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: 7483
June 11, 2021
To our shareholders:
Masayuki Nomura
President
DOSHISHA CO., LTD.
1-5-5 Higashi-Shinsaibashi, Chuo-ku, Osaka

NOTICE OF THE 45TH ORDINARY GENERAL MEETING OF SHAREHOLDERS
We hereby notify you that the 45th Ordinary General Meeting of Shareholders of DOSHISHA CO., LTD. (the“Company”) will be held as described below.
We have newly introduced the way of exercising voting rights via the Internet, etc., in addition to the way of
exercising voting rights in writing. In order to prevent infections and the spread of the novel coronavirus
disease (COVID-19), shareholders are requested to exercise their voting rights in writing or via the Internet,etc., in advance and refrain from attending the meeting, if possible. Please review the attached Reference
Documents for the General Meeting of Shareholders and exercise your voting rights no later than 5:30 p.m.
on Monday, June 28, 2021 (Japan Standard Time).
1. Date and Time: Tuesday, June 29, 2021 at 10:00 a.m. (Japan Standard Time)(Reception will open at 9:00 a.m.)
2. Place:
DOSHISHA CO., LTD. Osaka Head Office, 11th Floor
1-5-5 Higashi-Shinsaibashi, Chuo-ku, OsakaNo souvenirs will be provided to shareholders who attend the General Meeting of Shareholders.
We would greatly appreciate your understanding.
3. Agenda:
Matters to be reported:
1. Business Report and Consolidated Financial Statements for the 45th Term (from April 1, 2020 to March 31,2021), as well as the results of the audit of the Consolidated Financial Statements by the Accounting
Auditor and the Audit & Supervisory Board
2. Non-Consolidated Financial Statements for the 45th Term (from April 1, 2020 to March 31, 2021)
Matters to be resolved:
Proposal 1:
Appropriation of surplus
Proposal 2:
Election of eight (8) Directors
4. Disclosure via the Internet
In accordance with the applicable laws and regulations and the provisions of Article 16 of the Company’s
Articles of Incorporation, we have posted on our website (https://www.doshisha.co.jp/) the following matters,and thus omitting them from this Notice.
- “Systems for Ensuring the Properness of Business Activities” in the Business Report- “Outline of the Operation of Internal Control System” in the Business Report- “Consolidated Statement of Changes in Equity” in the Consolidated Financial Statements- “Notes to the Consolidated Financial Statements” in the Consolidated Financial Statements- “Statement of Changes in Equity” in the Financial Statements- “Notes to the Non-consolidated Financial Statements” in the Financial Statements
These matters are included in the Business Report, the Consolidated Financial Statements and the Financial
Statements that the Accounting Auditor or the Audit & Supervisory Board Members audited to prepare theFinancial Audit Report or the Audit Report.

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Proposal 1:

Appropriation of surplus

Having identified the appropriate return of profits to shareholders as its most important management policy, theCompany has made it its basic policy to, while bearing in mind the need to maintain a proactive and stabledividend, also consider the need to maintain internal reserves to fund further business expansion and to strengthen
the corporate structure so that it can respond to changes in the business environment, as well as the need for acompensation system that reflects employee performance.
Taking into account factors such as future business expansion, the Company proposes the year-end dividends forthe 45th Term and other appropriation of surplus as follows:
1. Matters related to year-end dividends(1) Type of dividend property
Cash(2) Allocation of dividend property and total amount thereof¥30 per common share of the Company
Total amount of dividends: ¥1,054,230,360
Note that the Company paid an interim dividend of ¥25 per share, bringing the dividend for the entire
fiscal year to ¥55 per share.
(3) Effective date of distribution of dividends of surplus
June 30, 2021
2. Matters related to other appropriation of surplus(1) Item of surplus to be increased and amount of increase thereof
General reserve: ¥4,000,000,000(2) Item of surplus to be decreased and amount of decrease thereof
Retained earnings brought forward: ¥4,000,000,000-2-

Proposal 2:

Election of eight (8) Directors

The term of all eight (8) Directors expires at the conclusion of this General Meeting of Shareholders.
Therefore, the Company proposes the election of eight (8) Directors.
The candidates for Directors are as follows:
No.

Name
(Date of birth)

Career summary, position and responsibilities(Significant concurrent positions outside the Company)
Jan. 1977

12

Number of theCompany’s shares
owned

Established the Company
Took office as President
Apr. 2014
Chairman and Chief Executive Officer
Masaharu Nomura
1,079,583
Apr. 2021
Chairman (present position)(September 18, 1946)
Significant concurrent positions outside the Company
Director, Doshisha Logistics Co., Ltd.
Director, Karinpia Co., Ltd.
[Reasons for nomination as candidate for Director]
As the founder of the company, with his strong leadership and determination, he has led the management of theCompany and steadily developed the Group for over 40 years since its foundation.
The Company has nominated him as a candidate to continue serving as Director due to his achievements that prove hisability and insight as an operator.
Jan. 1998
Joined the Company
June 2004
DirectorApr. 2006
Managing Director, Chief Director of PB
Division
May 2006
Chief Director of The Second Business Unit
May 2007
Senior Managing Director
May 2010
Representative Senior Managing Director,Officer In Charge of Investor Relations &Masayuki Nomura
Public Relations
59,900(June 3, 1972)
Apr. 2011
Representative Director and Executive Vice
President, Chief Director of Sales and Officer
In Charge of Investor Relations & PublicRelations
Apr. 2014
President and Chief Operating Officer
Apr. 2021
President, CEO and COO (present position)
Significant concurrent positions outside the Company
Director, MS SHOJI KK[Reasons for nomination as candidate for Director]
He has abundant experience, achievements and insight into management, obtained through having acted in important
positions since joining the Company and serving currently as the President of the Company since April 2014.
The Company has nominated him as a candidate to continue serving as Director due to his ability, experience andinsight, required for supervising and leading the administration of business matters.

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Name(Date of birth)

Career summary, position and responsibilities(Significant concurrent positions outside the Company)
Feb. 1990
June 1995
June 2001
Nov. 2002
Dec. 2004
Mar. 2005

3

Number of theCompany’s shares
ownedJoined the Company
Director
Managing Director
Senior Managing DirectorVice President, Chief Director of PB Division
Chief Director of PB Division and Officer In
Charge of Quality Assurance
Apr. 2006
Chief Director of Sales and Officer In Chargeof Investor Relations & Public Relations
July 2006
Chief Director of Sales, Officer In Charge ofQuality Assurance, Investor Relations & Public
RelationsFeb. 2007
Chief Director of Sales, Chief Director of
Quality Assurance/Affiliated Companies
Business, and Officer In Charge of Investor
Relations & Public Relations
Toneri Kimbara
Apr. 2008
Chief Director of Sales and Officer In Charge
63,794(August 5, 1952)
of Investor Relations & Public Relations
July 2010
Chief Director of Sales
Apr. 2011
Representative Director and Executive Vice
President, Advisor to the President
May 2013
Advisor to the President and Officer In Chargeof Sales Planning
June 2014
Vice Chairman and Advisor to the Chairman
Nov. 2018
Vice President and Chief Director of Sales(present position)
Significant concurrent positions outside the Company
President, Victoria Well Holdings Limited
President, Shanghai Comrade Trade Company
Director, Life Net Co., Ltd.
Director, Rainbow Warehouse (Shenzhen) Limited
Director, Lianyungang Brilliant Daily Products Co., Ltd.
Director, Lianyungang Brilliant Industrial Co., Ltd.
[Reasons for nomination as candidate for Director]
The Company has nominated him as a candidate to continue serving as Director due to his abundant experience,achievements and insight into management, obtained through having acted in important positions since joining theCompany and serving currently as the Representative Director of the Company since December 2004.

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No.

Name
(Date of birth)

Career summary, position and responsibilities(Significant concurrent positions outside the Company)
Apr. 1991
Apr. 1997
Jan. 1999
Oct. 2001

Michinori Sakamoto(June 3, 1968)
4

July 2002
Jan. 2007
June 2008
July 2011
Apr. 2012
Apr. 2016
June 2020
Apr. 20215Joined the Company
Division Director of SP Sales
Division Director of SP Products
Division Director of Fourth BusinessDepartment, Business Promotion
Division Director of Food and Gift
Gift Department Director
Executive Officer
Chief Director of The Third Business UnitManaging Executive Officer
Senior Managing Executive Officer
Director, Senior Managing Executive Officer
and Chief Director of The Third Business Unit
Director, Senior Managing Executive Officer
and Vice Director of Sales (present position)

Number of theCompany’s shares
owned

16,341[Reasons for nomination as candidate for Director]
The Company has nominated him as a candidate to continue serving as Director due to his abundant experience,achievements and insight into management, obtained through having abundant experience in sales activities of theCompany since joining the Company and serving currently as Senior Managing Executive Officer of the Company
since April 2016 and as Director of the Company since June 2020.
Apr. 1994
Joined Daiwa Bank, Ltd. (now Resona Bank,Limited.)
Apr. 2012
Joined the Company, Director of Corporate
Planning Department
Aug. 2013
Supervising Director of System Development
Department, Director of Corporate Planning
Department, and Officer In Charge of Investor
Relations & Public Relations
June 2014
Executive Officer, Executive Officer In Chargeof System Development and Supervising
Director of Financial & Accounting
Department, Foreign Trade Operation
Takahiro Matsumoto
Department and Business Management
930(August 25, 1970)
Department
June 2016
Director and Executive Officer In Charge ofFinancial & Accounting, Foreign Trade
Operation and Business Management
Apr. 2018
Director and Executive Officer In Charge ofFinancial & Accounting, Foreign Trade
Operation, Business Management andInvestigation
Apr. 2019
Director and Managing Executive Officer In
Charge of Financial & Accounting, Foreign
Trade Operation and Business Management(present position)[Reasons for nomination as candidate for Director]
The Company has nominated him as a candidate to continue serving as Director due to his superior ability, experienceand insight into management, obtained through having extensive experience in the Management Department of theCompany since joining the Company and serving currently as the Director of the Company since June 2016.

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Name(Date of birth)

Career summary, position and responsibilities(Significant concurrent positions outside the Company)
Jan. 1972
May 1985
May 1987
May 1990

67

Number of theCompany’s shares
ownedJoined SHIMAMURA Co., Ltd.
Director of SHIMAMURA Co., Ltd.
Outside Director
Managing Director of SHIMAMURA Co., Ltd.
9,492
Senior Managing Director of SHIMAMURA
Chohachi GotoCo., Ltd.
(February 9, 1945)
May 2009
Resigned from SHIMAMURA Co., Ltd.
June 2015
Director of the Company (present position)[Reasons for nomination as candidate for Outside Director and outline of roles expected]
The Company has nominated Chohachi Goto as a candidate for Outside Director since the Company expects him tocontinue serving as Outside Director and to provide the Company with his valuable opinions and suggestions on themanagement of the Company, and the appropriate direction for business execution from an independent standpoint forthe enhancement of a mid- and long-term shareholder value and corporate value based on his abundant experience andextensive knowledge obtained from the post of corporate manager for many years.
[Tenure as Outside Director]
At the conclusion of this meeting, his tenure as an Outside Director of the Company will be six (6) years.
Apr. 1966
Appointed Police Officer with Osaka
Prefectural PoliceMar. 2001
Chief of Fuse Police Station
Mar. 2002
Head of Criminal Administration Division,
Criminal Investigation Department
Mar. 2003
Head of Inspection Office, Police
Administration Department
Mar. 2004
Chief of Minami Police StationOutside DirectorMar. 2005
Head of Osaka City Police Department andHead of Organized Crime Division, Osaka
12,556Prefectural Police
Noriaki Kumamoto(November 9, 1947)
Jan. 2006
Head of Criminal Investigation Department,
Osaka Prefectural Police Headquarters
Mar. 2008
Resigned as Police Officer with Osaka
Prefectural Police
Apr. 2008
Head of Osaka Office of the Japan Safe Driving
CenterMar. 2010
Resigned as Head of Osaka Office of the Japan
Safe Driving Center
June 2015
Director of the Company (present position)[Reasons for nomination as candidate for Outside Director and outline of roles expected]
The Company has nominated Noriaki Kumamoto as a candidate for Outside Director since the Company expects him tocontinue serving as Outside Director and to provide the Company with his valuable opinions and advice on themanagement of the Company, and the appropriate direction for business execution from an independent standpoint for
the enhancement of a mid- and long-term shareholder value and corporate value based on his abundant experience andextensive knowledge obtained from serving as Head of Criminal Investigation Department, Osaka Prefectural Police
Headquarters and Head of Organized Crime Division, Osaka Prefectural Police.
The Company has nominated him as a candidate to continue serving as Outside Director, because the Company has
judged that, based on his extensive experience at the police, he can properly perform the duties of an Outside Director,
although he has no direct experience of managing any private enterprises other than as an Outside Director.
[Tenure as Outside Director]
At the conclusion of this meeting, his tenure as an Outside Director of the Company will be six (6) years.

-6-No.

Name(Date of birth)

Career summary, position and responsibilities(Significant concurrent positions outside the Company)
Apr. 19778Notes:

Number of theCompany’s shares
ownedJoined The Sumitomo Bank, Limited (nowSumitomo Mitsui Banking Corporation)
May 2005
Executive Officer of Sumitomo Mitsui Banking
CorporationMay 2008
Senior Managing Officer of Kansai Urban
Banking Corporation (now Kansai Mirai Bank,Limited)
June 2008
Senior Managing Director and Senior
Managing Officer of Kansai Urban Banking
Corporation
June 2011
Senior Managing Officer of The Royal Hotel,
Outside Director
Limited1,916
Keiji Takamasu
June 2012
Representative Director and Vice President of(March 2, 1953)
The Royal Hotel, Limited
Mar. 2015
Representative Director and Vice President of
The Royal Hotel, Limited, and Representative
Director and President of RIHGA Royal Hotel
Hiroshima, Limited, and Representative
Director and President of RIHGA Royal Hotel
Kokura, Limited
June 2017
Resigned from The Royal Hotel, Limited
June 2018
Director of the Company (present position)
Significant concurrent positions outside the Company
Representative Director, iBNet Co., Ltd.
[Reasons for nomination as candidate for Outside Director and outline of roles expected]
The Company has nominated Keiji Takamasu as a candidate for Outside Director since the Company expects him tocontinue serving as Outside Director and to provide the Company with his valuable opinions and advice on themanagement of the Company, and the appropriate direction for business execution from an independent standpoint for
the enhancement of a mid- and long-term shareholder value and corporate value based on his abundant experience andextensive knowledge on finance and corporate management obtained from key posts of financial institutions and hotelmanagement companies for many years.
[Tenure as Outside Director]
At the conclusion of this meeting, his tenure as an Outside Director of the Company will be three (3) years.
1. The Company engages in transactions such as goods procurement with Victoria Well Holdings Limited, the companywhere candidate for Director Toneri Kimbara serves as President.
2. There is no special interest between any of the other candidates and the Company.
3. The Company has entered into a directors and officers liability insurance contract with an insurance company, asprescribed in Article 430-3, Paragraph 1 of the Companies Act. The insureds are the Company’s officers and do not bear
the premiums. The insurance policy covers legal damages and court costs and other officer’s expenses that may be
incurred by the insured. If each of the candidates is elected, each of them will become insured under the policy.
4. Chohachi Goto, Noriaki Kumamoto and Keiji Takamasu are candidates for Outside Director. Pursuant to the Company’s
Articles of Incorporation and Article 427 Paragraph 1 of the Companies Act, the Company has concluded limited
liability agreements with them to limit their liability, provided that they have acted in good faith and without grossnegligence, to the extent defined by the laws and regulations. If each of their elections is approved, the Company plansto retain these limited liability agreements with each of them.
5. The Company has designated Chohachi Goto, Noriaki Kumamoto and Keiji Takamasu as Independent Officers inaccordance with the rules of the Tokyo Stock Exchange, and has registered them as such at the exchange. If each of theirelections is approved, the Company plans for their appointment as Independent Officers to continue.

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