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 shallprevail. The Company assumes no responsibility for this translation or for direct, indirect or any other formsof damages arising from the translation.
(Stock Exchange Code 6670)
June 11, 2019
To Shareholders with Voting Rights:
Yuji Takashima
Chairman
MCJ Co., Ltd.
6-14-53, Midori-cho, Kasukabe-shi,
Saitama

NOTICE OF CONVOCATION OF
THE 21ST ANNUAL GENERAL MEETING OF SHAREHOLDERS
Dear Shareholders:
We would like to express our appreciation for your continued support and patronage.
You are cordially invited to attend the 21st Annual General Meeting of Shareholders of MCJ Co., Ltd. (the“Company”). The meeting will be held for the purposes as described below.
If you are unable to attend the meeting, you may exercise your voting rights in writing or via the Internet.
Please review the attached Reference Documents for the General Meeting of Shareholders, then either indicate
your vote for or against the proposals on the enclosed Voting Rights Exercise Form and return it to us, or enter
your vote on the website for the exercise of voting rights designated by the Company(https://evote.tr.mufg.jp/). In either case, please exercise your voting rights such that they are received no later
than 6:00 p.m. Japan time on Tuesday, June 25, 2019.
The Company also participates in the platform for exercising voting rights for institutional investors
operated by ICJ, Inc.
1. Date and Time:

Wednesday, June 26, 2019 at 10:30 a.m. Japan time
(Venue opens at 9:30 a.m.)*Please note that the start time of the meeting has changed from the previous year.

2. Place:

KFC Hall at the Kokusai Fashion Center 3F located at
1-6-1, Yokoami, Sumida-ku, Tokyo, Japan

3. Meeting Agenda:
Matters to be reported: 1. The Business Report, Consolidated Financial Statements for the Company’s
21st Fiscal Year (April 1, 2018 - March 31, 2019) and results of audits by the
Accounting Auditor and the Board of Auditors on the Consolidated Financial
Statements
2. Non-consolidated Financial Statements for the Company’s 21st Fiscal Year
(April 1, 2018 - March 31, 2019)
Proposals to be resolved:
Appropriation of Surplus
Proposal 1:
Election of Seven (7) Directors
Proposal 2:
Election of Three (3) Auditors
Proposal 3:
When attending the meeting, please submit the enclosed Voting Rights Exercise Form at the reception desk of thevenue.

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4. Matters to be Disclosed on the Internet
Of the matters to be included in this Notice, pursuant to laws and regulations and the provisions of Article
19 of the Company’s Articles of Incorporation, Notes to the Consolidated Financial Statements and Notes
to the Non-consolidated Financial Statements are posted on the Company’s website on the Internet andtherefore are not included in the Attached Documents to this Notice.
The Attached Documents to this Notice are a portion of the Business Report, Consolidated andNon-consolidated Financial Statements audited by Auditors in their preparation of the Auditors’ Report,
and the Consolidated and Non-consolidated Financial Statements audited by Accounting Auditors in their
preparation of the Accounting Auditors’ Report.
5. Information on Exercising Your Voting Rights
If you are attending the General Meeting of Shareholders:If you are attending the meeting, please bring the enclosed Voting Rights Exercise Form with you andsubmit it at the reception desk of the venue.
Attendees are kindly advised to arrive early at the venue to avoid congestion.
Date and time of the General Meeting of Shareholders:
10:30 a.m. Japan time on Wednesday, June 26, 2019 (Venue opens at 9:30 a.m.)
If you are not attending the General Meeting of Shareholders:
Exercising your voting rights in writing:
Please indicate your vote for or against the proposals on the enclosed Voting Rights Exercise Form andreturn it to the Administrator of Shareholder Registry of the Company so that it is received by the voting
rights exercise deadline.
Voting rights exercise deadline:
Votes received by 6:00 p.m. Japan time on Tuesday, June 25, 2019
Exercising your voting rights via the Internet:
Please access the voting rights exercise website (https://evote.tr.mufg.jp/) from your computer,smartphone or mobile phone, enter the code and password for exercising your voting rights, which areindicated on the enclosed Voting Rights Exercise Form, and register your vote for or against the proposals
by following the on-screen instructions.
Voting rights exercise deadline:
Votes exercised by 6:00 p.m. Japan time on Tuesday, June 25, 2019.
Any revisions to the accompanying Reference Documents for the General Meeting of Shareholders, the Business
Report, the Consolidated Financial Statements or the Non-consolidated Financial Statements will be posted on the
Company’s website.
■ The Company’s website: https://www.mcj.jp/-2-

Reference Documents for the General Meeting of Shareholders
Proposal 1:

Appropriation of Surplus

Matters regarding year-end dividend:
The Company considers the enhancement of shareholder returns as one of its important management
issues, and upholds the policy of performance-based dividend payment in accordance with the Company’sbusiness performance, while aiming for a dividend payout ratio of 30% or above of profit attributable toowners of parent.
In light of the Company’s business performance for the 21st fiscal year and the above policy, theCompany proposes a year-end dividend of ¥20.50 per share of the common stock.
(1) Type of dividend property
Cash(2) Matters related to the allocation of dividend property and the total amount thereof¥20.50 per share of the Company’s common stock
Total amount: ¥2,010,792,684(3) Effective date of the dividends of surplus
Thursday, June 27, 2019

(Note) The Company executed a 2-for-1 common stock split as of July 1, 2018. Consequently, the annual
dividend per share was calculated assuming that the stock split was executed at the beginning of the
fiscal year ended March 31, 2016 (the 18th fiscal year).

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Proposal 2:

Election of Seven (7) Directors

The terms of office of all seven (7) Directors will expire at the conclusion of this General Meeting of
Shareholders.
Accordingly, the Company requests the election of seven (7) Directors.
The candidates for Directors are as follows:
No.

Current Positions and Responsibilities
in the Company

Name

1

Yuji Takashima[Reappointment]

Chairman & CEO

2

Motoyasu Yasui[Reappointment]

President & COO

3

Takeshi Asagai[Reappointment]

Director & Chief Administrative officer

4

Kenji Ishito[Reappointment]

Director & CFO

5

Katsunori Ura[Reappointment][Candidate for Outside Director][Independent Director]

Director

6

Norio Matsumura[Reappointment][Candidate for Outside Director][Independent Director]

Director

7

Gideon Franklin[New appointment][Candidate for Outside Director][Independent Director]

-

-4-

No.

Name
(Date of birth)

Past experience, positions, responsibilities
and significant concurrent positions
Apr. 1993

1

Number ofshares of theCompany held

Joined Takashimaya Clothing Store Co., Ltd. (name changed to
Takashima Co., Ltd. and then to Mouse Computer Japan Co.,
Ltd. before being acquired by MCJ Co., Ltd.)May 1996
President & CEO, Takashimaya Clothing Store Co., Ltd. (namechanged to Takashima Co., Ltd. and then to Mouse Computer
Japan Co., Ltd. before being acquired by MCJ Co., Ltd.)
Yuji Takashima
Aug. 1998
President & CEO, MCJ Ltd. (currently MCJ Co., Ltd.)(April 2, 1974)
Sep. 2005
Director, Synnex Co., Ltd. (currently Tekwind Co., Ltd.)
Director, Arosystem Co., Ltd. (currently UNIT.COM INC.)[Reappointment]
Chairman & CEO, MCJ Co., Ltd.
Mar. 2006
32,431,460
July 2006
Chairman & Director, MCJ Co., Ltd.
[Attendance at theOct. 2006
Director, Mouse Computer Co., Ltd.
Board of Directors
June 2008
Chairman & President & CEO, MCJ Co., Ltd.
meetings]
Nov. 2012
President & CEO, UNIT.COM INC.
100%
Aug. 2013
President & CEO, Iscorporation, Co., Ltd. (currently aprecio
Co., Ltd.)
Apr. 2017
Chairman & CEO, MCJ Co., Ltd. (to present)
July 2017
Representative Director, General Incorporated Foundation TKG
Association (currently Public Interest Incorporated Foundation
TKG Association) (to present)[Reason for nomination as candidate for Director]
Mr. Yuji Takashima, as the founder of the Company, has been playing a crucial role in the management of the Group since
the establishment of the Company. Currently, as the Chairman & CEO of the Company, he has been directing andoverseeing the overall management of the Group as well as realizing a medium- to long-term growth in earnings. With the
expectation that he will continue to contribute to the enhancement of the corporate value of the Group, the Company
requests his election as Director.

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No.

Name
(Date of birth)

Past experience, positions, responsibilities
and significant concurrent positions
July 2001
Sep. 2002
June 2004
Apr. 2005

2

3

Number ofshares of theCompany held

Joined GDH, Co., Ltd. (currently GONZO K.K.)
Joined MCJ Co., Ltd.
Manager, Finance and Accounting Department, MCJ Co., Ltd.
Executive Officer, Management Planning Department, MCJ Co.,
Motoyasu Yasui
Ltd.
(July 23, 1978)
Aug. 2007
Manager, Industrial Growth Platform, Inc.
June 2008
Executive Officer, PIA Corporation[Reappointment]
July 2011
Director, Industrial Growth Platform, Inc.
11,300Oct. 2013
Senior Specialist, Inspection Bureau of Financial Services[Attendance at the
AgencyBoard of Directors
Oct. 2014
Principal, Industrial Growth Platform, Inc.
meetings]
Mar.
2016
Executive
Officer, President’s Office, MCJ Co., Ltd.
100%
June 2016
Director, Head of Business Development & IR, MCJ Co., Ltd.
Apr. 2017
President & COO, MCJ Co., Ltd. (to present)
Jan. 2018
Director, R-Logic International Pte Ltd (to present)
Oct. 2018
Director, UNIT.COM INC. (to present)[Reason for nomination as candidate for Director]
Mr. Motoyasu Yasui, as President & COO, has been leveraging his extensive experience in corporate management and his
knowledge of management as well as accounting and finance to promote the Group’s strategic business development basedon the Mid-term Management Plan. Also, as IR officer, he is proactively launching initiatives in the disclosure of
information, including non-financial information, which would contribute to a better understanding of the Company and theGroup. With the expectation that he will continue to contribute to the enhancement of the corporate value of the Group, theCompany requests his election as Director.
Apr. 1990
Joined The Kyowa Bank, Ltd. (currently Saitama Resona Bank,
Takeshi Asagai
Limited)(December 21, 1966)
Apr. 2001
Director, MCJ Co., Ltd.
Mar. 2006
President & CEO, MCJ Co., Ltd.
[Reappointment]
Oct. 2006
Director, Mouse Computer Co., Ltd. (to present)
1,184,200
June 2008
Director & Chief Administrative officer, MCJ Co., Ltd. (to[Attendance at thepresent)
Board of Directors
Aug. 2013
Director, Iscorporation, Co., Ltd. (currently aprecio Co., Ltd.) (tomeetings]
present)
100%
June 2018
Director, MID Inc. (to present)[Reason for nomination as candidate for Director]
Mr. Takeshi Asagai, as Director & Chief Administrative officer, has been overseeing the administration divisions including
general affairs, personnel affairs and legal affairs, and has been working to develop and operate an effective internal control
system for the Group as well as enhancing its corporate governance framework. With the expectation that he will continue
to contribute to the enhancement of the corporate value of the Group, the Company requests his election as Director.

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No.

Name
(Date of birth)

Past experience, positions, responsibilities
and significant concurrent positions
Apr. 1991
Nov. 2000
Dec. 2003

4

Number ofshares of theCompany held

Joined The Mitsubishi Bank, Ltd. (currently MUFG Bank, Ltd.)
Head of Management Planning Department, Parquetech Co., Ltd.
Assistant Manager, Management Department, Yokohama Jisho
Co., Ltd.
Apr. 2004
Director & Head of Administrative Department, Yokohama
Jisho Co., Ltd.
July 2005
Head of Administrative Department, Alive Community Co., Ltd.
(currently, RUDEN HOLDINGS Co., Ltd.)May 2006
Director & Head of Administrative Department, Alive
Kenji Ishito
Community Co., Ltd. (currently, RUDEN HOLDINGS Co.,(April 18, 1968)
Ltd.)
June 2007
Head of Management Planning Department, MCJ Co., Ltd.
[Reappointment]
June 2007
Director, ADTEC Corporation
83,800Aug. 2007
Executive officer, Head of Finance & Accounting Department,[Attendance at the
MCJ Co., Ltd.
Board of Directors
June 2008
Director & Head of Finance & Accounting Department, MCJ
meetings]
Co., Ltd.
100%
Oct. 2008
Director & CFO, MCJ Co., Ltd. (to present)
June 2011
Director, Synnex Co., Ltd. (currently Tekwind Co., Ltd.) (topresent)
June 2012
Director, MVK Corporation (currently Aiuto Co., Ltd.) (topresent)
Aug. 2013
Director, Iscorporation, Co., Ltd. (currently aprecio Co., Ltd.) (topresent)
June 2016
Director, UNIT.COM INC. (to present)
June 2018
Director, MID Inc. (to present)[Reason for nomination as candidate for Director]
Mr. Kenji Ishito, as Director & CFO, has been formulating and executing finance strategies in response to the changes inthe business environment surrounding the Group, and continues to make ongoing improvements to the Company’s financeand accounting functions. With the expectation that he will continue to contribute to the enhancement of the corporate
value of the Group, the Company requests his election as Director.

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No.

Name
(Date of birth)
Katsunori Ura(March 14, 1978)[Reappointment][Candidate for
Outside Director][Independent
Director]

5

6[Attendance at theBoard of Directors
meetings]
100%

Past experience, positions, responsibilities
and significant concurrent positions
Oct. 2003
Sep. 2007
July 2011
Jan. 2012
June 2015
Aug. 2017
Dec. 2017
May 2018
Aug. 2018

Certified as an attorney, joined Blakemore & Mitsuki
Auditor, SVC Securities Co., Ltd. (currently DMM.com
Securities Co., Ltd.)
Outside Director, STYLE LINK
Partner, Blakemore & Mitsuki (to present)
Director, MCJ Co., Ltd. (to present)
Outside Auditor, Feedforce Inc.
Auditor, STYLE PORT Inc. (to present)
Outside Auditor, Fan’s Inc. (currently FANTAS technology Inc.)(to present)
Outside Director (Audit and Supervisory Committee Member),Feedforce Inc. (to present)

Number ofshares of theCompany held-

[Reason for nomination as candidate for Outside Director]
Mr. Katsunori Ura is extremely knowledgeable in corporate management, based on his extensive experience and high levelof insight as an attorney, as well as his experience serving as Outside Director of other companies. He draws on his
knowledge to appropriately advise and make recommendations in important decision-making by the Board of Directors.
With the belief that he will continue to provide beneficial advice to the Company’s management, the Company requests hiselection as Outside Director.
Apr. 1966
Joined NISSAN MOTOR CO., LTD.
Jan. 1989
Head of Overseas Service Department, NISSAN MOTOR CO.,LTD.
Norio Matsumura
Jan. 1992
Director & Vice President, Nissan Europe S.A.S.
(January 5, 1944)
Nov. 1993
President & COO, Nissan Motor Iberica, S.A.
June 1996
Director, NISSAN MOTOR CO., LTD.
[Reappointment]
June 1997
President & COO, Nissan Europe S.A.S.
[Candidate forJune 1999
Director & Vice President, NISSAN MOTOR CO., LTD.
Outside Director]
June 2005
President & CEO, Nissan Prince Oosaka Hanbai (currently[Independent
Nissan Oosaka Hanbai)
Director]
July 2007
Corporate Advisor, KKR Japan
Aug. 2013
Outside Director, Panasonic Healthcare Holdings Co., Ltd.
[Attendance at the(currently PHC Holdings Corporation )Board of Directors
Apr. 2017
President & CEO, MM Group Holdings Company, Limited (tomeetings]
present)
95%
Outside Director, MCJ Co., Ltd. (to present)
June 2017
Outside Director, Calsonic Kansei Corporation (to present)
June 2017[Reason for nomination as candidate for Outside Director]
Mr. Norio Matsumura is extremely knowledgeable in corporate management, based on his extensive experience ascorporate manager of a company engaged in global business development. He draws on his knowledge to appropriately
advise and make recommendations in important decision-making by the Board of Directors. With the belief that he willcontinue to provide beneficial advice to the Company’s management, the Company requests his election as Outside
Director.

-8-

No.

Name
(Date of birth)

Number ofshares of theCompany held

Joined Cazenove (currently JPMorgan Chase & Co.)
Joined UBS Phillips & Drew (currently UBS AG)
Director, Schweizerische Bankgesellschaft (Deutschland) AG(currently UBS Europe SE)[New appointment]
Feb. 1994
Managing Director, Morgan Stanley Group Inc (currently[Candidate forMorgan Stanley)Outside Director]
July 2006
President, Gideon Franklin Limited[Independent
Nov. 2007
Managing Director, Mizuho International plc
Director]
Aug. 2013
CEO, Gideon Franklin Limited (to present)[Reason for nomination as candidate for Outside Director]
Mr. Gideon Franklin is extremely knowledgeable in corporate management, based on his extensive experience as analyst,
M&A advisor, and corporate manager of global financial institutions. With the belief that he will provide beneficial advice
on the Company’s management in general, and in particular, overseas expansion and M&A strategies of the Group, theCompany requests his election as Outside Director.
Gideon Franklin(June 28, 1962)

7

Past experience, positions, responsibilities
and significant concurrent positions
Sep. 1984
Oct. 1986
Jan. 1993(Notes)1. There are no special interests between the candidates and the Company.
2. Term of office of Outside Directors of the Company
1)
At the conclusion of this General Meeting of Shareholders, Mr. Katsunori Ura will have served 4 years as
Outside Director of the Company.
2)
At the conclusion of this General Meeting of Shareholders, Mr. Norio Matsumura will have served 2 years as
Outside Director of the Company.
3)
Mr. Gideon Franklin is a new candidate for Outside Director.
3. Liability limitation agreement with Outside Directors
Pursuant to the provisions of Article 427, Paragraph 1 of the Companies Act, the Company has entered into
agreements with Mr. Katsunori Ura and Mr. Norio Matsumura to limit their liability for damages under Article 423,
Paragraph 1 of the same Act. The maximum amount of liability for damages pursuant to the aforesaid agreement is thegreater of a predetermined amount of ¥300,000 or more or an amount stipulated by laws and regulations. If thereelection of Mr. Katsunori Ura and Mr. Norio Matsumura is approved, the Company plans to continue the said
agreements with them.
If Mr. Gideon Franklin is elected as Director of the Company, the Company plans to enter into a same agreement withhim.
4. Independent Directors
Mr. Katsunori Ura and Mr. Norio Matsumura are Independent Directors as stipulated by the Tokyo Stock Exchange
and are registered as such at the said exchange. If their reelection is approved, the Company plans to continue theirdesignation as Independent Directors.
If Mr. Gideon Franklin is elected as Director of the Company, he will be designated as an Independent Director as
stipulated by the Tokyo Stock Exchange.

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Proposal 3:

Election of Three (3) Auditors

The terms of office of all three (3) Auditors will expire at the conclusion of this General Meeting of
Shareholders.
Accordingly, the Company requests the election of three (3) Auditors.
The Board of Auditors has agreed to this proposal.
The candidates for Auditors are as follows:
No.

Name

Current Positions in the Company

1

Shoichi Horiguchi[Reappointment]

Permanent Auditor

2

Hiroyuki Aso[Reappointment][Candidate for Outside Auditor][Independent Auditor]

Auditor3

Kazuma Yasuda[Reappointment][Candidate for Outside Auditor][Independent Auditor]

Auditor- 10 -

No.

Name(Date of birth)

Past experience, positions and significant concurrent positions
Aug. 1997

1

Number ofshares of theCompany held

Joined Mouse Computer Japan Co., Ltd. (acquired by MCJ Co.,Ltd.)
Apr. 2003
Head of Media Strategy Development Department, MCJ Co.,Ltd.
Shoichi Horiguchi
Jan. 2005
Head of System Development Department, MCJ Co., Ltd.
(January 13, 1979)
May 2007
Head of Internal Audit Department, MCJ Co., Ltd.
June 2011
Auditor, Window Co., Ltd. (to present)[Reappointment]
June 2011
Auditor, Mouse Computer Co., Ltd. (to present)
7,000
Aug. 2013
Auditor, Iscorporation, Co., Ltd. (currently aprecio Co., Ltd.) (to[Attendance at thepresent)
Board of Directors
Permanent Auditor, MCJ Co., Ltd. (to present)
June 2014
meetings]
Auditor, UNIT.COM INC. (to present)
June 2015
100%
Auditor, HUMAN LEAGUE INC. (currently FREEWAY INC.)
June 2015(to present)
Auditor, MID Inc. (to present)
June 2018
Auditor, Tower Hill Inc. (currently ark Co LTD) (to present)
July 2018[Reason for nomination as candidate for Auditor]
Mr. Shoichi Horiguchi has thorough understanding of the Company’s business, internal control and audit duties, based on
his experience serving as head of marketing, system development and internal audit divisions of the Company, and since
his appointment as Auditor in June 2014, has been leveraging his extensive experience and knowledge to perform his
responsibility as Auditor. With the expectation that he will leverage his extensive experience and knowledge to monitor the
management in general and perform audit properly, the Company requests his reelection as Auditor. Mr Shoichi Horiguchi
will be selected as Permanent Auditor.

- 11 -

No.

Name(Date of birth)
Hiroyuki Aso(August 18, 1964)

2

3

Past experience, positions and significant concurrent positions
Apr. 1988
Jan. 2000
June 2001
June 2002
May 2005

Joined Recruit Holdings Co., Ltd.
Founded Aso Certified Tax Accountant Office (to present)
Director, BeMap. Inc.
Outside Auditor, MCJ Co., Ltd. (to present)
Auditor, Synnex Co., Ltd. (currently Tekwind Co., Ltd.) (topresent)
Auditor, Mouse Computer Co., Ltd. (to present)
Outside Auditor, Glass Cube Co., Ltd. (to present)

Number ofshares of theCompany held

[Reappointment][Candidate for
Outside Auditor]
160,700[Independent Auditor] Oct. 2006
June 2008[Attendance at theBoard of Directors
meetings]
100%[Reason for nomination as candidate for Outside Auditor]
Mr. Hiroyuki Aso, as certified tax accountant, is highly knowledgeable in finance and accounting, and has profoundexpertise in corporate management, based on his experience serving as director and auditor of other companies. He has
been leveraging his extensive experience and insight to contribute to the enhancement of the supervisory function of theBoard of Directors and the Board of Auditors through his useful remarks at the Board of Directors and the Board ofAuditors.
With the expectation that he will leverage his extensive experience and knowledge to monitor the management in generaland perform audit properly, the Company requests his reelection as Outside Auditor.
Apr. 1969
Joined Cosmo Securities Co., Ltd. (currently IwaiCosmo
Securities Co., Ltd.)
June 1996
Director, Cosmo Securities Co., Ltd. (currently IwaiCosmo
Securities Co., Ltd.)
Kazuma Yasuda
Apr. 1998
Managing Director, Cosmo Information Center Co., Ltd.
(September 11, 1946)(acquired by FUJITSU Limited)
Apr. 1999
Director, FUJITSU FSO LIMITED (acquired by FUJITSU[Reappointment]
Limited)[Candidate forSep. 1999
Executive Director, Morgan Stanley Japan Limited (currently
Outside Auditor]
Morgan Stanley MUFG Securities Co., Ltd.)102,700[Independent Auditor]
Dec. 2001
Head of Sales Department, Prudential Financial Advisors
Securities Co., Ltd. (currently Capital Partners Securities Co.,
[Attendance at theLtd.)
Board of Directors
July 2003
Director, FUJI SECURITY COMPANY (currently FUJI DR
meetings]
SECURITY Co., LTD.)95%
Apr. 2005
Executive Officer & Head of Security Service Department, FUJI
SECURITY COMPANY (currently FUJI DR SECURITY Co.,LTD.)
June 2007
Outside Auditor, MCJ, Co., Ltd. (to present)[Reason for nomination as candidate for Outside Auditor]
Mr. Kazuma Yasuda is highly knowledgeable in finance and corporate finance in general, and has profound expertise incorporate management, based on his experience serving as director of other companies. He has been leveraging his
extensive experience and insight to contribute to the enhancement of the supervisory function of the Board of Directors andthe Board of Auditors through his useful remarks at the Board of Directors and the Board of Auditors.
With the expectation that he will leverage his extensive experience and knowledge to monitor the management in generaland perform audit properly, the Company requests his reelection as Outside Auditor.

- 12 -

(Notes)
1. There are no special interests between the candidates and the Company.
2. Mr. Hiroyuki Aso and Mr. Kazuma Yasuda are candidates for Outside Auditors.
3. Term of office of Outside Auditors of the Company
1)
At the conclusion of this General Meeting of Shareholders, Mr. Hiroyuki Aso will have served 17 years as
Outside Auditor of the Company.
2)
At the conclusion of this General Meeting of Shareholders, Mr. Kazuma Yasuda will have served 12 years as
Outside Auditor of the Company.
4. Liability limitation agreement with Outside Auditors
If the reelection of Mr. Hiroyuki Aso and Mr. Kazuma Yasuda is approved, the Company, pursuant to the provisions ofArticle 427, Paragraph 1 of the Companies Act, plans to continue the agreement with them to limit their liability fordamages under Article 423, Paragraph 1 of the same Act. The maximum amount of liability for damages pursuant tothe aforesaid agreement is the greater of a predetermined amount of ¥300,000 or more or an amount stipulated by laws
and regulations.
5. Independent Auditors
Mr. Hiroyuki Aso and Mr. Kazuma Yasuda are Independent Auditors as stipulated by the Tokyo Stock Exchange andare registered as such at the said exchange. If their reelection is approved, the Company plans to continue theirdesignation as Independent Auditors.

- 13 -