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. EIZO Corporation assumes no responsibility for this translation or for direct, indirect, or any
other form of damage which may arise as a result of this translation.
(Securities Code: 6737)
June 3, 2021

To Our Shareholders:
Yoshitaka Jitsumori
President & CEO
EIZO Corporation
153 Shimokashiwano, Hakusan,Ishikawa, JapanNOTICE OF CONVOCATION OF
THE 54TH ORDINARY GENERAL MEETING OF SHAREHOLDERS
We would like to express our appreciation for your continued support.
You are hereby notified that the 54th Ordinary General Meeting of Shareholders of EIZO
Corporation (the “Company”) will be held as described below.
You may exercise your voting rights in writing or via the Internet. Please review the attached“Reference Documents for the General Meeting of Shareholders” and exercise your voting
rights no later than 5:15 p.m. on Wednesday, June 23, 2021 (Japan time), following theguidance described below.

1.

Date and Time:Thursday, June 24, 2021, at 10:00 a.m.
(The reception desk opens at 9:15 a.m.)

2.

Place:

Concert Hall, 1st floor, Hakusan City Matto Learning Center(Hakusan-shi Matto Gakushu Center)
305, Furushiro-machi, Hakusan-shi, Ishikawa, Japan

3.

Meeting Agenda:
Items to be reported:

1.

2.

Item to be resolved:
Proposal 1:
Proposal 2:
Proposal 3:

Business Report, Consolidated Financial Statements andresults of audits of the Consolidated Financial Statements
by the Accounting Auditor and the Audit and Supervisory
Committee for the Company’s 54th Fiscal Year (April 1,2020 - March 31, 2021)
Non-consolidated Financial Statements for the Company’s
54th Fiscal Year (April 1, 2020 - March 31, 2021)

Partial Amendment of the Articles of Incorporation
Election of Three (3) Directors (excluding Directors serving asAudit and Supervisory Committee Members)
Revision of the Amount of Remuneration for Directors serving
as Audit and Supervisory Committee Members- 1 -- When attending the General Meeting of Shareholders, please submit the enclosed Voting Rights
Exercise Form at the reception desk.
- Pursuant to laws and regulations, and the provisions of Article 16 of the Articles of Incorporationof the Company, of the documents to be attached to this Notice, “Consolidated Statement ofChanges in Equity,” “Notes to Consolidated Financial Statements,” “Non-consolidated Statementof Changes in Equity” and “Notes to Non-consolidated Financial Statements” are posted on theCompany’s website below and are not provided in this Notice.
Therefore, the documents attached to this Notice are a part of the Consolidated FinancialStatements and Non-consolidated Financial Statements audited by the Accounting Auditor and theAudit and Supervisory Committee, in preparing their respective audit reports.
- If any revisions should be made to the Reference Documents for the General Meeting ofShareholders, Business Reports, Consolidated Financial Statements, and Non-consolidated
Financial Statements, they will be posted on the Company’s website, as mentioned below.
- An explanatory meeting will be held after the General Meeting of Shareholders to deepen
shareholders’ understanding of the Company’s corporate strategy and business model.
- Please note that the Company’s Directors and staff will be in business casual (“Cool Biz”) at theGeneral Meeting of Shareholders.
- After the General Meeting of Shareholders, the outcomes of resolutions will be posted on theCompany’s website below.
The Company’s website (https://www.eizo.co.jp/ir/stock/invitation/)- A video recording of the General Meeting of Shareholders will be made available on the Company's
website indicated above afterwards (Japanese only). When viewing the video, please enter thecommon ID and password for shareholders indicated on the enclosed guide.

- 2 -Exercise of Voting Rights:
You may exercise your voting rights through either of the methods described below.
Exercise of your voting rights in writing
Please indicate your votes for or against the proposals on the enclosed Voting Rights Exercise
Form and return the form by mail so that it will arrive no later than 5:15 p.m. on Wednesday,June 23, 2021 (Japan time).
Exercise of your voting rights via the Internet
You can exercise your voting rights either by (1) scanning the QR code shown on the enclosed
Voting Rights Exercise Form, or by (2) accessing the website for exercising voting rights(https://www.web54.net) and entering the “voting rights exercise code” and “password” shownon the enclosed Voting Rights Exercise Form. Please enter your votes for or against theproposals no later than 5:15 p.m. on Wednesday, June 23, 2021 (Japan time).
If you exercise your voting rights both in writing and via the Internet, your vote via the Internet will
be considered a valid exercise of voting rights. If you exercise your voting rights multiple times via
the Internet, or if you exercise your voting rights both via PC and smartphone, only the most recent
vote will be considered a valid exercise of voting rights.
Institutional investors may use the electronic voting platform operated by ICJ, Inc.

- 3 -Reference Documents for the General Meeting of Shareholders
Proposal 1: Partial Amendment of the Articles of Incorporation
1. Reasons for Proposal(1) In order to clarify the description of the Company’s business so that it reflects the current
status and to deal with future diversification of the Company’s business, certain additions andamendments are made to the business purposes listed in Article 2 (Purpose) of the current
Articles of Incorporation.
(2) In order to operate the General Meeting of Shareholders and the Board of Directors meetingin a more flexible manner, the convener and the chairperson specified in Article 15 (Convenerand Chairperson) and Article 23 (Board of Directors) of the current Articles of Incorporation
are changed.
(3) In order to enhance the Board of Director’s function to supervise management, a change ismade to the maximum number of Directors serving as Audit and Supervisory Committee
Members specified in Article 19 (Number) of the current Articles of Incorporation.
2. Details of Amendments
The details of the amendments are as follows.
Current Articles of Incorporation(Underlined parts indicate amendments.)
Proposed Amendments

Chapter 1: General Provisions

Chapter 1: General Provisions

Article 1 (Omitted)

Article 1 (Unchanged)(Purpose)(Purpose)
Article 2
Article 2
The purpose of the Company shall be to The purpose of the Company shall be toengage in the following businesses:
engage in the following businesses:
1. Developing, manufacturing and selling 1. Developing, manufacturing and sellingelectrical,electronicandopticalelectrical and electronic equipment;
equipment;
2. Developing, manufacturing and selling 2. Developing, manufacturing and sellingamusement machines;
amusement machines, and planning,developing and selling amusement
software;
3. Developing, manufacturing and selling 3. Developing, manufacturing and sellingelectronic components;
electronic components;
4. Developing, manufacturing, and selling 4. Developing, manufacturing and selling
medical devices;
medical devices;
5. Planning,
designing,developing, 5. Developing and selling software for, andmanufacturing and selling software andsystem integration of, the equipment listed
systems for computer equipment, video
in the preceding items and related
devices, amusement machines, medical
equipment, etc.; anddevices and related devices; and6. Any and all businesses incidental or 6. Any and all businesses incidental orrelated to any of the businesses listed in therelated to any of the businesses listed in thepreceding items.
preceding items.
Articles 3 through 5 (Omitted)

Articles 3 through 5 (Unchanged)- 4 -Current Articles of Incorporation

Proposed Amendments

Chapter 2: Shares

Chapter 2: Shares

Articles 6 through 11 (Omitted)

Articles 6 through 11 (Unchanged)
Chapter 3: General Meeting of
Shareholders

Chapter 3: General Meeting of
Shareholders
Articles 12 through 14 (Omitted)

Articles 12 through 14 (Unchanged)(Convener and Chairperson)(Convener and Chairperson)
Article 15
Article 15
The President of the Board of Directors shall The Chairperson or the President of the Board
convene a general meeting of shareholders and of Directors shall convene a general meeting
serve as the chairperson thereof. If the of shareholders and serve as the chairperson
President of the Board of Directors is unable thereof. If the Chairperson and the President
to act, another Director shall act in the order of the Board of Directors are unable to act,
predetermined by the Board of Directors.
another Director shall act in the orderpredetermined by the Board of Directors.
Articles 16 through 18 (Omitted)

Articles 16 through 18 (Unchanged)

Chapter 4: Directors and Board ofDirectors

Chapter 4: Directors and Board of
Directors(Number)(Number)
Article 19
Article 19
1. The Company shall have not more than 1. The Company shall have not more than
five (5) Directors who are not serving as
five (5) Directors who are not serving as
Audit and Supervisory Committee
Audit and Supervisory Committee
Members (hereinafter referred to as
Members (hereinafter referred to as“Directors Not Serving as Audit and“Directors Not Serving as Audit andSupervisory Committee Members”).
Supervisory Committee Members”).
2. The Company shall have not more than 2. The Company shall have not more thanfour (4) Directors serving as Audit andfive (5) Directors serving as Audit andSupervisory Committee Members.
Supervisory Committee Members.
Articles 20 through 22 (Omitted)

Articles 20 through 22 (Unchanged)- 5 -Current Articles of Incorporation

Proposed Amendments(Board of Directors)(Board of Directors)
Article 23
Article 23
Except as otherwise provided by laws and Except as otherwise provided by laws andregulations, the President of the Board of regulations, a Director shall convene a Board
Directors shall convene a Board of Directors of Directors meeting and serve as themeeting and serve as the chairperson thereof. chairperson thereof in the order predetermined
If the post of President of the Board of by the Board of Directors.
Directors is vacant or if the President of theBoard of Directors is unable to act, another
Director shall act in the order predeterminedby the Board of Directors.
Articles 24 through 29 (Omitted)

Articles 24 through 29 (Unchanged)
Chapter 5: Audit and Supervisory
Committee

Chapter 5: Audit and Supervisory
Committee
Articles 30 and 31 (Omitted)

Articles 30 and 31 (Unchanged)
Chapter 6: Accounting

Chapter 6: Accounting
Articles 32 through 35 (Omitted)Articles 32 through 35 (Unchanged)
Supplementary Provisions

Supplementary Provisions(Omitted)(Unchanged)- 6 -Proposal 2: Election of Three (3) Directors (excluding Directors serving as Audit andSupervisory Committee Members)
The terms of office of all three (3) Directors (excluding Directors serving as Audit and Supervisory
Committee Members) will expire at the conclusion of this General Meeting of Shareholders.
Therefore, the election of three (3) Directors (excluding Directors serving as Audit and Supervisory
Committee Members) is proposed. With respect to this proposal, the Company has already obtainedthe opinion of the Audit and Supervisory Committee that all of the candidates for Director arequalified to serve.
The candidates for Director (excluding Directors serving as Audit and Supervisory CommitteeMembers) are as follows.

Candidate No.1

Name (Date of birth)
Yoshitaka Jitsumori(April 16, 1944)
Reappointment

Number of shares of theCompany held
148,300 shares
Attendance at the Boardof Directors meetings
9 out of 9Career summary, positions and responsibilities at the Company(Significant concurrent positions)
May 1994
Executive Director
June 1995*Senior Executive Director
June 1997*Executive Vice President
June 2001*President & CEO (to present)*Representative Director(Significant concurrent positions)
EIZO MS Corporation, President & CEO
EIZO Support Network Corporation, President & CEO
Irem Software Engineering Inc., Director
EIZO Inc., Director, Chairman
EIZO Nordic AB, Board Member
EIZO AG, Board of Administration Member
EIZO Europe GmbH, President & CEO[Reasons for the election of the candidate for Director]
As President & CEO, Mr. Yoshitaka Jitsumori has been overseeing
the management of EIZO Group based on a wealth of experience,
implementing business strategies that leverage the Group’s strengthsby demonstrating his extensive knowledge and strong leadership,
thereby contributing to its enhanced corporate value. He has been
nominated as a candidate for Director because the Company expects
that he will continue to contribute to the further growth of the Groupby appropriately executing his duties and supervising corporate
management as a Director.

- 7 -Candidate No.2

Career summary, positions and responsibilities at the Company(Significant concurrent positions)
April 1993
August 2004
October 2013
October 2016
October 2018

Name (Date of birth)
Masaki Ebisu(October 25, 1970)August 2019

New appointment

Number of shares of theCompany held
2,800 shares
Attendance at the Boardof Directors meetings
N/AApril 2020

Joined The Long-Term Credit Bank of Japan,
Limited (Shinsei Bank, Limited currently)
Joined the Company
Senior Manager, Procurement Dept.
Operating Officer,
Senior Manager, Procurement Dept.
Operating Officer,
Senior Manager, Accounting & Finance Dept.,
Senior Manager, Investor Relations (IR) Dept.
Operating Officer,Senior Manager, General Affairs Dept.,
Senior Manager, Accounting & Finance Dept.,
Senior Manager, Investor Relations (IR) Dept.
Operating Officer,Senior Manager, Accounting & Finance Dept.,
Senior Manager, Investor Relations (IR) Dept.
(to present)(Significant concurrent positions)[Reasons for the election of the candidate for Director]
Mr. Masaki Ebisu has a wealth of extensive experience andknowledge acquired through holding various senior positions in theDepartments of Strategic Business Development, Procurement,
General Affairs and Accounting & Finance. He has been nominatedas a candidate for Director because the Company expects that he willcontribute to the further growth of the Group by appropriately
performing his duties and supervising management as a Director.

- 8 -Career summary, positions and responsibilities at the Company(Significant concurrent positions)

Candidate No.3

April 1992
January 2015
Name (Date of birth)
Manabu Arise(December 27, 1969)
New appointment

Number of shares of theCompany held
3,638 shares
Attendance at the Boardof Directors meetings
N/AJuly 2017

October 2018

Joined the Company
Senior Manager, Accounting & Finance Dept.,
Senior Manager, Investor Relations (IR) Dept.
Operating Officer,
Senior Manager, Accounting & Finance Dept.,
Senior Manager, Investor Relations (IR) Dept.
Operating Officer,
Senior Manager, Procurement Dept.
(to present)(Significant concurrent positions)[Reasons for the election of the candidate for Director]
Mr. Manabu Arise has advanced knowledge of accounting andfinance and a wealth of experience in an overseas Group company
and in the Accounting & Finance and Procurement Departments. He
has been nominated as a candidate for Director because the Company
expects that he will contribute to the further growth of the Group by
appropriately performing his duties and supervising management asa Director.

Note:
1. There are no special interests between any of the above candidates for Director and the Company.
2. The Company has entered into a Directors and Officers Liability Insurance (D&O insurance) Contract, asdefined in Article 430-3, paragraph 1 of the Companies Act, with an insurance company under which theCompany’s Directors are the insured. If this proposal is approved and adopted without changes to theoriginal proposal and if the candidates take office as Directors, the candidates will be the insured under theinsurance contract. If any shareholder, third party or other entity claims damages from any of the insured,the damages, litigation expenses, etc. that would otherwise be incurred by the insured party will be covered
under the insurance contract. However, the insurance contract will not cover some specific damages, forexample, damages arising from acts of the insured party that are committed with an awareness of legal
violations. All insurance premiums, including those for the special conditions, are borne by the Company,
with no premiums being paid by any of the insured. The Company intends to renew the aforementioned
insurance contract on the same terms and conditions at the next renewal.

- 9 -(Reference)
Composition of the Board of Directors after this General Meeting of Shareholders

HR & HR Development

Internal Control /Legal & Compliance

●

●

●

●

Reappointment

Masaki
Ebisu

Newappointment

ManabuAriseNewappointment

MasaakiSuzuki(Incumbent)◎

Kazuhiko
Deminami(Incumbent)○

AtsushiInoue(Incumbent)

○

○

○

○

●

HirojiTakino(Incumbent)

○

○

○

○

●

○

○

○

◎

●

SCM*

Accounting & Finance●Yoshitaka
Jitsumori

R&D

Overseas Business Management

Main specialties
Corporate Management

Nomination and Remuneration Advisory Committee

Independent Director

External Director

Audit and Supervisory Committee Member

New appointment or reappointment

Name

If Proposal No. 2 is approved and adopted without changes to the original proposal, the compositionof the Board of Directors after this General Meeting of Shareholders will be as follows.

●

●

●

●

●

●

●

●

●

●

●

●

●

○

●

●

●

●

*SCM: Supply Chain Management- The above table does not represent all areas of knowledge of each of the Directors.
- A double circle (◎) indicates the chairperson, who is elected by the members of the committee.

- 10 -

Proposal 3: Revision of the Amount of Remuneration for Directors serving as Audit andSupervisory Committee Members
The amount of remuneration for Directors serving as Audit and Supervisory Committee Members
was approved as “50 million yen or less per year” at the 49th Ordinary General Meeting ofShareholders held on June 23, 2016, and has unchanged to this day. If Proposal No. 1 is approved
and adopted without changes to the original proposal, the maximum number of Audit andSupervisory Committee Members will be increased to five (5) persons from four (4) (increase of one(1) person). Considering this, the Company proposes to revise the amount of remuneration for themto “60 million yen or less per year.”This proposal has been decided upon by the Board of Directors by taking comprehensively into
consideration the Company’s business scale, the structure and level of remuneration for theCompany’s officers, the current number of the Company’s officers, and the future trends, among
other things, and is considered appropriate by the Company.
Currently, the Company has four (4) Directors serving as Audit and Supervisory Committee
Members, including three (3) External Directors.

- 11 -