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: 2815
June 4, 2020
To our shareholders:
Tomoki Tagawa
Representative Director and President
ARIAKE JAPAN Co., Ltd.
3-2-17 Ebisu-Minami, Shibuya-ku, Tokyo

Notice of the 42nd Annual General Meeting of Shareholders
You are cordially invited to attend the 42nd Annual General Meeting of Shareholders of ARIAKE JAPAN Co., Ltd.
(the “Company”). The meeting shall be held as mentioned below.
Considering the situation where COVID-19 epidemic infections have been spreading, for securing safety ofshareholders and prevention of the spread of infection, we request shareholders perform advance exercise of
voting rights in writing to the extent possible, and that shareholders who attend the meeting consider
measures such as wearing masks. In addition, we kindly request cooperation from shareholders, as we may
take necessary measures to secure the safety of shareholders and prevention of the spread of infection at thevenue of the Meeting, as we judge necessary.
Upon exercise of your voting rights in writing, please review the attached Reference Documents for the General
Meeting of Shareholders, indicate “for” or “against” for each proposal on the enclosed voting form, and return it tous by postal mail so it will be received by us no later than 5:00 p.m. (JST) on Thursday, June 18, 2020.
1. Date and Time: Friday, June 19, 2020, at 10:00 a.m. (JST)
2. Venue:“Grandis” at 1F New Annex, Hotel Flags Kujukushima
740, Kashimae-cho, Sasebo-shi, Nagasaki*The venue has changed from last year.
3. Purpose of the Meeting
Matters to be reported:
1. The Business Report and the Consolidated Financial Statements, and auditing results of the Consolidated
Financial Statements by Financial Auditors and Audit and Supervisory Committee for the 42nd fiscal year
(From April 1, 2019 to March 31, 2020).
2. The Non-Consolidated Financial Statements for the 42nd fiscal year (From April 1, 2019 to March 31,2020)
Matters to be resolved:
Proposal No. 1
Appropriation of Surplus
Proposal No. 2
Election of Six Directors (Excluding Directors Who Are Audit and Supervisory
Committee Members)
Proposal No. 3
Election of One Director Who Is an Audit and Supervisory Committee Member
Proposal No. 4
Payment of Bonuses to Officers- Please submit the enclosed voting form at the reception desk of the venue on the day of the meeting. Please note that unless thecircumstances are exceptional, non-shareholders such as proxies and people accompanying shareholders will not be permitted toattend the General Meeting of Shareholders.
- Any changes in the Reference Documents for the General Meeting of Shareholders and the Business Report, the Non-Consolidated
Financial Statements, or the Consolidated Financial Report will be posted on the Company’s website.
- In compliance with laws and regulations, and Article 15 of Articles of Incorporation, the Company has posted the following items
from the attached documents on its website. The said items are not provided with this notice. Please note that the Consolidated
Financial Statements audited by Financial Auditors and Audit and Supervisory Committee and the Non-Consolidated Financial
Statements consist of the items that are enclosed with the Japanese version of this notice as well as the following items posted on
the Company’s website:(i) “System to ensure properness of business and status of operation of the system” in the Business Report-1-(ii) Consolidated Statement of Changes in Equity and Notes to Consolidated Financial Documents(iii) Non-Consolidated Statement of Changes in Equity and Notes to Non-Consolidated Financial Documents- The measures above may be updated up until the day of the General Meeting of Shareholders due to the situation regarding thespread of COVID-19 or announcements by the Japanese government, etc. Please confirm information transmitted on theCompany’s website.
- Company’s website: http://www.ariakejapan.com-2-Reference Documents for the General Meeting of Shareholders
Proposal No. 1

Appropriation of Surplus

The Company proposes the appropriation of surplus as follows:
Year-end dividends
The Company has given consideration to matters including the business performance of the fiscal year underreview and future business development, and it proposes to pay year-end dividends for the 42nd fiscal year asfollows:(i) Type of dividend property
To be paid in cash.
(ii) Allotment of dividend property and their aggregate amountThe Company proposes to pay a dividend of ¥57 per common share of the Company.
In this event, the total dividends will be ¥1,813,787,196.
(iii) Effective date of dividend of surplus
The effective date of dividends will be June 22, 2020.

-3-Proposal No. 2

Election of Six Directors (Excluding Directors Who Are Audit and Supervisory CommitteeMembers)

The terms of office of all six Directors (excluding Directors who are Audit and Supervisory Committee Members;
applicable to the rest of this proposal) will expire at the conclusion of this meeting. Therefore, the Company
proposes the election of six Directors.
As for this proposal, the Audit and Supervisory Committee has judged that all the candidates for Directors areeligible.
The candidates for Director are as follows:CandidateNameNo.
1
Tomoki Tagawa
2
Katsutoshi Iwaki

Positions in the Company

Representative Director and President
Representative Director and Executive Vice PresidentManaging Director and General Manager of Production
3
Naoki Shirakawa
Department
4
Yoshikazu Uchida
Managing Director and General Manager of Sales Department
Director and General Manager of Accounting Department and5
Kouichi Matsumoto
Administration Department
6
Kouji Iwaki
Director and General Manager of General Affairs Department
Reelection: Candidate for Director to be reelected
New: Candidate for Director to be elected newly
Outside: Candidate for Outside Director
Independent: Independent officer under the provisions of the stock exchange-4-Reelection
Reelection
Reelection
Reelection
Reelection
Reelection

Candidate
No.

Name
(Date of birth)

Career summary, positions and responsibilities in the Company(Significant concurrent positions outside the Company)
Mar. 1976
June 1991

1

Number of theCompany’s shares
ownedJoined Ariake Shokuhin Kako Co., Ltd.
Director and General Manager of Production
Department 2 of the Company
July 1993
Director and General Manager of Kyushu Plant
Technological Development Department
June 1999
Managing Director, General Manager ofKyushu Plant, and General Manager of Kyushu
Plant Technological Development Department
May 2002
Senior Managing Director, General Manager ofNo. 2 Kyushu Plant, General Manager ofTechnological Development Department, andGeneral Manager of General Affairs
Department
Mar. 2003
Director of F. P. Natural Ingredients SASJan. 2004
Director of Ariake Europe N. V. (currentposition)
Feb.
2004
Directorand President of ARIAKE U. S. A.,
Reelection
Inc.
33,928 shares
June 2005
Executive Vice President of the Company
Tomoki Tagawa
Jan. 2007
President of Qingdao Ariake Foodstuff Co.,
(January 28, 1954)
Ltd.
May 2007
President of Taiwan Ariake Foods Co., Ltd.
(current position)
June 2007
Representative Director and President of theCompany (current position)
Jan. 2011
Director and President of F. P. NaturalIngredients SAS
Nov. 2013
Director and President of Henningsen
Nederland B. V.
June 2016
Director (current position)
June 2017
Director of F. P. Natural Ingredients SAS
Mar. 2019
Director and President of PT. Ariake Europe
Indonesia (current position)(Significant concurrent positions outside the Company)
President of Taiwan Ariake Foods Co., Ltd.
Director and President of PT. Ariake Europe Indonesia<Reasons for nomination as candidate for Director>
As Representative Director of the Company, he has been promoting group management and striving to enhance
corporate value, and meanwhile has been responsible for the manufacturing and technological development divisions ofthe Company over a long period of time. He has sufficient knowledge and experience regarding manufacturing andmanagement overall, and the Company judges that he conforms to the selection policy of the Company and nominatedhim for another term as a candidate for Director.

-5-CandidateNo.

Name(Date of birth)

Career summary, positions and responsibilities in the Company(Significant concurrent positions outside the Company)
Mar. 1977
June 1991

23

Number of theCompany’s shares
ownedJoined Ariake Shokuhin Kako Co., Ltd.
Senior Managing Director and General
Manager of Internal Audit Office of theCompany
July 1999
Director and President of Ariake Shokuhin
Kako Hanbai Co., Ltd.
Apr. 2001
Joined the Company (Due to the merger anddissolution of Ariake Shokuhin Kako Hanbai
Co., Ltd.)
June 2001
Director, General Manager of Administration
Department, and General Manager of Osaka
BranchMay 2002
Senior Managing Director
Reelection
June 2003
President of Qingdao Ariake Foodstuff Co.,80,095 shares
Ltd.
Katsutoshi Iwaki
June 2005
Senior Managing Director and General(June 23, 1948)
Manager of Sales Department of the Company
June 2008
Senior Managing Director and General
Manager of Internal Control OfficeFeb. 2010
President of Qingdao Ariake Foodstuff Co.,Ltd.
June 2014
Representative Director and Executive Vice
President, General Manager of Overseas
Affiliates-managed and Internal Control Officeof the Company (current position)
Mar. 2016
Director and President of PT. Ariake Europe
Indonesia
Apr. 2019
Director of Henningsen Nederland B. V.
(current position)<Reasons for nomination as candidate for Director>
As Representative Director of the Company, he has been promoting corporate management and striving to enhance
corporate value, playing an important role making use of his wide-ranging knowledge about management. Therefore,
the Company judges that he conforms to the selection policy of the Company and nominated him for another term as a
candidate for Director.
Apr. 1981
Joined Ariake Shokuhin Kako Co., Ltd.
Apr. 1998
General Manager of Kyushu Plant Quality
Control Department of the Company
Mar. 1999
General Manager of Kyushu Plant Production
Department
June 1999
Director and General Manager of Kyushu Plant
ReelectionProduction Department
9,910 shares
June 2001
Director and General Manager of No. 2 Kyushu
Naoki Shirakawa
Plant Production Department(February 28, 1957)
May 2006
Director and General Manager of TechnologicalDevelopment Department
June 2015
Managing Director and General Manager ofTechnological Development Department
Oct. 2015
Managing Director and General Manager ofProduction Department (current position)<Reasons for nomination as candidate for Director>
As Director of the Company, he has been responsible for the quality management division of the Company over a long
period of time and has been promoting efforts for creating new value making use of the technologies of the Group,improvement of productivity, and safety and security. Therefore, the Company judges that he conforms to the selection
policy of the Company and nominated him for another term as a candidate for Director.

-6-Candidate
No.

Name(Date of birth)

Career summary, positions and responsibilities in the Company(Significant concurrent positions outside the Company)
Apr. 1988
Apr. 2001

Number of theCompany’s shares
ownedJoined Ariake Shokuhin Kako Hanbai Co., Ltd.
Joined the Company (Due to the merger anddissolution of Ariake Shokuhin Kako HanbaiCo., Ltd.)
Reelection
Apr. 2006
General Manager of Tokyo Sales Department 1
1,512 shares
June 2007
Director and General Manager of Tokyo Sales
Yoshikazu Uchida
Department 1(April 19, 1960)
Feb. 2011
Director and General Manager of Sales4Department
June 2015
Managing Director and General Manager ofSales Department (current position)<Reasons for nomination as candidate for Director>
As Director of the Company, he has been in charge of the sales division over a long period of time, promoting
management reform and the mid-term management plan, and meanwhile he has been striving to enhance businessvalue. In consideration of this, the Company judges that he conforms to the selection policy of the Company andnominated him for another term as a candidate for Director.
Feb. 1979
Joined Ariake Shokuhin Kako Co., Ltd.
Apr. 2001
General Manager of Accounting Department ofthe Company
June 2007
Director and General Manager of Accounting
Department and Administration Department
Reelection(current position)
20,217 sharesJan. 2014
Audit & Supervisory Board Member ofKouichi Matsumoto
Qingdao Ariake Foodstuff Co., Ltd. (current(March 30, 1958)
position)
5Apr. 2015
Audit & Supervisory Board Member of Taiwan
Ariake Foods Co., Ltd. (current position)
Mar. 2016
Audit & Supervisory Board Member of PT.
Ariake Europe Indonesia (current position)<Reasons for nomination as candidate for Director>
As Director of the Company, he has experience, track record and insight in financial and business management, and issuitable for reinforcement of global management of the Company. Therefore, the Company judges that he conforms tothe selection policy of the Company and nominated him for another term as a candidate for Director.
Feb. 1998
Joined Ariake Shokuhin Kako Hanbai Co., Ltd.
Apr. 2001
Joined the Company (Due to the merger anddissolution of Ariake Shokuhin Kako HanbaiCo., Ltd.)
July 2013
General Manager of Tokyo Sales Department 2
Reelection
June 2015
Executive Officer and General Manager of
282 shares
Tokyo Sales Department 2Kouji Iwaki
Sept. 2016
Executive Officer and General Manager of(February 18, 1965)
6
Osaka BranchApr. 2018
Executive Officer and General Manager ofGeneral Affairs Department
June 2018
Director and General Manager of General
Affairs Department (current position)<Reasons for nomination as candidate for Director>
As Director of the Company, he has been in charge of the General Affairs Department, and has been working hard on
HR education and business value enhancement. In consideration of this, the Company judges that he conforms to theselection policy of the Company and nominated him for another term as a candidate for Director.
Note: There is no special interest between any of the candidates and the Company.

-7-Proposal No. 3

Election of One Director Who Is an Audit and Supervisory Committee Member

Kenichi Isaka, who serves as an Audit and Supervisory Committee Member, will resign at the conclusion of thismeeting. The Company, therefore, proposes election of a substitute Director who is an Audit and Supervisory
Committee Member.
Note that the term of office of a Director who is an Audit and Supervisory Committee Member elected as asubstitute is until the expiry of the term of office of the retiring Director who is an Audit and Supervisory
Committee Member, in accordance with the provisions of the Articles of Incorporation of the Company.
In addition, the consent of the Audit and Supervisory Committee has been obtained for this proposal.
The candidate for Director who is Audit and Supervisory Committee Member is as follows:
Name(Date of birth)
New election
OutsideIndependent

Career summary, positions and responsibilities in the Company(Significant concurrent positions outside the Company)
Apr. 1968
Apr. 1970
Apr. 1996Feb. 2020

Registered as an attorney at law (Tokyo Bar Association)
Attorney of Arizumi Law Office
Established Prime Law Office
Joined Kato & Kezuka Lawyer’s Office
To the present

Number of theCompany’s shares
owned0 shares

Toru Nishiki(January 29, 1943)<Reasons for nomination as candidate for Outside Director>
He has abundant experience and board insight as an attorney and is well versed in corporate legal affairs, and the Company,
therefore, requests he be elected as a candidate for Outside Director, in order for him to make use of this for auditing, etc. of theCompany. Although he has never been involved in the management of a company except as an outside officer, the Company judgesthat he will appropriately fulfill his duties as an Outside Director based on the above reasons.
Note:
1. There is no special interest between the candidate and the Company.
2. He is a candidate for Outside Director.
3. The Company will notify him as an independent officer pursuant to the regulations of the Tokyo Stock Exchange.
4. Pursuant to the provisions of Article 427, paragraph (1) of the Companies Act, if his election is approved, the Company
plans to enter into an agreement with him to limit his liability for damages under Article 423, paragraph (1) of theCompanies Act. The maximum amount of the liability for damages under the agreement shall be the higher of ¥5 million,or the minimum liability amount as provided for in Article 425, paragraph (1) of the Companies Act.

Proposal No. 4

Payment of Bonuses to Officers

Taking into account the factors such as the amounts paid in the past and the Company’s performance during thefiscal year under review, the Company proposes to pay bonuses totaling ¥78.4 million to the six Directors(excluding Directors who are Audit and Supervisory Committee Members) in office as of the end of the fiscal year
under review.
In addition, the Audit and Supervisory Committee has neither made any comment nor raised any objection for this
proposal during and after its review.

-8-