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: 9037
May 30, 2019
To our shareholders:Hidenori Osuka
Representative Director and President
HAMAKYOREX CO., LTD.
1701-1 Terawaki-cho, Minami-ku, Hamamatsu-shi,
Shizuoka

Notice of the 48th Annual General Meeting of Shareholders
We would like to express our appreciation for your continued support and patronage.
You are cordially invited to attend the 48th Annual General Meeting of Shareholders of HAMAKYOREX CO.,LTD. (the “Company”), which will be held as indicated below.
If you are unable to attend the meeting in person, you can exercise your voting rights in writing or by the Internet,
etc. Please review the attached Reference Documents for General Meeting of Shareholders, and exercise yourvoting rights in accordance with “Instructions for Exercise of Voting Rights” (Japanese Only).
1. Date and Time: Tuesday, June 18, 2019, 10:30 a.m.
2. Venue:“Ootori” Hall, 2F, Grand Hotel Hamamatsu
1-3-1 Higashiiba, Naka-ku, Hamamatsu-shi, Shizuoka
3. Purpose of the Meeting
Matters to be reported:
1. The Business Report and the Consolidated Financial Statements for the 48th fiscal year (from April 1,2018 to March 31, 2019), and the results of audits of the Consolidated Financial Statements by the
Financial Auditor and the Audit & Supervisory Board
2. The Non-Consolidated Financial Statements for the 48th fiscal year (from April 1, 2018 to March 31,
2019)
Matters to be resolved:
Proposal No. 1
Partial Amendments to the Articles of Incorporation
Proposal No. 2
Election of Nine (9) Directors
Proposal No. 3
Election of One (1) Audit & Supervisory Board Member
4. Matters Determined Relating to Convocation
Prior notice before exercising your vote right diversely
Shareholders are respectfully requested to notify the Company in writing of any diverse exercising of voting
rights and the reason therefore not later than three days before the general meeting of shareholders.

-1-1. If attending in person, please submit the enclosed voting form at the meeting reception desk.
2. Of the documents attached to this Notice of the Annual General Meeting of Shareholders, the following
materials have been made available for viewing online on our website in accordance with the relevant laws andregulations, and the stipulations of the Company’s Articles of Incorporation.
(1) Company system and policy(2) Consolidated Statement of changes in Equity(3) Notes to Consolidated Financial Statements(4) Statement of changes in equity(5) Notes to Financial Statements
3. The Consolidated and Non-Consolidated Financial Statements prepared by Audit & Supervisory Board
Member and Financial Auditor include materials contained in attachments provided with this Notice of theAnnual General Meeting of Shareholders, and notes to Consolidated Financial Statements and notes toFinancial Statements published on the Company’s website.
4. Note that if there are any modifications in the Reference Documents for General Meeting of Shareholders,Business Report, the Consolidated Financial Statements, or the Non-Consolidated Financial Statements, they
will be posted on our website (http://www.hamakyorex.co.jp/).
[Notice] Gathering of shareholders
A gathering of shareholders and Company officers will be held following the General Meeting of Shareholders at
the “Ootori” Hall on the second floor. Please take this opportunity to attend and provide any feedback or questions
to us.

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Reference Documents for General Meeting of Shareholders
Proposals and Reference Information
Proposal No. 1

Partial Amendments to the Articles of Incorporation

1. Reasons for proposal
From the standpoint of expanding services for shareholders, the Company would like to newly establish Article
9 (Rights Regarding Shares Less Than One Unit) in the Articles of Incorporation in order to introduce anadditional purchase program for shares less than one unit stipulated in Article 194 of the Companies Act, andas a result of this new article, it is proposed to renumber subsequent articles.
2. Details of amendments
The details of amendments to the Articles of Incorporation is as follows.
(Underlined text represents amendments)
Current Articles of Incorporation
Proposed Amendments(Rights Regarding Shares Less Than One Unit)(Rights Regarding Shares Less Than One Unit)
Article 8
Article 8
A shareholder of the Company may not exercise any rights
A shareholder of the Company may not exercise any rights
other than the rights listed below with regard to shares less thanother than the rights listed below with regard to shares less than
one unit held by the shareholder:one unit held by the shareholder:
1 to 3 (omitted)
1 to 3 (unchanged)(New)
4 The right to make a demand as provided for in the following
Article.
(New)(Additional Purchase of Shares Less Than One Unit)
Article 9
A shareholder of the Company who holds shares less than one
unit may, as provided for in the Share Handling Regulations,request the Company to sell to the shareholder a number ofshares which will, when combined with the number of sharesalready held by the shareholder, constitute one share unit.
Article 9 to Article 45 (text omitted)
Article 10 to Article 46 (unchanged)-3-

Proposal No. 2
Election of Nine (9) Directors
The terms of office of all ten Directors will expire at the conclusion of this annual general meeting of shareholders.
Therefore, the Company proposes the election of nine Directors.
The candidates for Director are as follows:
Candidate
No.

Name(Date of birth)

Career summary, position and responsibility in the Company,
and significant concurrent positions outside the Company
Feb. 1971

1

2

Number of theCompany’s shares
owned

Representative Director and President of theCompany
June 1984
Representative Director and President of
Hamakyo Service K.K. (current position)
Apr. 2003
Director and Chairman of Superex Corporation(current position)
Masataka Osuka
500,000 shares
July 2005
Chairman of Shizuoka Trucking Association(March 3, 1941)
June 2007
Representative Director and Chairman of theCompany (current position)
June 2012
Deputy Chairman of Japan Trucking
Association
Nov. 2013
Chairman of The Hamamatsu Chamber ofCommerce and Industry (current position)(Reasons for nomination as a candidate for Director)
As the founder of the Company involved with its long-term management, Mr. Masataka Osuka has established asignificant level of experience and achievements. As the current Representative Director and Chairman, he provides
accurate advice on every facet of business operation based on experience. The Company proposes the election of him
based on his suitable fulfillment of his role as supervisor concerning the resolution of important matters, theadministration of business matters, and other such matters.
Apr. 1992
Joined the Company
Apr. 2001
Deputy General Manager of Sales Department
1 of the Company
May 2003
General Manager of Chubu Sales Departmentof the Company
June 2003
Director and General Manager of Chubu Sales
Department of the Company
Apr. 2006
Director and General Manager of Head Office
Sales Department of the Company
Hidenori Osuka
June 2007
Director and Vice President of KINBUTSU
498,300 shares(July 17, 1967)
REX Co., Ltd.
June 2008
Director, Vice President, General Manager of
Administration Division, and General Manager
of Corporate Planning Office of the Company
June 2009
Director of Superex Corporation. (current
position)Jan. 2010
Representative Director and President of theCompany (current position)
Aug. 2010
Director and Chairman of KINBUTSU REX
Co., Ltd. (current position)(Reasons for nomination as a candidate for Director)
As manager of the Company, Mr. Hidenori Osuka possesses a broad range of experience and considerable insight into
the various divisions making up the Company. The Company proposes the election of him so that the Company may
benefit from his leadership as a member of management, and for his contributions to improving corporate value andbolstering the supervisory functions of the Board of Directors.

-4-Candidate
No.

Name
(Date of birth)

Career summary, position and responsibility in the Company,
and significant concurrent positions outside the Company
Sept. 2001

3

Number of theCompany’s shares
ownedJoined the Company as Manager of AccountDepartment
May 2003
Deputy General Manager of Administration
Department of the Company
June 2005
Audit & Supervisory Board Member ofSuperex Corporation (current position)
June 2005
Audit & Supervisory Board Member of
KINBUTSU REX Co., Ltd.
June 2005
Executive Officer, General Manager of
Administration Department, and General
Manager of Corporate Planning Office of theCompany
Apr. 2007
Executive Officer, General Manager of
Accounting Department, and General Manager
of Corporate Planning Office of the Company
June 2007
Director, General Manager of Accounting
Department, and General Manager of Corporate
Planning Office of the Company
June 2008
Director, General Manager of Development
Hiroyasu Yamazaki
17,200 shares
Division, and General Manager of Internal(December 22, 1969)
Controls Office of the Company
Oct. 2009
Director, Executive Officer, General Manager
of Development Division, and General
Manager of Internal Controls Office of theCompany
Apr. 2012Managing Director, Executive Officer, General
Manager of Administration Division, andGeneral Manager of Internal Controls Office of
the Company
Sept. 2013
Managing Director, Executive Officer andGeneral Manager of Internal Controls Office of
the Company
Aug. 2014
Senior Managing Director and Executive
Officer of the Company
June 2015
Director of KINBUTSU REX Co., Ltd.
Aug. 2015
Senior Managing Director of the Company
Apr. 2017
Senior Managing Director and General
Manager of Headquarters of the Company(current position)(Reasons for nomination as a candidate for Director)
The Company proposes the election of Mr. Hiroyasu Yamazaki so that the Company may benefit from his contributions
to improving corporate value based on his ample experience in the field of accounting and finance, and his experienceand achievements as General Manager of the Administration Department and General Manager of the Development
Division.

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Candidate
No.

Name
(Date of birth)

Career summary, position and responsibility in the Company,
and significant concurrent positions outside the Company
July 1999
Apr. 2010

4

5

Number of theCompany’s shares
ownedJoined the Company
Deputy General Manager of Chubu Sales
Department 3 of the Company
Apr. 2011
General Manager of Chubu Sales Department 3of the Company
Apr. 2012
Executive Officer and Deputy General Manager
of Sales Division of the Company
Apr. 2014
Executive Officer and Branch Manager of
Yasuo Okutsu
Chubu Branch of the Company
900 shares(January 21, 1972)
Aug. 2014
Managing Executive Officer and BranchManager of Chubu Branch of the Company
June 2016
Director, Managing Executive Officer andBranch Manager of Chubu Branch of theCompany
Apr. 2017
Director, Managing Executive Officer, Deputy
General Manager of Headquarters and BranchManager of Chubu Branch of the Company(current position)(Reasons for nomination as a candidate for Director)
The Company proposes the election of Mr. Yasuo Okutsu so that the Company may benefit from his contributions toimproving corporate value based on his ample experience in the operations of the logistics center (3PL) of theCompany.
Oct. 2003
Joined the Company
Apr. 2008
Deputy General Manager of Kanto Sales
Department 3 of the Company
Apr. 2010
Executive Officer and General Manager ofKanto Sales Department 2 of the Company
Apr. 2012
Executive Officer and Deputy General Manager
of Sales Division of the Company
Apr. 2014
Executive Officer and Branch Manager of
Akio Ariga
Kanto Branch of the Company
2,200 shares(June 8, 1964)
Aug. 2014
Managing Executive Officer and BranchManager of Kanto Branch of the Company
June 2015
Director, Managing Executive Officer andBranch Manager of Kanto Branch of theCompany
Apr. 2018
Director, Managing Executive Officer, incharge of sales of Headquarters and BranchManager of Kanto Branch of the Company(current position)(Reasons for nomination as a candidate for Director)
The Company proposes the election of Mr. Akio Ariga so that the Company may benefit from his contributions toimproving corporate value based on his ample experience in the operations of the logistics center (3PL) of theCompany.

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Candidate
No.

Name
(Date of birth)

Career summary, position and responsibility in the Company,
and significant concurrent positions outside the Company
Mar. 2004
Apr. 2012

6

7

Number of theCompany’s shares
ownedJoined the Company
Manager of Domestic Sales Development
Department, Development Division of theCompany
Apr. 2013
General Manager of Domestic Sales
Development Department of the Company
June 2014
Executive Officer and General Manager ofDevelopment Headquarters of the Company
Apr. 2017
Executive Officer, General Manager ofDevelopment Division and Assistant toTsuyoshi Yamaoka
Headquarters of the Company
500 shares(April 12, 1976)
Apr. 2018
Executive Officer, General Manager ofDevelopment Division and in charge of new
development at Headquarters of the Company
June 2018
Director, Executive Officer, in charge of new
development at Headquarters and General
Manager of the Development Division of theCompany
Apr. 2019
Director, Executive Officer, in charge of new
development at Headquarters and General
Manager of the New Sales Management
Department of the Company (current position)(Reasons for nomination as a candidate for Director)
The Company proposes the election of Mr. Tsuyoshi Yamaoka so that the Company may benefit from his contributions
to improving corporate value based on his ample experience in substantially increasing new clients in the operations of
the logistics center (3PL) of the Company.
Dec. 1999
Joined the Company
Apr. 2010
Deputy General Manager of Kansai Sales
Department of the Company
Apr. 2011
General Manager of Kansai Sales Departmentof the Company
Apr. 2012
Executive Officer and General Manager of
Kansai Sales Department of the Company
Apr. 2014
Executive Officer and Branch Manager of
Kansai Branch of the Company
Apr. 2016
Managing Executive Officer and Branch
Kiichi Nasuda
2,500 shares
Manager of Kansai Branch of the Company(April 6, 1970)
June 2016
Director, Managing Executive Officer andBranch Manager of Kansai Branch of theCompany
Apr. 2017
Director, Managing Executive Officer, Deputy
General Manager of Headquarters, and BranchManager of Kansai Branch of the Company
Apr. 2019
Director, Executive Officer, Deputy General
Manager of Headquarters and Branch Manager
of Kansai Branch of the Company (current
position)(Reasons for nomination as a candidate for Director)
The Company proposes the election of Mr. Kiichi Nasuda so that the Company may benefit from his contributions toimproving corporate value based on his ample experience in the operations of the logistics center (3PL) of theCompany.

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Candidate
No.

Name
(Date of birth)

Career summary, position and responsibility in the Company,
and significant concurrent positions outside the Company
Apr. 1965

Number of theCompany’s shares
ownedJoined Suzuki Motor Co., Ltd. (currently
Suzuki Motor Corporation)
Apr. 2010
Chairman of Hamamatsu Foundation forInternational Communication and Exchange
Nov. 2010
Deputy Chairman of The Hamamatsu Chamberof Commerce and Industry
Isamu Miyagawa
300 shares(July 22, 1942)
Apr. 2013
Councilor of TOKOHA University Education
Foundation (current position)
8
Nov. 2013
Adviser of The Hamamatsu Chamber ofCommerce and Industry (current position)
June 2016
Outside Director of the Company (current
position)(Reasons for appointment as candidate for outside Director)
The Company proposes the election of Mr. Isamu Miyagawa so that the Group may benefit from his contributions toimproving corporate value based on his sufficient knowledge of finance and accounting as a business administrator.
Apr. 1975
Joined the Hamamatsu Branch of The Shizuoka
Bank, Ltd.
June 2003
Executive Officer and General Manager of theHamamatsu Branch of The Shizuoka Bank, Ltd.
Apr. 2007
Senior Executive Officer and Head of Western
Area Business Unit of The Shizuoka Bank, Ltd.
Yoshitaka Otsu
July 2016
Outside Audit & Supervisory Board Member
0 shares(December 11, 1952)(Part-time) of SEIKO CORPORATION(current position)
9Oct. 2016
Outside Audit & Supervisory Board Member(Part-time) of TOKAI DENPUN CO., LTD.
(current position)
June 2018
Outside Director of the Company (current
position)(Reasons for appointment as candidate for outside Director)
The Company proposes the election of Mr. Yoshitaka Otsu so that the Group may benefit from his contributions toimproving corporate value based on his ample experience, achievements and broad insight into business management.
(Notes) 1. There is no special interest between any of the above candidates and the Company.
2. Mr. Isamu Miyagawa and Mr. Yoshitaka Otsu are candidates for outside Director.
3. Mr. Isamu Miyagawa is currently an outside Director of the Company, and at the conclusion of this meeting, his tenure
as outside Director will have been three years.
4. Mr. Yoshitaka Otsu is currently an outside Director of the Company, and at the conclusion of this meeting, his tenure as
outside Director will have been one year.
5. Pursuant to the provisions of Article 427, paragraph 1 of the Companies Act, the Company has entered into anagreement with Mr. Isamu Miyagawa and Mr. Yoshitaka Otsu to limit their liability for damages under Article 423,
paragraph 1 of the Companies Act. The maximum amount of liability for damages under this agreement is the minimum
liability amount stipulated in Article 425 paragraph 1 of the Companies Act, and the Company plans to renew thisagreement with them.
6. The Company plans to submit notification to Tokyo Stock Exchange that Mr. Isamu Miyagawa and Mr. Yoshitaka Otsu
have been designated as independent officers as provided for by the aforementioned exchange.

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Proposal No. 3
Election of One (1) Audit & Supervisory Board Member
The term of office of Audit & Supervisory Board Member Mr. Sachio Yokohara will expire at the conclusion of thisannual general meeting of shareholders. Therefore, the Company proposes the election of one Audit & Supervisory
Board Member to strengthen and enhance the audit system.
In addition, the consent of the Audit & Supervisory Board has been obtained for this proposal.
The candidate for Audit & Supervisory Board Member is as follows.
Name(Date of birth)

Career summary, position and responsibility in the Company, andsignificant concurrent positions outside the Company
Apr. 1968

Number of theCompany’s shares
ownedJoined JA Topia Hamamatsu (Agricultural
Cooperative)
Sachio Yokohara
7,400 shares
May 2007
Joined the Company(December 18, 1949)
June 2007
Full-time Audit & Supervisory Board Member of theCompany (current position)(Note) 1. There is no special interest between the above candidate and the Company.
2. Pursuant to the provisions of Article 427, paragraph 1 of the Companies Act, the Company has entered into agreementswith Mr. Sachio Yokohara to limit his liability for damages under Article 423, paragraph 1 of the Companies Act. The
maximum amount of liability for damages under this agreement is the minimum liability amount stipulated in Article
425 paragraph 1 of the Companies Act. If his reelection is approved, the Company plans to renew this agreement withhim.

-9-