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

Securities code: 2004
June 3, 2024
To our shareholders
President and CEO Hideyuki Tsukagoshi
Showa Sangyo Co., Ltd.
2-2-1, Uchikanda, Chiyoda-ku, Tokyo

Notice of the 123rd Annual General Meeting of Shareholders
We would like to take this opportunity to express our sincere gratitude for your continued support of our Company.
Notice is hereby given that the 123rd Annual General Meeting of Shareholders of Showa Sangyo Co., Ltd. (the“Company”) will be held as set forth below.
In convening this General Meeting of Shareholders, the Company has taken measures for providing information that
constitutes the content of reference documents for the general meeting of shareholders, etc. (matters for whichmeasures for providing information in electronic format are to be taken) in electronic format, and has posted theinformation on the Company website. Please access the following website to view the information.
The Company’s website:
https://www.showa-sangyo.co.jp/ir/library/shareholders/ (in Japanese)
In addition to the Company’s website mentioned above, the matters subject to measures for electronic provision are
also posted on the Tokyo Stock Exchange (TSE) website below.
TSE website (Listed Company Search):https://www2.jpx.co.jp/tseHpFront/JJK010010Action.do?Show=Show (in Japanese)
Confirm by accessing the above website, entering “Showa Sangyo” in the “Issue name (company name)” field or“2004” in the “Code” field, and clicking “Search;” then clicking “Basic information” and selecting “Documents for
public inspection/PR information;” and then checking the “Notice of General Shareholders Meeting /Informational
Materials for a General Shareholders Meeting” in “Filed information available for public inspection.”
If you are unable to attend the meeting, you may exercise your voting rights via the Internet, etc. or in writing,so please review the reference documents for the General Meeting of Shareholders shown below and exercise
your voting rights by 5:45 p.m. on June 24, 2024 (JST).

-1-1. Date and time:
2. Venue:

Tuesday, June 25, 2024, at 10:00 a.m. (registration starts at 9:00 a.m. (JST))
Nikkei Building 3F Nikkei Hall
1-3-7, Otemachi, Chiyoda-ku, Tokyo(Please refer to the Guide Map to the Venue for the Annual General Meeting of Shareholders
attached at the end.) (available in Japanese only)
3. Purpose of the meeting
Matters to be reported:
1. Business Report and Consolidated Financial Statements for the 123rd fiscal year (from April 1, 2023 toMarch 31, 2024) and audit results of the Consolidated Financial Statements by the financial auditor and the
Audit and Supervisory Committee
2. Report on the non-consolidated financial statements for the 123rd fiscal year (from April 1, 2023 to March
31, 2024)
Matters to be resolved:
Proposal 1
Appropriation of Surplus
Proposal 2
Election of Eight Directors (Excluding Directors Who Are Audit and Supervisory
Committee Members)
Proposal 3
Election of One Director Who is a Substitute Audit and Supervisory Committee Member
Proposal 4
Revision to the Amount of Remuneration, etc., for Directors (Excluding Directors Who
Are Audit and Supervisory Committee Members)
4. Matters to be decided upon convocation(1) Please note that should you exercise your voting rights in writing (by post), in the event it is not indicatedwhether you approve or disapprove of a proposal on your voting form, it will be deemed that approval was
indicated.
(2) If exercising your voting rights by proxy, you may appoint one other shareholder with voting rights toattend the General Meeting of Shareholders as your proxy. Please note, however, that you will be required
to submit a written document certifying the proxy’s authority.
・・・

If attending the meeting in person, please present your voting form at the reception desk.
If revisions to the matters subject to measures for electronic provision arise, a notice of the revisions and thedetails of the matters before and after the revisions will be posted on the above websites.
Paper-based documents stating matters subject to measures for electronic provision are sent to shareholders who
have requested the delivery of paper-based documents; however those documents do not include the following
matters in accordance with the provisions of laws and regulations and Article 15 of the Company’s Articles ofIncorporation.
(i) “System for ensuring the appropriateness of business operations and status of operation” and “Basic Policy
on Control of the Company” in the Business Report(ii) “Consolidated Statement of Changes in Equity” and “Notes to Consolidated Financial Statements” of theConsolidated Financial Statements(iii) “Non-consolidated Statement of Changes in Equity” and “Notes to Non-consolidated Financial Statements”
of the Non-consolidated Financial Statements
Therefore, the Business Report, Consolidated Financial Statements, and Non-consolidated Financial Statements
stated in these documents are a part of the scope of documents audited by the financial auditor in preparing thefinancial audit report and the Audit and Supervisory Committee in preparing the Audit Report.

-2-

Information on Exercise of Voting Rights
Exercise of voting rights at the Company’s General Meeting of Shareholders is shareholders’ important right.
Please exercise your voting rights after reviewing the Reference Documents for the General Meeting of
Shareholders below.
There are three methods to exercise your voting rights as indicated below.
Exercise of voting rights by attending the Annual General Meeting of Shareholders
You are kindly requested to exercise your voting rights by submitting a voting form to the reception desk at themeeting.
Date and time: Tuesday, June 25, 2024, at 10:00 a.m. (registration starts at 9:00 a.m. (JST))
Exercising voting rights by postal mailPlease indicate on the voting form your approval or disapproval of each proposal and return the completed form.
Deadline for exercise of voting rights: No later than Monday, June 24, 2024, at 5:45 p.m. (JST)Exercise of voting rights via the Internet
Please indicate whether you approve or disapprove of each proposal following the instructions on the next page.
Deadline for exercise of voting rights: All data entry to be completed no later than Monday, June 24, 2024, at
5:45 p.m. (JST)How to Fill Out Your Voting Form
Please indicate whether you approve or disapprove of each proposal.
Proposals 1, 3, and 4
・If you approve,

put a circle in the box marked 賛[Approve].

・If you disapprove,
Proposal 2

put a circle in the box marked 否[Disapprove].

・To mark your approval for all candidates,

put a circle in the box marked 賛[Approve].

・To mark your disapproval for all candidates,

put a circle in the box marked 否[Disapprove].

・To mark your disapproval for certain candidates,

put a circle in the box marked 賛[Approve] and write thenumber of the candidate(s) you wish to disapprove.

-3-

Method of Exercise of Voting Rights via the Internet, etc.
Deadline for exercise of voting rights via the Internet, etc.: Monday, June 24, 2024, at 5:45 p.m. (JST)Method of Exercise of Voting Rights via Smartphone, etc.
1. Please scan QR Code provided on the voting form.
※ “QR Code” is a registered trademark of DENSO WAVE INCORPORATED.
2. Please tap the “Exercise Voting Rights” button on the Portal of Shareholders’Meeting site screen.
3. The Smart Vote® screen will appear. Please follow the directions that appear on the screen to input approval ordisapproval to each proposal.
Method of Exercise of Voting Rights via PC, etc.
Please gain access by entering the login ID and password given on the voting form from the following URL. After
logging in, please follow the directions that appear on the screen to input approval or disapproval to each proposal.
The Portal of Shareholders’Meeting site URL: https://www.soukai-portal.net
It is still possible to use the Voting website (available in Japanese only):https://www.web54.net
Institutional investors may use the Electronic Voting Platform for institutional investors operated by ICJ, Inc.
Cautions● If you need to make a correction to the content of your vote after you have exercised your voting rights, it isnecessary to enter your voting code and password printed on the voting form.
● If you exercise your voting rights both via the Internet, etc., and in writing, the vote made via the Internet, etc.,
shall be deemed effective. If you exercise your voting rights more than once via the Internet, etc., only the lastvote shall be deemed effective.
● This cannot be used between 12:00 a.m. - 5:00 a.m. on the first Monday of January, April, July, and Octoberdue to maintenance.
Inquiries
Sumitomo Mitsui Trust Bank, Limited, Stock Transfer Agency Web Support Hotline
0120-652-031(Business hours: 9:00 a.m. – 9:00 p.m. (JST))
Please also refer to the Q&A section.

-4-

Reference Documents for the General Meeting of Shareholders
Proposals and Reference Information
Proposal 1

Appropriation of Surplus

The Company proposes the appropriation of surplus as follows:
Year-end dividends
The Company recognizes the return of profits to shareholders as one of its important management issues, along withgrowth investment and capital investment, which will be the source of corporate value in the future, and its basic
policy is to stabilize the management base while aiming to maintain stable dividends over the long term.
Taking into consideration factors such as the fiscal year’s business results and strong financial standing, futurebusiness development, as well as the maintenance of stable dividends, the Company proposes a year-end dividend of¥50 per share for the fiscal year as follows. Accordingly, including the interim dividend of ¥30 per share, the annual
dividend will total ¥80 per share, an increase of ¥15 per share from the previous fiscal year.
(1) Type of dividend property
To be paid in cash.
(2) Allotment of dividend property to shareholders and their aggregate amount¥50 per common share of the Company
Total payment: ¥1,673,444,100(3) Effective date of dividends of surplus
June 26, 2024

-5-

Proposal 2

Election of Eight Directors (Excluding Directors Who Are Audit and Supervisory
Committee Members)

At the conclusion of this General Meeting of Shareholders, the terms of office of all eight Directors (excluding
Directors who are Audit and Supervisory Committee Members; the same shall apply to this proposal), KazuhikoNiitsuma, Hideyuki Tsukagoshi, Junji Kokuryo, Tatsuya Yamaguchi, Masashi Ohno, Yoshihiro Hosoi, Takashi
Yanagiya, and Naoko Mikami, will expire.
Therefore, the Company proposes the election of eight Directors. Moreover, the number of internal Directors has
been reduced by one, and the number of outside Directors has been increased by one in order to strengthen the
supervisory function of the Board of Directors.
With respect to the submission of this proposal, the Audit and Supervisory Committee of the Company has
determined that all the candidates for Directors are appropriate in light of each candidate’s business execution andperformance during the current fiscal year.
The candidates for Director are as follows:
Candidate
No.
1
2

3

4

5

6
7
8

Name
Kazuhiko Niitsuma
Reelection
Hideyuki Tsukagoshi
Reelection
Tatsuya Yamaguchi
Reelection
Masashi Ohno
Reelection
Yoshihiro Hosoi
Reelection
Naoko Mikami
Reelection
Akira Karasawa
New election
Mami Taira
New election

Current position andresponsibilities in the Company

Candidate attributes

ChairmanPresident and CEO
Director Managing Officer
In charge of Business
Management & Sales Division
Director Managing Officer
In charge of Technical Division
Director Managing Officer
In charge of Corporate Division;
General Manager, PlanningManagement Department
Outside Director
Outside Director
Outside Director-6-Outside Director
Independent Officer
Outside Director
Independent Officer
Outside Director
Independent Officer

Candidate
No.

1

2

3

Career summary, position and responsibility in the
Number of theCompany, and significant concurrent positions outside theCompany’s
Company
shares owned
Apr. 1981
Joined the Company
June 2001
General Manager, Sales Integration Department
Nov. 2006
General Manager, Flour Milling Department
June
2009
Officer
Kazuhiko Niitsuma
June 2012Managing Director
68,332 shares(October 1, 1957)
June 2014
Senior Managing Director[Reelection]
Apr. 2016
President
Apr. 2020
President and CEO
Apr. 2023
Chairman (current position)
Reasons for nomination as candidate for Director
The Company has nominated Kazuhiko Niitsuma as a candidate for Director because he has appropriately fulfilled hisrole as Chairman of the Company, and the Company judges that he is a candidate who will contribute to the sustainablegrowth and enhancement of the corporate value of the Company.
Feb. 1992
Joined the Company
June 2013
General Manager, Fukuoka Branch
Apr. 2015
General Manager, Management Planning
Hideyuki Tsukagoshi
Department(December 19, 1965)
15,625 shares
Apr. 2018
Officer[Reelection]
Apr. 2021
Managing Officer
June 2021
Director Managing Officer
Apr. 2023
President and CEO (current position)
Reasons for nomination as candidate for Director
The Company has nominated Hideyuki Tsukagoshi as a candidate for Director because he has appropriately fulfilled
his role as President and CEO of the Company, and the Company judges that he is a candidate who will contribute to
the sustainable growth and enhancement of the corporate value of the Company.
Apr. 1984
Joined the Company
Apr. 2007
General Manager, Sapporo Branch
June 2009
General Manager, Household Foods
Department
June 2014
Officer
Tatsuya Yamaguchi
Apr. 2018
Managing Officer
28,523 shares(May 30, 1960)
June 2018
Director Managing Officer (current position)[Reelection]
Apr. 2023
In charge of Ingredients Sales Department,
Food Process Sales Department, Retailer Sales
Department, and Branch Offices
Apr. 2024
In charge of Business Management & Sales
Division (current position)
Reasons for nomination as candidate for Director
The Company has nominated Tatsuya Yamaguchi as a candidate for Director because he has appropriately fulfilled hisrole as Director Managing Officer in charge of the Business Management & Sales Division, and the Company judgesthat he is a candidate who will contribute to the sustainable growth and enhancement of the corporate value of theCompany.
Name(Date of birth)-7-

Candidate
No.

4

5

6

Career summary, position and responsibility in the
Number of theCompany, and significant concurrent positions outside theCompany’s
Company
shares owned
Apr. 1987
Joined the Company
Apr. 2016
General Manager, Funabashi Plant
Masashi Ohno
Apr. 2019
Officer(November 2, 1964)
8,866 shares
Apr. 2022
Managing Officer[Reelection]
June 2022
Director Managing Officer (current position)
Apr. 2023
In charge of Technical Division (current
position)
Reasons for nomination as candidate for Director
The Company has nominated Masashi Ohno as a candidate for Director because he has appropriately fulfilled his roleas Director Managing Officer in charge of Technical Division, and the Company judges that he is a candidate who willcontribute to the sustainable growth and enhancement of the corporate value of the Company.
Apr. 1985
Joined the Company
May 2011
General Manager, Real Estate Department
Apr. 2016
General Manager, Information System
Department
Yoshihiro Hosoi(January 20, 1962)
5,461 shares
Apr. 2018
Officer[Reelection]
Apr. 2022
Managing Officer
Apr. 2023
In charge of Corporate Division (current
position)
June 2023
Director Managing Officer (current position)
Reasons for nomination as candidate for Director
The Company has nominated Yoshihiro Hosoi as a candidate to continue as Director because he has appropriately
fulfilled his role as Director Managing Officer in charge of the Corporate Division, and the Company judges that he is acandidate who will contribute to the sustainable growth and enhancement of the corporate value of the Company.
Apr. 1983
Joined Ajinomoto Co., Inc.
Apr. 2007
Visiting Professor of Musashino University
Jan. 2010
Joined C’BON COSMETICS Co., Ltd.
June 2011
Executive Officer, in charge of Production
Department
June 2012
Director, in charge of Production Department
Apr. 2017
In charge of Administration Division
Naoko Mikami
June 2017Managing Director and Executive Officer
June 2019
Representative Director, Vice President, and(March 12, 1961)
1,100 shares
Executive Officer[Reelection]
Jan. 2020
Representative Director, Vice President, in[Outside]charge of Product Development Division
June 2021
Outside Director of the Company (current
position)Mar. 2022
Outside Director of Earth Corporation (current
position)Mar. 2024
Outside Director of Kuraray Co., Ltd. (current
position)
Reasons for nomination as candidate for Outside Director and outline of expected role
Naoko Mikami has been nominated as a candidate for Outside Director because she has experience in corporate
management and extensive knowledge, and the Company expects her to continue to contribute to strengthening thedecision-making function and supervisory function of the Board of Directors by utilizing her knowledge. If she iselected, she is expected to be involved in the selection of candidates for the Company’s officers and decisions on
officers’ remuneration, etc. from an objective and neutral standpoint as a member of the Management Advisory
Committee and the Remuneration Advisory Committee.
Name(Date of birth)-8-

Candidate
No.

7

8

Career summary, position and responsibility in the
Number of theCompany, and significant concurrent positions outside theCompany’s
Company
shares owned
Apr. 1983
Joined the Ministry of Agriculture, Forestry and
Fisheries
Apr. 2010
Director-General of Fisheries Policy Planning
Department, Fisheries Agency
Akira Karasawa
July 2014
Director-General of Crop Production Policy(January 19, 1960)
Department, Agricultural Production Bureau
0 shares[New election]
Oct. 2015
Director-General of Crop Production Bureau[Outside]
July 2019Ambassador Extraordinary and Plenipotentiary
residing in the Republic of Palau
Feb. 2023
Executive Advisor of The Norinchukin Bank
(current position)
Reasons for nomination as candidate for Outside Director and outline of expected role
Akira Karasawa has been nominated as a candidate for Outside Director because he has experience serving as DirectorGeneral of Crop Production Bureau of the Ministry of Agriculture, Forestry and Fisheries, and as an Ambassador
Extraordinary and Plenipotentiary, has special knowledge related to policies for agriculture, forestry and fisheries, andthe food industry. The Company expects that he will contribute to strengthening the decision-making function andsupervisory function of the Board of Directors by utilizing his knowledge. If he is elected, he is expected to be
involved in the selection of candidates for the Company’s officers and decisions on officers’ remuneration, etc. from an
objective and neutral standpoint as a member of the Management Advisory Committee and the Remuneration Advisory
Committee. Although he has never been involved in company management other than as an outside officer, for thereasons mentioned above, the Company has determined that he is capable of properly carrying out his duties as an
Outside Director.
Oct. 1987
Joined Tohmatsu Awoki & Sanwa (currently
Deloitte Touche Tohmatsu LLC)
Oct. 1990
Joined Yoshio Hayakawa Tax Accountant
OfficeSept. 1991
Registered as a certified public accountant
Apr. 1992
Registered as a tax accountant
Oct. 2002
Partner of Hayakawa/Taira Tax Accountant
Office (current position)
Mami TairaMay 2011
Outside Audit and Supervisory Board Member(February 20, 1962)
of Aeon Mall Co., Ltd.
0 shares[New election]
May 2014
Outside Director[Outside]Mar. 2016
Outside Audit and Supervisory Board Memberof ISEKI & CO., LTD. (current position)
June 2016
Outside Director, Audit and Supervisory
Committee Member, Suzuden Corporation(current position)
June 2020
Outside Director, Audit and Supervisory
Committee Member, Sushiro Global Holdings
Co., Ltd. (currently FOOD & LIFE
COMPANIES Ltd.) (current position)
Reasons for nomination as candidate for Outside Director and outline of expected role
Mami Taira has been nominated as a candidate for Outside Director based on her experience as a certified public
accountant and tax accountant, expertise related to finance and accounting, and deep understanding of corporate
governance. The Company expects that she will contribute to strengthening the decision-making function andsupervisory function of the Board of Directors by utilizing her knowledge. If she is elected, she is expected to be
involved in the selection of candidates for the Company’s officers and decisions on officers’ remuneration, etc. from an
objective and neutral standpoint as a member of the Management Advisory Committee and the Remuneration Advisory
Committee. Although she has never been involved in company management other than as an outside officer, for thereasons mentioned above, the Company has determined that she is capable of properly carrying out her duties as an
Outside Director.
Name(Date of birth)-9-Notes:1. There is no special interest between any of the candidates and the Company.
2. Naoko Mikami, Akira Karasawa, and Mami Taira are candidates for Outside Directors and independent officers as
stipulated by Tokyo Stock Exchange, Inc. because they are judged to ensure the soundness of management from an outside
perspective that is not controlled or interfered with by management.
3. At the conclusion of this meeting, Naoko Mikami’s tenure as Outside Director of the Company will have been three years.
4. The Company has entered into a limited liability agreement with Naoko Mikami with respect to her liability in relation to
Article 423, paragraph (1) of the Companies Act, pursuant to the provisions of the Articles of Incorporation of theCompany, which limits the amount of liability to the amount prescribed by laws and regulations. If her election is approved,
the Company plans to continue the said limited liability agreement. In addition, if the elections of Akira Karasawa andMami Taira are approved, the Company plans to enter into similar limited liability agreements with them.
5. The Company has entered into a liability insurance agreement with an insurance company for officers, etc., as provided
for in Article 430-3, paragraph (1) of the Companies Act, which provides that the insured, including Directors of theCompany, shall not be liable for any loss or damage that may be incurred as a result of being held liable for the executionof their duties or being subject to a claim for the pursuit of such liability (excluding, however, those that fall under the
exemption grounds stipulated in the insurance policy). The full amount of the insurance premiums for this insurance
agreement is borne by the Company. In the event that each candidate is elected and assumes office as a Director, he or she
will become an insured under this insurance agreement. The insurance agreement is scheduled to be renewed with thesame terms and conditions upon resolution of the Board of Directors at the next renewal.

- 10 -

Proposal 3

Election of One Director Who is a Substitute Audit and Supervisory Committee Member

The Company proposes the election of one Director who is a Substitute Audit and Supervisory Committee Member
to fill the vacancy in the number of Directors who are Audit and Supervisory Committee Members stipulated in laws
and regulations.
The validity of the election can be nullified by resolution of the Board of Directors if the consent of the Audit andSupervisory Committee Board has been obtained; provided, however, that it is only in a time before assuming office.
In addition, the consent of the Audit and Supervisory Committee has been obtained for the submission of this proposal.
The candidate for the role of Director who is a Substitute Audit and Supervisory Committee Member is as follows:
Name(Date of birth)
Yoshiki Takahashi

Career summary, position and responsibility in the
Company, and significant concurrent positions outside theCompany
Apr. 1993
Registered as a lawyer
Sept. 2011
Established Daiju Law Office (current position)

Number of the Company’s
shares owned

0 shares(April 13, 1959)[Outside]
Reasons for nomination as candidate for Outside Director who is a Substitute Audit and Supervisory Committee Member
and outline of expected role
The Company has nominated Yoshiki Takahashi as a candidate for Outside Director who is a Substitute Audit and Supervisory
Committee Member because he has legal expertise and a high level of insight into corporate governance as a lawyer, and theCompany expects him to contribute to the sound management of the Company and the maintenance and improvement of its social
credibility. If he is elected as Outside Director who is an Audit and Supervisory Committee Member, he is expected to be involvedin the selection of candidates for the Company’s officers and decisions on officers’ remuneration, etc. from an objective and neutral
standpoint as a member of the Management Advisory Committee and the Remuneration Advisory Committee. Although he has
never been involved in company management other than as an outside officer, for the reasons mentioned above, the Company has
determined that he is capable of properly carrying out his duties as an Outside Director who is an Audit and Supervisory Committee
Member.
Notes:

1. There is a legal advisory agreement between the candidate and the Company.
2. In the event that Yoshiki Takahashi assumes the office of Outside Director who is an Audit and Supervisory Committee
Member, the Company plans to enter into a limited liability agreement with him to limit his liability in relation to Article
423, paragraph (1) of the Companies Act to the amount prescribed by laws and regulations in accordance with theCompany’s Articles of Incorporation.
3. The Company has entered into a liability insurance agreement with an insurance company for officers, etc., as provided
for in Article 430-3, paragraph (1) of the Companies Act, which provides that the insured shall not be liable for any loss
or damage that may be incurred as a result of being held liable for the execution of their duties or being subject to a claim
for the pursuit of such liability (excluding, however, those that fall under the exemption grounds stipulated in the said
insurance policy). The full amount of the insurance premiums for this insurance agreement is borne by the Company. In
the event that Yoshiki Takahashi is elected and assumes office as a Director who is an Audit and Supervisory Committee
Member, he will become an insured under this insurance agreement. The insurance agreement is scheduled to be renewedwith the same terms and conditions upon resolution of the Board of Directors at the next renewal.

- 11 -

Proposal 4

Revision to the Amount of Remuneration, etc., for Directors (Excluding Directors Who Are
Audit and Supervisory Committee Members)

The current amount of remuneration, etc., for Directors (excluding Directors who are Audit and Supervisory
Committee Members; the same shall apply hereafter in this proposal) was approved at the 116th Annual General
Meeting of Shareholders held on June 28, 2017 to be not more than 350 million yen annually (of this, not more than
30 million yen for outside Directors), and has applied until now. There are currently eight Directors (including two
outside Directors). If Proposal 2 “Election of Eight Directors (Excluding Directors Who Are Audit and Supervisory
Committee Members)” is approved as drafted, the number of Directors will be eight (including three outside
Directors).
Therefore, the Company proposes that the amount of remunerations, etc., for Directors be not more than 350 million
yen annually (of this, not more than 50 million yen for outside Directors) where the maximum amount for outside
Directors is increased out of consideration for social circumstances. Please note that, same as in the past, the amountof remuneration, etc. for Directors does not include the salary of Directors who are also employees.

- 12 -

(Reference) Management structure after Proposal 2 is approved (Skill matrix)
Based on the Group’s corporate philosophy of “Contributing to healthy, rich, and varied meals,” the Group, as a
“Grain Solution Company,” has formulated its long-term vision “SHOWA Next Stage for 2025,” with fiscal 2025 as
the final year, and is currently implementing a three-year Medium-term Management Plan in a three-stage. Throughthe achievement of these goals, the Group is working to achieve sustainable growth and enhance the corporate value
in order to respond to the mandate of all stakeholders.
The Company believes that the Company’s Directors have the necessary knowledge, experience, etc. and can be
expected to demonstrate their expertise in pursuing this initiative. The skill matrix is as follows.
All of the Directors have the skills to promote ESG management, which aims to enhance corporate value, while theGroup achieves solutions to social issues through its business from the perspective of CSV strategy.
Name

Position and responsibilities in the Company

Attributes

Male

Kazuhiko Niitsuma

Chairman

Male

Hideyuki Tsukagoshi

President and CEO

Male

Tatsuya Yamaguchi

Director Managing Officer
In charge of Business Management & Sales
Division

Male

Masashi Ohno

Director Managing Officer
In charge of Technical Division

Male

Yoshihiro Hosoi

Director Managing Officer
In charge of Corporate Division; General
Manager, Planning Management Department

FemaleNaoko Mikami

Outside Director

Male

Akira Karasawa

Outside Director

FemaleMami Taira

Outside Director

Male

Susumu Oyanagi

Director (Standing Audit and Supervisory
Committee Member)MaleToshihiro Teshima

Outside Director (Audit and Supervisory
Committee Member)

Independent Officer

MaleJoji Sugo

Outside Director (Audit and Supervisory
Committee Member)

Independent Officer

Outside Director
Independent Officer
Outside Director
Independent Officer
Outside Director
Independent Officer- 13 -

Outside Director
Outside Director

[Skill Matrix Items]
Skill item

Expected knowledge and experience
The Company expects Internal Directors to serve or have served as directors in management
positions, including those of the Company’s group companies, or to have knowledge of such
positions, and to demonstrate their expertise as Directors of the Company.
On the other hand, the Company expects Outside Directors to have the knowledge andexperience of having served as directors in management positions at other companies and todemonstrate their expertise as Directors of the Company.
The Company, as a “Grain Solution Company,” procures material grains from overseas tosupport the Japanese diet and contributes to society through its business. In addition to its
familiarity with overseas material grain conditions and knowledge and experience in close
collaboration with national organizations and related organizations, the Company expects
Directors to have the knowledge and experience in building relationships with various
stakeholders while grasping market trends in the food industry in order for the Company toimplement its management strategies, and to demonstrate their expertise as Directors of theCompany.
The Company expects Directors to have the knowledge and experience, etc., in negotiating on
behalf of a company with an overseas company to enter into a contract for business alliances,
etc., and to demonstrate their expertise as Directors of the Company.

Corporate management

Business strategy

Overseas businessResearch and development
Production technology and logistics
Accounting & finance
Governance and risk management
DigitalIn order for the Group to implement its management strategies and achieve sustainable growthand increase corporate value, the Company expects Directors not only to be well versed in therelevant fields but also to have the knowledge and experience to properly manage and supervise
the Company, and to demonstrate their expertise as Directors of the Company.
*In particular, the skills that are expected to demonstrate their expertise are listed.
Expected knowledge and experience

Corporate
management

BusinessstrategyOverseasbusiness

Kazuhiko
Niitsuma●●●

Hideyuki
Tsukagoshi●●

Tatsuya
Yamaguchi●●

Masashi
Ohno●

Yoshihiro
Hosoi

●

Naoko
Mikami●

Akira
Karasawa

Research anddevelopment

Production
technology
and logistics

Accounting& finance

Digital

●
●

●

●
●

●
●

Governanceand riskmanagement

●

●

●

●

●

Mami Taira

●

●

●

SusumuOyanagi●●●

Toshihiro
Teshima●●●Joji Sugo●●●- 14 -●