2013
In charge of overseeing business at the Group
Mar. 2014
In charge of overseeing materials and vending
machines business (current position)
May 2014
Managing Director
May 2016
Director and Senior Managing Director (current
position)
Conflicts of interest
There is no conflict of interest between Tajiro Yashi and the Company.

2,800 shares

Nobuo Yamazato(February 2, 1956)
3

Reelection

Mar. 2012
May 2012
May 2014
May 2015
May 2016
May 2017
May 2017

4

Number of theCompany’s shares
owned

-4-

Candidate
No.

Name
(Date of birth)

Career summary, position, and responsibility in the Company,
and significant concurrent positions outside the Company
Apr. 1985

Joined The Dai-Ichi Kangyo Bank, Ltd.
(currently Mizuho Bank, Ltd.)
Associate Director of International Planning
Department of Mizuho Corporate Bank, Ltd.
(currently Mizuho Bank, Ltd.)
Deputy General Manager of U.S. Operation and
Administration Department
General Manager of Banking Department III
Deputy General Manager of Finance Divisionof the Company
General Manager of Finance Division
General Manager of Finance Division and
Deputy Manager of Kansai Regional OfficeDirector
In charge of assisting overseeing business
management and General Manager of Finance
Division
Director and Managing Director (current
position)
In charge of overseeing business management
and compliance and General Manager ofFinance Division (current position)

3,700 shares

Conflicts of interest
There is no conflict of interest between Yukio Furukawa and the Company.
Mar. 1978
Joined JUSCO Co., Ltd.
Dec. 1990
General Manager of Sales Division of SIAMJUSCO CO., LTD. (currently AEON (Thailand)CO., LTD.)
Aug. 2009
Temporarily transferred to AEON Integrated
Business Service Co., Ltd.
Mar. 2013
Temporarily transferred to the Company (incharge of BPO business)
Hiroki Sadaoka
Mar. 2013
Chairman of AEON DELIGHT (Hangzhou)(June 1, 1953)
Services Outsourcing Co., Ltd.
May 2013
Executive Officer of the Company
Reelection
May 2013
In charge of overseeing IT businessMar. 2014
President of FMS Solution Co., Ltd.
May 2014
Director of the Company
May 2014
In charge of overseeing IT business andGeneral Manager of the IT Solution Division(current position)
May 2016
Director and Managing Director (current
position)
Conflicts of interest
There is no conflict of interest between Hiroki Sadaoka and the Company.

1,000 shares

Apr. 2002

Nov. 2004
Apr. 2010
June 2012
Yukio Furukawa(July 12, 1961)
5

Jan. 2013
Mar. 2014

Reelection
May 2015
May 2015

May 2016
May 2016

6

Number of theCompany’s shares
owned

-5-

Candidate
No.

Name
(Date of birth)

Career summary, position, and responsibility in the Company,
and significant concurrent positions outside the Company
Apr. 1996
Sept. 2006
May 2008
Jan. 2009

Joined the Company
Manager of Strategy Department
Manager of Steering Committee
Manager of International Department andManager of Steering Committee
Chairman of AEON DELIGHT (CHINA) CO.,LTD. (current position)
General Manager of International Departmentof the Company
In charge of China business
Executive Officer in charge of China businessDirector and Executive Officer (current
position)
In charge of overseas business and China
business
Chairman of AEON DELIGHT (Shanghai)Enterprise Management Co., Ltd. (current
position)
In charge of overseas business of the Company(current position)

900 shares

Conflicts of interest
There is no conflict of interest between Motoyuki Shikata and the Company.
Apr. 1980
Joined the Company
Sept. 2006
Manager of Sales Department IV, SalesManagement Department I, Sales Division
June 2008
Manager of Sales Department III, Sales
Division
May 2010
Manager of Office for Promoting
Comprehensive FMS
Hideyuki Mito
(July 19, 1961)
Mar. 2011
General Manager of Sales Promotion Division
May 2012
Executive Officer and Manager ofNew election
Minamikanto Regional Office
May 2015
In charge of overseeing West Japan Regional
Office operations
May 2016
Executive Officer in charge of overseeing WestJapan Regional Office operations
May 2017
Managing Officer in charge of operations(current position)
Conflicts of interest
There is no conflict of interest between Hideyuki Mito and the Company.

1,300 shares

May 2009
Sept. 2010
Motoyuki Shikata(November 20, 1973)
7

Reelection

Sept. 2011
May 2012
May 2016
May 2016
Mar. 2017

May 2017

8

Number of theCompany’s shares
owned

-6-

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

9

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
Hiroyuki Sato
Department(January 9, 1944)
June 1998
Managing Director
June 1999
Senior Managing Director and Senior
2,000 shares
Reelection
Managing Officer
Candidate for outside Director
June 2003
Deputy President and Deputy President
Candidate for independent
Executive Officer
officerJune 2006
President of DAIBIRU CORPORATION
June 2011
Adviser
May 2014
Director of the Company (current position)
Jan. 2016
Auditor of Hakuseisha CO., LTD. (current
position)
Reasons for selection as candidates 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 beenfour 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. 1978

10

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 of PDP TV Business
Unit, Visual Products and Display Devices
Business Group of Panasonic AVC Networks
Company
June 2009
Director of Corporate Quality Administration
Masaaki Fujita
Division in charge of Corporate FF Customer(September 6, 1952)
Support & Management Division
1,700 shares
Reelection
Mar. 2010
In charge of Global Procurement and Director
Candidate for outside Directorof Corporate Procurement Division; in charge
Candidate for independentof Global Logistics and Director of Corporate
officer
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)
Apr. 2017
Specially Appointed Professor of Center ofAdvanced Education, Faculty of Liberal Arts
and Sciences of Osaka Prefecture University(current position)
Reasons for selection as candidates 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 humane
personnel 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
three years.

-8-Candidate
No.

Name
(Date of birth)

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

11

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
Yoshiaki Hompo
Division) of Japan Post
(April 20, 1949)
July 2007
Deputy Vice-Minister for Tourism Policy,
Minister’s Secretariat of Ministry of Land,
100 shares
Reelection
Infrastructure, Transport and Tourism
Candidate for outside Director
Oct. 2008
Commissioner of Japan Tourism Agency
Candidate for independent
Apr. 2010
Professor of Tokyo Metropolitan University
officerJan. 2014
Special Adviser of Japan Tourism Agency(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)
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 candidates for outside Director
Yoshiaki Hompo has extensive career and broad insight as the first Commissioner of Japan Tourism Agency and SeniorVice President of Japan Post in addition to overseas experience and administrative experience related to the Ministry ofTransport. Also, he has experience in the area of human resource development as an adjunct and research professor. 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
one year.

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Proposal No. 2

Election of One Auditor

The term of office of Auditor Koji Tsusue will expire at the conclusion of this meeting. Therefore, the Company
proposes the election of one Auditor.
In addition, the consent of the Board of Auditors has been obtained for this proposal.
The candidate for Auditor is as follows:
Name(Date of birth)

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

Koji Tsusue(January 17, 1963)
Reelection

Nov. 2002
Jan. 2013
July 2013
Aug. 2013
May 2015
Mar. 2017

Joined Oita JUSCO Co., Ltd. (currently AEON KYUSHUCo., Ltd.)
Corporate Communications Department of AEON Co., Ltd.
Group General Affairs Department
Manager of Group General Affairs Department (current
position)
Auditor of Research Institute for Quality Living CO., LTD.
(current position)
Auditor of the Company (current position)
Manager of Legal Affairs Department of AEON Co., Ltd.
(current position)

Conflicts of interest
There is no special interest between Koji Tsusue and the Company.

- 10 -

Number of theCompany’s shares
owned

0 shares