Securities Code 9678
January 4, 2021
To Our Shareholders
1-19, Odori Higashi 3-chome
Chuo-ku, Sapporo, Hokkaido
060-0041, Japan
Tetsuo Kanamoto, President

Notification and Invitation to the 56th Regular General Meeting of the Shareholders
On behalf of the company, I would like to express our sincere appreciation for your continuing
support.
It is a pleasure to send you notification of the 56th Regular General Meeting of the Shareholdersof Kanamoto Company, Ltd., which will be convened at the time and location indicated below.
If you are unable to attend the Meeting, please take a few moments to read the following
reference documents for the General Meeting of the Shareholders, and exercise your voting rights
by using either of the procedures indicated below.
[To exercise your shareholder voting rights in writing (by mail)]Shareholders who wish to exercise their voting rights using the Form for Exercising Voting Rights arerequested to use the enclosed form to cast an affirmative or negative vote regarding the resolutions presented
for approval. Please sign your voting form and return it to us by 5:00 p.m. on Wednesday, January 27, 2021
(Japan time).
[To exercise your shareholder voting rights by Internet]
Shareholders who wish to exercise their voting rights using the Internet are requested to exercise their voting
rights to cast an affirmative or negative vote regarding the resolutions presented for approval by 5:00 p.m. on
Wednesday, January 27, 2021 (Japan time).
◎ Please refer to the Instructions When Exercising of Voting Rights Using the Internet, etc. provided below onPage 17 to 18.

1. Date and Time
2. Location

Thursday, January 28, 2021, 10:00 a.m. (Reception desk will open from 9:00 a.m.)
11-1 Nishi, Kita 1-jo, Chuo-ku, Sapporo, Hokkaido, Japan
Royton Sapporo, 3rd Floor “Royton Hall”

3. Purpose and Topics of the Meeting
Matters to be reported
1. Report of Business Operations and the Consolidated Financial Statements, and the Report on
Results of the Audit by the Accounting Auditor and the Board of Corporate Auditors on theConsolidated Financial Statements, for the 56th Business Period (from November 1, 2019 to
October 31, 2020)
2. Report of the Company Financial Statements for the 56th Business Period (from November 1, 2019
to October 31, 2020)
Resolutions to be presented for Shareholder Approval
Resolution #1 Appointment of fourteen (14) individuals to position of Director
Resolution #2 Determination of remuneration for granting restricted shares to Directors (excluding Outside
Directors)－1－◎ Exercise of voting rights by proxy

When you will exercise your voting rights by proxy, one (1) other shareholder with voting rights can attend theGeneral Meeting of the Shareholders as your representative. However, your proxy will be required to present
documentation to verify he/she has the authority to vote on your behalf.

◎ When attending the General Meeting of the Shareholders on the scheduled date, please submit the enclosed

Form for Exercising Voting Rights at the reception desk on the meeting date.
◎ As part of the documents to be provided to shareholders when issuing this notification to convene a Regular
General Meeting of the Shareholders, information pertaining to matters that should be disclosed in the Notes to
the Consolidated Financial Statements and Notes to the Company Financial Statements will be provided toshareholders in the form of documents available on Kanamoto’s Internet website [https://www.kanamoto.ne.jp]
based on laws and regulations and Article 16 of Kanamoto’s Articles of Incorporation.
In addition to the matters described in the enclosed 56th Business Period Report of Business Operations, thematters that should be disclosed as Notes to the Consolidated Financial Statements and Notes to the Company
Financial Statements are included as well in the Consolidated Financial Statements and Company Financial
Statements that were audited when the Board of Corporate Auditors prepared its Audit Report and the Accounting
Auditor prepared its Audit Report, respectively.
In the event of revisions to the Reference Documents for the General Meeting of the Shareholders described
below and the Report of Business Operations or Consolidated Financial Statements and the Company Financial
Statements described in the 56th Business Period Report of Business Operations, the Company will publish thechanges on its Internet website [https://www.kanamoto.ne.jp].
<Please be sure to read>

Request to voluntarily refrain from attending the General Meeting of the Shareholders toprevent the spread of COVID-19
To prevent the spread of the novel coronavirus disease (COVID-19) we strongly ask that all shareholders refrainfrom attending the General Meeting of the Shareholders. We ask that you exercise your voting rights in writing or
by using the Internet.
The Company will be taking the following measures with regard to the holding and operating of the General
Meeting of the Shareholders to prevent the spread of COVID-19. We appreciate your understanding andcooperation.
• The staff at the meeting will be wearing masks.
• Alcohol-based hand sanitizer will be placed at the entrance of the meeting venue. All shareholders who attend
the meeting are requested to bring and wear a mask.
• Because shareholders attending the meeting will be seated with spacing kept between each other in themeeting room, we ask that you follow the directions of the meeting staff.
• Because of the extra spacing between seats, the number of seats available at the venue will be much fewer
compared with usual years. As a result, it is possible that some shareholders who come to the venue on thedate of the meeting may be refused entry.
• Shareholders who display symptoms such as a fever or cough and shareholders who exhibit other states ofpoor health may be refused entry to the venue. In addition, the meeting staff may check the temperature ofshareholders who come to the venue.
• The Company’s officers attending the meeting may be wearing masks.
• The Company plans to omit detailed explanations of the matters to be reported (including the audit reports)
and the resolutions to be presented to shorten the length of the meeting.
Note: If the above responses are updated before the meeting due to the situation regarding the spread of
infection, details of announcements made by the government, etc., such information will be published on
Kanamoto’s Internet website [https://www.kanamoto.ne.jp]. Therefore, please be sure to check the website
for any updates.

－2－

Reference Documents for the General Meeting of the Shareholders
Resolution #1 Appointment of fourteen (14) individuals to position of Director
The term of office of twelve (12) Company Directors will terminate at the conclusion of theRegular General Meeting of the Shareholders.
Therefore, the Company is requesting approval to appoint fourteen (14) individuals to the positionof Directors for the purpose of strengthening the management structure.
Information on the candidates for Director is provided below.
NomineenumberName

GenderPosition and duties at Kanamoto
Chairman of the Board andRepresentative Director

Attribute of candidate

1

Kanchu Kanamoto

Male

2

Tetsuo Kanamoto

Male

3

Hitoshi Narita

Male

4

Tatsuo Kanamoto

Male

5

Kazunori Hashiguchi

Male

6

Akira Sannomiya

Male

7

Jun Watanabe

Male

8

Shun Hirose

Male

9

Hideaki Yamashita

Male

Corporate Officer, Division Manager,
Overseas Business Division

Newappointment

10

Susumu Naito

Male

Outside Director

Reappointment

OutsideIndependent

11

Eiji Arita

Male

Outside Director

Reappointment

OutsideIndependent

12

Motoki Yonekawa

MaleOutside Director

Reappointment

OutsideIndependent

13

Ayako Tabata

FemaleOutside Director

Reappointment

OutsideIndependent

14

Tetsuya Okawa

Male

Newappointment

OutsideIndependent

President and CEO, Corporate
Officer, Executive Division Manager,
Business Coordination Headquarters
Director, Corporate Officer, Division
Manager, Business Administration
Division
Director, Corporate Officer
Division Manager, Construction
Equipment Rental Division serving
concurrently as Regional Manager,
Construction Equipment Rental
Division Hokkaido Regionand Manager in charge of SteelSales Division
Director, Corporate Officer, Division
Manager, Human Resources Division
serving concurrently as General
Manager, Business Development
OfficeCorporate Officer, Regional Manager,
Construction Equipment Rental
Division West Japan Region andKyusyu Region
Corporate Officer, Division Manager,
Construction Equipment Rental
Division National Special Demand
Sales Division and Manager incharge of New Products Office
Corporate Officer, Division Manager,
Administration Division serving
concurrently as General Manager,
Public Relations Office and General
Manager, Secretary Office―－3－

Reappointment
Reappointment

Reappointment

Reappointment

Reappointment

Newappointment

Newappointment

Newappointment

Nominee
numberKanchu Kanamoto(November 29, 1946)[Reappointment]

1

Employment history and position and duties at Kanamoto(Main concurrent positions at other entities)

Name(Date of birth)

April 1973
November 1981
January 1990
April 1996
June 1998
January 2001
November 2016

Joined Kanamoto Co., Ltd.
Promoted to Director
Promoted to Executive Director
Promoted to Executive Vice President
Promoted to President and CEO
Promoted to Corporate Officer
Promoted to Chairman of the Board andRepresentative Director (Present position)[Main concurrent positions at other entities]
Chairman of the Board, Kanamoto (China) Investment Co., Ltd.
[The reason that the Company has proposed Kanchu Kanamoto as a candidate for Director]
He has extensive experience and expertise regarding the business activities of the Company
through executing the duties of Chairman of the Board and Representative Director of theCompany. From the perspective of promoting the sustainable growth of the Company andenhancing the medium- to long-term corporate value, the Company has judged him to be suitable
as a director of the Company and has continued to appoint him as a candidate for director.
Number of shares of Kanamotostock owned

Number of years in office489,100 shares

39years
January 1983
September 2000
April 2001
November 2002

Tetsuo Kanamoto(May 21, 1960)[Reappointment]

January 2004
June 2005
April 2012
November 2014
November 2016

2

Attendance at Board of
Directors meetings
6/6

Joined Kanamoto Co., Ltd.
Regional Manager, Construction Equipment
Rental Division Kanto Region
Promoted to Corporate Officer
Division Manager, Construction Equipment
Rental Division
Promoted to Director
Executive Division Manager, Business
Coordination Headquarters (Present
position)
Promoted to Senior Corporate Officer
Promoted to Senior Vice President andCorporate Officer
Promoted to President and CEO andCorporate Officer (Present position)[Main concurrent positions at other entities]
President and Representative Director, Toyo Industry Co., Ltd.
Chairman of the Board and Representative Director, Unite Co., Ltd.
Chairman of the Board and Representative Director, KG Flowtechno Co., Ltd.
President and Representative Director, SOOKI HOLDINGS Co., Ltd.
Chairman of the Board, KANAMOTO (HK) CO., LTD.
Representative Director, Kanamoto & JP Nelson Equipment (S) PTE. Ltd.
President and Representative Director, Kanamoto Australia Holdings Pty Ltd[The reason that the Company has proposed Tetsuo Kanamoto as a candidate for Director]
He has extensive experience and expertise regarding the business activities of the Company
through executing the duties of President and CEO, and as well as the duties of the division
manager of a Business Division. From the perspective of promoting the sustainable growth of
the Company and enhancing the medium- to long-term corporate value, the Company has
judged him to be suitable as a director of the Company and has continued to appoint him as a
candidate for director.
Number of shares of Kanamotostock owned

Number of years in office

12,487 shares

17years－4－

Attendance at Board of
Directors meetings
6/6

Nominee
number

Employment history and position and duties at Kanamoto(Main concurrent positions at other entities)

Name(Date of birth)

Hitoshi Narita(July 10, 1957)[Reappointment]

November 1981
January 2000
January 2001
January 2004

3

Joined Kanamoto Co., Ltd.
Division Manager, Business Planning Division(now Business Administration Division)(Present position)
Promoted to Corporate Officer (Present
position)
Promoted to Director (Present position)[Main concurrent positions at other entities]
President and Representative Director, Kanatech Co., Ltd.
[The reason that the Company has proposed Hitoshi Narita as a candidate for Director]
He has extensive experience and expertise regarding the business activities of the Company
through executing the duties of the division manager of the Management Planning Division.
From the perspective of promoting the sustainable growth of the Company and enhancing the
medium- to long-term corporate value, the Company has judged him to be suitable as a directorof the Company and has continued to appoint him as a candidate for director.
Number of shares of Kanamotostock owned

Number of years in office7,000 shares

17years
April 1994
April 2001
January 2003
April 2003
April 2005

Tatsuo Kanamoto(February 2, 1962)[Reappointment]

January 2007
February 2012
February 2014
February 2016

4

April 2016
November 2016

Attendance at Board of
Directors meetings
6/6

Joined Kanamoto Co., Ltd.
Regional Manager, Construction Equipment
Rental Division Kinki-Chubu Region
Promoted to Corporate Officer (Present
position)
Regional Manager, Construction Equipment
Rental Division Tohoku Region
Regional Manager, Construction Equipment
Rental Division Hokkaido Region (Present
position)
Promoted to Director (Present position)
Promoted to Deputy Division Manager,
Construction Equipment Rental Division
General Manager, Steel Sales Division
Manager in charge of Steel Sales Division(Present position)
Regional Manager, Construction Equipment
Rental Division Kanto & Koshinetsu Region
Division Manager, Construction Equipment
Rental Division (Present position)[The reason that the Company has proposed Tatsuo Kanamoto as a candidate for Director]
He has extensive experience and expertise regarding the business activities of the Company
through executing the duties of the division manager of the Construction Equipment Rental
Division and the general manager of the Steel Sales Division. From the perspective of promoting
the sustainable growth of the Company and enhancing the medium- to long-term corporate
value, the Company has judged him to be suitable as a director of the Company and has
continued to appoint him as a candidate for director.
Number of shares of Kanamotostock owned

Number of years in office90,000 shares

14years－5－

Attendance at Board of
Directors meetings
6/6

Nominee
number

Employment history and position and duties at Kanamoto(Main concurrent positions at other entities)

Name(Date of birth)January 2012

April 2012
Kazunori Hashiguchi(March 28, 1960)[Reappointment]

November 2013

February 2016

5

November 2018

Joined Kanamoto Co., Ltd. and appointed
Corporate Officer (Present position)
Assistant to General Manager, Business
Coordination Headquarters
Promoted to Director (Present position)
Division Manager, Information Products
Division
Division Manager, Business Development
Division (now General Manager, Business
Development Office) (Present position)
Manager in charge of New Products Officeserving concurrently as Manager in charge ofConstruction Equipment Rental Division
Event Marketing Division
Manager in charge of Information Products
Division
Division Manager, Human Resources Division(Present position)[The reason that the Company has proposed Kazunori Hashiguchi as a candidate for Director]
He has extensive experience and expertise regarding the business activities of the Company
through executing the duties of the assistant general manager of a Business Division and thedivision manager of the Information Products Division and the Market Development Division.
From the perspective of promoting the sustainable growth of the Company and enhancing the
medium- to long-term corporate value, the Company has judged him to be suitable as a directorof the Company and has continued to appoint him as a candidate for director.
Number of shares of Kanamotostock owned

Number of years in office1,400 shares

9yearsMarch 1988
May 2012
April 2016

Akira Sannomiya(February 22, 1965)[Newappointment]

November 2019
November 2020

6

Attendance at Board of
Directors meetings
6/6

Joined Kanamoto Co., Ltd.
General Manager Affiliated Business Office
Regional Manager, Construction Equipment
Rental Division Kansai & Tyubu Region(nowWest Japan Region) (Present position)
Promoted to Corporate Officer (Present
position)
Regional Manager, Construction Equipment
Rental Division Kyusyu Region (Present
position)[The reason that the Company has proposed Akira Sannomiya as a candidate for Director]
He has extensive experience and expertise regarding the business activities of the Company
through executing the duties of the regional manager of the Construction Equipment Rental
Division. From the perspective of promoting the sustainable growth of the Company andenhancing the medium- to long-term corporate value, the Company has judged him to be suitable
as a director of the Company and has newly appointed him as a candidate for director.
Number of shares of Kanamotostock owned

Number of years in office

9,681 shares－－6－

Attendance at Board of
Directors meetings－

Nominee
number

Employment history and position and duties at Kanamoto(Main concurrent positions at other entities)

Name(Date of birth)

September 1990
May 2006
Jun Watanabe(January 2, 1970)[Newappointment]

January 2017
November 2018

7

Joined Kanamoto Co., Ltd.
Division Manager, Construction Equipment
Rental Division National Special Demand
Sales Division (Present position)
Promoted to Corporate Officer (Present
position)Manager in charge of New Products Office(Present position) serving concurrently asManager in charge of Construction
Equipment Rental Division Event Marketing
Division[The reason that the Company has proposed Jun Watanabe as a candidate for Director]
He has extensive experience and expertise regarding the business activities of the Company
through executing the duties of the division manager of the National Special Demand Sales
Division. From the perspective of promoting the sustainable growth of the Company and enhancing
the medium- to long-term corporate value, the Company has judged him to be suitable as adirector of the Company and has newly appointed him as a candidate for director.
Number of shares of Kanamotostock owned

Number of years in office

4,691 shares－
April 1988
April 2013
April 2016

Shun Hirose(July 1, 1964)[Newappointment]

June 2018
November 2018

January 20198

Attendance at Board of
Directors meetings－

Joined The Industrial Bank of Japan, Limited(now Mizuho Bank, Ltd.)
General Manager, Qingdao Branch, Mizuho
Corporate Bank (China), Ltd. (now Mizuho
Bank (China), Ltd.)
General Manager, China Business Promotion
Department, Mizuho Bank, Ltd.
Advisor, Kanamoto Co., Ltd.
Joined Kanamoto Co., Ltd. and appointed
Corporate Officer (Present position)
Acting Division Manager, Administration
Division
Division Manager, Administration Division
serving concurrently as General Manager,
Public Relations Office and General Manager,
Secretary Office (Present position)[The reason that the Company has proposed Shun Hirose as a candidate for Director]
He has knowledge in the fields of banking and finance through serving in positions of responsibility
in Mizuho Bank Ltd. as well as extensive experience and expertise regarding the business activitiesof the Company through executing the duties of the division manager of the Administration
Division, Public Relations Division, and the Secretarial Office of the Company. From the perspectiveof promoting the sustainable growth of the Company and enhancing the medium- to long-term
corporate value, the Company has judged him to be suitable as a director of the Company and has
newly appointed him as a candidate for director.
Number of shares of Kanamotostock owned

Number of years in office831 shares－－7－

Attendance at Board of
Directors meetings－

Nominee
number

Employment history and position and duties at Kanamoto(Main concurrent positions at other entities)

Name(Date of birth)

April 1988
September 2011
April 2015
Hideaki Yamashita(June 15, 1965)[Newappointment]

9

February 2017
June 2018
November 2018

January 2019

Joined The Bank of Tokyo, Ltd. (now MUFG
Bank, Ltd.)
Deputy President, Bank of Tokyo-Mitsubishi
UFJ (Malaysia) Berhad (now MUFG Bank
(Malaysia) Berhad)
General Manager, Aoyamadori Branch, The
Bank of Tokyo-Mitsubishi UFJ, Ltd.
General Manager, Akasaka Branch, The Bankof Tokyo-Mitsubishi UFJ, Ltd.
Advisor, Kanamoto Co., Ltd.
Joined Kanamoto Co., Ltd. and appointed
Corporate Officer (Present position)
Acting Division Manager, Overseas Business
Division
DivisionManager,
Overseas
Business
Division (Present position)[The reason that the Company has proposed Hideaki Yamashita as a candidate for Director]
He has knowledge in the fields of banking and finance through serving in positions of responsibility
in MUFG Bank Ltd. as well as extensive experience and expertise regarding the business activitiesof the Company through executing the duties of the division manager of the Overseas Business
Office of the Company. From the perspective of promoting the sustainable growth of the Company
and enhancing the medium- to long-term corporate value, the Company has judged him to besuitable as a director of the Company and has newly appointed him as a candidate for director.
Number of shares of Kanamotostock owned

Number of years in office405 shares－－8－

Attendance at Board of
Directors meetings－

Nominee
number

Employment history and position and duties at Kanamoto(Main concurrent positions at other entities)

Name(Date of birth)

April 1990
November 2011
May 2012

March 2013
January 2016
Susumu Naito(July 4, 1967)[Reappointment][Candidate for Outside
Director][Independent Officer]

January 2017

June 2018
January 201910

Joined ORIX Corporation
General Manager, Electric Power Business
Department, ORIX Corporation
General Manager, Electric Power Business
Department, ORIX Corporation
Promoted to President, ORIX Electric Power
Corporation
General Manager, Sales Department I, ORIX
Corporation
Trustee, Deputy Head, Tokyo Sales
Headquarters, General Manager, Sales
Department I, ORIX Corporation
Trustee, Deputy Head, Eastern Japan Sales
Headquarters, ORIX Corporation (Present
position)
President and Representative Director, ORIX
Food Supply Corporation
Outside Director, Kanamoto Co., Ltd.
(Present position)
Director, Hyakugo Leasing Company Limited
Senior Managing Executive Officer, General
Manager of Lease Sales Division, Manager incharge of Fleet Management Department, ,and Supervising Manager of Truck Rental
Division, ORIX Auto Corporation (Present
position) and Risk Consulting Department
and Purchasing Department[The reason that the Company has proposed Susumu Naito as a candidate for Outside Director]
Since he has successively held responsible positions in ORIX Corporation, and furthermore, hasgained experience of management of its subsidiary, he can use his extensive experience andknowledge cultivated to contribute to the management of the Company and provide appropriate
advice from a broad viewpoint concerning the Company’s business activities.
[Matters concerning independency]
He has fulfilled the requirements of the “criteria for judging the independence of outside
directors,” set forth by the Company, and the Company has notified the Tokyo Stock Exchange
and Sapporo Securities Exchange, the exchanges on which Kanamoto’s shares are listed, of theposition of Susumu Naito as an “independent officer” as provided by the rules etc. of bothexchanges.
The amount of transactions between the Company and the ORIX Group where he works is not
more than 0.1% of the ORIX Group’s and the Company’s respective consolidated sales in thelast fiscal year. Therefore, this has no impact on his independence.
Number of shares of Kanamotostock owned

Number of years in office
4years－－9－

Attendance at Board of
Directors meetings
5/6

Nominee
number

Employment history and position and duties at Kanamoto(Main concurrent positions at other entities)

Name(Date of birth)

April 1989
March 2005
March 2009
June 2009
March 2013
Eiji Arita(April 17, 1966)[Reappointment][Candidate for Outside
Director][Independent Officer]

March 2015
January 2017
January 2019
April 2019
June 2019
January 2020

11

Joined ORIX Corporation
Branch Manager, Kofu Branch Office, ORIX
Corporation
Branch Manager, Saitama Branch Office,
ORIX Corporation
Director of Japan Medicare Support Co., Ltd.
(now UNIMAT Retirement Community Co.,Ltd.)
Block Manager, Integrated Central Block No.
2, ORIX Corporation
Block Manager, Central Block, ORIX
Corporation
Administrative Officer, Deputy General
Manager, Eastern Japan Sales Division, ORIX
Corporation
Executive Officer, Deputy General Manager,
Corporate Sales Division, ORIX Corporation,
Regional Sales Representative
Director, Kyuko-Lease Inc. (Present position)
Director, Torigin Lease Inc. (Present position)
Executive Officer, Deputy General Manager,
Corporate Sales Division (General Manager
of Domestic Sales Division), ORIX
Corporation (Present position)
Outside Director, Kanamoto Co., Ltd.
(Present position)[The reason that the Company has proposed Eiji Arita as a candidate for Outside Director]
Since he has successively held responsible positions in ORIX Corporation, he can use his
extensive experience and knowledge cultivated to contribute to the management of theCompany and provide appropriate advice from a broad viewpoint concerning the Company’sbusiness activities.
[Matters concerning independency]
He has fulfilled the requirements of the “criteria for judging the independence of outside
directors,” set forth by the Company, and the Company has notified the Tokyo Stock Exchange
and Sapporo Securities Exchange, the exchanges on which Kanamoto’s shares are listed, of theposition of Eiji Arita as an “independent officer” as provided by the rules etc. of both exchanges.
The amount of transactions between the Company and the ORIX Group where he works is not
more than 0.1% of the ORIX Group’s and the Company’s respective consolidated sales in thelast fiscal year. Therefore, this has no impact on his independence.
Number of shares of Kanamotostock owned

Number of years in office
1years－－10－

Attendance at Board of
Directors meetings
5/5Nominee
numberMotoki Yonekawa(December 22, 1946)[Reappointment][Candidate for Outside
Director][Independent Officer]

12

Employment history and position and duties at Kanamoto(Main concurrent positions at other entities)

Name(Date of birth)

May 1985
April 1996
April 2007
September 2011
January 2016

Vice President, Sapporo Hokuyu Hospital
President, Sapporo Hokuyu Hospital of
Medical Corporation Hokuyukai
Chairperson, Specified Medical Corporation
Hokuyukai
Chairperson, Social Medical Corporation
Hokuyukai (Present position)
Outside Director, Kanamoto Co., Ltd.
(Present position)[The reason that the Company has proposed Motoki Yonekawa as a candidate for Outside
Director]
Although he has not participated in corporate management, he can use his experience andknowledge as an executive at a medical institute, which is in an industry different to that inwhich the Company operates, to contribute to the management of the Company and provide
appropriate advice from a broad viewpoint concerning the Company’s business activities.
[Matters concerning independency]
He has fulfilled the requirements of the “criteria for judging the independence of outside
directors,” set forth by the Company, and the Company has notified the Tokyo Stock Exchange
and Sapporo Securities Exchange, the exchanges on which Kanamoto’s shares are listed, of theposition of Motoki Yonekawa as an “independent officer” as provided by the rules etc. of bothexchanges.
He currently serves as Chairperson of the Social Medical Corporation Hokuyukai, but there areno transactions between the Corporation and the Company. Therefore, this has no impact on his
independence.
Number of shares of Kanamotostock owned

Number of years in office
5years－April 2000
Ayako Tabata(December 3, 1974)[Reappointment][Candidate for Outside
Director][Independent Officer]

October 2002
May 2009
May 2019
January 202013

Attendance at Board of
Directors meetings
5/6

Registered with the Sapporo Bar Association(joined Motohiro Asano Law Office)Director, Lavender Law Office (Present
position)
Director, The Medical Malpractice Information
Center (Present position)
Deputy Representative, Sapporo Medical
Malpractice Study Group (Present position)
Outside Director, Kanamoto Co., Ltd.
(Present position)[The reason that the Company has proposed Ayako Tabata as a candidate for Outside Director]
Although she has not participated in corporate management, she can use her extensive experienceand knowledge developed as an attorney-at-law to contribute to the management of the Company
and provide appropriate advice from a broad viewpoint concerning the Company’s businessactivities.
[Matters concerning independency]
She has fulfilled the requirements of the “criteria for judging the independence of outside
directors,” set forth by the Company, and the Company has notified the Tokyo Stock Exchange
and Sapporo Securities Exchange, the exchanges on which Kanamoto’s shares are listed, of theposition of Ayako Tabata as an “independent officer” as provided by the rules etc. of bothexchanges
She currently serves as Director of Lavender Law Office, but there are no consultancy
agreements or transactions between said firm and the Company. Therefore, this has no impact
on her independence.
Number of shares of Kanamotostock owned

Number of years in office
1years－－11－

Attendance at Board of
Directors meetings
5/5Nominee
number

Employment history and position and duties at Kanamoto(Main concurrent positions at other entities)

Name(Date of birth)

April 1992
April 1998

Tetsuya Okawa(January 12, 1966)[Newappointment][Candidate for Outside
Director][Independent Officer]

April 2008
October 2012
April 2013
October 2013
April 2015
April 2017
April 2018
April 2020

14

Registered with the Sapporo Bar Association
Joined AKIO HASHIMOTO LAW OFFICE
Partner, HASHIMOTO OKAWA LAW OFFICE(Present position)
Vice President, Sapporo Bar Association
Vice President, Children’s Shelter Rera Pirka(Non-Profit Organization) (Present position)
Specially Appointed Professor, Graduate
School of Law, Hokkaido University
Member, HOKKAIDO PERSONNEL
COMMISSION
Executive Governor, Hokkaido Federation of
Bar Associations
President, Sapporo Bar Association
President, Hokkaido Federation of Bar
Associations
Vice President, Japan Federation of Bar
Associations (Present position)[The reason that the Company has proposed Tetsuya Okawa as a candidate for Outside Director]
Although he has not participated in corporate management, he can use his extensive experienceand knowledge developed as an attorney-at-law to contribute to the management of the Company
and provide appropriate advice from a broad viewpoint concerning the Company’s businessactivities.
[Matters concerning independency]
He has fulfilled the requirements of the “criteria for judging the independence of outside
directors,” set forth by the Company, and the Company intends to notify the Tokyo Stock
Exchange and Sapporo Securities Exchange, the exchanges on which Kanamoto’s shares arelisted, of the position of Tetsuya Okawa as an “independent officer” as provided by the rules etc.
of both exchanges.
The Company has entered into a client contract with the law office which he is the Director of.
However, the remuneration fee under that contract is of a small amount and therefore, has no
impact on his independence.
Number of shares of Kanamotostock owned

Number of years in office－－Attendance at Board of
Directors meetings－(Notes) 1. There are no special interests between the candidates for Director and the Company.
2. Susumu Naito, Eiji Arita, Motoki Yonekawa, Ayako Tabata and Tetsuya Okawa are candidates for Outside Director.
3. To enable its outside director to sufficiently demonstrate the role expected of them, the Company has set forth aprovision in its Articles of Incorporation that enables the Company to enter into a contract (Contract of Limitation of
Liability) with each Outside Director to the effect that, when circumstances correspond to the requirements provided
in laws and regulations concerning liability for damages under Article 423 paragraph (1) of the Companies Act, said
liability for damages shall be limited to the total maximum liability for damages provided in laws and regulations, andat the present time the Company has entered into a Contract for Limitation of Liability with each Outside Director. The
Company plans to continue these contracts if the reappointment of Susumu Naito, Eiji Arita, Motoki Yonekawa andAyako Tabata is approved, and plans to enter into identical contracts for limitation of liability if the appointment of
Tetsuya Okawa is approved.
4. Ayako Tabata’s name on the family registry is Ayako Kanno.
5. The details of “criteria for judging the independence of outside directors” set forth by the Company are stated on Page
13.

－12－

[Criteria for Judging the Independence of Outside Directors]
The Company has established the following Criteria for Judging the Independence of Outside Directors:(1)

A person who is not a director involved in executing business operations, an executive officer, corporate
officer, manager, auditor, or other employee of the Company or a consolidated subsidiary, or has not been
executing business at the Company or a consolidated subsidiary within the previous ten years;(2)

A person who is not a business partner who has received payments from the Company or a consolidated
subsidiary or made payments to the Company or a consolidated subsidiary within the most recent threefiscal years equivalent to more than 2% of either of the party’s consolidated sales, or a person who is not
currently executing business at that company or has done so within the past three years;(3)

A person who is not a specialist, such as a consultant, accounting professional or legal profession (or if thespecialist is an institution, a person belonging to said institution) who received monetary or othercompensation, other than director compensation, equivalent to 10 million yen or more per year on average
from the Company within the last three fiscal years, or has received payments from the Company or any of
its consolidated subsidiaries equivalent to 2% or more of the office’s total sales;(4)

A person who is not a spouse or relative within the second degree of kinship of, a director, an executive
officer or corporate officer of the Company, or a consolidated subsidiary, or a person deemed to be
insufficiently independent based on the conditions stipulated in (2) or (3) above;(5)

A person who is not a major shareholder of the Company holding 10% or more of the current total voting
rights or a person executing the business of a major shareholder;(6)

A person who is not a director, corporate auditor, accounting advisor, executive officer, or corporate officer of
a company that accepts directors or auditors from the Company or a consolidated subsidiary, its parent
company, or subsidiary; or(7)

A certified public accountant (or certified tax accountant) or staff, partner, or employee of the auditing
corporation (or certified tax accounting firm) serving as the Company’s or a consolidated subsidiary’s
accounting auditor or accounting advisor, or a person who has been in charge of auditing operations for theCompany or a consolidated subsidiary within the past three years.

－13－

Resolution #2 Determination of remuneration for granting restricted shares to Directors(excluding Outside Directors)
At the 26th Regular General Meeting of the Shareholders held on January 24, 1991, shareholders
approved the amount of remuneration, etc. for Directors shall not exceed ￥240 million per annum(excluding salaries and bonuses received as an employee).
The Company hereby proposes the new remuneration for granting restricted shares to Directors(excluding Outside Directors) of the Company (hereinafter “Eligible Directors”) in order to provide
them an incentive to sustainably increase the Company’s corporate value and to further promoteshared value between shareholders and them, separate to the remuneration limit stated above, aspart of the revision of the remuneration plan for Directors.
The remuneration to be paid for granting restricted shares to Eligible Directors in accordance withthe resolution hereby presented shall be monetary claims (hereinafter “Monetary Remuneration
Claims”) and the total amount shall be not more than ￥100 million per year, as an amountconsidered appropriate, taking into consideration the above objectives. The specific timing andallocation of payment to individual Eligible Directors shall be determined by the Board of Directors.
Note, however, that remuneration for granting restricted shares shall not be provided to Outside
Directors.
Furthermore, the above limit on remuneration amount shall not include the employee portion ofsalaries.
At present, there are 12 Directors (of which there are four Outside Directors) of the Company. If
Resolution #1, “Appointment of fourteen (14) individuals to position of Director,” is approved andadopted as proposed, there will be 14 Directors (of which there will be five Outside Directors) of
the Company.
Pursuant to a resolution of the Board of Directors of the Company, Eligible Directors shall makecontributions in-kind of all of the Monetary Remuneration Claims received in accordance with theresolution hereby presented to have common shares of the Company issued or disposed of, andthe total number of common shares thereby issued or disposed of shall be 50,000 shares or lessper year (provided that, if a split or consolidation of common shares of the Company (including
allotment without contribution of common shares of the Company) is conducted on or after the
day on which this resolution is approved or if any other necessity arises to adjust the total numberof common shares of the Company issued or disposed of as restricted shares, the said total
number shall be adjusted within a reasonable range).
The amount to be paid in per share in regard to this will be determined by the Board of Directors
based on the closing price of the Company’s common shares on the Tokyo Stock Exchange on thebusiness day immediately preceding each date of resolution of the Board of Directors (if notransaction is made on that date, the closing price of the most recent trading day preceding that
date) within the range in which the price may not be particularly advantageous to Eligible
Directors who subscribe to the relevant common shares. Moreover, when issuing or disposing of
the Company’s common shares, an agreement on the allotment of restricted shares including thefollowing provisions (hereinafter the “Allotment Agreement”) shall be concluded between the
Company and Eligible Directors.
(1) Transfer restriction period
Transfer restrictions shall be imposed on Eligible Directors (hereinafter “Transfer Restrictions”)
whereby they shall not transfer, create a security interest on, or otherwise dispose of thecommon shares of the Company they receive under the Allotment Agreement (hereinafter“Allotted Shares”) for the period specified in advance by the Board of Directors of the Company(hereinafter “Restriction Period”), which shall be a period of between three years and 30 years
from the date on which shares are allotted under the Allotment Agreement.
－14－

(2) Treatment upon retirement
If an Eligible Director retires from the position specified for a justifiable reason in advance by
the Board of Directors before the Restriction Period expires, the Company shall automaticallyacquire the relevant Allotted Shares without contribution, unless the reason for his/her
retirement from office is the expiration of the term of office, death, or other reason the
Company’s Board of Directors deems justifiable.
(3) Lifting of transfer restriction
Notwithstanding the provision of (1) above, the Company shall lift the Transfer Restrictions of allof the Allotted Shares upon expiration of the Restriction Period, on the condition that the Eligible
Director has remained in the position specified in advance by the Board of Directors of theCompany throughout the Restriction Period. However, if, before the expiration of the Restriction
Period, the Eligible Director retires from the position stipulated in (2) above for a justifiablereason stipulated in (2) above (expiration of term of office, death, etc.), the Company shallmake reasonable adjustments as necessary to the number of the Allotted Shares subject to thelifting of Transfer Restrictions and the timing of the lifting of the Transfer Restrictions. Moreover,
the Company will automatically acquire the Allotted Shares without contribution on which theTransfer Restrictions have not been lifted immediately after the Transfer Restrictions have been
lifted in accordance with the above provisions.
(4) Treatment in case of a corporate reorganization
Notwithstanding the provision of (1) above, if, during the Restriction Period, matters relating toa merger agreement in which the Company is the disappearing company, a share exchange
agreement or share transfer plan in which the Company becomes a wholly owned subsidiary, orother reorganization, etc. are approved at the Company’s General Meeting of the Shareholders(or at a meeting of its Board of Directors in cases where approval at the Company’s General
Meeting of the Shareholders is not required in relation to the reorganization, etc.), the Company
shall lift the transfer restrictions on the Allotted Shares for the number of shares that isreasonably determined by resolution of the Board of Directors of the Company, considering theperiod from the start date of the Restriction Period to the date of approval of the reorganization,etc. prior to the date on which the reorganization, etc. becomes effective. In addition,
immediately after the Transfer Restrictions have been lifted in the case specified above, theCompany shall automatically acquire, without contribution, those Allotted Shares for which theTransfer Restrictions have not been lifted.
(5) Other matters
Other matters concerning the Allotment Agreement shall be determined by the Board of
Directors of the Company.

－15－

Guidance on Methods for Exercise of Voting Rights
The right to vote at the general meeting of shareholders is an important right enabling all shareholders toparticipate in the Company’s management. Please refer to the information below and exercise your voting rightusing one of the three methods below.
Attending the General Meeting of the Shareholders
Please submit the Form for Exercising Voting Rights at the reception desk (it does not need to besealed).
Date and time of the Meeting: Thursday, January 28, 2021, 10:00 a.m.
Mailing the Form for Exercising Voting Rights
Please mail the Form for Exercising Voting Rights after indicating your approval or disapproval ofeach resolution on the form.
Deadline: To be returned by Wednesday, January 27, 2021, 5:00 p.m.
Guidance on filling in the Form for Exercising Voting Rights
Please indicate your approval ordisapproval of each resolution here.

The login ID and temporary password
needed to exercise voting rights via theInternet are noted here.

[Resolution]
If you approve all candidates, put a circle in“approval” box.
If you disapprove all candidates, put a circle in“disapproval” box.
If you disapprove of some candidates, put a circle in“approval” box, and write the candidates’ number ofwhom you disapprove in the parenthesis.

* If attending the meeting on the scheduled date, exercising the voting right via mail or theInternet, etc. is unnecessary.
Exercise of voting rights using the Internet, etc.
Please access the voting rights exercise site (https://evote.tr.mufg.jp/), and input your votes
separately to approve or reject each proposal.
Deadline: Wednesday, January 27, 2021, 5:00 p.m.
Please refer to the following pages for details.

－16－

Scanning the QR CodeYou can log in the voting rights exercise site by scanning the QR Code without entering the login ID
and temporary password recorded on the Form for Exercising Voting Rights.
1. Scan the QR Code provided on the Form for Exercising Voting Rights.
Note: “QR Code” is a registered trademark of DENSO WAVE
INCORPORATED.

2. Follow the instructions on the screen to input your approval ordisapproval to each proposal.

You can use the QR Code only one time to log in.
To change your votes or exercise your voting rights without using the QR Code, refer to “Entering alogin ID and temporary password.”
Entering a login ID and temporary password
Voting rights exercise site: https://evote.tr.mufg.jp/ (Japanese only)
1. Access the voting rights exercise site.
2. Enter your login ID and temporary password recorded on the Form for
Exercising Voting Rights and click the login button.
Enter your login ID and temporary password.
Click the login button.

3. Register your new password.
Enter your new password.
Click the send button.

4. Follow the instructions on the screen to input your approval ordisapproval to each proposal.
Note: The operation screens shown are examples.
Please make inquiries to the help desk below with any questions.
< Inquiries concerning system environment, etc. >Mitsubishi UFJ Trust and Banking Corporation Transfer Agent Div. (Help Desk)
Telephone 0120-173-027 (Hours: 9:00-21:00, toll-free service in Japan only)
To institutional investors
The Company participates in electronic proxy voting platform for institutional investors operated by ICJ Inc.

－17－

Guide Map to the Venue for the 56th Regular General Meeting of the Shareholders

JR Hakodate
Main Line

SapporoExit 1

Royton Sapporo

Nishi 11 Chome

Odori Park
Subway Tozai Line

The ClockTower

Subway Toho Line

Hokkaido
Prefectural
OfficeSapporo

The TV
Tower

Hokkaido
University
Botanic Gardens

Subway Nanboku Line

Nitori Culture Hall

Ishiyama Street

SapporoMain Street Main Street(Odori(Odori)

Location:

11-1 Nishi, Kita 1-jo, Chuo-ku, Sapporo, Hokkaido, Japan
Royton Sapporo, 3rd Floor “Royton Hall”
Telephone (011) 271-2711 (Front Desk)<Nearest stations>
Subway Tozai Line West 11-chome Station Turn left after emerging from
Exit 1 at street level; the hotel is about 3 minutes on footJR Hokkaido Sapporo Station about 6 minutes by taxi<Your cooperation is requested>
We ask that attendees please use public transportation facilities
because parking will not be provided at the hotel. Your cooperation isappreciated.

1-19, Odori Higashi 3-chome, Chuo-ku, Sapporo, Hokkaido 060-0041, Japan－18－