This is a partial translation of the original Japanese “Convocation Notice of the 17th Ordinary
General Meeting of Shareholders”, prepared for the convenience of non-resident shareholders.
In case of any discrepancy between any part of this translation and the original Japanese text,
the Japanese original shall prevail. The Company assumes no responsibility for this translationor for direct, indirect or any other forms of damages arising from the translation.

Securities Code: 8377
June 1, 2020
Dear Shareholders:Eishin Ihori
President
Hokuhoku Financial Group, Inc.
1-2-26 Tsutsumicho-dori, Toyama-city, Toyama
Convocation Notice of the 17th Ordinary General Meeting of Shareholders
This is to inform you that the 17th Ordinary General Meeting of Shareholders of
Hokuhoku Financial Group, Inc. (“the Company”) will be held as described below.
If you are unable to attend the meeting, you may exercise your voting rights in writing orby electromagnetic method (using the Internet etc.). Please exercise voting rights after
careful examination of the Reference Documents for the General Meeting of Shareholders
contained herein by 5:00 p.m., Monday June 22, 2020.
1. Date and time:

June 23, 2020 (Tuesday) at 10:00 a.m.

2. Place:

6th floor Conference RoomHead office of The Hokuriku Bank, Ltd.
1-2-26 Tsutsumicho-dori, Toyama-city, Toyama

3. Agenda:
Matters to be reported:
The 17th business year (April 1, 2019 through March 31, 2020) Business Report, theNon-Consolidated Financial Statements, the Consolidated Financial Statements, and the
Audit Report on Consolidated Financial Statements by the Accounting Auditor and the
Audit and Supervisory Committee.
Matters to be resolved:
Proposal 1: Appropriation of Surplus
Proposal 2: Election of Seven (7) Directors (Excluding Directors serving as Audit andSupervisory Committee Members)-1-

4. Exercise of Voting Rights(1) If you attend the meeting, please present the enclosed Voting Rights Exercise Form to
the reception desk.
If you wish to exercise your voting rights through a proxy, you must appoint only one(1) proxy from shareholders with voting rights and submit a letter of attorney attachedwith the Voting Rights Exercise Form to the receptionist.
(2) If you are unable to attend the meeting, please exercise voting rights by any of thefollowing methods.
A. Exercise of Voting Rights in Writing
Please indicate your approval or disapproval of the proposals on the Voting Rights
Exercise Form enclosed herewith, and send back to arrive by 5:00 p.m., Monday June22, 2020.
No indication on the voting form of your approval or disapproval for any proposal
shall be treated as an indication of approval.
B. Exercise of Voting Rights by Electromagnetic Method (using the Internet, etc.)
Access the website for exercising voting rights specified by the Company(https://soukai.mizuho-tb.co.jp/) and exercise your voting rights by following thedirections on the screen. Your voting rights are to be exercised by 5:00 p.m., Monday
June 22, 2020.
In addition, on the occasion of exercise of voting rights via the Internet, pleaseconfirm "Guidance Notes on the Exercise of Voting Rights by the Internet" on page 3.
(3) Treatment of voting rights exercised multiple times
A. If you send Voting Rights Exercise Form multiple times, the last vote cast shall betreated as the valid vote.
B. Should you exercise your voting rights by completing the Voting Rights Exercise
Form and by using the designated electromagnetic method, the vote cast byelectromagnetic method shall be deemed to be the valid vote regardless of the time
the Voting Rights Exercise Form reaches us.
C. If you exercise your voting rights by electromagnetic method more than once, the lastvote cast shall be the valid vote.
(4) If any revisions are made to the Reference Documents for the Ordinary General
Meeting of Shareholders, the Business Report, the Non-Consolidated Financial
Statements and the Consolidated Financial Statements, the revisions will be posted on
the Company website (https://www.hokuhoku-fg.co.jp/).
(5) The reception desk opens at 9:00 a.m., Tuesday June 23, 2020.

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Guidance Notes on the Exercise of Voting Rights by the Internet
1. Exercise of Voting Rights via the Internet(1) In substitution for exercise of voting rights in writing, you may exercise your voting
rights via the Internet by accessing the website for exercising voting rights specified
by the Company (the following URL). When exercising your voting rights via theInternet, you will be required to enter the “Code for the Exercise of Voting Rights”
and the “Password” shown in the Voting Rights Exercise Form. Please follow thedirections on the screen.
Please note that you will be prompted to change password when you login following
website for the first time, to ensure security.

https://soukai.mizuho-tb.co.jp/(2)The “Code for the Exercise of Voting Rights” and the “Password” (including the
password changed by shareholders) are valid for this general meeting only. Please notethat new code and password will be issued for the next general meeting.
(3) The password is means to authenticate shareholders. Please note that the Company
does not and will not make any inquiries regarding your password.
(4) The password is locked when you fail to input it correctly more than the predetermined
times. When it is locked, please follow the guidance of the screen.
2.Attention(1) Please exercise your voting rights via the Internet by 5:00 p.m., June 22, 2020
(Monday).
(2) Should you exercise your voting rights by completing the Voting Rights Exercise
Form and by using the designated electromagnetic method, the vote cast byelectromagnetic method shall be deemed to be the valid vote regardless of the time the
Voting Rights Exercise Form reaches us. If you exercise your voting rights more thanonce, the last vote cast shall be the valid vote.
(3) The costs incurred for the access to the specified website to exercise voting rights shallbe borne by the shareholders.
3. For Inquiries with respect to the Exercise of Voting Rights via the Internet (only inJapan)
Stock Transfer Agency Department
Mizuho Trust and Banking Co., Ltd.
Telephone: 0120-768-524 (toll-free, only in Japan)
Operating Hours: 9:00 a.m. to 9:00 p.m. (excluding Saturdays, Sundays and Japanesenational holidays)
Reference: Exercise of Voting Rights via the electronic voting platform
Institutional investors may use the electronic voting platform for institutional investors
operated by Investor Communications Japan, Inc.

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Reference Documents
Proposal 1: Appropriation of Surplus
Our dividend policy is to ensure financial foundation and stable distribution of dividends,
based on the public function of financial services that our group companies provide. We
propose the year-end dividend of JPY40.00 per share for common shares, an decrease of
JPY4.00 per share over the previous fiscal year, considering the business results of thisfiscal year and accumulation of internal surplus preparing for the economic deterioration
due to COVID-19.
(1) Type of dividend property:

Cash(2) Matters concerning the allocation and total amount of dividend property：(Dividend per share)(Dividend amount)
Common shares¥40.00¥ 5,247,130,120
1st series Type 5 preferred shares¥7.50¥ 725,151,420
Total¥ 5,972,281,540(Notes) There were no interim dividends for common shares in the end of 2nd quarter. Interim
and year-end dividends for 1st series Type 5 preferred shares are JPY 7.50 per sharerespectively, as specified in advance. Interim dividend amount for 1st series Type 5
preferred shares is ¥ 805,723,800.

(3) Date on which dividends from surplus shall be effective:-4-

June 24, 2020(Wednesday)Proposal 2: Election of Seven (7) Directors (Excluding Directors serving as Audit
and Supervisory Committee Members)
The terms of office of all seven (7) Directors (excluding Directors serving as Audit andSupervisory Committee Members; hereinafter referred to as “Director” in this proposal)
will expire upon the conclusion of this Ordinary General Meeting of Shareholders.
Therefore, we propose the election of seven (7) Directors.
The Audit and Supervisory Committee has deliberated on this proposal and has notified
that each candidate is qualified for the position of Director of the Company.
The candidates for Directors are as follows:

CandidateNo.

Current Title in the
CompanyName

1

Eishin Ihori

Reappointment

President

2Masahiro Sasahara

Reappointment

Deputy President

3

Hidenori Mugino

Reappointment

Director

4

Yuji Kanema

Reappointment

Director

5

Hiroshi Nakazawa

Reappointment

Director

6

Masahiko Kobayashi

Reappointment

Director

7

Takayuki Kaji

Reappointment

Director

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No

1

Name (Date of birth)
Career Summary (Titles and Assignments in the Company and subsidiarybanks and concurrent positions of other organizations)Type and Numberof Shares of theCompany held

Common shares
Eishin Ihori (August 20, 1956)
Reappointment
11,800 shares
April 1979
Joined The Hokuriku Bank, Ltd.
June 2004
Senior Deputy General Manager of Planning Divisionof the said bank (Transferred to and in charge of theCompany)
General Manager of Planning Group andAdministration Group of the Company
June 2009
Director and Executive Officer of the said bank
Director of the Company (In charge of PlanningGroup and Administration Group)
June 2010
Managing Executive Officer of the said bankJune 2013
President and Representative Director of the said bank(present position)
President of the Company (present position)(Important concurrent position of other organization)
President and Representative Director of The Hokuriku Bank, Ltd.
(Reasons for election of the candidate for Director)
He is well-acquainted with the general business, and has abundant business experience,
having been engaged in corporate planning for a long time, as a member of the Group since1979. Moreover, he has abundant management experience as the President of the Company
and the President and Representative Director of The Hokuriku Bank, Ltd. The Company has
selected him as a candidate for Director because the utilization, as a member of the Board of
Directors, of his experience and expert knowledge is expected to strengthen the effectivenessof both the decision-making and supervisory functions of the Board of Directors.

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No

2

Name (Date of birth)
Career Summary (Titles and Assignments in the Company and subsidiarybanks and concurrent positions of other organizations)Type and Numberof Shares of theCompany held

Reappointment
Masahiro Sasahara (February 21, 1957)
April 1979
Joined The Hokkaido Bank, Ltd.
General Manager of Tsukisamu Branch of the said
June 2001
bank
Manager and head of Sales Promotion Planning
July 2002
Group of the said bank
May 2003
Executive Officer of the said bankJune 2003
Director and Executive Officer of the said bank
Director, Managing Executive Officer and Head ofJune 2005
Sales Promotion Section of the said bank
Director, Managing Executive Officer and Head of
October 2005
Sales Promotion Section and Corporate Sales
Division of the said bankJune 2006
Director, Managing Executive Officer and Head of
Sales Promotion Section of the said bankJune 2010
Deputy President and Representative Director of thesaid bank
Director of the Company
June 2015
President and Representative Director of the saidbank (present position)
Deputy President of the Company (present position)

Common shares
8,360 shares(Important concurrent position of other organization)
President and Representative Director of The Hokkaido Bank, Ltd.
(Reasons for election of the candidate for Director)
He is well-acquainted with the general business, and has abundant business experience,
having been engaged in sales promotion planning and business promotion, etc., as a memberof the Group since 1979. Moreover, he has abundant management experience as the Deputy
President of the Company and the President and Representative Director of The HokkaidoBank, Ltd. The Company has selected him as a candidate for Director because the utilization,
as a member of the Board of Directors, of his experience and expert knowledge is expected tostrengthen the effectiveness of both the decision-making and supervisory functions of theBoard of Directors.

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No

3

Name (Date of birth)
Career Summary (Titles and Assignments in the Company and subsidiarybanks and concurrent positions of other organizations)Type and Numberof Shares of theCompany held

Reappointment
Hidenori Mugino (March 18, 1957)
April 1979
Joined The Hokuriku Bank, Ltd.
June 2005
Head of Managerial Administration Division of thesaid bankJune 2007
General Manager of Head Office Business Division of
the said bankJune 2009
Director, Executive Officer and General Manager ofHead Office Business Division of the said bankJune 2010
Director, Managing Executive Officer and Head of
Toyama Regional Business Division of the said bankJune 2013
Chairman and Representative Director of the saidbank (present position)
Director of the Company (present position)

Common shares
8,437 shares(Important concurrent position of other organization)
Chairman and Representative Director of The Hokuriku Bank, Ltd.
(Reasons for election of the candidate for Director)
He is well-acquainted with the general business, and has abundant business experience,
having been engaged in business administration and business promotion, etc., as a member of
the Group since 1979. Moreover, he has abundant management experience as the Director of
the Company and the Chairman and Representative Director of The Hokuriku Bank, Ltd.
The Company has selected him as a candidate for Director because the utilization, as amember of the Board of Directors, of his experience and expert knowledge is expected tostrengthen the effectiveness of both the decision-making and supervisory functions of theBoard of Directors.

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No

4

Name (Date of birth)
Career Summary (Titles and Assignments in the Company and subsidiarybanks and concurrent positions of other organizations)Type and Numberof Shares of theCompany held

Yuji Kanema (June 11, 1964)
Reappointment
April 1987
Joined The Hokkaido Bank, Ltd.
January 2002
General Manager of Hanakawa Branch of the saidbankJuly 2003
Manager and head of Managerial Planning Group of
the said bank
October 2005
Head of Managerial Planning Division of the saidbankJuly 2011
Supervisor of Toriimae area and General Manager ofToriimae Branch of the said bank
April 2013
Executive Officer in charge of sales in Okhotsk
Region and General Manager of Kitami Branch of thesaid bankJune 2015
Executive Officer in charge of sales in Sapporo,
Ishikari and Sorachi Region of the said bankJune 2016
Director, Managing Executive Officer and Head ofPlanning and Management Section of the said bank(present position)
June 2017
Director of the Company
June 2019
Executive Officer of The Hokuriku Bank, Ltd.
(present position)
Director of the Company (In charge of PlanningGroup and Administration Group) (present position)

Common shares
4,119 shares(Important concurrent position of other organization)
Director and Managing Executive Officer of The Hokkaido Bank, Ltd.
Executive Officer of The Hokuriku Bank, Ltd.
(Reasons for election of the candidate for Director)
He is well-acquainted with the general business, and has abundant business experience,
having been engaged in Head of Managerial Planning Division and Executive Officer incharge of sales in several regions, as a member of the Group since 1987. Moreover, he hasabundant management experience as the Director of the Company and the Director andManaging Executive Officer of The Hokkaido Bank, Ltd. The Company has selected him as a
candidate for Director because the utilization, as a member of the Board of Directors, of his
experience and expert knowledge is expected to strengthen the effectiveness of both thedecision-making and supervisory functions of the Board of Directors.

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No

5

Name (Date of birth)
Career Summary (Titles and Assignments in the Company and subsidiarybanks and concurrent positions of other organizations)Type and Numberof Shares of theCompany held

Reappointment
Hiroshi Nakazawa (March 21, 1963)
April 1986
Joined The Hokuriku Bank, Ltd.
April 2005
General Manager of Ninomiya Branch of the saidbankJune 2007
General Manager of Kotoni Branch of the said bank
April 2009
General Manager of Asakusa Branch of the said bankJune 2011
General Manager of Fukui Branch of the said bankJune 2014
General Manager of Planning Division of the saidbankJune 2016
Executive Officer and General Manager of Head
Office Business Division of the said bankJune 2017
Director, Executive Officer and General Manager ofHead Office Business Division of the said bankJune 2018
Director, Managing Executive Officer and Head of
Toyama Regional Business Division of the said bank(present position)
June 2019
Director of the Company (present position)

Common shares
7,315 shares(Important concurrent position of other organization)
Director and Managing Executive Officer of The Hokuriku Bank, Ltd.
(Reasons for election of the candidate for Director)
He is well-acquainted with the general business, and has abundant business experience,
having been engaged in General Manager and Head of Regional Business Division, as amember of the Group since 1986. Moreover, he has abundant management experience as
the Director of the Company and the Director and Managing Executive Officer of The
Hokuriku Bank, Ltd. The Company has selected him as a candidate for Director because theutilization, as a member of the Board of Directors, of his experience and expert knowledge is
expected to strengthen the effectiveness of both the decision-making and supervisory
functions of the Board of Directors.

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No

6

Name (Date of birth)
Career Summary (Titles and Assignments in the Company and subsidiarybanks and concurrent positions of other organizations)Type and Numberof Shares of theCompany held

Masahiko Kobayashi (January 4, 1964)
Reappointment
April 1987
Joined The Hokuriku Bank, Ltd.
January 2006
Deputy General Manager of Asahikawa Branch of thesaid bankJune 2007
General Manager of Obihiro Branch of the said bankJune 2010
General Manager of Kanazawa Minami Chuo Branchof the said bankJune 2012
General Manager of Shinjuku Branch of the said bankJune 2014
General Manager of Sapporo Branch of the said bankJune 2016
General Manager of Planning Division of the saidbankJune 2017
Executive Officer and General Manager of Planning
Division of the said bankJune 2019
Director and Managing Executive Officer of the saidbank(present position)
Director of the Company (In charge of PlanningGroup and Administration Group) (present position)
Executive Officer of The Hokkaido Bank, Ltd.
(present position)

Common shares
7,900 shares(Important concurrent position of other organization)
Director and Managing Executive Officer of The Hokuriku Bank, Ltd.
Executive Officer of The Hokkaido Bank, Ltd.
(Reasons for election of the candidate for Director)
He is well-acquainted with the general business, and has abundant business experience,
having been engaged in business promotion and corporate planning, etc., as a member of theGroup since 1987. Moreover, he has abundant management experience as the Director of theCompany and the Director and Managing Executive Officer of The Hokuriku Bank, Ltd. The
Company has selected him as a candidate for Director because the utilization, as a member ofthe Board of Directors, of his experience and expert knowledge is expected to strengthen theeffectiveness of both the decision-making and supervisory functions of the Board of
Directors.

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No

7

Name (Date of birth)
Career Summary (Titles and Assignments in the Company and subsidiarybanks and concurrent positions of other organizations)Type and Numberof Shares of theCompany held

Common shares
Reappointment
Takayuki Kaji (March 16, 1960)
1,640 shares
April 1982
Joined The Hokkaido Bank, Ltd.
April 2004
Deputy General Manager of Minami-Ichijo Branch of
the said bankDecember 2005
General Manager of Memuro Branch of the said bank
April 2009
Supervisor of Asabu area and General Manager of
Asabu Branch of the said bank
April 2011
Head of International Division, Head of China Officeand Head of Russia Office of the said bank
April 2012
Head of International Division and Head of Russia
Office of the said bank
October 2013
Head of Audit Division of the said bankJune 2017
Full-time Corporate Auditor of the said bankJune 2018(Part-time) Director of The Hokuriku Bank, Ltd.
Director of the Company (In charge of Risk
Management Group) (present position)
Director and Executive Officer of The Hokuriku Bank,
June 2019
Ltd. (present position)
Executive Officer of The Hokkaido Bank, Ltd.
(present position)(Important concurrent position of other organization)
Director and Executive Officer of The Hokuriku Bank, Ltd.
Executive Officer of The Hokkaido Bank, Ltd.
(Reasons for election of the candidate for Director)
He is well-acquainted with the general business, and has abundant business experience,
having been engaged in General Manager, Head of International Division and Head of Audit
Division, as a member of the Group since 1982. Moreover, he has abundant management
experience as the Director of the Company and the Director and Executive Officer of The
Hokuriku Bank, Ltd. The Company has selected him as a candidate for Director because theutilization, as a member of the Board of Directors, of his experience and expert knowledge is
expected to strengthen the effectiveness of both the decision-making and supervisory
functions of the Board of Directors.
(Notes) No special interests exist between any of the candidates and the Company.

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