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 10, 2020
To our shareholders:
Masayuki Nomura
President
DOSHISHA CO., LTD.
1-5-5 Higashi-Shinsaibashi, Chuo-ku, Osaka

NOTICE OF THE 44TH ORDINARY GENERAL MEETING OF SHAREHOLDERS
We hereby cordially announce that the 44th Ordinary General Meeting of Shareholders of DOSHISHA CO., LTD.
(the “Company”) will be held as described below.
In order to prevent infections and the spread of the novel coronavirus disease (COVID-19), shareholders arerequested to exercise their voting rights by postal mail in lieu of attending the meeting if possible. Please indicate
your approval or disapproval of the proposals on the enclosed voting form after reviewing the attached Reference
Documents for the General Meeting of Shareholders, and return it by postal mail to reach us no later than 5:30 p.m.
on Thursday, June 25, 2020 (Japan Standard Time).
1. Date and Time: Friday, June 26, 2020 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 44th Term (from April 1, 2019 to March 31,2020), 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 44th Term (from April 1, 2019 to March 31, 2020)
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 (http://www.doshisha.co.jp/) the following matters, andthus 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.

-1-Reference Documents for the General Meeting of Shareholders
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 44th 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¥25 per common share of the Company
Total amount of dividends: ¥908,584,050
Note that the Company paid an interim dividend of ¥25 per share, bringing the dividend for the entire
fiscal year to ¥50 per share.
(3) Effective date of distribution of dividends of surplus
June 29, 2020
2. Matters related to other appropriation of surplus(1) Item of surplus to be increased and amount of increase thereof
General reserve: ¥2,000,000,000(2) Item of surplus to be decreased and amount of decrease thereof
Retained earnings brought forward: ¥2,000,000,000-2-

Proposal 2:

Election of eight (8) Directors

The term of all seven (7) Directors expires at the conclusion of this General Meeting of Shareholders.
Therefore, the Company proposes the election of eight (8) Directors, increasing the number of Directors by one toenhance the management system.
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

Masaharu Nomura(September 18, 1946)
12

Apr. 2014

Established the Company
Took office as President
Chairman and Chief Executive Officer (presentposition)

Number of theCompany’s shares
owned
1,079,583[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
59,900Public Relations(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 (presentposition)
Significant concurrent positions outside the CompanyDirector, 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.

-3-No.

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 Director
Vice 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
Apr. 2008
Chief Director of Sales and Officer In Charge
Toneri Kimbara
92,785of Investor Relations & Public Relations(August 5, 1952)
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, Karinpia 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.

-4-No.

Name(Date of birth)

Career summary, position and responsibilities(Significant concurrent positions outside the Company)
Apr. 1994
Apr. 2012
Aug. 2013

June 2014

Takahiro Matsumoto(August 25, 1970)
4

June 2016

Apr. 2018

Apr. 20195

Joined Daiwa Bank, Ltd. (now Resona Bank,Limited.)
Joined the Company, Director of Corporate
Planning Department
Supervising Director of System Development
Department, Director of Corporate Planning
Department, and Officer In Charge of InvestorRelations & Public Relations
Executive Officer, Executive Officer In Chargeof System Development and Supervising
Director of Financial & Accounting
Department, Foreign Trade Operation
Department and Business Management
Department
Director and Executive Officer In Charge ofFinancial & Accounting, Foreign Trade
Operation and Business Management
Director and Executive Officer In Charge ofFinancial & Accounting, Foreign Trade
Operation, Business Management andInvestigation
Director and Managing Executive Officer In
Charge of Financial & Accounting, Foreign
Trade Operation and Business Management(present position)

Number of theCompany’s shares
owned730[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.
Apr. 1991
Joined the Company
Apr. 1997
Division Director of SP Sales
Jan. 1999
Division Director of SP Products
Oct. 2001
Division Director of Fourth Business
Department, Business Promotion*July 2002
Division Director of Food and Gift
Michinori Sakamoto
16,007Jan. 2007
Gift Department Director(June 3, 1968)
June 2008Executive OfficerJuly 2011
Chief Director of The Third Business Unit
Apr. 2012Managing Executive Officer
Apr. 2016
Senior Managing Executive Officer (presentposition)[Reasons for nomination as candidate for Director]
The Company has nominated him as a candidate for Director due to his abundant experience, achievements and insight
into management, obtained through having abundant experience in sales activities of the Company since joining theCompany and serving currently as Senior Managing Executive Officer of the Company since April 2016.

-5-No.

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.
7,489
Senior Managing Director of SHIMAMURA
Chohachi Goto
Co., 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]
Based on his abundant experience obtained from the post of corporate manager for many years, the Company has
nominated him as a candidate to continue serving as Outside Director with his valuable opinions and insights regarding
the management of the Company, and the appropriate direction he provides for business execution.
[Tenure as Outside Director]
At the conclusion of this meeting, his tenure as an Outside Director of the Company will be five (5) 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 Station
Outside DirectorMar. 2005
Head of Osaka City Police Department andHead of Organized Crime Division, Osaka
11,825
Noriaki Kumamoto
Prefectural Police(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 DrivingCenterMar. 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]
Based on his extensive experience obtained through serving as Head of the Criminal Investigation Department at Osaka
Prefectural Police Headquarters and Head of the Organized Crime Division, he is always in a position to provide
valuable opinions and insights regarding the management of the Company as well as appropriate direction for businessexecution.
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 five (5) years.

-6-No.

Name(Date of birth)

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

8Notes:Number of theCompany’s shares
ownedJoined The Sumitomo Bank, Limited (nowSumitomo Mitsui Banking Corporation)
May 2005
Executive Officer of Sumitomo Mitsui Banking
Corporation
May 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 BankingCorporation
June 2011
Senior Managing Officer of The Royal Hotel,
Outside Director
Limited1,569
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]
He has acted in important positions in financial institutions and hotel management companies for many years andobtained abundant knowledge and experience regarding finance and corporate management through his career. The
Company has nominated him as a candidate to continue serving as Outside Director he has been providing valuable
opinions and insights regarding the management of the Company based on such knowledge and experience.
[Tenure as Outside Director]
At the conclusion of this meeting, his tenure as an Outside Director of the Company will be two (2) years.
1. New candidates for Director are indicated by an asterisk (*).
2. The Company engages in transactions such as goods procurement with Victoria Well Holdings Limited, the company
where candidate for Director Toneri Kimbara serves as President.
3. There is no special interest between any of the other candidates and the Company.
4. 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.
5. 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.

-7-