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. EIZO Corporation assumes no responsibility for this translation or for direct, indirect, or any
other form of damage which may arise as a result of this translation.
(Securities Code: 6737)
June 3, 2020

To Our Shareholders:
Yoshitaka Jitsumori
President & CEO
EIZO Corporation
153 Shimokashiwano, Hakusan,
Ishikawa, JapanNOTICE OF CONVOCATION OF
THE 53RD ORDINARY GENERAL MEETING OF SHAREHOLDERS
We would like to express our appreciation for your continued support.
You are hereby notified that the 53rd Ordinary General Meeting of Shareholders of EIZO Corporation(the “Company”) will be held as described below.
You may exercise your voting rights in writing or via the Internet. Please review the attached“Reference Documents for the General Meeting of Shareholders” and exercise your voting
rights no later than 5:15 p.m. on Tuesday, June 23, 2020 (Japan time), following the guidancedescribed below.

1.

Date and Time:

Wednesday, June 24, 2020, at 10:00 a.m.
(The reception desk opens at 9:15 a.m.)

2.

Place:

Concert Hall, 1st floor, Hakusan City Matto Learning Center(Hakusan-shi Matto Gakushu Center)
305, Furushiro-machi, Hakusan-shi, Ishikawa, Japan* Please note that the Place of the General Meeting of Shareholders
is subject to change. If it is changed, a notice will be posted on the
Company's website (see next page).

3.

Meeting Agenda:
Items to be reported:

1.

2.

Item to be resolved:
Proposal 1:
Proposal 2:

Business Report, Consolidated Financial Statements andresults of audits of the Consolidated Financial Statements
by the Accounting Auditor and the Audit and Supervisory
Committee for the Company’s 53rd Fiscal Year (April 1,
2019 - March 31, 2020)
Non-consolidated Financial Statements for the Company’s
53rd Fiscal Year (April 1, 2019 - March 31, 2020)

Election of Three (3) Directors (excluding Directors serving as
Audit and Supervisory Committee Members)
Election of Four (4) Directors serving as Audit and Supervisory
Committee Members- 1 -- When attending the meeting, please submit the enclosed Voting Rights Exercise Form at thereception desk.
- Pursuant to laws and regulations, and the provisions of Article 16 of the Articles of Incorporationof the Company, of the documents to be attached to this Notice, “Consolidated Statement of
Changes in Equity,” “Notes to Consolidated Financial Statements,” “Non-consolidated Statementof Changes in Equity” and “Notes to Non-consolidated Financial Statements” are posted on the
Company’s website below and are not provided in this Notice.
Therefore, the documents attached to this Notice are a part of the Consolidated Financial Statements
and Non-consolidated Financial Statements audited by the Accounting Auditor and the Audit andSupervisory Committee, in preparing their respective audit reports.
- If any revisions should be made to the Reference Documents for the General Meeting of
Shareholders, Business Reports, Consolidated Financial Statements, and Non-consolidated
Financial Statements, they will be posted on the Company’s website, as mentioned below.
- An explanatory meeting will be held after the General Meeting of Shareholders to deepen
shareholders’ understanding of the Company’s corporate strategy and business model.
- Please note that the Company’s Directors and staff will be in business casual (“Cool Biz”) at theGeneral Meeting of Shareholders.
- After the General Meeting of Shareholders, the outcomes of resolutions will be posted on the
Company’s website below.
The Company’s website (https://www.eizo.co.jp/ir/stock/invitation/)- A video recording of the General Meeting of Shareholders will be made available on the Company's
website indicated above afterwards (Japanese only). When viewing the video, please enter thecommon ID and password for shareholders indicated on the enclosed guide.

- 2 -Exercise of Voting Rights:
You may exercise your voting rights through either of the methods described below.
Exercise of your voting rights in writing
Please indicate your votes for or against the proposal on the enclosed Voting Rights Exercise
Form and return the form by mail so that it will arrive no later than 5:15 p.m. on Tuesday, June23, 2020 (Japan time).
Exercise of your voting rights via the Internet
Please access the website for exercising voting rights (https://www.web54.net) and enter yourvotes for or against the proposal no later than 5:15 p.m. on Tuesday, June 23, 2020 (Japantime).
If you exercise your voting rights both in writing and via the Internet, your vote via the Internet will
be considered a valid exercise of voting rights. If you exercise your voting rights multiple times via
the Internet, or if you exercise your voting rights both via PC and mobile devices, etc., only the mostrecent vote will be considered a valid exercise of voting rights.
Institutional investors may use the electronic voting platform operated by ICJ, Inc.

- 3 -

Reference Documents for the General Meeting of Shareholders
Proposal 1: Election of Three (3) Directors (excluding Directors serving as Audit andSupervisory Committee Members)
The terms of office of all three (3) Directors (excluding Directors serving as Audit andSupervisory Committee Members) will expire at the conclusion of this General Meeting of
Shareholders. Therefore, the election of three (3) Directors (excluding Directors serving as
Audit and Supervisory Committee Members) is proposed. With respect to this proposal, theCompany has already obtained the opinion of the Audit and Supervisory Committee that all of
the candidates for Director are qualified to serve.
The candidates for Director (excluding Directors serving as Audit and Supervisory Committee
Members) are as follows.
Candidate No.1

Name (Date of birth)
Yoshitaka Jitsumori(April 16, 1944)
Reappointment

Number of shares of theCompany held
147,300 shares
Attendance at the Boardof Directors meetings
9 out of 9

Career summary, positions and responsibilities at the Company(Significant concurrent positions)
May 1994
Executive Director
June 1995*Senior Executive Director
June 1997*Executive Vice President
June 2001*President & CEO (to present)*Representative Director(Significant concurrent positions)
EIZO MS Corporation, President & CEO
EIZO Support Network Corporation, President & CEO
Irem Software Engineering Inc., Director
EIZO Inc., Director, Chairman
EIZO Nordic AB, Board Member
EIZO AG, Board of Administration Member
EIZO Europe GmbH, President & CEO[Reasons for the election of the candidate for Director]
As President & CEO, Mr. Yoshitaka Jitsumori has been overseeing themanagement of EIZO Group based on a wealth of experience, implementing
business strategies that leverage the Group’s strengths by demonstrating his
extensive knowledge and strong leadership, thereby contributing to its
enhanced corporate value. He has been nominated as a candidate for Director
because the Company expects that he will continue to contribute to the further
growth of the Group by appropriately executing his duties and supervising
corporate management as a Director.

- 4 -Candidate No.2

Career summary, positions and responsibilities at the Company(Significant concurrent positions)
March 1979
April 2001
April 2006

Name (Date of birth)
Yuichi Murai(August 25, 1956)
Reappointment

Number of shares of theCompany held
11,168 shares
Attendance at the Boardof Directors meetings
9 out of 9

Joined the Company
Senior Manager, Human Resources Dept.
Operating Officer, Senior Manager, Human Resources
Dept.
June 2007
Director, Operating Officer, Senior Manager, Human
Resources Dept.
October 2011
Director, Executive Operating Officer, Responsible forGeneral Affairs and Human Resources, Senior
Manager, General Affairs Dept.
October 2014
Director, Executive Operating Officer,
Senior Manager, General Affairs Dept. and Human
Resources Dept.
June 2016
Director, Senior Executive Operating Officer,
Responsible for General Affairs and Human Resources,
Senior Manager, Human Resources Dept. (to present)(Significant concurrent positions)
EIZO Agency Corporation, President & CEO
EIZO Display Technologies (Suzhou) Co., Ltd., Director[Reasons for the election of the candidate for Director]
Mr. Yuichi Murai has been responsible for managing the Group based on a
wealth of experience and, as the Director mainly responsible foradministrative departments, has implemented initiatives to ensure
appropriate and improved management, including those for strengthening
and promoting compliance, thereby contributing to its enhanced corporate
value. He has been nominated as a candidate for Director because theCompany expects that he will continue to contribute to the further growth of
the Group by appropriately executing his duties and supervising corporate
management as a Director.

- 5 -Career summary, positions and responsibilities at the Company(Significant concurrent positions)

Candidate No.3

Name (Date of birth)
Tsutomu Tanabe(December 12, 1944)
Reappointment

December 1997
June 2001
June 2004
August 2008
June 2016

Senior Executive Director*Senior Executive Director*Executive Vice President*Executive Vice President & CFO
Director, Senior Advisor (to present)*Representative Director(Significant concurrent positions)-

Number of shares of theCompany held
66,200 shares
Attendance at the Boardof Directors meetings
9 out of 9

[Reasons for the election of the candidate for Director]
Mr. Tsutomu Tanabe has provided beneficial opinions and proposals in orderto help promote the future stability of the Group’s businesses based on a
wealth of experience as a Director and broad knowledge of accounting andfinance, thereby contributing to its enhanced corporate value. He has been
nominated as a candidate for Director because the Company expects that hewill continue to contribute to the further growth of the Group by fairly andappropriately supervising its corporate management.

Note: There are no special interests between any of the above candidates for Director and the Company.

- 6 -Proposal 2: Election of Four (4) Directors serving as Audit and Supervisory Committee
Members
The terms of office of all four (4) Directors serving as Audit and Supervisory Committee
Members will expire at the conclusion of this General Meeting of Shareholders. Therefore, theelection of four (4) Directors serving as Audit and Supervisory Committee Members is
proposed. With respect to this proposal, the Company has already obtained the consent of the
Audit and Supervisory Committee.
The candidates for Director serving as Audit and Supervisory Committee Members are as
follows.
Candidate No.1

Name (Date of birth)
Masaaki Suzuki(May 21, 1947)
Reappointment
External
Independent

Number of shares of theCompany held
1,100 shares
Attendance at the Boardof Directors meetings
9 out of 9
Attendance at the Audit
and Supervisory
Committee meetings
8 out of 8

Career summary, positions and responsibilities at the Company(Significant concurrent positions)
April 1971
Joined Nippon Kangyo Bank, Ltd. (Dai-Ichi Kangyo
Bank, Ltd. as of October 1971, Mizuho Financial Group,
Inc. currently)
June 1999
Dai-Ichi Kangyo Bank, Ltd., Director, Senior Manager,
Sales Division VII
May 2001
Managing Executive Officer
April 2002
Mizuho Corporate Bank, Ltd., Managing Executive
OfficerMarch 2003
Mizuho Bank, Ltd., Managing Executive Officer
November 2004
NIPPON TOCHI-TATEMONO Co., Ltd., Senior
Managing Executive Officer
June 2005
Hokuetsu Pulp Co., Ltd. (Hokuetsu Corporation
currently), Managing Director
June 2009
Hokuetsu Package Co., Ltd., President & CEO*
June 2011
NIPPON TOCHI-TATEMONO Co., Ltd., Counsellor
June 2012
External Director of the Company
June 2016
External Director serving as Audit and Supervisory
Committee Member of the Company (to present)*Representative Director(Significant concurrent positions)[Reasons for the election of the candidate for External Director serving as
Audit and Supervisory Committee Member]
As an External Director, Mr. Masaaki Suzuki has offered his valuable andstraight opinions and proposals on the decision-making processes of theCompany, based on a wealth of experience acquired at a financial institution
and experience developed in the management of business corporations, as well
as extensive knowledge, thereby contributing to the soundness andtransparency of the management. He has been nominated as a candidate forExternal Director serving as an Audit and Supervisory Committee Member
because the Company expects that he will continue to contribute to enhancing
the corporate value of the Company by strengthening the effectiveness of its
management oversight functions.

- 7 -Candidate No.2

Name (Date of birth)
Kazuhiko Deminami(July 10, 1959)
Reappointment

Career summary, positions and responsibilities at the Company(Significant concurrent positions)
March 1982
Joined the Company
October 2002

Senior Manager, Accounting & Finance Dept.

July 2004

Senior Manager, General Affairs Dept.

April 2007

Operating Officer, Senior Manager, General Affairs Dept.

April 2009

Senior General Councilor, Senior Manager, Internal
Auditing Dept.
Operating Officer, Senior Manager, Accounting &Finance Dept.
Irem Software Engineering Inc., Director, Senior
Manager, Administrations Dept.
Director serving as Audit and Supervisory Committee
Member of the Company (to present)

October 2011
January 2015

Number of shares of theCompany held
8,400 shares

June 2016

Attendance at the Boardof Directors meetings
9 out of 9-

Attendance at the Audit
and Supervisory
Committee meetings
8 out of 8

(Significant concurrent positions)[Reasons for the election of the candidate for Director serving as Audit andSupervisory Committee Member]
Mr. Kazuhiko Deminami has held positions as Senior Manager for General
Affairs Dept. and Accounting & Finance Dept. and Director of a groupcompany, and has executed the duties of a full-time Audit and Supervisory
Committee Member fairly and appropriately, based on an extensive experienceand high levels of expertise and insights in accounting and finance. He has
been nominated as a candidate for Director serving as an Audit andSupervisory Committee Member because the Company expects that he willcontinue to contribute to enhancing the corporate value of the Company bystrengthening the effectiveness of its management oversight functions.

- 8 -Career summary, positions and responsibilities at the Company(Significant concurrent positions)

Candidate No.3

Name (Date of birth)
Atsushi Inoue(October 7, 1948)
Reappointment
External
Independent

Number of shares of theCompany held
1,000 shares

April 1973

Joined Murata Manufacturing Co., Ltd.

July 2001

Vice President

June 2003

Board Member, Vice President

June 2005

Board Member, Executive Vice President

June 2010

Board Member, Senior Executive Vice President

June 2011
June 2012

Senior Executive Vice President, Director of Device
Business Unit
Executive Counsellor

June 2012

External Corporate Auditor of the Company

June 2016

External Director serving as Audit and Supervisory
Committee Member of the Company (to present)(Significant concurrent positions)-

Attendance at the Boardof Directors meetings
9 out of 9
Attendance at the Audit
and Supervisory
Committee meetings
8 out of 8

[Reasons for the election of the candidate for External Director serving as
Audit and Supervisory Committee Member]
Mr. Atsushi Inoue has offered his valuable and straight opinions and proposals
on the decision-making processes of the Company, based on a wealth ofexperience developed as a manager of a business corporation and extensive
knowledge, thereby executing his duties as an External Director fairly andneutrally. He has been nominated as a candidate for External Director serving
as an Audit and Supervisory Committee Member because the Company
expects that he will continue to contribute to enhancing the corporate value of
the Company by strengthening the effectiveness of its management oversightfunctions.

- 9 -Candidate No.4

Name (Date of birth)
Hiroji Takino(June 20, 1958)
Reappointment
External
Independent

Career summary, positions and responsibilities at the Company(Significant concurrent positions)
April 1981

Joined Hokuriku Bank, Ltd.

June 2013

Executive Officer, Deputy Head of Ishikawa Regional
Business Division and General Manager of Kanazawa
BranchManaging Executive Officer, Head of Fukui Regional
Business Division and Head of Nagoya-Osaka Regional
Business Division
Managing Executive Officer

June 2016

April 2018
June 2018
June 2018

External Director serving as Audit and Supervisory
Committee Member of the Company (to present)
Hokutate Co., Ltd., President & CEO* (to present)*Representative Director

Number of shares of theCompany held
0 shares(Significant concurrent positions)
Hokutate Co., Ltd., President & CEO

Attendance at the Boardof Directors meetings
9 out of 9
Attendance at the Audit
and Supervisory
Committee meetings
8 out of 8

[Reasons for the election of the candidate for External Director serving as
Audit and Supervisory Committee Member]
Mr. Hiroji Takino has offered his valuable and straight opinions and proposals
on the decision-making processes of the Company, based on a wealth ofexperience acquired at financial institution and experience developed as amanager of a business corporation and extensive knowledge, thereby executing
his duties as an External Director fairly and neutrally. He has been nominatedas a candidate for External Director serving as an Audit and Supervisory
Committee Member because the Company expects that he will continue tocontribute to enhancing the corporate value of the Company by strengthening
the effectiveness of its management oversight functions.

Notes:
1. There are no special interests between any of the above candidates for Director serving as Audit andSupervisory Committee Member and the Company.
2. Mr. Masaaki Suzuki, Mr. Atsushi Inoue, and Mr. Hiroji Takino are all candidates for External Director.
3. Mr. Masaaki Suzuki is currently an External Director of the Company and will have held this position foreight (8) years (for four (4) years as an External Director serving as an Audit and Supervisory Committee
Member), at the conclusion of this General Meeting of Shareholders. Mr. Atsushi Inoue is currently an
External Director serving as an Audit and Supervisory Committee Member for four (4) years at theconclusion of this General Meeting of Shareholders. Mr. Atsushi Inoue formerly served as an officer otherthan a person executing business operations (Corporate Auditor). Mr. Hiroji Takino is currently an
External Director serving as an Audit and Supervisory Committee Member for two (2) years at theconclusion of this General Meeting of Shareholders.
4. The Company has entered into agreements, in accordance with the provision of Article 427, Paragraph 1,of the Companies Act, with Mr. Masaaki Suzuki, Mr. Atsushi Inoue, and Mr. Hiroji Takino, to limit their
liabilities under Article 423, Paragraph 1, of the Companies Act. The maximum liability under these
agreements is the minimum liability provided in laws and regulations. If Mr. Masaaki Suzuki, Mr. Atsushi
Inoue, and Mr. Hiroji Takino are reappointed as External Directors, the Company will continue theaforementioned liability limitation agreements with them.
5. The Company designated Mr. Masaaki Suzuki, Mr. Atsushi Inoue, and Mr. Hiroji Takino as Independent
Directors as stipulated under the regulation of Tokyo Stock Exchange and registered them as such at the- 10 -

6.
7.

Exchange. If this proposal is approved, they will continue to be Independent Directors.
Mr. Masaaki Suzuki, Mr. Atsushi Inoue, and Mr. Hiroji Takino, all satisfy the requirements establishedby the Company under “Criteria for Independence of External Directors” (see next page).
We are of the opinion that the proposed re-election of Mr. Masaaki Suzuki, who had been employed by
Mizuho Bank, Ltd., will not adversely affect his independence in view of the fact that our borrowing from
Mizuho Bank, Ltd. as of March 31, 2020 only accounted for less than 0.5 percent of our total assets on aconsolidated basis and does not significantly impact our financing. Additionally, we are of the opinion
that the proposed re-election of Mr. Atsushi Inoue, who had been employed by Murata ManufacturingCo., Ltd., one of our parts suppliers, will not adversely affect his independence in view of the fact that thevolume of business transactions between Murata Manufacturing and EIZO for FY2019 only accounted
for less than 0.1 percent of each of the two companies' total sales on a consolidated basis. Further, we areof the opinion that the proposed re-election of Mr. Hiroji Takino, who had been employed by Hokuriku
Bank, Ltd., will not adversely affect his independence in view of the fact that our borrowing from
Hokuriku Bank, Ltd. as of March 31, 2020 only accounted for less than 1.0 percent of our total assets on
a consolidated basis and does not significantly impact our financing.

- 11 -

(Reference) Criteria for Independence of External Directors

1. The Board of Directors of EIZO Corporation deems an External Director or a candidate forExternal Director to have independence in the event that he/she does not fall under any of theitems below in the current fiscal year and in the previous three (3) fiscal years.
(1) A person executing business operations (*) of EIZO Group’s business partner, its parent
company, or important subsidiary whose transaction amount exceeds two (2) % of theconsolidated net sales of EIZO Group or the business partner.
(2) A person executing business operations of a financial institution or other lenders, or its parent
company or important subsidiary which is indispensable for EIZO Group’s financing and on
which the Group depends to the extent that there is no substitute.
(3) A consultant, accounting professional, or legal professional who has received from EIZOGroup monetary consideration or other properties equivalent to ten (10) million yen or moreduring a year, excluding officers’ remuneration (in case a corporation, association, or otherorganization receives such properties, a person who belongs to such organization).
(4) A person executing business operations of a major shareholder of EIZO Corporation (who holdsten (10) % or more of the voting rights of the Company directly or indirectly) or its parent
company or important subsidiary.
(5) A representative partner, certified public accountant, partner, or employee of the audit firm thatis the current Accounting Auditor of EIZO Group, or a person who has belonged to the audit
firm that was the Accounting Auditor of EIZO Group during the previous three (3) fiscal years
and was engaged in actual auditing work on EIZO Group.
(6) A person executing business operations or a Corporate Auditor of a company, or its parent
company or subsidiary that accepts Directors from EIZO Group.
(7) A person who has received a donation of ten (10) million yen or more during a year from EIZOGroup (in case a corporation, association, or other organization receives such donation, a
Director of such an organization or a person directly involved in research, education, or otheractivities related to such a donation).
(8) A spouse or relative within the second degree of kinship of a person executing business
operations who falls under any of (1) to (7) above.
(9) Notwithstanding the foregoing, any other person who has special grounds that could give rise
to a conflict of interests with the Company or its general shareholders, preventing him/her from
fulfilling duties as an independent External Director.
(*) A person executing business operations means a Director (excluding an External Director),
corporate officer, executive officer or other similar person, or employee.
2. In case an External Director ceases to have the independence stipulated in the Criteria, he/she shallnotify the Company immediately.
3. Amendments to the Criteria shall be resolved by the Board of Directors.

- 12 -