This document has been translated from the Japanese original for reference purposes only. In the event ofany discrepancy between this translated document and the Japanese original, the original shall prevail. The
Company assumes no responsibility for this translation or for direct, indirect or any other forms of damages
arising from the translation.

Stock Code: 4099
March 6, 2024
(Measures for electronic provision commenced on March 4, 2024)
To Shareholders with Voting Rights:
Mitsunori Watanabe
Representative Director and President
SHIKOKU KASEI HOLDINGS CORPORATION
8-537-1, Doki-cho-higashi, Marugame-shi,
Kagawa Prefecture, JapanNOTICE OF
THE 104th ANNUAL GENERAL MEETING OF SHAREHOLDERS
Dear Shareholders:
We would like to express our appreciation for your continued support and patronage.
We hereby inform you that the 104th Annual General Meeting of Shareholders of SHIKOKU KASEI HOLDINGSCORPORATION (the “Company”) will be held as described below, and that you are invited to attend the meeting.
For this General Meeting of Shareholders, we have taken measures for the electronic provision of theinformation contained in the Reference Documents for the General Meeting of Shareholders, etc. (matterssubject to measures for electronic provision). This information has been posted on the Company’s website.
Please access the website shown below to view the information.
The Company’s website: https://www.shikoku.co.jp/ir/meeting/(Please access the Company’s website above, select “The 104th Annual General Meeting of Shareholders” andview the information in the “Related Materials” section.)
The matters subject to measures for electronic provision are also posted on the website of the Tokyo Stock
Exchange. Please access the website below to view the information.
The website of the Tokyo Stock Exchange (Tokyo Stock Exchange Listed Company Search):https://www2.jpx.co.jp/tseHpFront/JJK010010Action.do?Show=Show(Please access the Tokyo Stock Exchange website above, search by entering “SHIKOKU KASEI HOLDINGS”
as “Issue name (company name)” or “4099” as “Code” and select “Basic information” then “Documents for
public inspection/PR information” to view the information.)
If you are not attending the meeting in person, you can exercise your voting rights via the Internet, etc. orin writing. To exercise your voting rights, please review the Reference Documents for the General Meeting of
Shareholders and exercise your voting rights no later than 5:00 p.m. Japan time on Wednesday, March 27,
2024.

-1-

1. Date and Time:
2. Place:

Thursday, March 28, 2024 at 10:00 a.m. Japan time
SHIKOKU KASEI HOLDINGS CORPORATION Head Office
Hall, 6th floor
8-537-1, Doki-cho-higashi, Marugame-shi, Kagawa Prefecture, Japan

3. Meeting Agenda:
Matters to be reported:1. The Business Report and Consolidated Financial Statements for theCompany’s 104th Fiscal Year (January 1, 2023 - December 31, 2023) andresults of audits by the Accounting Auditor and the Board of Auditors of
the Consolidated Financial Statements
2. Non-consolidated Financial Statements for the Company’s 104th Fiscal
Year (January 1, 2023 - December 31, 2023)
Proposals to be resolved:
Election of Ten (10) Directors
Proposal 1:
Election of One (1) Statutory Auditor
Proposal 2:

◼
◼
◼

◼
◼

When attending the meeting, please submit the Voting Rights Exercise Form sent to shareholders at the reception
desk on the day of the meeting.
Souvenirs will not be distributed to shareholders attending the meeting. Your understanding is requested in thismatter.
The paper copy of this Notice sent to shareholders also serves as the paper copy describing the matters subject
to measures for electronic provision to be sent to shareholders based on requests for the paper copy. Of thematters subject to measures for electronic provision, the following matters are not included in the paper copy ofthis Notice sent to shareholders, in accordance with provisions of laws and regulations as well as the Company’s
Articles of Incorporation.
 “Systems for Ensuring Appropriateness of Operations and Their Situation” and “Basic Policy on Control of
the Company,” which are part of the Business Report
 “Consolidated Statements of Changes in Shareholders’ Equity” and “Notes to Consolidated Financial
Statements,” which are part of the Consolidated Financial Statements
 “Non-consolidated Statements of Changes in Shareholders’ Equity” and “Notes to Non-consolidated Financial
Statements,” which are part of the Non-consolidated Financial Statements
Therefore, the paper copy of this Notice sent to shareholders are part of the Business Report, the ConsociatedFinancial Statements, and the Non-consolidated Financial Statements audited by Statutory Auditors in preparing
the Audit Report and part of the Consolidated Financial Statements and the Non-consolidated Financial
Statements audited by the Accounting Auditor in preparing the Audit Report of the Accounting Auditor.
Notice of any revisions to the matters subject to measures for electronic provision will be posted on the
Company’s website and the website of the Tokyo Stock Exchange shown above, together with the relevant
matters before and after revision.
Institutional investors may use the electronic voting system platform operated by ICJ, Inc. to exercise theirvoting rights.

-2-

Reference Documents for the General Meeting of Shareholders
Proposals and References
Proposal 1:

Election of Ten (10) Directors

The terms of office of all ten (10) Directors will expire at the conclusion of this General Meeting of
Shareholders. Accordingly, the election of ten (10) Directors is proposed.
The candidates for Director are as follows.
No.

Name

GenderCurrent position in the Company

Attribute1

Mitsunori Watanabe

Male

Representative Director and President

Reappointment

2

Jun Matsubara

Male

Senior Managing Executive Director

Reappointment

3

Yoshinori Manabe

Male

Executive Director

Reappointment

4

Makoto Hamazaki

Male

Executive Director

Reappointment

5

Yuichi Ikeda

Male

Director

Reappointment

6

Yoshiaki Ando

Male

Director

Reappointment

7

Kiyoshi Mori

Male

Outside Director

8

Shoichiro Tonomura

Male

—

9

Minoru Ota

Male

—

10

Sachiko Ishikawa

Female—New appointment: Candidate for newly appointed Director
Reappointment: Candidate for reappointed Director
Outside: Candidate for Outside Director
Independent: Independent Director who is or will be notified to the Tokyo Stock Exchange-3-

Reappointment
OutsideIndependent
New appointment
OutsideIndependent
New appointment
OutsideIndependent
New appointment
OutsideIndependent

No.

Name
(Date of birth)

Career summary, positions, responsibilities,
and significant concurrent positions

Joined the Company
General Manager, Corporate Planning Dept., theCompany
Executive Officer; General Manager, Corporate
June 2013
Planning Dept., the Company
June 2014
Director; Executive Officer;
General Manager, Corporate Planning andSecretariat, the Company
June 2016
Director; Executive Officer;
General Manager, Corporate Planning, theCompany
Director; Executive Officer;
March 2017
Mitsunori Watanabe
Deputy Head, Planning and Management, the54,900(July 11, 1957)
Company(10,597)
Director; Executive Officer;
February 2018
[Reappointment]
Deputy Head, Planning and Management; Head,Osaka Branch Office, the Company
March 2019
Director; Executive Officer;
Head, Corporate Strategy Division, the Company
Director; Managing Executive Officer;
June 2019
Head, Corporate Strategy Division, the Company
April 2022
Director; Managing Executive Officer;
Head, Corporate Strategy & Business Promotion,
the Company
Representative Director and President, theJanuary 2023
Company (to present)
January 2024
Director, SHIKOKU KASEI CORPORATESERVICE CO., LTD. (to present)[Reason for nomination as candidate for Director]
Mr. Mitsunori Watanabe has been mainly engaged in the corporate planning division of the Company. He
assumed office as Director in 2014 and as Representative Director in 2023 and currently serves as
Representative Director and President. He has been responsible for administration and supervision of overallmanagement of the Company for many years. Based on his wealth of experience and knowledge, the Company
believes he is capable of appropriately executing his duties and proposes his reelection as Director.
April 1980
March 2002

1

Number ofshares of theCompany held
(Number ofshares to be
granted under
the stockcompensation
plan)

-4-

No.

Name
(Date of birth)

Career summary, positions, responsibilities,
and significant concurrent positions

April 1976
March 2000

2

Number ofshares of theCompany held
(Number ofshares to be
granted under
the stockcompensation
plan)

Joined the Company
General Manager, Logistics & Purchasing Dept.,
Chemicals Operations, the Company
June 2001
General Manager, Operational Management &Planning Dept., Chemicals Operations, theCompany
June 2005
General Manager, Operational Management &Planning, Chemicals Operations, the Company
June 2007
Executive Officer;
General Manager, Operational Management &Jun Matsubara
34,900Planning, Chemicals Operations, the Company(January 4, 1954)
June 2011
Statutory Auditor, the Company(10,036)
June 2019
Director; Managing Executive Officer;[Reappointment]
Head, Chemicals Sales & Marketing Division, theCompany
Director; Managing Executive Officer;
April 2022
Head, Chemicals Business, the Company
January 2023
Executive Director, the Company
Senior Managing Executive Director;
March 2023
Head, Group Compliance, the Company (topresent)[Significant concurrent positions] Representative Director and Chairman, Shikoku Ryutan Co., Ltd.
[Reason for nomination as candidate for Director]
Mr. Jun Matsubara has been mainly engaged in the chemicals operations of the Company. He assumed officeas Director in 2019 and currently serves as Senior Managing Executive Director. He has been responsible foradministration and supervision of overall management of the Company. Based on his wealth of experience andknowledge, the Company believes he is capable of appropriately executing his duties and proposes his
reelection as Director.

-5-

No.

Name
(Date of birth)

Career summary, positions, responsibilities,
and significant concurrent positions

April 1988

Joined the Company

March 2005

3

Number ofshares of theCompany held
(Number ofshares to be
granted under
the stockcompensation
plan)

General Manager, Logistics & Purchasing Dept.,
Housing Materials Operations, the Company
March 2017
Executive Officer;
General Manager, Sales & Marketing, Housing
Materials Operations, the Company
June 2018
Executive Officer;
Deputy Head, Housing Materials Operations;
General Manager, Sales & Marketing, Housing
Materials Operations, the Company
Yoshinori Manabe
March 2019
Executive Officer;(June 7, 1964)
21,000
Deputy Head, Business Promotion Division, the(5,831)Company[Reappointment]
June 2019
Director; Executive Officer;
Head, Business Promotion Division, the Company
April 2022
Director; Executive Officer;
Deputy Head, Corporate Strategy & Business
Promotion, the Company
January 2023
Executive Director, the Company (to present)
Representative Director and President, SHIKOKUKASEI KENZAI CORPORATION (to present)[Significant concurrent positions] Representative Director and President, SHIKOKU KASEI KENZAICORPORATION[Reason for nomination as candidate for Director]
Mr. Yoshinori Manabe has been mainly engaged in the housing materials operations of the Company. He
assumed office as Director in 2019 and currently serves as Executive Director. He has been responsible foradministration and supervision of overall management mainly of the housing materials operations. Based on his
wealth of experience and knowledge, the Company believes he is capable of appropriately executing his duties
and proposes his reelection as Director.

-6-

No.

Name
(Date of birth)

Career summary, positions, responsibilities,
and significant concurrent positions

April 1980

Joined the Company

March 2002
September 2004
March 2008
June 2012
March 2015

4

Number ofshares of theCompany held
(Number ofshares to be
granted under
the stockcompensation
plan)

General Manager, Technology Dept., the Company
Deputy Manager, Tokushima Plant, the Company
Deputy Manager, Marugame Plant, the Company
Manager, Marugame Plant, the Company
Executive Officer; Manager, Marugame Plant, theCompany
June 2018
Director; Executive Officer;
Head, Production and Technology; Manager,
Marugame Plant, the Company
March 2019
Director; Executive Officer;
Head, Production and Technology Division, theMakoto HamazakiCompany
48,800(January 27, 1958)
April 2022
Director; Executive Officer;(5,831)
Deputy Head, Chemicals Business;[Reappointment]
Head, Production and Technology, the Company
January 2023
Executive Director, the Company (to present)
Representative Director and President, SHIKOKUCHEMICALS CORPORATIONMarch 2023
Representative Director and President; Head, Sales& Marketing Division, SHIKOKU CHEMICALSCORPORATION
January 2024
Representative Director and President, SHIKOKUCHEMICALS CORPORATION (to present)[Significant concurrent positions] Representative Director and President, SHIKOKU CHEMICALSCORPORATION Representative Director and President, Shikoku Ryutan Co., Ltd.
[Reason for nomination as candidate for Director]
Mr. Makoto Hamazaki has been mainly engaged in the production and technology division of the Company.
He assumed office as Director in 2018 and currently serves as Executive Director. He has been responsible foradministration and supervision of overall management mainly of the chemicals operations. Based on his wealthof experience and knowledge, the Company believes he is capable of appropriately executing his duties andproposes his reelection as Director.

-7-

No.

Name
(Date of birth)

Career summary, positions, responsibilities,
and significant concurrent positions

April 1992

Joined the Company

Leader, Minute Chemicals Team, R&D Center, theCompany
March 2018
Deputy Manager, Tokushima Plant;
General Manager, Engineering Dept., the Company
March 2019
Manager, Tokushima Plant, the Company
April 2021
General Manager, Research and Development,
Research and Development of Chemical Products
Division;
Head, R&D Center, the Company
Yuichi Ikeda
June 2021
Executive Officer;(April 22, 1968)
15,800General Manager, Research and Development,(1,973)
Research and Development of Chemical Products
Division;[Reappointment]
Head, R&D Center, the Company
April 2022
Executive Officer;
General Manager, Research and Development,
Chemicals Business;
Head, R&D Center, the Company
January 2023
Executive Officer, the Company
Director; Managing Executive Officer; Head,
Research and Development, SHIKOKUCHEMICALS CORPORATION (to present)
March 2023
Director, the Company (to present)[Reason for nomination as candidate for Director]
Mr. Yuichi Ikeda has been mainly engaged in the research and development division of the Company andassumed office as Director in 2023. He has been responsible for administration and supervision of overallmanagement mainly of chemicals operations. Based on his wealth of experience and knowledge, the Company
believes he is capable of appropriately executing his duties and proposes his reelection as Director.
March 2006

5

Number ofshares of theCompany held
(Number ofshares to be
granted under
the stockcompensation
plan)

-8-

No.

Name
(Date of birth)

Career summary, positions, responsibilities,
and significant concurrent positions

April 1990
April 2019

6

Number ofshares of theCompany held
(Number ofshares to be
granted under
the stockcompensation
plan)

Joined Nomura Securities Co., Ltd.
Deputy Manager, Takamatsu Branch Office;Manager, Corporate Finance Sec., Nomura
Securities Co., Ltd.
April 2021
Joined the Company
General Manager, Assistant to Head, Corporate
Strategy Division, the Company
June 2021
General Manager, Finance & Accounting Dept.,
Business Promotion Division, the Company
April 2022
General Manager, Corporate Strategy and Finance,
Corporate Strategy & Business Promotion; General
Yoshiaki AndoManager, Finance & Accounting Dept., the(October 28, 1965)
11,544Company(973)
June 2022
Executive Officer;[Reappointment]
General Manager, Corporate Strategy and Finance,
Corporate Strategy & Business Promotion, theCompany
January 2023
Executive Officer; General Manager, the Company
Representative Director and President, SHIKOKUKASEI CORPORATE SERVICE CO., LTD. (topresent)
March 2023
Director; Head, Corporate Management, theCompany (to present)[Significant concurrent positions] Representative Director and President, SHIKOKU KASEICORPORATE SERVICE CO., LTD.
[Reason for nomination as candidate for Director]
Mr. Yoshiaki Ando has been mainly engaged in the corporate planning and management division of theCompany and assumed office as Director in 2023. He has been responsible for administration and supervision of
overall management mainly of corporate planning division and corporate service division. Based on his wealth ofexperience and knowledge, the Company believes he is capable of appropriately executing his duties andproposes his reelection as Director.

-9-

No.

Name
(Date of birth)

Career summary, positions, responsibilities,
and significant concurrent positions
April 1984
January 2002

7

Number ofshares of theCompany held

Joined MITSUI & CO., LTD.
General Manager, Metals No. 2 Dept., MITSUI &CO. (SHANGHAI) LTD.
February 2005
General Manager, Coal No. 2 Dept., Coal andNuclear Fuel Division, MITSUI & CO. LTD.
Kiyoshi Mori
July 2007
Vice President, Inner Mongolia Erdos Electric(April 7, 1960)
Power & Metallurgy Co., Ltd.
October 2011
General Manager, Ferro-Alloys Dept., MITSUI &
1,000[Reappointment]
CO., LTD.
April 2012
General Manager, Chinese Business Dept.,[Outside]
MITSUI & CO., LTD.
[Independent]
March 2014
Director & President, MITSUI & CO.
(GUANGDONG) LTD.
April 2017
President & CEO, Mitsui Bussan Metals Co., Ltd.
April 2019
Officer, MITSUI & CO., LTD.
June 2021
Director, the Company (to present)[Reason for nomination as candidate for Outside Director and overview of the expected role]
Mr. Kiyoshi Mori has experience and knowledge gained through his involvement in management as a director atother companies in addition to abundant overseas experience. The Company proposes his reelection as Outside
Director in the expectation that he will be involved in the Company’s management decision-making from an
objective standpoint by utilizing his expertise.

- 10 -

No.

Name(Date of birth)

Career summary and significant concurrent positions
April 1981

8

Number ofshares of theCompany held

Joined Asahi Chemical Industry Co., Ltd.
(currently Asahi Kasei Corp.)
April 1991
Head, LSI and Information Technology ResearchLaboratory, Asahi Chemical Industry Co., Ltd.
September 1999 Head, Central Research Laboratory, Asahi
Chemical Industry Co., Ltd.
Shoichiro Tonomura June 2006
General Manager, Substrate Materials Business
Division, Asahi Kasei Microdevices Corp.
(November 7, 1952)
April 2008
Executive Officer; Head, Research and0Development Center, Asahi Kasei Corp.
[New appointment]
April 2011
Executive Officer; Senior General Manager, Fuji
[Outside]
Office, Asahi Kasei Corp.
[Independent]
October 2013
Executive Director, Japan Science and Technology
AgencyOctober 2015
Senior Fellow, Japan Science and Technology
AgencyApril 2016
Auditor, Kobe University (to present)[Significant concurrent positions] Auditor, Kobe University[Reason for nomination as candidate for Outside Director and overview of the expected role]
Mr. Shoichiro Tonomura has experience gained through his involvement in research and development andbusiness in the fields of printed circuit boards and semiconductors at other companies, as well as experience andknowledge in corporate management and supervision at public interest corporations. The Company proposes hiselection as Outside Director in the expectation that he will be involved in the Company’s management decisionmaking from an objective standpoint by utilizing his expertise.

- 11 -

No.

Name(Date of birth)

Career summary and significant concurrent positions
April 1987

9

Number ofshares of theCompany held

Registered as attorney-at-law (Dai-Ichi Tokyo Bar
Association)
Joined Adachi, Henderson, Miyatake & Fujita
September 1991 Joined Tsunematsu Yanase & Sekine (currently
Nagashima Ohno & Tsunematsu)
June 1994
Graduated from University of Washington School
Minoru Ota
of Law(April 16, 1956)
August 1994
Visiting Lawyer, General Electric Company
January 1996
Partner, Tsunematsu Yanase & Sekine
0[New appointment]
April 1996
Part-Time Lecturer, School of Law Nagoya[Outside]
University[Independent]
April 2004
Professor, Keio University Law School
November 2006 Audit & Supervisory Board Member, FASTRETAILING CO., LTD.
January 2022
Senior Counsel, Nagashima Ohno & Tsunematsu(to present)[Significant concurrent positions] Senior Counsel, Nagashima Ohno & Tsunematsu[Reason for nomination as candidate for Outside Director and overview of the expected role]
Mr. Minoru Ota has accumulated abundant experience in domestic and international corporate legal affairs
through many years of practice as an attorney-at-law. The Company proposes his election as Outside Director in
the expectation that he will be involved in the Company’s management decision-making from an objective
standpoint by utilizing his expertise. Although he has no experience of being directly engaged in corporate
management, the Company judges that he is capable of appropriately executing his duties as Outside Director
from the reasons stated above.

- 12 -

No.

Name(Date of birth)

Career summary and significant concurrent positions

Number ofshares of theCompany held

July 1985

10

Protection Officer, United Nations HighCommissioner for Refugees (UNHCR) Thailand
OfficeOctober 1988
Protection Officer, UNHCR Hong Kong Office
January 1990
Consultant (Refugee Status Determination),
UNHCR Thailand Office
June 1992
Assistant Program Officer, Southeast Asia
Cooperation Fund, The Sasakawa Peace
Foundation (based in Bangkok)
February 1995
Program Officer, Southeast Asia Cooperation Fund,The Sasakawa Peace Foundation (based in
Sachiko Ishikawa
Bangkok)
April 1999
Regional Project Formulation Advisor, Japan(April 13, 1958)
International Cooperation Agency (JICA) Thailand
0
Office[New appointment]
June 2002
Project Formulation Advisor, JICA Malaysia[Outside]
Office[Independent]
October 2002
Regional Project Formulation Advisor, JICA
Thailand Office and Regional Support Office for
Asia
March 2005
Senior Advisor (Peacebuilding and South-South
Cooperation), JICA
March 2013
Completed Ph.D. program in Peace and Conflict
Studies, School of Social Science, Universiti Sains
Malaysia
April 2021
Professor, Ritsumeikan University College ofInternational Relations (to present)[Significant concurrent positions] Professor, Ritsumeikan University College of International Relations[Reason for nomination as candidate for Outside Director and overview of the expected role]
Ms. Sachiko Ishikawa has a wealth of international experience and knowledge in the fields of international
cooperation (humanitarian aid and development), international exchange, negotiation and communication. The
Company proposes her election as Outside Director in the expectation that she will be involved in the
Company’s management decision-making from an objective standpoint by utilizing her expertise. Although she
has no experience of being directly engaged in corporate management, the Company judges that she is capable ofappropriately executing her duties as Outside Director from the reasons stated above.

Notes: 1. No special interest exists between any of the candidates and the Company.
2. The number of shares of the Company held by each candidate and the number of shares to be granted
under the stock compensation plan are as of December 31, 2023. The number of shares to be granted
under the stock compensation plan corresponds to the number of points awarded to each candidate
under the trust-based stock compensation plan and is presented for reference.
3. Mr. Kiyoshi Mori, Mr. Shoichiro Tonomura, Mr. Minoru Ota, and Ms. Sachiko Ishikawa are candidates
for Outside Director. The Company has designated Mr. Kiyoshi Mori as an Independent Director basedon the stipulations by the Tokyo Stock Exchange and has notified his designation to the said exchange.
The Company also intends to designate Mr. Shoichiro Tonomura, Mr. Minoru Ota, and Ms. Sachiko
Ishikawa as Independent Directors based on the stipulations by the Tokyo Stock Exchange and notify
their designations to the said exchange.
4. Mr. Kiyoshi Mori will have been in office as Outside Director for two (2) years and nine (9) months at
the conclusion of this Annual General Meeting of Shareholders.

- 13 -

5. The Company has entered into a liability limitation agreement with Mr. Kiyoshi Mori, which limits theamount of liability for damages pursuant to Article 423 Paragraph 1 of the Companies Act to theminimum liability amount stipulated in Article 425 Paragraph 1 of the Companies Act. If his reelection
is approved, the Company intends to continue the said liability limitation agreement with him. The
Company also intends to enter into the same liability limitation agreement with Mr. Shoichiro
Tonomura, Mr. Minoru Ota, and Ms. Sachiko Ishikawa if they are elected.
6. The Company has entered into a directors and officers liability insurance contract as stipulated in
Article 430-3 Paragraph 1 of the Companies Act with an insurance company under which the Directors
are the insured. The said insurance contract covers damages to be borne by the insured in the event thata claim for damages is made due to an act committed by the insured in executing his/her duties(excluding cases in which the exemptions specified by the insurance contract apply). If the election of
the candidates is approved and they assume office as Director, they will be the insured under the said
insurance contract. The Company intends to renew the said insurance contract with the same contents atthe time of the next renewal.

- 14 -

Proposal 2:

Election of One (1) Statutory Auditor

The term of office of Statutory Auditor Mr. Nobuhiro Kagoike will expire at the conclusion of this General
Meeting of Shareholders. Accordingly, the election of one (1) Statutory Auditor is proposed.
The Board of Auditors has given its prior consent to this proposal.
The candidate for Statutory Auditor is as follows.
Number of
Name
Careersummaryandsignificant
concurrent
positionssharesof the(Date of birth)Company held
October 1981
Joined Tohmatsu Awoki & Co. (currently Deloitte
Touche Tohmatsu LLC)
April 1985
Registered as Certified Public Accountant
June 1999
Partner, Deloitte Touche Tohmatsu LLC
Hiroyasu Kawai
June 2007
Managing Partner of Okayama Office, Deloitte(March 29, 1959)
Touche Tohmatsu LLC
0
January 2012Managing Partner of Takamatsu Office, Deloitte[New appointment]
Touche Tohmatsu LLC
Managing Partner of Matsuyama Office, Deloitte[Outside]
Touche Tohmatsu LLC
September 2023 Retired from Deloitte Touche Tohmatsu LLC
October 2023
Established Kawai CPA Office
Representative, Kawai CPA Office (to present)[Reason for nomination as candidate for Outside Statutory Auditor]
Mr. Hiroyasu Kawai has accumulated abundant experience and specialized knowledge in corporate accounting
and auditing through many years of practice as a certified public accountant. The Company proposes hiselection as Outside Statutory Auditor so that he will be able to utilize his expertise for the Company’s audit
system. Although he has no experience of being directly engaged in corporate management, the Company
judges that he is capable of appropriately executing his duties as Outside Statutory Auditor from the reasonsstated above.
Notes: 1. No special interest exists between the candidate and the Company.
2. The number of shares of the Company held by the candidate is as of December 31, 2023.
3. Mr. Hiroyasu Kawai is a candidate for Outside Statutory Auditor.
4. If Mr. Hiroyasu Kawai is elected, the Company intends to enter into a liability limitation agreementwith him, which limits the amount of liability for damages pursuant to Article 423, Paragraph 1 of theCompanies Act to the minimum liability amount stipulated in Article 425, Paragraph 1 of theCompanies Act.
5. The Company has entered into a directors and officers liability insurance contract as stipulated in
Article 430-3, Paragraph 1 of the Companies Act with an insurance company under which the Statutory
Auditors are the insured. The said insurance contract covers damages to be borne by the insured in theevent that a claim for damages is made due to an act committed by the insured in executing his/herduties (excluding cases in which the exemptions specified by the insurance contract apply). If theelection of the candidate is approved and he assumes office as Statutory Auditor, he will be the insured
under the said insurance contract. The Company intends to renew the said insurance contract with thesame contents at the time of the next renewal.

- 15 -

(Reference)
Composition of the Board of Directors after the Meeting and its skills matrix
Particularly expected knowledge, experience, abilities, etc.
Name

Directors

Mitsunori
WatanabeJun
Matsubara
Yoshinori
ManabeMakotoHamazakiYuichi
Ikeda
YoshiakiAndo
KiyoshiMori
Shoichiro
Tonomura
MinoruOta
SachikoIshikawa

Statutory Auditors

Kazuhiko
Katayama
Kenji
TanabeKoji
Nishihara
Hiroyasu
Kawai

Reappointment
Reappointment
Reappointment
Reappointment
Reappointment
Reappointment
Reappointment
OutsideIndependent
New appointment
OutsideIndependent
New appointment
OutsideIndependent
New appointment
OutsideIndependent

OutsideIndependent
New appointment
OutsideFinance/
Accounting

Labor/
Legal/
Risk
management

●

●

●

●

●

●

●

●

●

●

●

●

●

●

●

●

●

●

●

●

●

●

●

●

●

●

●

●

●

●

●

●

●

●

●

●

Management/
Businessstrategy

ESG●

Sales/
Marketing/
Procurement

R&D/
Technology/
Production●

Internationality

●
●

●
●

●

●

●

●

●

●

●

●

●

●

●

●

* The matrix above does not describe all knowledge, experience, abilities, etc. possessed by each officer.

- 16 -●