Note: This document has been translated from a part of the Japanese original for reference purposes only. In the event ofany discrepancy between this translated document and the Japanese original, the original shall prevail.

Securities identification code: 9616
Start date of measures for electronic provision: June 4, 2024
Date of sending by postal mail: June 11, 2024
To our shareholders:President Koji Nakamura
KYORITSU MAINTENANCE CO., LTD.
2-18-8 Sotokanda, Chiyoda-ku, TokyoNOTICE OF THE 45TH ORDINARY GENERAL MEETING OF
SHAREHOLDERS
We would like to express our deepest sympathies to the victims of the 2024 Noto Peninsula Earthquake.
You are cordially invited to attend the 45th Ordinary General Meeting of Shareholders of KYORITSU
MAINTENANCE CO., LTD. (the “Company”), which will be held as described below.
In convening this General Meeting of Shareholders, the Company has taken measures for providing
information that constitutes the content of reference documents for the general meeting of shareholders, etc.
(matters for which measures for providing information in electronic format are to be taken) in electronic
format, and has posted the information on each of the following websites. Please access either of the websites
to view the information.
The Company’s website:
https://www.kyoritsugroup.co.jp/ir/ (in Japanese)(From the above website, select “IR,” then “IR calendar / General shareholders’ meeting.”)
Website for posted informational materials for the general meeting of shareholders:
https://d.sokai.jp/9616/teiji/ (in Japanese)
TSE website (Listed Company Search):https://www2.jpx.co.jp/tseHpFront/JJK010010Action.do?Show=Show (in Japanese)(Access the TSE website by using the internet address shown above, enter “KYORITSU MAINTENANCE”
in “Issue name (company name)” or the Company’s securities code “9616” in “Code,” and click “Search.”Then, click “Basic information” and select “Documents for public inspection/PR information.” Under “Filed
information available for public inspection,” click “Click here for access” under “[Notice of General
Shareholders Meeting /Informational Materials for a General Shareholders Meeting].”)If you do not attend the meeting, you may exercise your voting rights by electromagnetic means (e.g., via theInternet) or in writing by following the instructions (in Japanese only). Please take the time to review theReference Documents for the General Meeting of Shareholders stated below and exercise your voting rights.

-1-

Meeting Details
1. Date and Time: Wednesday, June 26, 2024, at 10:00 a.m. (Japan Standard Time)(Reception to begin at 9:00 a.m.)
2. Venue:

4th Floor Hall, Otemachi Sankei Plaza
Tokyo Sankei Building, 1-7-2, Otemachi, Chiyoda-ku, Tokyo* Please refer to General Meeting of Shareholders Venue Map (in Japanese only) at
the end of this material and be sure to come to the correct venue as it is not the same
venue as that used for the previous meeting.

3. Purposes:
Items to be reported:
1.

Business Report and Consolidated Financial Statements for the 45th Term (from April 1, 2023, to
March 31, 2024), as well as the results of the audit of the Consolidated Financial Statements by the
Accounting Auditor and the Audit and Supervisory Committee

2.

Non-Consolidated Financial Statements for the 45th Term (from April 1, 2023, to March 31, 2024)

Items to be resolved:
Proposal 1:

Appropriation of surplus

Proposal 2:

Election of fifteen (15) Directors (excluding Directors who are Audit andSupervisory Committee Members)

4. Regarding the Exercise of Voting Rights:(1) In the event that you exercise your voting rights in writing (via postal mail), if neither approval nor
disapproval of each proposal is indicated on the voting form, the Company will deem that you
indicated your approval of the proposal.
(2) If you exercise your voting rights more than once via the Internet, only the last vote shall be deemed
effective.
(3) If you exercise your voting right in duplicate both in writing (via postal mail) and via the Internet, theCompany will only deem your exercise via the Internet valid regardless of the time and date the votes
are received.
(4) If you exercise your voting rights by proxy, you may nominate one (1) shareholder with voting rights
to attend the meeting as a proxy. However, please note that it will be necessary to submit written proofof proxy rights.
For details, please refer to the “Procedures for Exercise of Voting Rights via the Internet” (in Japaneseonly).
* Please note that no gifts will be provided to shareholders.

-2-Reference Documents for the General Meeting of Shareholders
Proposals and reference information
Proposal 1:

Appropriation of surplus

In terms of the Company’s distribution policy, the Company has made a decision based on its basic stancesof “returning profits to shareholders with dividends linked to earnings and business performance” and“providing shareholders with stable and steady returns over the long term.”
For the fiscal year under review, the Company posted record earnings as performance for the dormitory
business, the Company’s main business, grew at a steady pace and performance for the hotel business was
firm, having improved dramatically compared to the previous fiscal year due to praise from many guests.
Therefore, the Company will pay a year-end dividend of 33 yen as noted in the press release NoticeConcerning Dividends from Surplus announced on May 15, 2024. The annual dividend for the fiscal year
under review, including the interim dividend, will be 49 yen, an increase of 27 yen (123%) compared to theprevious fiscal year.
In addition, the Company will establish the internal reserves necessary to carry out far-sighted management
policies at the appropriate times, including proactive capital investment and development of new businesses
in response to changes in the business environment at the same time.
The Company proposes the 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
33 yen per common share of the Company
Total amount of dividend: 1,287,474,111 yen
As a result, the dividend for the fiscal year under review, including the interim dividend, will be 49
yen per share.
(3) Effective date of distribution of dividends of surplus
June 27, 2024
2. Matters related to other appropriation of surplus(1) Item of surplus to be decreased and amount of decrease
Retained earnings brought forward: 4,100,000,000 yen(2) Item of surplus to be increased and amount of increase
General reserve: 4,100,000,000 yen-3-Proposal 2:

Election of fifteen (15) Directors (excluding Directors who are Audit and Supervisory
Committee Members)

The terms of all fourteen (14) Directors (excluding Directors who are Audit and Supervisory Committee
Members; hereinafter the same for this Proposal) will expire at the end of this General Meeting of
Shareholders. We have decided to increase the number of Directors by one (1) in order to reinforce themanagement system, and therefore, propose the election of fifteen (15) Directors.
This Proposal has been deliberated by the Nomination Committee, an advisory body, and reviewed by the
Audit and Supervisory Committee, and no objections to its implementation were raised.
The candidates for Directors are as follows:
Reference: List of candidates
No.

Name

1

Haruhisa Ishizuka

Chairman

Current position and responsibilities in the Company
Reelection

2

Koji Nakamura

President

Reelection

3

Yukihiro Sagara

Executive Director responsible for HotelGroup

Reelection

4

Yasuo Ohara

Executive Director responsible for
Dormitory Group

Reelection

5

Manabu Takaku

Executive Director responsible forPlanning and Development Group

Reelection

6

Masaki Suzuki

Director, General Manager of HotelBusiness Strategy Division

Reelection

7

Yoshio Kimizuka

Director, General Manager of SeniorLife Business Division

Reelection

8

Hiroshi Yokoyama

Director, General Manager ofDevelopment Division

Reelection

9

Rie Momose

Director, General Manager of Food
Division

Reelection

10

Takayuki Musha

Director responsible for Management
Group, General Manager of Human
Resources and General Affairs Division

Reelection

11

Hideaki Inaoka

General Manager of Group Sales
Planning Division

12

Shigeto Kubo

Director

Independent Officer
OutsideReelection

13

Yasunobu Hirata

Director

Independent Officer
OutsideReelection

14

Takayuki Hayakawa

Director

Independent Officer
OutsideReelection

15

Keiko Oda

Director

Independent Officer
OutsideReelection

Note: The name of Keiko Oda in the family register is Keiko Hosoai.

-4-

New election

No.

Name (Date of birth)Haruhisa Ishizuka(October 21, 1947)1

Reelection
Tenure as Director:
44 years

Career summary, position and responsibilities in the Company
Sept. 1979

Establishment of the Company; President

June 2006

Chairman (present position)[Significant concurrent positions outside the Company]
Chairman, Kyoritsu Estate Co., Ltd.
Audit and Supervisory Board Member, Kyoritsu Foods
Service Co., Ltd.
Auditor, Kyoritsu Foods Management Co., Ltd.
Auditor, Kyoritsu Oasis Co., Ltd.
Auditor, Kyoritsu Refre forum Co., Ltd.
Councilor, KYORITSU INTERNATIONAL FOUNDATION
Councilor, KYORITSU IKUEIKAI
Director, Milestone International Japan Co., Ltd.
Director, Yoei Holding Co., Ltd.
Director, TERA Association Inc.
Director, KYORITSU FOODS CO., INC.
Audit and Supervisory Board Member, SHINSEI FOODS
Co., Ltd.
Audit and Supervisory Board Member, OT Comnet Co., Ltd.

Number of theCompany’s
shares owned

1,052,984[Reasons for nomination as candidate for Director]
The candidate has led the Company’s management and contributed to the Company’s development for morethan 40 years as a founder. The candidate’s management achievements, broad business knowledge withexcellent foresight, and leadership in continuously raising corporate value will be necessary for theCompany’s future growth, and accordingly, the Company requests that he be reelected.
[Special interest between the candidate and the Company]
There is a commercial building leasing relationship between the Company and Haruhisa Ishizuka, and withMilestone International Japan Co., Ltd., where Haruhisa Ishizuka is Director.

-5-

No.

2

Name (Date of birth)

Career summary, position and responsibilities in the Company
Apr. 1995

Joined the Company

Apr. 1999

Manager of Accounting Division,
Administration Department

May 2004

Executive Officer, Manager of General
Finance and Accounting Division, Group
Administration Department

June 2006

Director, Manager of General Finance andAccounting Division, and Manager ofManagement and Administration Division,
Group Administration Department

May 2008

Director responsible for Management
Planning and Manager of General Planning
Division, Manager of General Finance andAccounting Division, Group Administration
Department

Koji Nakamura(June 10, 1962)

May 2010

Reelection

Director, General Manager of Management
Planning Department, Group Administration
Supervisory Department

Apr. 2016

Tenure as Director:
18 years

Director, General Manager of Management
Planning Department

Apr. 2018

Director, General Manager of Management
Planning Department and Manager of IR
Section

Apr. 2019

Executive Director responsible for Planningand Development Group

Apr. 2021

President (present position)

Number of theCompany’s
shares owned

11,927[Significant concurrent positions outside the Company]
None[Reasons for nomination as candidate for Director]
The candidate has been involved in operations in planning and development for many years and has been
responsible for management as Director for 18 years, and since April 2021, he has led management as
President of the Company. In order to put into practice a corporate culture that puts customer satisfaction first,
and realize the creation of a solid business base, and a further strengthening of the corporate structure, thecandidate’s abundant business experience, knowledge of management, and leadership will be necessary, andaccordingly, the Company requests that he be reelected.
[Special interest between the candidate and the Company]
Koji Nakamura utilizes the employees’ financing system of the Company.

-6-

No.

Name (Date of birth)

Career summary, position and responsibilities in the Company
Nov. 1991

Joined the Company

May 2001

Executive Officer, Manager of Dormy Inn
Business Division

June 2006

Director, Manager of HOTEL & SPA
Division, and General Manager of Spa
Therapy Division, Business Development
Department

Oct. 2006

Director, General Manager of Hotel Business
Department

May 2008

Director responsible for Dormy Inn, HotelBusiness Department

May 2009

Director, General Manager of Dormy Inn
Business Department, Hotel BusinessSupervisory Department

June 2011

Director, General Manager of Dormy Inn
Business Department and Manager of WestJapan Business Division, and Manager ofOverseas Business Development Division,
Hotel Business Supervisory Department

Apr. 2016

Director, General Manager of Dormy Inn
Business Department

Apr. 2019

Executive Director responsible for HotelGroup

June 2022

Executive Director responsible for HotelGroup, General Manager of Dormy Inn
Business Department

Apr. 2023

Executive Director responsible for HotelGroup (present position)

Yukihiro Sagara(March 17, 1964)
3

Reelection
Tenure as Director:
18 years

Number of theCompany’s
shares owned

9,654[Significant concurrent positions outside the Company]
Director, OH-SHIMA FORUM Co., Ltd.
[Reasons for nomination as candidate for Director]
The candidate has been involved in the Hotel business and has been responsible for management as Director.
He has extensive business experience in the Company and possesses management knowledge. In addition, thecandidate has outstanding character and insight, and accordingly, the Company requests that he be reelected
as Director.
[Special interest between the candidate and the Company]
None

-7-

No.

4

Name (Date of birth)

Yasuo Ohara(November 27, 1970)

Career summary, position and responsibilities in the Company
Jan. 1998

Joined the Company

June 2007

Manager of First Business Division at theEast Japan Branch Office, Dormitory
Operations Division

Apr. 2015

Executive Officer, General Manager ofDormitory Business Tokyo Metropolitan Area
Department, Dormitory Business Supervisory
Department and Manager of First Corporate
Sales Division

Apr. 2017

Executive Officer, Manager of Tokyo
Metropolitan Area Supervisory Department,
Dormitory Operations Division

Apr. 2019

Executive Officer, General Manager ofDormitory Operations Division

Apr. 2021

Managing Executive Officer responsible for
Dormitory Group, General Manager ofDormitory Operations Division

June 2021

Executive Director responsible for Dormitory
Group, General Manager of Dormitory
Operations Division

Apr. 2022

Executive Director responsible for Dormitory
Group (present position)

Reelection
Tenure as Director:
3 years

Number of theCompany’s
shares owned

6,355[Significant concurrent positions outside the Company]
Director, Kyoritsu Financial Service Co., Ltd.
Director, i Kabushiki Gaisha[Reasons for nomination as candidate for Director]
The candidate has been involved in the Dormitory business, has extensive business experience in the
Company, and possesses management knowledge. In addition, the candidate has outstanding character andinsight, and accordingly, the Company requests that he be reelected as Director.
[Special interest between the candidate and the Company]
Yasuo Ohara utilizes the employees’ financing system of the Company.

-8-

No.

Name (Date of birth)

Career summary, position and responsibilities in the Company
Aug. 1997

Joined the Company

May 2010

Manager of General Finance and Accounting
Division, Management Planning Department,Group Administration Supervisory
Department

Apr. 2015

Manager of Management and Administration
Division, and Manager of General Financeand Accounting Division, Management
Planning Department, Group Administration
Supervisory Department

Apr. 2016

Manager of Management and Administration
Division, and Manager of Finance Division,
Management Planning Department, Group
Administration Department

Apr. 2017

Executive Officer, Manager of Management
Planning Division, Management Planning
Department

Apr. 2019

Executive Officer, General Manager ofManagement Planning Department andManager of Management Planning Division

Apr. 2021

Managing Executive Officer responsible forPlanning and Development Group, andGeneral Manager of Management Planning
Department

June 2021

Executive Director responsible for Planningand Development Group, and General
Manager of Management Planning
Department

Apr. 2022

Executive Director responsible for Planningand Development Group, General Manager ofCorporate Planning Division, and General
Manager of Integrated Sales Division

Oct. 2023

Executive Director responsible for Planningand Development Group, and General
Manager of Management Planning
Department

Apr. 2024

Executive Director responsible for Planningand Development Group (present position)

Manabu Takaku(January 24, 1975)
5

Reelection
Tenure as Director:
3 years

Number of theCompany’s
shares owned

6,332[Significant concurrent positions outside the Company]
Auditor, Kyoritsu Estate Co., Ltd.
Director, Kyoritsu Financial Service Co., Ltd.
Councilor, KYORITSU INTERNATIONAL FOUNDATION[Reasons for nomination as candidate for Director]
The candidate has been involved in carrying out operations in management planning and finance andaccounting. He also has extensive business experience in the Company and possesses management
knowledge. In addition, the candidate has outstanding character and insight, and accordingly, the Company
requests that he be reelected as Director.
[Special interest between the candidate and the Company]
None

-9-

No.

6

Name (Date of birth)

Career summary, position and responsibilities in the Company
Sept. 1997

Joined the Company

Oct. 1998

Joined Kyoritsu Trust Co., Ltd.

Jan. 2003

Joined the Company

May 2009

Executive Officer, General Manager ofResorts Business Department, Hotel BusinessSupervisory Department

June 2011

Director, General Manager of Resorts
Business Department, and Manager of East
Japan Business Division, and Manager ofHotel Sales Promotion Division, HotelBusiness Supervisory Department

May 2012

Director, General Manager of Resorts
Business Department, Hotel BusinessSupervisory Department

Masaki Suzuki(November 14, 1968)

Apr. 2016

Director, General Manager of Resorts
Business Department

Reelection

Apr. 2020

Tenure as Director:
13 years

Director, General Manager of Resorts
Business Department and Manager ofOperation Promotion Department

Apr. 2021

Director, General Manager of Resorts
Business Department

Apr. 2023

Director, General Manager of Hotel Business
Strategy Division (present position)

Number of theCompany’s
shares owned

6,039[Significant concurrent positions outside the Company]
None[Reasons for nomination as candidate for Director]
The candidate has been involved in the Hotel business and has been responsible for management as Director.
He has extensive business experience in the Company and possesses management knowledge. In addition, thecandidate has outstanding character and insight, and accordingly, the Company requests that he be reelected
as Director.
[Special interest between the candidate and the Company]
None

Yoshio Kimizuka(June 8, 1962)
7

Reelection
Tenure as Director:
9 years

May 2009

Joined the Company
Executive Officer, Manager of Second
Business Division, East Japan Department,
Dormitory Business Supervisory Department

Apr. 2015

Executive Officer, General Manager ofDormitory Business Branch Office
Supervisory Department, Dormitory BusinessSupervisory Department

June 2015

Director, General Manager of Dormitory
Business Branch Office Supervisory
Department, Dormitory Business Supervisory
Department

Nov. 2016

Director, General Manager of Senior Life
Business Division (present position)

4,343[Significant concurrent positions outside the Company]
None[Reasons for nomination as candidate for Director]
The candidate has been involved in the Senior Life business and has been responsible for management as
Director. He has extensive business experience in the Company and possesses management knowledge. In
addition, the candidate has outstanding character and insight, and accordingly, the Company requests that hebe reelected as Director.
[Special interest between the candidate and the Company]
None- 10 -

No.

Name (Date of birth)

Hiroshi Yokoyama(February 20, 1962)
8

Reelection
Tenure as Director:
8 years

Career summary, position and responsibilities in the Company
Nov. 1992

Joined the Company

June 2007

Joined Builnet Co., Ltd.
Executive Vice President of Builnet Co., Ltd.

Apr. 2009

President of Builnet Co., Ltd.

Apr. 2016

Joined the Company
Executive Officer, General Manager ofBusiness Development Department

June 2016

Director, General Manager of Business
Development Department

Apr. 2019

Director, General Manager of Development
Division

Apr. 2023

Director, General Manager of Facility
Development & Management Division

Apr. 2024

Director, General Manager of Development
Division (present position)

Number of theCompany’s
shares owned

20,247[Significant concurrent positions outside the Company]
Director, Kyoritsu Estate Co., Ltd.

[Reasons for nomination as candidate for Director]
The candidate has been involved in carrying out operations in business development and has been responsible
for management as Director. The candidate also has extensive business experience in the Company andpossesses management knowledge. In addition, the candidate has outstanding character and insight, andaccordingly, the Company requests that he be reelected as Director.
[Special interest between the candidate and the Company]
None

Rie Momose(March 3, 1970)
9

Reelection
Tenure as Director:
5 years

Nov. 2005

Joined the Company

June 2011

Manager of Food Development Department,
Food Division

Apr. 2016

Executive Officer, General Manager of FoodManagement Department and Manager ofFood Management Division

Apr. 2019

Executive Officer, General Manager of Food
Division

June 2019

Director, General Manager of Food Division

July 2020

Director, General Manager of Food Division,and Manager of Menu Development
Department

Apr. 2022

Director, General Manager of Food Division(present position)

3,003[Significant concurrent positions outside the Company]
Director, Kyoritsu Foods Management Co., Ltd.
President, Kyoritsu Oasis Co., Ltd.
Director, KYORITSU FOODS CO., INC.

[Reasons for nomination as candidate for Director]
The candidate has been involved in execution of the food business and has been responsible for management
as Director. She has extensive business experience in the Company and possesses management knowledge. In
addition, the candidate has outstanding character and insight, and accordingly, the Company requests that she
be reelected as Director.
[Special interest between the candidate and the Company]
None- 11 -

No.

Name (Date of birth)

Takayuki Musha
May 10, 1965
10

Career summary, position and responsibilities in the Company
Mar. 2011

Joined the Company

Apr. 2013

General Manager of Dormy Inn Operations
Planning Office, Dormy Inn Business
Department, Hotel Business Supervisory
Department

Apr. 2014

Manager of West Japan Business Division
and General Manager of Dormy Inn
Operations Planning Office, Dormy Inn
Business Department, Hotel BusinessSupervisory Department

Apr. 2015

General Manager of Dormy Inn Human
Resources Development Department, DormyInn Business Department, Hotel BusinessSupervisory Department

Apr. 2016

Manager of Administration Supervisory
Department, Dormy Inn Business Department

Apr. 2019

Manager of HR Department, Human
Resources and General Affairs Division,
Management Group

Apr. 2020

General Manager of Human Resources andGeneral Affairs Division, Management Group

June 2023

Director responsible for Management Group,
General Manager of Human Resources andGeneral Affairs Division (present position)

Reelection
Tenure as Director:
1 yearNumber of theCompany’s
shares owned

788[Significant concurrent positions outside the Company]
Director, KYORITSU SOLUTIONS CO., LTD.
President, Kyoritsu Assist Co., Ltd.
[Reasons for nomination as candidate for Director]
The candidate has been involved in carrying out operations in human resources and general affairs and has
been responsible for management as Director. The candidate also has extensive business experience in the
Company and possesses management knowledge. In addition, the candidate has outstanding character andinsight, and accordingly, the Company requests that he be reelected as Director.
[Special interest between the candidate and the Company]
None- 12 -

No.

11

Name (Date of birth)

Career summary, position and responsibilities in the Company
Apr. 1988

Joined Nikko Securities Co., Ltd. (Kabutocho
Branch)Aug. 2008

General Manager of Corporate Division,
Nikko Citigroup Limited

Nov. 2009

General Manager of Third Business Company
Department, Nikko Cordial Securities, Inc.

Mar. 2014

General Manager of Yokohama Branch,
SMBC Nikko Securities Inc.

Mar. 2017
Hideaki Inaoka
November 30, 1964

Executive Officer, Head of Kinki District,
SMBC Nikko Securities Inc.

Apr. 2020

Managing Director, Nikko Investor Relations
Co., Ltd.

New election

Oct. 2023

Joined the Company, General Manager ofIntegrated Sales Division

Tenure as Director:-

Apr. 2024

General Manager of Group Sales Planning
Division (present position)

Number of theCompany’s
shares owned

1,000[Significant concurrent positions outside the Company]
None[Reasons for nomination as candidate for Director]
The candidate has been involved in the securities industries for many years. He has corporate management
knowledge and extensive experience in management and corporate management. In addition, the candidate
has outstanding character and insight, and accordingly, the Company requests that he be elected as Director.
[Special interest between the candidate and the Company]
Hideaki Inaoka utilizes the employees’ financing system of the Company.

Shigeto Kubo
(January 15, 1954)
12

Independent Officer
OutsideReelection

Apr. 1977

Joined Ministry of Land, Infrastructure,
Transport and Tourism

Aug. 2010

Director-General of Railway Bureau,
Ministry of Land, Infrastructure, Transport
and Tourism

Sept. 2012

Deputy Vice-Minister, Minister’s Secretariat,
Ministry of Land, Infrastructure, Transport
and Tourism

Aug. 2013

Commissioner of Japan Tourism Agency,
Ministry of Land, Infrastructure, Transport
and Tourism

Sept. 2015

Retired from Ministry of Land, Infrastructure,
Transport and Tourism

June 2016

Director of Japan Travel and Tourism
Association

June 2019

Director, the Company (present position)

June 2020

Senior Managing Director, Airport Transport
Service Co., Ltd.

Tenure as Outside Director:
Apr. 2022
5 years

Chairman and Executive Officer, TOBU TOPTOURS CO., LTD (present position)[Significant concurrent positions outside the Company]
Chairman and Executive Officer, TOBU TOP TOURS CO.,LTD
[Reasons for nomination as candidate for Outside Director and overview of expected roles]
The candidate has been involved in the administration in the areas of land, infrastructure and transport, as
well as tourism, for many years. The Company expects that he will utilize his objective, broad and advanced
perspective in management of the Company based on his experience and abundant knowledge. Accordingly,
the Company requests that he be reelected as Outside Director. He will have served as Outside Director for
five years at the end of the General Meeting of Shareholders.
[Special interest between the candidate and the Company]
None- 13 --

No.

Name (Date of birth)

Yasunobu Hirata(August 29, 1948)

13

Independent Officer
OutsideReelection

Career summary, position and responsibilities in the Company
Dec. 1974

Joined Internal Medicine Division, Universityof Tokyo Hospital

June 1976

Staff member for internal medicine, Mitsui
Memorial Hospital

July 1981

Research Fellow, University of Minnesota
Division of General Internal Medicine

Apr. 1992

Director, Internal Medicine, University ofTokyo Hospital

Apr. 2004

Manager, Cardiovascular Medicine,
University of Tokyo Hospital

Apr. 2013

Director, Tokyo Teishin Hospital

Apr. 2019

Honorary Director, Tokyo Teishin Hospital(present position)

June 2019

Executive Director, Sleep Apnea Syndrome
Support Center (present position)

Number of theCompany’s
shares owned-

Director, the Company (present position)
Tenure as Outside Director: June 2020
4 years[Significant concurrent positions outside the Company]
Honorary Director, Tokyo Teishin Hospital
Executive Director, Sleep Apnea Syndrome Support Center[Reasons for nomination as candidate for Outside Director and overview of expected roles]
The candidate has extensive experience and knowledge acquired from many years of engaging in medical
treatment as a clinician and student instruction as a university professor. He also has working experience inmanagement at a university, hospitals and others. Therefore, the Company expects that he will provide
valuable advice for the Company’s management and health and hygiene aspects. Accordingly, the Company
requests that he be reelected as Outside Director. He will have served as Outside Director for four years at theend of the General Meeting of Shareholders.
[Special interest between the candidate and the Company]
None- 14 -

No.

14

Name (Date of birth)

Career summary, position and responsibilities in the Company
Apr. 1972

Joined Sumitomo Mitsui Banking
Corporation

Apr. 2006

Executive Officer, Head of East Japan Middle
Market Banking Division III, Sumitomo
Mitsui Banking Corporation

May 2009

Senior Managing Executive Officer, Ginsen
Co., Ltd.

June 2010

President, Yoei Holding Co., Ltd. andPresident, Yoei Co., Ltd.

June 2013

Audit & Supervisory Board Member, Riken
Technos Corporation

Takayuki Hayakawa(February 16, 1954)

June 2016

Independent Officer
OutsideReelection

Director, Audit & Supervisory Committee
Member, Riken Technos Corporation (present
position)

May 2017

Director, TKP Corporation

June 2017

Director, Toyo Kosan Co., Ltd.

May 2019

Auditor, TKP Corporation (present position)

Number of theCompany’s
shares owned

Tenure as Outside Director: June 2020
Director, the Company (present position)
4 years[Significant concurrent positions outside the Company]
Director, Audit & Supervisory Committee Member, Riken
Technos Corporation
Auditor, TKP Corporation[Reasons for nomination as candidate for Outside Director and overview of expected roles]
The candidate has advanced knowledge regarding finance, accounting and market analysis based on his
working experience at a major city bank and extensive knowledge about corporate management based on his
experience as a manager of real estate companies. Therefore, the Company expects that he will provide
valuable advice for the Company’s management decision-making and business execution. Accordingly, theCompany requests that he be reelected as Outside Director. He will have served as Outside Director for four
years at the end of the General Meeting of Shareholders.
[Special interest between the candidate and the Company]
None- 15 --

No.

Name (Date of birth)

Keiko Oda
(Name in family register:
Keiko Hosoai)(February 15, 1972)
15

Independent Officer
OutsideReelection

Career summary, position and responsibilities in the Company
Apr. 1994

Joined RSK Sanyo Broadcasting Co., Ltd.

Jan. 2001

Contracted with IKUSHIMA PLANNING
INC.

June 2005

President, JAT Inc. (present position)

Apr. 2017

Board Member, Regional Tourism Promotion
Consortium

Dec. 2017

Member, Cool Japan Public-Private
Partnership Platform, Cabinet Office (present
position)

June 2020

Director, the Company (present position)

Number of theCompany’s
shares owned-[Significant concurrent positions outside the Company]
President, JAT Inc.
Member, Cool Japan Public-Private Partnership Platform,
Cabinet OfficeTenure as Outside Director:
4 years[Reasons for nomination as candidate for Outside Director and overview of expected roles]
The candidate has been involved in the international publication of tourism in Japan and its food culture andthe regional revitalization through the Cool Japan initiative and other activities for many years. The Company
expects that she will provide valuable advice for the Company’s management decision-making and businessexecution based on her experience and extensive knowledge. Accordingly, the Company requests that she bereelected as Outside Director. She will have served as Outside Director for four years at the end of theGeneral Meeting of Shareholders.
[Special interest between the candidate and the Company]
None
Notes:

1. The Company has taken out a liability insurance policy for directors and officers from an insurance company,
with each director of the Group as insured, as stipulated in Article 430-3, paragraph 1 of the Companies Act, andrenewed the policy in April 2024. This insurance policy will cover litigation costs and payment of damages
incurred by the insured in third-party lawsuits and shareholder derivative lawsuits. If the candidates are electedby the resolution, they will be included in the insured under the policy. On the next renewal date of the insurance
policy, the Company plans to renew it with the same terms and conditions.
2. Shigeto Kubo, Yasunobu Hirata, Takayuki Hayakawa and Keiko Oda are candidates for Outside Director. The
Company has designated Shigeto Kubo, Yasunobu Hirata, Takayuki Hayakawa and Keiko Oda, as independent
officers as provided for by Tokyo Stock Exchange, Inc. and submitted notifications to the said Exchange.
3. Pursuant to the provisions of Article 427, paragraph 1 of the Companies Act, the Company has entered into alimited liability agreement with Shigeto Kubo, Yasunobu Hirata, Takayuki Hayakawa and Keiko Oda to limit theamount of their liability for damages under Article 423, paragraph 1 of the same Act. The limit of liability fordamages under the agreement is the minimum liability limit amount as provided for by Article 425, paragraph 1of the same Act. If the reelection of Shigeto Kubo, Yasunobu Hirata, Takayuki Hayakawa and Keiko Oda isapproved, the Company plans to renew the said agreement.
4. The number of the Company’s shares owned by each candidate is the number as of the end of the fiscal year
under review (March 31, 2024), before the stock split conducted on April 1, 2024.

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Skills matrix of the Board of Directors
The skills of candidates for the Company’s Directors are as follows:
Corporate
HR /Knowledge Specific
Legal /
Planning /Finance /Labor /of theIndustry
Sales /
Risk
DX / ITManageAccountPersonnel
Company’s KnowlMarketing
ManageStrategy
ment
ing / IR
DevelopBusiness
edge
ment
Strategy
ment

ESG /
Sustainability

No.

Name

GenderCurrent position in the
Company

1Haruhisa
Ishizuka

Male

ChairmanInternal

○

○

○

○

2

Koji
Nakamura

Male

PresidentInternal

○

○

○

○

3

Yukihiro
SagaraMale

Executive
Director

Internal

○

○

○

○

○

4

Yasuo Ohara

Male

Executive
Director

Internal

○

○

○

○

○

5

ManabuTakakuMale

Executive
Director

Internal

○

○

○

○

○

6

MasakiSuzukiMale

Director

Internal

○

○

○

7

YoshioKimizuka

Male

Director

Internal

○

○

○

8

HiroshiYokoyama

Male

Director

Internal

○

○

○

9

Rie Momose

FemaleDirector

Internal

○

○

○

10

Takayuki
Musha

Male

Director

Internal○○

11

HideakiInaoka

Male

GeneralManagerInternal

Male

Director

Independent
Outside12 Shigeto Kubo

○

○

○

Male

Director

Independent
Outside

○

○

○

15

Keiko Oda

FemaleDirector

Independent
Outside

○

○

○

○

○

○

○

○

○

18

Tokio
Kawashima

Male

Note:

○

○

Takayuki
Hayakawa

Male

○

○

14

ToshiakiMiyagi

○

○

○

17

○

○

○

○

○

○

Independent
Outside○○○Director

Male

○

○

Male

Takumi Ueda○○

Yasunobu
Hirata

16

○

○

13

Director(Audit andSupervisory
Internal
Committee
Member)Director(Audit andIndependent
Supervisory
OutsideCommittee
Member)Director(Audit andIndependent
Supervisory
OutsideCommittee
Member)

○

○

○

○

○
○

○

○

○

○

○

Among the skills possessed by each candidate for Director, the above table shows the skills in fields and experience that the Company
particularly expects of them, and is not a list of all their skills.

- 17 -