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

Securities code: 4951
June 3, 2022
To our shareholders:
Takako Suzuki
Chairman of the Board
S.T. CORPORATION
4-10, Shimoochiai 1-chome,
Shinjuku-ku, Tokyo, JapanNOTICE OF THE 75TH ORDINARY GENERAL MEETING OF
SHAREHOLDERS
We are pleased to announce the 75th Ordinary General Meeting of Shareholders of S.T. CORPORATION (hereinafter
the “Company”; this meeting, the “Meeting”) to be held as indicated below.
To prevent infection with the novel coronavirus, we recommend you to exercise your voting rights in writingor via the Internet, etc. if at all possible. Please review the attached Reference Documents for the Ordinary
General Meeting of Shareholders, and exercise your voting rights by 5:00 p.m., Monday, June 20, 2022 (Japan
Standard Time) in accordance with the Instructions for the Exercise of Voting Rights.
1. Date and Time: 10:00 a.m., Tuesday, June 21, 2022
2. Location:

Royal Hall on the third floor of the RIHGA Royal Hotel Tokyo
104-19, Totsukamachi 1-chome, Shinjuku-ku, Tokyo, JapanThe number of seats available this year will be also significantly lower than in previous
years as we widen the space between the seats in order to prevent the spread of infection.
Therefore, even if you come to the venue, you may not be allowed to enter. Thank you foryour understanding in advance.

3. Agenda:
Matters to be reported
1. Business Report, Consolidated Financial Statements and Audit Report on Consolidated Financial Statements
by the Accounting Auditor and Audit Committee for the 75th fiscal term (from April 1, 2021 to March 31,2022)
2. Non-Consolidated Financial Statements for the 75th fiscal term (from April 1, 2021 to March 31, 2022)
Matters to be resolved
Proposal No. 1
Amendment to the Articles of Incorporation
Proposal No. 2
Election of Ten (10) Directors
4. Matters Determined Concerning the Convocation
If any shareholder wishes to split a vote, he or she must notify the Company in writing to that effect and thereasons for splitting the vote at least three days before the Meeting.
- Of the documents for attachment to this notice of convocation, the Notes to Consolidated Financial Statements and the Notes to Nonconsolidated Financial Statements are posted on the Company’s website (URL: https://www.st-c.co.jp/ir/meeting.html — in Japaneseonly), an Internet-based disclosure pursuant to laws and regulations and the Company’s Articles of Incorporation. Therefore, these
are not included in the documents provided with this notice of convocation. The Consolidated Financial Statements and Nonconsolidated Financial Statements audited by the Audit Committee and the accounting auditor in preparing their respective audit
reports include the Notes to Consolidated Financial Statements and the Notes to Non-consolidated Financial Statements, which areposted on the Company’s website, in addition to the content of the documents provided in this notice of convocation.
- Any amendments to the Reference Documents for the General Meeting of Shareholders, the Business Report, the Consolidated
Financial Statements and the Non-consolidated Financial Statements will be posted on the Company’s website (URL: https://www.stc.co.jp/ir/meeting.html — in Japanese only).

Request for Assistance in Preventing the Spread of the Novel Coronavirus (COVID-19) at the General Meetingof Shareholders
1. Request to shareholders● As the novel coronavirus continues to spread, we request that shareholders exercise their voting rights for this year’s General
Meeting of Shareholders in writing or via the Internet, etc. if at all possible.
● Shareholders attending the Meeting in person are requested to wear masks. Please note that if you do not wear a mask, youwill not be allowed to enter the venue.
● Please be aware that we will be utilizing thermal imaging cameras and other tools to measure the body temperature ofattending shareholders at the entrance of the venue, and we may refuse admission if it is necessary to prevent the spread of
infection. Shareholders are also required to disinfect their hands with alcohol upon entry.
● Please be aware that the operations staff may approach any shareholders in attendance who appear to feel unwell.
● We ask that attending shareholders allow additional time expected for entry procedures to prevent the spread of the virus.
● At the Meeting, some reporting matters (including in regard to audit reports) and detailed proposal presentations will beomitted in the interest of shortening the time required for the Meeting so as to prevent the spread of the novel coronavirus.
We ask that our shareholders take a moment to read this notice of convocation before the Meeting.
2. Regarding our Company’s Meeting protocol● Souvenirs, drinks and product exhibition booths will not be provided.
● On the day of the Meeting, directors and operations staff will attend after confirmation of their health conditions, and will
wear masks and other protective equipment.
3. Shareholder opinion contact form and Meeting video link
● The Company maintains a shareholder contact page on our corporate website for inquiries, opinions, questions and othercommunications from our shareholders. If you have any comments or suggestions regarding matters for reporting or
resolution at this year’s General Meeting of Shareholders, please contact us through the shareholder contact page on our
website. Based on the feedback we received through the year, we plan to provide explanations about topics that we thinkmost shareholders will be interested in at the General Meeting of Shareholders. Please note that feedback regarding theGeneral Meeting of Shareholders this year does not constitute notification set out in Article 71 (i) a. of Regulations for
Enforcement of the Companies Act, and the Company may therefore not respond to each individual feedback.
● A video of the Meeting will be available on-demand on our website at a later date.
********************************************************************
Shareholder contact page (in Japanese only)(https://www.st-c.co.jp/contact/inquiry/index/3)*********************************************************************As the virus continues to spread, we may take new measures to prevent further infection. Information on any new measures
will be provided on our website (https://www.st-c.co.jp/ir/meeting.html — in Japanese only). Please check this page before
attending the Meeting.

Reference Documents for the General Meeting of Shareholders
Proposal No. 1

Amendment to the Articles of Incorporation

1. Reasons for the proposal(1) Introduction of a General Meeting of Shareholders without a specified location
On June 16, 2021, the Act for Partially Amending the Act on Strengthening Industrial Competitiveness andOther Related Laws and Regulations (Act No. 70 of 2021) and the Ministerial Order on General Meetings ofShareholders without a Specified Location Based on the Act on Strengthening Industrial Competitiveness(Ministry of Justice and Ministry of Economy, Trade and Industry Order No. 1 of 2021; hereinafter the“Order”) went into effect. This new act allows listed companies, through stipulation in their articles ofincorporation and under a certain set of conditions, to hold general meetings of shareholders without aspecified location (“virtual-only shareholders’ meetings”) where directors, shareholders and other parties
attend the meeting using the internet or other means without a physical venue. This proposal is to amend
Article 12 of the current Articles of Incorporation so that the Company may hold a general meeting ofshareholders without a specified location if the Board of Directors determines that in light of shareholderinterests it is not appropriate to hold a general meeting of shareholders with a specified location due to such
instances as the spread of an infectious disease or the occurrence of a natural disaster.
(2) With the enforcement on September 1, 2022 of the revised provisions provided for in the proviso to Article
1 of the Supplementary Provisions of the Act Partially Amending the Companies Act (Act No. 70 of 2019),
the Company proposes to make the following changes to its Articles of Incorporation in accordance with theintroduction of the system for providing informational materials for the general meeting of shareholders inelectronic format.
(i) With the introduction of the system for providing informational materials for the general meeting ofshareholders in electronic format, the provisions of Article 15 “Internet Disclosure and Deemed Provisionof Reference Documents for the General Meeting of Shareholders, Etc.” in the current Articles ofIncorporation will no longer be required and shall be deleted.
(ii) The Articles of Incorporation will be required to stipulate that the Company shall take measures forprovision of information constituting the content of Reference Documents for the General Meeting of
Shareholders, etc. in electronic format. Therefore, Article 15 “Measures, etc. for Providing Information inElectronic Format” in “Proposed Amendments” below shall newly establish Paragraph 1 to this effect.
(iii) Article 15 “Measures, etc. for Providing Information in Electronic Format,” Paragraph 2 in “Proposed
Amendments” below shall be newly established and, among items for which the measures for providing
information in electronic format will be taken, allow the scope of the items to be stated in the paper-based
documents to be delivered to shareholders who requested delivery of said documents to be limited to thescope specified by the applicable Ministry of Justice Order.
(iv) Supplementary provisions regarding the effective date of the aforementioned new establishment and deleted
provisions will be established. These supplementary provisions shall be deleted after the effective date has
passed.

2. Details of the amendments
The proposed amendments are as follows:(Underlined text indicates changes.)
Pre-amendment Articles of Incorporation
Article 12. [Location of Convocation]
General meetings of shareholders of the Company shall be
convened at the location of its head office or at an adjacent

Post-amendment
Article 12. [Location of Meeting]1.

location.

General meetings of shareholders of the Company
shall be held at the location of its head office or at an
adjacent location. However, this shall not apply for
general meetings of shareholders without a specified
location pursuant to the provisions of the following
paragraph.

(Newly established)

2.

The Company may hold a general meeting ofshareholders without a specified location if the Boardof Directors determines that it is not appropriate tohold a general meeting of shareholders with a
specified location due to such instances as the spreadof an infectious disease or the occurrence of a natural
disaster in light of shareholder interests.

Article 15. [Internet Disclosure and Deemed Provision of(Deleted)

Reference Documents for the General Meeting of
Shareholders, Etc.]
When the Company convenes a general meeting ofshareholders, if it discloses information that is to be statedor presented in the reference documents for the general
meeting of shareholders, business report, financial
statements and consolidated financial statements throughthe internet in accordance with the provisions prescribed by
the Ministry of Justice Order, it may be deemed that theCompany has provided this information to shareholders.
(Newly established)

Article 15. [Measures, etc. for Providing Information inElectronic Format]
1.

When the Company convenes a general meeting ofshareholders, it shall take measures for providing
information that constitutes the content of reference
documents for the general meeting of shareholders,etc. in electronic format.

2.

Among items for which the measures for providing
information in electronic format will be taken, theCompany may exclude all or some of those items
designated by the Ministry of Justice Order fromstatements in the paper-based documents to bedelivered to shareholders who requested the deliveryof paper-based documents by the record date ofvoting rights.

Pre-amendment Articles of Incorporation

Post-amendment(Newly established)(Supplementary Provisions)(Newly established)(Transitional Measures for Providing Informational
Materials for the General Meeting of
Shareholders in Electronic Format)
1. Deletions and new establishments to the Articles ofIncorporation pertaining to Article 15 shall be effectivefrom September 1, 2022, which is the date ofenforcement of the revised provisions provided for in
the proviso to Article 1 of the Supplementary Provisionsof the Act Partially Amending the Companies Act (ActNo. 70 of 2019) (hereinafter referred to as the “Date of
Enforcement”).
2. Notwithstanding the provision of the preceding
paragraph, Article 15 of the pre-amended Articles ofIncorporation shall remain effective regarding any
general meeting of shareholders held on a date within
six months from the Date of Enforcement.
3. These Supplementary Provisions shall be deleted on thedate when six months have elapsed from the Date of
Enforcement or three months have elapsed from the dateof the general meeting of shareholders in the preceding
paragraph, whichever is later.

Proposal No. 2

Election of Ten (10) Directors

At the conclusion of this general meeting of shareholders, the terms of office of all nine (9) directors will expire.
Therefore, the Company proposes the addition of one (1) director and the election of ten (10) directors pursuant to
the resolution of the Nomination Committee.
The candidates for director are as follows:
Candidate
No.

Name

Current position and responsibilities in the Company

1

Takako Suzuki

Reappointment

Chairman of the Board, President & CEO

Nomination

2

Takashi Suzuki

Reappointment

Chairman

Nomination

3

Naoto Onzo

4

Mitsuko Miyagawa

5

Shinzo Maeda

6

Shoichiro Iwata

7

Hiroko Noda

8

Seiichi Nishida

Reappointment

Managing Executive Officer

9

Kaoru Yonemoto

New election

Managing Executive Officer

10

Kouichi Yoshizawa

Reappointment

Executive Officer

Reappointment
OutsideIndependent
Reappointment
OutsideIndependent
Reappointment
OutsideIndependent
Reappointment
OutsideIndependent
Reappointment
OutsideIndependent

Nomination
Audit
Compensation*
Audit*
Nomination*
Audit
Compensation
Nomination
Audit
Audit

Compensation

Areas of expected contribution by the candidate
Candidate
No.

Name

Management
strategy

1
2
3
4
5
6
7
8
9
10

TakakoSuzukiTakashiSuzukiNaoto
Onzo
MitsukoMiyagawa
ShinzoMaeda
Shoichiro
Iwata
HirokoNoda
Seiichi
NishidaKaoru
Yonemoto
Kouichi
Yoshizawa

Brand

Human
resource
develop-

Innovation

Sustain-/Intellectual

abilityproperty

Marketing/accounting

SCM*

/risk
management

○
○

〇

○

○

○

○
〇

〇

○

〇

○

business

IT/digital

Financestrategy

ment

〇
〇

Compliance
Global

〇

○

○

○

○

○

○
○

〇
○
○
○

○
○

○

○
○

* SCM: Supply chain management
Nomination
Nomination Committee member
Compensation
Audit

Compensation Committee member
Audit Committee member*
OutsideChairperson
Candidate for outside director

Independent

Candidate for independent officer

〇

○

○

Candidate
No.

Name
(Date of birth)

Career summary, position and responsibilities in the Company
Apr. 1984
Aug. 2001

1

Number of theCompany’s shares
ownedJoined Nissan Motor Co., Ltd.
Joined LVJ Group Co., Ltd. (currently Louis
Vuitton Japan Co., Ltd.)
Apr. 2009
Representative Director, Shaldan Co., Ltd.
Jan. 2010
Joined the Company
Mar. 2010
Manager assigned to the Manufacturing
Division
Apr. 2010
Executive Officer, in charge of the Customer
Service Division, fragrance design, newbusiness
Takako Suzuki
Oct. 2010
Executive Officer, Assistant General Manager(March 5, 1962)of the Corporate Staff Division (in charge ofbusiness planning), in charge of fragrance
Reappointment
designApr. 2011
Executive Officer, in charge of Group business
515,088
Attendance at Board ofstrategy, fragrance design
Directors and other meetings
June 2011
Director, Executive Officer, in charge of Group
Board of Directors meetings 9/9
business strategy, fragrance design
Nomination Committee
Apr. 2012
Director, Executive Officer, special assignment
meetings 4/4
to the Global Marketing Division
Apr. 2013
Director, President & CEO
May 2013
Director, Shaldan Co., Ltd. (current position)
Mar. 2020
Outside Director, TRUSCO Nakayama
Corporation (current position)
June 2021
Chairman of the Board, President & CEO of theCompany (current position)
Significant concurrent positions outside the Company
Outside Director, TRUSCO Nakayama Corporation,
Director, Shaldan Co., Ltd.
Reasons for nomination as candidate for director, etc.
Ms. Suzuki has a wealth of experience in business operations. Since joining the Company in 2010, she has served invarious capacities, including as Manager assigned to the Manufacturing Division, Executive Officer in charge of the
Customer Service Division and fragrance design, and President & CEO since 2013. She has once again been nominatedas a candidate for director in expectation of her effectiveness in management supervision.

Candidate
No.

Name
(Date of birth)

Career summary, position and responsibilities in the Company
Apr. 19842

Number of theCompany’s shares
owned

Assistant General Manager, Corporate
Relations Management Department, Nippon
Life Insurance Company
Mar. 1985
Joined the Company
Sept. 1986
Director, General Manager of the Planning
Department
Feb. 1991
Managing Director, in charge of administration
Sept. 1997
Senior Managing Director
Sept. 1998
Representative Director & President, General
Manager of the Sales Division
Aug. 2002
Representative Director & President, Chief
Takashi Suzuki
Executive Officer(January 18, 1935)
June 2004
Chairman of the Board, President & CEO
Apr. 2007
Chairman of the Board, Executive Officer
Reappointment
June 2007
Director, Chairman of the Board, Executive
665,600
Officer, in charge of Group strategy
Attendance at Board ofApr. 2009
Director, Chairman of the Board, President &Directors and other meetings
CEO
Board of Directors meetings 9/9
Apr. 2012
Director, Chairman of the Board, CEO
Nomination Committee
May
2012
Corporate
Auditor, Shaldan Co., Ltd. (current
meetings 4/4
position)
June 2012
Chairman of the Board, Chairman & CEO of
the Company
Apr. 2021
Representative Director, Hiyoko ScholarshipFoundation
June 2021
Director, Chairman (current position)
Mar. 2022
Representative Director, Hiyoko ScholarshipFoundation (current position)
Significant concurrent positions outside the Company
Representative Director, Hiyoko Scholarship Foundation,
Corporate Auditor, Shaldan Co., Ltd.
Reasons for nomination as candidate for director, etc.
Mr. Suzuki has a wealth of management experience. Since joining the Company in 1985, he has served in various
capacities, including as Managing Director, Senior Managing Director, Representative Director, and President (andCEO), Chairman of the Board of Directors and Chairman & CEO, and in his current position as Chairman. He has once
again been nominated as a candidate for director in expectation of his effectiveness in management supervision.

Candidate
No.

Name
(Date of birth)

Career summary, position and responsibilities in the Company
Apr. 1987

3

4

Number of theCompany’s shares
owned

Research Associate, Waseda University Schoolof Commerce
Apr. 1996
Professor, School of Commerce
Sept. 2004
Professor, Faculty of Commerce (current
Naoto Onzo
position)(January 29, 1959)
Sept. 2008
Director, Faculty of Commerce, Dean of Schoolof Commerce
Reappointment
June 2010
Outside Director of the Company (current
Outsideposition)Independent
Apr. 2013
Vice President, Waseda University—
Attendance at Board ofSept. 2015
External Director, KING JIM CO., LTD.
Directors and other meetings(current position)
Board of Directors meetings 9/9 June 2018
Outside Director, LOTTE CO., LTD. (current
Nomination Committee
position)
meetings 4/4
Apr. 2019
Executive Vice President, Waseda University
Compensation Committee(current position)
meetings 4/4
Significant concurrent positions outside the Company
Audit Committee meetings 6/6 Executive Vice President and Professor of Faculty ofCommerce, Waseda University,
External Director, KING JIM CO., LTD.,
Outside Director, LOTTE CO., LTD.
Reasons for nomination as candidate for outside director and overview of expected roles
Mr. Onzo is expected to demonstrate his knowledge, experience and abilities as a leading expert in marketing strategy
and to make management decisions from a high-level strategic perspective. In addition, he has once again been
nominated as a candidate for outside director in expectation of his effectiveness in management supervision from thestandpoint of an independent, objective director.
Apr. 1986
Registered as an attorney at law, joined
Nishimura & Sanada (currently Nishimura &Asahi)
Mitsuko Miyagawa
Oct. 1990
Joined TMI Associates(February 13, 1960)
Mar. 1994
Admitted to New York Bar, United States
Apr. 1995
Partner, TMI Associates (current position)
Reappointment
Apr. 2005
Lecturer, Keio Law School
OutsideJune 2008
Outside Director of the Company
Independent—
Apr. 2012
Auditor, Unilever Japan Holdings K.K.
Attendance at Board ofJune 2015
Outside Director of the Company (current
Directors and other meetings
position)
Board of Directors meetings 9/9 June 2016
Outside Audit & Supervisory Board Member,
Nomination Committee
Panasonic Corporation
meetings 1/1
June 2019
Outside Director, Mitsubishi Motors
Audit Committee meetings 6/6
Corporation
Significant concurrent positions outside the Company
Partner, TMI Associates
Reasons for nomination as candidate for outside director and overview of expected roles
Ms. Miyagawa is expected to demonstrate her knowledge, experience and abilities as an attorney at law and to makemanagement decisions from a high-level legal perspective. In addition, she has once again been nominated as a
candidate for outside director in expectation of her effectiveness in management supervision from the standpoint of an
independent, objective director.

Candidate
No.

Name
(Date of birth)

Career summary, position and responsibilities in the Company
Apr. 1970
June 1996

5

6

Number of theCompany’s shares
ownedJoined Shiseido Company, Limited
General Manager, Cosmetics Strategic Planning
Department, Cosmetics Marketing DivisionDec. 1997
Chief Officer of Asia-Pacific Regional
Headquarters, International Operations
Division, Shiseido Company, Limited, andShinzo Maeda
Director and President, Shiseido Asia Pacific(February 25, 1947)
Apr. 2001
General Manager, Sales Promotion Department,
Cosmetics Strategic Planning Department,
Reappointment
Shiseido Company, Limited
OutsideJune 2003
Director, Executive Officer, and General
Independent
Manager of Corporate Planning Department
June 2005
President & CEO, Representative Director—
Attendance at Board ofApr. 2011
Chairman, Representative Director
Directors and other meetings
Board of Directors meetings 6/6 Apr. 2013
Chairman, Representative Director, President &Nomination Committee
CEOmeetings 3/3
Apr. 2014
Chairman, Representative Director
Compensation Committee
June 2014
Senior Advisor
meetings 3/3
June 2015
Outside Director, Yuasa Trading Co., Ltd.
Audit Committee meetings 4/4(current position)
Sept. 2015
Outside Director, TOSHIBA Corporation
June 2021
Outside Director of the Company (current
position)
Significant concurrent positions outside the Company
Outside Director, Yuasa Trading Co., Ltd.
Reasons for nomination as candidate for outside director and overview of expected roles
Mr. Maeda is expected to demonstrate his knowledge, experience and abilities as a corporate manager and to makeappropriate decisions in overall management. In addition, he has once again been nominated as a candidate for outside
director in expectation of his effectiveness in management supervision from the standpoint of an independent, objective
director.
Mar. 1973
Joined Lion Fat and Oil Co., Ltd. (currently
Lion Corporation)
Shoichiro Iwata
Mar. 1986
Joined PLUS CORPORATION(August 14, 1950)
May 1992
General Manager, ASKUL Business Promotion
Office, Sales Division
Reappointment
Mar. 1997
President, ASKUL Corporation
OutsideMay 2000
President & Chief Executive Officer (CEO)Independent
June 2006
External Director, Shiseido Company, Limited—
Sept. 2019
Representative Director and President, FORCE
Attendance at Board of
marketing and management, inc. (current
Directors and other meetings
position)
Board of Directors meetings 6/6
June
2021
OutsideDirector of the Company (current
Nomination Committee
position)
meetings 3/3
Audit Committee meetings 4/4 Significant concurrent positions outside the Company
Representative Director and President, FORCE marketing andmanagement, inc.
Reasons for nomination as candidate for outside director and overview of expected roles
Mr. Iwata is expected to demonstrate his knowledge, experience and abilities as a corporate manager and to makeappropriate decisions in overall management. In addition, he has once again been nominated as a candidate for outside
director in expectation of his effectiveness in management supervision from the standpoint of an independent, objective
director.

Candidate
No.

Name
(Date of birth)

Career summary, position and responsibilities in the Company
Apr. 1987

7

Number of theCompany’s shares
ownedJoined KPMG Minato Audit Corporation(currently KPMG AZSA Co.)
Aug. 1987
Joined Prudential Securities Incorporated
Tokyo BranchMar. 1990
Registered as Certified Public Accountant,
Representative of NODA C.P.A. Accounting
Firm (current position)
Aug. 1992
Joined Banque Indosuez S.A. (currently Crédit
Agricole CIB) Tokyo Branch
June 2000
Joined Canadian Imperial Bank of Commerce
Tokyo Branch
July 2006
Joined BUSICOM Co., Ltd.
Hiroko Noda
Sept. 2007
Representative Director, Prominent Consulting(July 3, 1960)
Co., Ltd.
May 2010
Representative Director, Probity Consulting
Reappointment
Co., Ltd. (current position)
OutsideApr. 2014
Part-time Lecturer, Graduate School of Asian—
Independentand International Business Strategy, Asia
University (current position)
Attendance at Board of
Mar.
2019
External Director, MODEC, Inc. (current
Directors and other meetings
position)
Board of Directors meetings 6/6
Outside Director (Audit & Supervisory
Audit Committee meetings 4/4 Mar. 2019
Committee Member), Okabe Co., Ltd. (current
position)
June 2021
Outside Director of the Company (current
position)
Significant concurrent positions outside the Company
Representative of NODA C.P.A. Accounting Firm,
Representative Director, Probity Consulting Co., Ltd.,
Part-time Lecturer, Graduate School of Asian and International
Business Strategy, Asia University,
External Director, MODEC, Inc.,
Outside Director (Audit & Supervisory Committee Member),
Okabe Co., Ltd.
Reasons for nomination as candidate for outside director and overview of expected roles
Ms. Noda is expected to demonstrate her knowledge, experience and abilities as a certified public accountant and to
make management decisions from high-level accounting and financial perspectives. In addition, she has once again
been nominated as a candidate for outside director in expectation of her effectiveness in management supervision fromthe standpoint of an independent, objective director.

Candidate
No.

Name
(Date of birth)

Career summary, position and responsibilities in the Company
Apr. 1987
June 2010

8

Number of theCompany’s shares
ownedJoined Nippon Life Insurance Company
Director, General Manager of the Corporate
Planning Department, Nissay Information
Technology Co., Ltd.
Apr. 2011
Director, General Manager of the Corporate
Planning Department, General Manager of theLegal Affairs and Compliance Management
OfficeApr. 2018
Director, Executive Officer, General Managerof the Corporate Planning Department, Nissay
Leasing Company,Limited
Apr. 2020
Dispatched to the Company, Manager assigned
to the President
June 2020
Manager, Business Administration Division
Apr. 2021
Joined the Company, Executive Officer, incharge of the Corporate Administration
Division
Seiichi Nishida(April 3, 1963)
June 2021
Director, Executive Officer, in charge of the
Corporate Administration Division
Reappointment
Sept. 2021
Director, Executive Officer, in charge of the
1,000
Corporate Administration Division, theAttendance at Board of
Corporate Planning Office, New BusinessDirectors and other meetings
Development
Board of Directors meetings 6/6 Oct. 2021
Director, Executive Officer, in charge of the
Corporate Administration Division, theCorporate Planning Office, the ESG Promotion
Office, New Business Development
Apr. 2022
Director, Managing Executive Officer, incharge of the Corporate Value Enhancing
Division, the Customer First Promotion
Division, New Business Development,
Corporate Transformation
May 2022
Director, Managing Executive Officer, incharge of the Corporate Value Enhancing
Division, the Customer First Promotion
Division, the New Business Development
Office, Corporate Transformation (current
position)
Significant concurrent positions outside the Company
Reasons for nomination as candidate for director, etc.
Mr. Nishida has a wealth of experience. He leverages his experience from prior roles and, since joining the Company in
2021, he has served in various capacities, including as Executive Officer in charge of the Corporate Administration
Division, Executive Officer in charge of the Management Planning Office, Executive Officer in charge of the ESG
Promotion Office, Executive Officer in charge of new business, and in his current position as Executive Officer incharge of the Corporate Value Enhancing Division, the Customer First Promotion Division, the New Business
Development Office, and Corporate Transformation. He has once again been nominated as a candidate for director in
expectation of his effectiveness in management supervision.

Candidate
No.

Name
(Date of birth)

Career summary, position and responsibilities in the Company
Apr. 1982
Oct. 2018

9

Number of theCompany’s shares
ownedJoined Unicharm Corporation
Joined the Company, General Manager,
Overseas No. 2 Business Unit, Business
Administration Division
Oct. 2019
General Manager, Overseas Business Division,
Manager, Overseas Marketing Group
Apr. 2020
Executive Officer, in charge of the Overseas
Kaoru Yonemoto
Business Division, General Manager of the(January 2, 1960)
Overseas Group Companies Management
Headquarters
New election—
Apr. 2021
Executive Officer, in charge of the Overseas
Attendance at Board of
Business Division, Overseas Group Companies
Directors and other meetings
Management
Apr. 2022
Managing Executive Officer, in charge of the
Global Marketing Division, Corporate
Communication Division, Research andDevelopment Division, Overseas Group
Companies Management (current position)
Significant concurrent positions outside the Company
Reasons for nomination as candidate for director, etc.
Ms. Yonemoto has a wealth of experience. She leverages her experience from prior roles and, since joining theCompany in 2018, she has served in various capacities, including as Executive Officer in charge of the Overseas
Business Division, and in her current position as Executive Officer in charge of the Global Marketing Division,
Corporate Communication Division, Research and Development Division, and Overseas Group Companies
Management. She has been nominated as a candidate for director in expectation of her effectiveness in management
supervision.

Candidate
No.

Name
(Date of birth)

Career summary, position and responsibilities in the Company
Apr. 1985
Apr. 2007
Apr. 2009
Apr. 201010

Notes:

1.
2.
3.

4.

Number of theCompany’s shares
ownedJoined the Company
Manager, Finance and General Affairs GroupManager, Management Planning Group
Assistant General Manager, Corporate Staff
Division, Manager of the Management
Planning Group
Apr. 2012
Assistant General Manager, Business
Administration Headquarters, Business
Administration Division, Manager of theManagement Planning Group
Apr. 2013
Senior Manager of the Management PlanningGroup
Apr. 2014
Executive Officer, in charge of the
Kouichi Yoshizawa
Management Strategy Division, affiliated(October 26, 1962)
companies, Manager of the Management
Planning Group
Reappointment
June 2014
Director, Executive Officer, in charge of the
16,500Management Strategy Division, affiliatedAttendance at Board ofcompanies
Directors and other meetings
Apr. 2017
Director, Executive Officer, in charge of theBoard of Directors meetings 9/9
Management Strategy Division, theCompensation Committee
Manufacturing Division
meetings 3/3
Apr. 2018
Director, Executive Officer, in charge of theManagement Strategy Division, affiliatedcompanies
May 2018
Outside Director, NS FaFa Japan Co., Ltd.
Oct. 2019
Director, Executive Officer of the Company, incharge of the Management Strategy Division,
the Corporate Administration Division,affiliated companies
Apr. 2021
Director, Executive Officer, in charge of theBusiness Administration Division, affiliatedcompanies (current position)
Significant concurrent positions outside the Company
Reasons for nomination as candidate for director, etc.
Mr. Yoshizawa has a wealth of experience. Since joining the Company in 1985, he has mainly served in the area offinance and in the Management Planning Division, and has served in various capacities, including as Manager of theManagement Planning Group, Assistant General Manager of the Corporate Staff Division, and Executive Officer incharge of the Manufacturing Division, and in his current position as Executive Officer in charge of the Business
Administration Division and affiliated companies. He has once again been nominated as a candidate for director in
expectation of his effectiveness in management supervision.
There is no special interest between any of the candidates and the Company.
Naoto Onzo, Mitsuko Miyagawa, Shinzo Maeda, Shoichiro Iwata and Hiroko Noda are candidates for outside directors.
Naoto Onzo and Mitsuko Miyagawa have never been directly involved in the management of a company, except as outside
officers. However, the Company has judged they will appropriately fulfill their duties as outside directors based on theabove reasons.
Number of years in office for outside director candidates(1)
Naoto Onzo is currently an outside director of the Company, and at the conclusion of this annual general meetingof shareholders, his tenure as outside director will have been 12 years.
(2)
Mitsuko Miyagawa is currently an outside director of the Company, and at the conclusion of this annual general
meeting of shareholders, her tenure as outside director will have been a total of 10 years (she served as an outside
director of the Company from June 2008 to June 2011).
(3)
Shinzo Maeda is currently an outside director of the Company, and at the conclusion of this annual general meetingof shareholders, his tenure as outside director will have been one year.
(4)
Shoichiro Iwata is currently an outside director of the Company, and at the conclusion of this annual general
meeting of shareholders, his tenure as outside director will have been one year.

(5)Hiroko Noda is currently an outside director of the Company, and at the conclusion of this annual general meetingof shareholders, her tenure as outside director will have been one year.
5. The Company has entered into an agreement with outside director candidates Naoto Onzo, Mitsuko Miyagawa, Shinzo
Maeda, Shoichiro Iwata, and Hiroko Noda as outside directors currently in office, pursuant to the provisions of Article
427, paragraph (1) of the Companies Act, to limit their liability for damages under Article 423, paragraph (1) of theCompanies Act. The Company plans to renew the limited liability agreements with each of these candidates provided that
their respective reappointments are approved.
Pursuant to these agreements, the defined maximum amount of liability for damages is either an amount specified inadvance that is not less than ¥7 million, or an amount as prescribed by laws and regulations, whichever is higher.
6. The Company has entered into a directors and officers liability insurance agreement insuring all directors. This insurance
policy will cover losses or damage that the insured parties would bear if they were to assume liability for the performanceof their duties or be subject to a claim for the pursuit of such liability.
However, there are grounds for exemptions, including non-coverage of losses or damage caused intentionally or as a resultof gross negligence. Note that the Company bears the full amount of insurance premiums. If each of the candidates for
director is appointed, each will be insured under the insurance agreement, which is to be renewed during their terms ofoffice.
7. Outside director candidates Naoto Onzo, Mitsuko Miyagawa, Shinzo Maeda, Shoichiro Iwata and Hiroko Noda satisfy
Tokyo Stock Exchange, Inc.’s requirements for independent officers and the Company’s own requirements forindependence standards. The Company plans to continue to submit notification accordingly.