This document has been translated from the Japanese-language original for reference purposes
only. While this English translation is believed to be generally accurate, it is subject to, andqualified by, in its entirety, the Japanese-language original. Such Japanese-language original
shall be the controlling document for all purposes.
[Translation](Stock Exchange Code 7327)
May 31, 2022
To Shareholders with Voting Rights:
Michiro Ueguri
President and Representative Director
Daishi Hokuetsu Financial Group, Inc.
1071-1 Higashiborimae-dori 7-bancho, Chuo-ku,
Niigata, Niigata, JapanNOTICE OF CONVOCATION OF
THE 4TH ANNUAL GENERAL MEETING OF SHAREHOLDERS
Dear Shareholders:
We would like to express our appreciation for your continued support and patronage.
You are hereby notified that the 4th Annual General Meeting of Shareholders of Daishi
Hokuetsu Financial Group, Inc. (the “Company”) will be held for the purposes described below.
In view of prevention of spread of novel coronavirus (COVID-19) infections, we have decided
to hold the meeting with appropriate preventative measures in place. We would appreciate yourunderstanding that, as last year, the number of seats available for the general meeting of shareholders
will be substantially reduced accordingly. From the perspectives of preventing the spread of theinfection and prioritizing the health and safety of our shareholders, we request that you refrain from
attending in person on the day of the meeting.
Please review the attached Reference Documents for the General Meeting of Shareholders andexercise your voting rights via the Internet, etc. or in writing by 5:20 p.m. on Thursday, June 23,
2022, Japan time.
The Company plans to subsequently provide a video record of this General Meeting of
Shareholders via its webpage (https://www.dhfg.co.jp/english/).

1. Date andTime:
2. Place:

Friday, June 24, 2022, at 10 a.m. Japan time
(The reception begins at 9 a.m.)
Daishi Hokuetsu Hall on the second floor of Daishi Hokuetsu Bank, Ltd.’s head
office located at1071-1, Higashiborimae-dori, 7-bancho, Chuo-ku, Niigata, Japan(Please refer to the “Location of General Meeting of Shareholders” attached at theend of this document (Japanese version only).)1

3. Agenda:
Matters to be The Business Report, and the Consolidated Financial Statements and Nonreported: consolidated Financial Statements for the Company’s 4th Fiscal Year (April 1,

2021–March 31, 2022) and results of audits by the Accounting Auditor and the
Audit & Supervisory Committee of the Consolidated Financial Statements
Proposals to Proposal 1: Partial Amendments to the Articles of Incorporation
be resolved: Proposal 2: Election of Eight (8) Directors Not Serving as Audit & Supervisory
Committee Members
Proposal 3: Election of Five (5) Directors Serving as Audit & Supervisory
Committee Members

Note on the System for Providing General Shareholder Meeting Materials in Electronic Format
A System for Providing General Shareholder Meeting Materials in Electronic Format will be implemented on September 1, 2022.
Accordingly, we will start providing shareholder meeting materials on our website, etc. starting in the next general meeting ofshareholders (in and after March 2023) and shareholders will receive only a simple convocation notice (a notice to the effect thatgeneral shareholder meeting materials are posted on the website along with the website address).
Shareholders who wish to receive general shareholder meeting materials in paper-based format for the next annual general meeting ofshareholders are required to take a procedure for “request for the delivery of materials in paper-based format” during the period from
September 1, 2022 to March 31, 2023.
Please contact the securities company you have the account with if you wish to make the “request for the delivery of materials in
paper-based format” through a securities company, or Mitsubishi UFJ Trust and Banking Corporation (Telephone number exclusive forthe system for providing general shareholder meeting materials in electronic format: 0120-696-505 Operating hours: 9:00 to 17:00 on
business days, excluding Saturdays, Sundays and national holidays), through the administrator of shareholder registry.

● On the day of the meeting, a video will be filmed from the rear of the venue for later broadcast. We request yourunderstanding in this matter.

2

4. Instructions for the Exercise of Voting Rights(1) Methods for the exercise of voting rights
You can exercise your voting rights by three methods: attending the meeting in person, using the Internet,
etc., and mailing the Voting Rights Exercise Form.
(2) Handling of duplicate votes
If you have exercised your voting rights both by the Voting Rights Exercise Form and via the Internet, etc.,
the vote exercised via the Internet shall be deemed effective.
If you have exercised your voting rights more than once via the Internet, etc., only the last vote shall bedeemed effective.
(3) Handling of diverse exercise
If you wish to make a diverse exercise of your voting rights, please notify the Company of your intention of
making a diverse exercise of your voting rights and the reasons thereof by three (3) days prior to the General
Meeting of Shareholders.
(4) Exercise of voting rights by proxyIf you are unable to attend the meeting, you may exercise your voting rights by proxy. Such proxy must be ashareholder of the Company who holds voting rights and will be required to submit a document certifying theauthority as proxy.
(5) Disclosure via the Internet
Among the documents to be attached to this notice of convocation, the information listed in 1) to 3) below isdisclosed on our website (https://www.dhfg.co.jp/) and not included in the attached documents, pursuant to therelevant laws and regulations and the provision of Article 15 of the Company’s Articles of Incorporation.
1) “Matters concerning Share Acquisition Rights, etc.,” “Corporate Structure to Ensure Appropriate
Business Operations,” “Matters concerning Specified Wholly-Owned Subsidiaries,” and “Mattersconcerning Dealings with Parent Company, etc.” in the Business Report2) Consolidated Statement of Shareholders’ Equity and Notes to the Consolidated Financial Statements
3) Non-consolidated Statement of Shareholders’ Equity and Notes to the Non-consolidated Financial
Statements
The Business Report and the Non-consolidated and Consolidated Financial Statements that were audited by the
Audit & Supervisory Committee include the above 1) to 3) provided on our website, as well as those attached tothis notice of convocation. The Non-consolidated and Consolidated Financial Statements that were audited by the
Accounting Auditors include the above 2) and 3) provided on our website, as well as those attached to this noticeof convocation.
End● Should any amendments be made to the Reference Documents for the General Meeting of Shareholders, the Business Report, theConsolidated Financial Statements and the Non-consolidated Financial Statements, they will be posted on the Company’s website(https://www.dhfg.co.jp/).
● Matters disclosed via the Internet are available in a printed version (Japanese only). If you wish to receive the documents by mail,please call the head office at 025-224-7111.
These documents are also available at the reception desk on the day of the meeting, so please let us know if you need the documents.

3

Reference Documents for the General Meeting of Shareholders
Proposals and Reference Documents
Proposal 1: Partial Amendment to the Articles of Incorporation
1. Reason for the amendment
The amended provisions stipulated in the proviso of Article 1 of the supplementary provisions of the“Act Partially Amending the Companies Act” (Act No. 70 of 2019) will be enforced on September 1,
2022. Accordingly, in order to prepare for the introduction of the system for providing general shareholder
meeting materials in electronic format, the Articles of Incorporation of the Company shall be amended asfollows.
(1) The proposed Article 15, Paragraph 1 provides that information contained in the reference materials
for the general meeting of shareholders, etc. shall be provided electronically.
(2) The purpose of the proposed Article 15, Paragraph 2 is to establish a provision to limit the scope ofmatters to be included in the paper copy to be sent to shareholders who have requested it.
(3) The provisions related to the Internet disclosure and deemed provision of the reference materials forthe general meeting of shareholders, etc. (Article 15 of the current Articles of Incorporation) will
become unnecessary and will therefore be deleted.
(4) In line with the above establishment and deletion of the provisions, supplementary provisions related
to the effective date, etc. shall be established.
2. Details of the amendment
Details of the amendment are as follows.
(The amended portion is underlined)
Current Articles of Incorporation

After Amendment(Internet Disclosure and Deemed Provision ofReference Materials for the General Meeting of
Shareholders, Etc.)
Article 15 The Company may, when convening ageneral meeting of shareholders, deemthat it has provided information toshareholders pertaining to matters tobe described or indicated in thereference materials for the general
meeting of shareholders, business
report, non-consolidated financial
statements, and consolidated financial
statements, by disclosing suchinformation through the Internet inaccordance with the provisions
provided in the Ordinance of the
Ministry of Justice.

< Deleted >4

Current Articles of Incorporation

After Amendment< Newly established >(Measures for Electronic Provision, Etc.)
Article 15 The Company shall, when convening
a general meeting of shareholders,provide information contained in thereference materials for the general
meeting of shareholders, etc.
electronically.
2.
Among the matters to be provided
electronically, the Company may
choose not to include all or part of thematters stipulated in the Ordinance ofthe Ministry of Justice in the paper
copy to be sent to shareholders who
have requested it by the record date
for voting rights.
Supplementary provisions
1. The amendment to Article 15 of the current
Articles of Incorporation shall come into effecton September 1, 2022, the date of enforcementof the amended provisions stipulated in theproviso of Article 1 of the supplementaryprovisions of the Act Partially Amending theCompanies Act (Act No. 70 of 2019) (the“Effective Date”).

< Newly established >2. Notwithstanding the provisions of thepreceding paragraph, Article 15 (Internet
Disclosure and Deemed Provision ofReference Materials for the General Meetingof Shareholders, Etc.) of the Articles ofIncorporation shall remain in force withrespect to a general meeting of shareholders tobe held on a date within six months from the
Effective Date.
3. These supplementary provisions shall bedeleted after the lapse of six months from the
Effective Date or the lapse of three months
from the date of the general meeting ofshareholders set forth in the preceding
paragraph, whichever is later.

5

[Supplemental explanation concerning Proposal 1 “Partial Amendments to the Articles of Incorporation”]
A system for providing general shareholder meeting materials in electronic format is the system thatenables companies to provide their shareholders with general shareholder meeting materials by means of
uploading these materials onto their own website, etc. and notifying shareholders in writing of the said
website address, etc.
Since the system is forcibly applied to listed companies, the Company will use it from the next general
meeting of shareholders (in or after March 2023) and will provide shareholders with a simplified
convocation notice (which notifies uploading of the materials on the website and the address thereof).
Shareholders who wish to receive the general shareholder meeting materials in paper-based format for
the next annual general meeting of shareholders are required to take a procedure for “request for deliveryof materials in paper-based format” during the period from September 1, 2022 to March 31, 2023.
For details of the procedure of “request for delivery of materials in paper-based format,” please contact
the securities company with which you have an account, or Mitsubishi UFJ Trust and Banking Corporation(Telephone number exclusive for the system for providing general shareholder meeting materials inelectronic format: 0120-696-505 Operating hours: 9:00 to 17:00 on business days, excluding Saturdays,
Sundays and National holidays) which serves as the Company’s shareholder registry administrator.

6

Proposal 2: Election of Eight (8) Directors Not Serving as Audit & Supervisory Committee Members
The term of office of all of the eight (8) current Directors (excluding Directors serving as Audit &Supervisory Committee Members; hereinafter the same applies within this proposal) will expire at theconclusion of this Annual General Meeting of Shareholders. Accordingly, the Company proposes to electeight (8) Directors.
The Company has established the Nomination and Remuneration Committee to ensure the opportunity toreceive appropriate involvement and advice from Outside Directors on important matters such as the election
and dismissal of Directors, and thereby reinforce fairness, transparency, and objectivity (the Committee is anadvisory body to the Board of Directors composed of eight (8) members: five (5) Outside Directors and three(3) Representative Directors). The appointment of the candidates for Director was decided based on the
deliberations and findings of this Committee.
Although this proposal was discussed by the Audit & Supervisory Committee, there were no special
matters to note.
The candidates for Director are as follows:

No.

Name

Current position in the Company
Chairman and Representative
Director
President and Representative
Director
Representative Director andSenior Managing Director

Attendance at Meetingsof the Board of
Directors(4th term)

1

Fujio Namiki

Renomination

2

Michiro Ueguri

Renomination

3

Kazuyoshi
Hirokawa

Renomination

4

Makoto Takahashi

Renomination

Director

12/12 (100%)

5Ken Shibata

Renomination

Director

12/12 (100%)

6

Takayoshi Tanaka

Renomination

Director

12/12 (100%)7

Toshiyuki Maki

Renomination

Director

12/12 (100%)

8

Masami Watanabe

Renomination

Director

12/12 (100%)7

12/12 (100%)
12/12 (100%)
12/12 (100%)

No.

Name
(Date of birth)

Past experience, positions and responsibilities
April 1975
August 1998
February 2000
February 2002
June 2004

1

Number ofshares of theCompany held

Joined The Daishi Bank, Ltd.
General Manager, Kashiwazaki Minami Office
General Manager, Business Development Division
General Manager, Tsubame Office
General Manager, Sanjo Office and General Manager,
Sanjo Minami Office
June 2005
Director, General Manager, Sanjo Office
June 2006
Director stationed in Joestsu/General Manager, Takada
OfficeApril 2007
Director and Executive Officer stationed in
Joetsu/General Manager, Takada Office
April 2008
Managing Director, General Manager in charge ofBusiness Promotion Division/Retail Business
Division/Financial Service Division/Customer
Consulting Office
June 2009Managing Director in charge of Business Promotion
Division/Retail Business Division/Financial Service
Division/Customer Consulting Office
July
2009
Managing Director in charge of Business Promotion
Fujio Namiki
Division/Retail
Business Division/Financial Service(June 20, 1951)
Division(Age: 71*)
8,600
June 2010
Managing Director in charge of Credit Supervision
Division/Loan Examination Division/Loan
Renomination
Administration Division
June 2011
Senior Managing Director in charge of Planning
Coordination Division/Credit Supervision
Division/Loan Examination Division/Loan
Administration Division/Tokyo Representative Office
June 2012
President, Chairman of Board of Directors in charge ofSupervision/Secretariat
October 2018
President and Representative Director, Chairman ofBoard of Directors, Supervision, the Company
February 2019 President, Chairman of Board of Directors in charge ofSupervision/Secretariat/Audit and Inspection Division,
The Daishi Bank, Ltd.
January 2021
President, Chairman of Board of Directors in charge ofSupervision/Secretariat/Audit and Inspection Division,
Daishi Hokuetsu Bank, Ltd.
April 2021
Chairman and Representative Director in charge ofSupervision/Audit and Inspection Division, theCompany (current position)
Director in charge of Supervision/Audit and Inspection
Division, Daishi Hokuetsu Bank, Ltd.
Years in service as Director: 3 years and 9 months*[Reason for nomination as Director]
Since he assumed the office of Director of The Daishi Bank, Ltd. (currently Daishi Hokuetsu Bank, Ltd.) in
June 2005, Mr. Fujio Namiki has supervised the divisions of business promotion, credit/loans, and management
planning, thereby accumulating considerable experience and broad knowledge. Having assumed the office ofthe bank’s Representative Director in June 2011, President in June 2012, the Company’s President andRepresentative Director since its establishment in October 2018, and the Company’s Chairman and
Representative Director since April 2021, he has adequately fulfilled his duties and responsibilities. He has
therefore been nominated as Director in the judgment that he will continue to be able to contribute to the
management of our Group.
[Significant concurrent positions]
Outside Director, HOKURIKU GAS CO., LTD.
Outside Director, Broadcasting System of Niigata Inc.

8

No.

Name
(Date of birth)

Past experience, positions and responsibilities
April 1986
April 2008
June 20092

Number ofshares of theCompany held

Joined The Daishi Bank, Ltd.
General Manager, Kashiwazaki Minami OfficeActing General Manager, Planning Coordination
Division
June 2012
General Manager, Planning Coordination Division
June 2015
General Manager, Tokyo Office, and Chief
Representative, Tokyo Representative Office
June 2016
Executive Officer, General Manager, Tokyo Office,and Chief Representative, Tokyo Representative
OfficeApril 2017
Executive Officer and General Manager, Group
Strategy Planning Division
June 2017
Director, Executive Officer and General Manager,
Group Strategy Planning Division
June 2018
Managing Director in charge of Planning Coordination
Division/Tokyo Representative Office
October 2018
Director in charge of Corporate Planning Division, theMichiro Ueguri
Company(December 24,
June 2019
Managing Director in charge of Planning Coordination
1962)
Division/Tokyo Representative Office/General Affairs(Age: 59*)
3,500
Division/Human Resources Division, The Daishi
Bank, Ltd.
Renomination
June 2020
Director in charge of Systems Administration
Management Division and Business Planning
Division, the Company
Managing Director, General Manager, Operation
Headquarters, in charge of Administration
Management Division/System Planning
Division/Operation Centralization Division/Operation
Support Division, The Daishi Bank, Ltd.
January 2021
Director in charge of Business Planning Division, theCompany
Managing Director, General Manager, Business
Headquarters, Daishi Hokuetsu Bank, Ltd.
April 2021
President and Representative Director, Chairman ofBoard of Directors, Supervision, the Company (current
position)
President and Director, Chairman of Board of
Directors in charge of Supervision/Secretariat
Division, Daishi Hokuetsu Bank, Ltd. (current
position)
Years in service as Director: 3 years and 9 months*[Reason for nomination as Director]
Since he assumed the office of Director of The Daishi Bank, Ltd. (currently Daishi Hokuetsu Bank, Ltd.) in
June 2017, Mr. Michiro Ueguri has supervised the divisions of management planning, general affairs, humanresources, administration and sales, thereby accumulating considerable experience and broad knowledge. He
has served as Director of the Company since its establishment in October 2018, and was appointed President
and Representative Director of the Company and President and Director of Daishi Hokuetsu Bank, Ltd. in April
2021. He has adequately fulfilled his duties and responsibilities, and he has therefore been nominated as Director
in the judgment that he will continue to be able to contribute to the management of our Group.
[Significant concurrent positions]
President and CEO, Daishi Hokuetsu Bank, Ltd.

9

No.

Name
(Date of birth)

Past experience, positions and responsibilities
April 1985
July 2008
July 2010
June 2012
June 2015

3

Number ofshares of theCompany held

Joined The Hokuetsu Bank, Ltd.
Deputy General Manager, Human Resources Division
General Manager, Miyauchi Branch
General Manager, Operation Supervision Division
Director and General Manager, General Planning
Division
June 2017
Senior Managing Director in charge of General
Planning Division/Human Resources
Division/Secretarial Office/Tokyo Office, Supervision
Kazuyoshi
of affiliated companies
Hirokawa
June 2018
Senior Managing Director in charge of Human(August 19,
Resources Division/Secretarial Office/Tokyo Office
1961)
October 2018
Director in charge of Personnel Planning Division, the5,700(Age: 60*)
Company
April 2019
Senior Managing Director in charge of Risk Control
Renomination
Division/Human Resources Division/Secretarial
Office/Tokyo Office, The Hokuetsu Bank, Ltd.
January 2021
Senior Managing Director in charge of Human
Resources Division, Daishi Hokuetsu Bank, Ltd.
April 2021
Representative Director and Senior Managing
Director in charge of Personnel Planning Division/
Risk Management Division, the Company (current
position)
Senior Managing Director in charge of Human
Resources Division/Risk Supervision Division, Daishi
Hokuetsu Bank, Ltd. (current position)
Years in service as Director: 3 years and 9 months*[Reason for nomination as Director]
Mr. Kazuyoshi Hirokawa assumed the office of Director of The Hokuetsu Bank, Ltd. (currently Daishi Hokuetsu
Bank, Ltd.) in June 2015 and has supervised the divisions of business planning, human resources and risk
management, thereby accumulating considerable experience and broad knowledge. Having assumed the officeof the bank’s Representative Director in June 2017, the Company’s Director since its establishment in October
2018, Senior Managing Director of Daishi Hokuetsu Bank, Ltd. since January 2021, and the Company’s
Representative Director and Senior Managing Director since April 2021, he has appropriately fulfilled his duties
and responsibilities. He has therefore been nominated as Director in the judgment that he will continue to beable to contribute to the management of our Group.
[Significant concurrent positions]
Senior Managing Director, Daishi Hokuetsu Bank, Ltd.

10

No.

Name
(Date of birth)

Past experience, positions and responsibilities
April 1985
July 2008
July 2009
June 2011
July 2012
June 2013
June 2015
June 2017
June 2018
October 2018
April 2019

MakotoTakahashi(February 23,
1962)(Age: 60*)

January 2021

Renomination
4

April 2021

Joined The Hokuetsu Bank, Ltd.
Senior Manager, General Planning Division
General Manager, Gosen Branch
Deputy General Manager and Business Promotion
Manager, Business Supervision Division
Senior Manager, Loan Division
General Manager, Loan Division
General Manager, Business Supervision Division
Director, General Manager, General Planning Division
Managing Director, General Manager, General
Planning Division, Supervision of affiliates
Director in charge of Consolidation Promotion
Division, the Company
Managing Director in charge of General Planning
Division/Consolidation Promotion Division,
Supervision of affiliates, The Hokuetsu Bank, Ltd.
Director in charge of Consolidation Promotion
Division/Systems Operation Administration
Division, the Company
Managing Director, General Manager,
Operation Headquarters, in charge ofOperation Administration Division /System
Planning Division/Operation Centralization
Division/Operation Support Division, Daishi
Hokuetsu Bank, Ltd.
Director in charge of Regional Revitalization Division/Systems Operation Administration Division
Managing Director, General Manager, Operation
Headquarters, in charge of Administration
Management Division/System Planning
Division/Operation Centralization Division/Operation
Support Division/Business Headquarters, Daishi
Hokuetsu Bank, Ltd.

June 2021

Number ofshares of theCompany held

4,150

Director in charge of General Affairs Division/Systems Operation Administration Division, theCompany (current position)
Managing Director, General Manager, Operation
Headquarters, in charge of Administration
Management Division/System Planning
Division/Operation Centralization Division/Operation
Support Division/General Affairs Division, Daishi
Hokuetsu Bank, Ltd. (current position)
Years in service as Director: 3 years and 9 months*[Reason for nomination as Director]
Since he assumed the office of Director of The Hokuetsu Bank, Ltd. (currently Daishi Hokuetsu Bank, Ltd.) in
June 2017, Mr. Makoto Takahashi has supervised the divisions of management planning and consolidation
promotion, thereby accumulating considerable experience and broad knowledge. Since the establishment of theCompany in October 2018, he has served as Director, and as Managing Director of Daishi Hokuetsu Bank, Ltd.
since January 2021, and has adequately fulfilled his duties and responsibilities. He has therefore been nominatedas Director in the judgment that he will continue to be able to contribute to the management of our Group.
[Significant concurrent positions]Managing Director, Daishi Hokuetsu Bank, Ltd.

11

No.

Name
(Date of birth)

Past experience, positions and responsibilities
April 1989
February 2011
June 2012
June 2015
June 2018
October 2018
June 2020

Ken Shibata(January 19,
1967)(Age: 55*)

January 2021

Renomination

5

April 2021

June 2021

Joined The Daishi Bank, Ltd.
General Manager, Tsubame Minami OfficeActing General Manager, Planning Coordination
Division
General Manager, Planning Coordination Division
Director and Executive Officer, General Manager,
Planning Coordination Division
General Manager, Business Planning Division, theCompany
Director, General Manager, Corporate
Planning Division, in charge of Risk
Management Division, the Company
Managing Director, General Manager,
Planning Coordination Division, in chargeof Tokyo Representative Office/Risk
Control Division, The Daishi Bank, Ltd.
Director in charge of Corporate Planning
Division/Risk Management Division, theCompany
Managing Director in charge of Planning
Coordination Division/Tokyo
Representative Office/Risk Supervision
Division, Daishi Hokuetsu Bank, Ltd.
Director in charge of Corporate Planning
Division/Group Strategy Promotion Division, theCompany
Managing Director in charge of Planning
Coordination Division/Tokyo
Representative Office, Daishi Hokuetsu
Bank, Ltd.
Director in charge of Corporate Planning
Division/Group Strategy Promotion Division andTreasury and Capital Markets Division , theCompany (current position)
Managing Director in charge of Planning
Coordination Division/Tokyo Representative Office
and Treasury and Capital Markets Division, Daishi
Hokuetsu Bank, Ltd. (current position)

Number ofshares of theCompany held

2,500

Years in service as Director: 2 years*[Reason for nomination as Director]
Mr. Ken Shibata assumed the office of Director of The Daishi Bank, Ltd. (currently Daishi Hokuetsu Bank, Ltd.)in June 2018 and has supervised the divisions of corporate planning, risk management, securities operation,
thereby accumulating considerable experience and broad knowledge. He has served as Director of the Company
and Managing Director of Daishi Hokuetsu Bank, Ltd. since June 2020. He has adequately fulfilled his duties
and responsibilities, and he has therefore been nominated as Director in the judgment that he will continue tobe able to contribute to the management of our Group.
[Significant concurrent positions]Managing Director, Daishi Hokuetsu Bank, Ltd.

12

No.

Name
(Date of birth)

Past experience, positions and responsibilities
April 1987
February 2009
February 2011
June 2013
June 2015
June 2017
October 2018

Takayoshi
Tanaka(June 15, 1963)(Age: 59*)
Renomination

June 2019
June 2020

January 2021

6
June 2021

July 2021

Joined The Daishi Bank, Ltd.
General Manager, Nagaoka Shiyakushomae Office
General Manager, Gosen Office
General Manager, Tokamachi Office
General Manager, Human Resources Division
Executive Officer, General Manager, Human
Resources Division
General Manager in charge of Personnel Planning
Division, the Company
Director and Executive Officer, General Manager,
Human Resources Division, The Daishi Bank, Ltd.
Managing Director, General Manager, Head
Office Business Division, and Manager,
Niigata Airport Sub-office, in charge of
Personnel Division, The Daishi Bank, Ltd.
Senior Managing Executive Officer, General
Manager, Head Office Business Division andManager, Niigata Airport Sub-office, Daishi Hokuetsu
Bank, Ltd.
Director, The Daishi Bank, Ltd. (current position)
Managing Executive Officer, General Manager, Head
Office Business Division, and Manager, Niigata
Airport Sub-office, Daishi Hokuetsu Bank, Ltd.
Managing Director, General Manager, Head OfficeBusiness Division and Niigata Branch, and Manager,
Niigata Airport Sub-office, Daishi Hokuetsu Bank,
Ltd. (current position)

Number ofshares of theCompany held

4,826

Years in service as Director: 1 year*[Reason for nomination as Director]
Mr. Takayoshi Tanaka assumed the office of Director of The Daishi Bank, Ltd. (currently Daishi Hokuetsu
Bank, Ltd.) in June 2019 and has supervised the Personnel Division, thereby accumulating considerable
experience and broad knowledge. He has served as Director of the Company and Managing Director andGeneral Manager of the Head Office Business Division of Daishi Hokuetsu Bank, Ltd. since June 2021. He
has adequately fulfilled his duties and responsibilities, and he has therefore been nominated as Director in the
judgment that he will continue to be able to contribute to the management of our Group.
[Significant concurrent positions]Managing Director, Daishi Hokuetsu Bank, Ltd.

13

No.

Name
(Date of birth)

Past experience, positions and responsibilities
April 1990
April 2013
June 2014
June 2015
June 2017
June 2018
October 2018

Toshiyuki Maki
(December 19,
1966)(Age: 55*)
Renomination

June 2019
June 2019
June 2020
January 2021

7
April 2021
June 2021

Joined The Daishi Bank, Ltd.
Deputy General Manager, Corporate Sales Support
Division
Deputy General Manager, Loan Examination
Division
General Manager, Kameda Office
General Manager, Sanjo Office and General Manager,
Sanjo Higashi Office
Executive Officer and General Manager, Consulting
Promotion Division
General Manager, Business Planning Division, theCompany
Director, Executive Officer and General Manager,
Consulting Promotion Division, The Daishi Bank, Ltd.
Director, Executive Officer and General Manager,
Business Headquarters
Managing Director, General Manager, Business andRegional Revitalization Headquarters
Senior Managing Executive Officer and General
Manager, Business and Regional Revitalization
Headquarters, Daishi Hokuetsu Bank, Ltd.
General Manager, Regional Revitalization Division,
the Company

Number ofshares of theCompany held

900

Director, General Manager, Regional Revitalization
Headquarters and Regional Revitalization Division(current position)
Managing Director and General Manager, Business
Headquarters, in charge of Consulting Division andBusiness Development and Planning Division, Daishi
Hokuetsu Bank, Ltd. (current position)

Years in service as Director: 1 year*[Reason for nomination as Director]
Mr. Toshiyuki Maki assumed the office of Director of The Daishi Bank, Ltd. (currently Daishi Hokuetsu Bank,Ltd.) in June 2019 and supervised the division of business promotion, thereby accumulating considerable
experience and broad knowledge. He has served as Director and General Manager of the Regional Revitalization
Headquarters and Regional Revitalization Division, and Managing Director and General Manager of theBusiness Headquarters of Daishi Hokuetsu Bank, Ltd. since June 2021. He has adequately fulfilled his duties
and responsibilities, and he has therefore been nominated as Director in the judgment that he will continue tobe able to contribute to the management of our Group.
[Significant concurrent positions]Managing Director, Daishi Hokuetsu Bank, Ltd.

14

No.

Name
(Date of birth)

Past experience, positions and responsibilities
April 1983
June 2006

Masami
Watanabe(January 23,
1961)(Age 61*)
Renomination

June 2008
December 2009
April 2010
June 2012
April 2014
April 2017
June 2017
June 2019
January 2021
April 2021

8
June 2021
July 2021

Joined The Hokuetsu Bank, Ltd.
General Manager, Assessment Management Office,
Audit and Inspection Division
General Manager, Shirone Branch
Loan Examination Supervisor, No. 2 Loan Division
Deputy General Manager, No. 2 Loan Division
General Manager, Naoetsu Branch
General Manager, No. 2 Loan Division
General Manager, Loan Division
Director and General Manager, Niigata BranchManaging Director in charge of Loan
Division/Market and Capital Division
Senior Managing Executive Officer in charge of the
Jochuetsu region, Daishi Hokuetsu Bank, Ltd.
Senior Managing Executive Officer and General
Manager, Nagaoka Head Office Business Division
Director, the Company (current position)
Senior Managing Executive Officer and General
Manager, Nagaoka Head Office Business Division
and Nagaoka Main Office, Daishi Hokuetsu Bank,
Ltd. (current position)

Number ofshares of theCompany held

1,212

Years in service as Director: 1 year*[Reason for nomination as Director]
Mr. Masami Watanabe assumed the office of Director of The Hokuetsu Bank, Ltd. (currently Daishi Hokuetsu
Bank, Ltd.) in June 2017 and supervised the loan and securities management divisions, thereby accumulating
considerable experience and broad knowledge. He has served as Senior Managing Executive Officer of Daishi
Hokuetsu Bank, Ltd. since January 2021 and as Director of the Company since June 2021. He has appropriately
fulfilled his duties and responsibilities. He has therefore been nominated as Director in the judgment that he willcontinue to be able to contribute to the management of our Group.
[Significant concurrent positions]
Senior Managing Executive Officer, Daishi Hokuetsu Bank, Ltd.
*The age and the number of years in service for each candidate are at the closing of this General Meeting Shareholders.
Notes: 1. There is no special interest between each candidate for Director and the Company.
2. The Company has concluded a directors and officers liability insurance contract based on Article 430,
Paragraph 3, Item 1 of the Companies Act with an insurance company to cover legal damages andlitigation expenses in the event that a claim for damages is made against the insured parties.
The insured parties under the insurance contract are Directors of the Company, Directors and Executive
Officers of the Company’s subsidiary bank. The insurance premiums are fully paid by the Company and its
subsidiary bank, in proportion to their respective number of insured parties. If this proposal is approved andpassed without alternation, then all candidates for the position of Director will be insured under the contract.
The Company intends to renew the directors and officers liability insurance contract under the same terms
when it comes due for renewal.

15

Proposal 3: Election of Five (5) Directors Serving as Audit & Supervisory Committee Members
The term of office of the five (5) current Directors serving as Audit & Supervisory Committee Members,
who are Mr. Yutaka Kimura, Mr. Koichi Masuda, Mr. Hiroshi Fukuhara, Mr. Toshizo Oda, and Mr. Kazuaki
Matsumoto, out of the six (6) current Directors serving as Audit & Supervisory Committee Members, will
expire at the conclusion of this Annual General Meeting of Shareholders. Accordingly, the Company proposes
to elect five (5) Directors serving as Audit & Supervisory Committee Members.
The Company has established the Nomination and Remuneration Committee to ensure the opportunity toreceive appropriate involvement and advice from Outside Directors on important matters such as the election
and dismissal of Directors, and thereby reinforce fairness, transparency, and objectivity (the Committee is anadvisory body to the Board of Directors composed of eight (8) members: five (5) Outside Directors and three(3) Representative Directors). The appointment of the candidates for Director was decided based on the
deliberations and findings of this Committee.
This proposal has been approved by the Audit & Supervisory Committee.
If Proposal 2 “Election of Eight (8) Directors Not Serving as Audit & Supervisory Committee Members”
and this proposal are both approved and passed without alteration, then there will be five (5) independent
directors based on the regulations of the Tokyo Stock Exchange Inc., and more than one third of theCompany’s directors will be independent directors.
The candidate for Director serving as Audit & Supervisory Committee Member is as follows:

No.

Name

Current position in the Company
Director (Audit & Supervisory
Committee Member)
Director (Audit & Supervisory
Committee Member) (Outside
Director)
Director (Audit & Supervisory
Committee Member) (Outside
Director)

Attendance at
Meetings ofthe Board of
Directors(4th term)
12/12 (100%)

1

Yutaka Kimura

Renomination

2

Toshizo Oda

Renomination

3

Kazuaki Matsumoto

Renomination

4

Tadashi Shirai

New nomination

–

–

5

Hiroyuki Kikuchi

New nomination

–

–

16

11/12 (91%)
12/12 (100%)

Name(Date of birth)

Yutaka Kimura(June 5, 1963)(Age: 59*)
Renomination

1

Past experience, positions and responsibilities
April 1986
February 2009
February 2011
February 2013
February 2015
March 2017
October 2018
June 2020

Joined The Daishi Bank, Ltd.
General Manager, Kodo Office
General Manager, Maki Office
General Manager, Murakami Office
General Manager, Management Supervision
Division
General Manager, Risk Supervision Division
General Manager, Risk Management Division, theCompany
Director (Audit and Supervisory Committee
Member) (current position)

Number ofshares of theCompany held

1,300

Years in service as Director: 2 years*[Reason for nomination as Director and summary of expected roles]
After serving as General Manager at multiple offices of The Daishi Bank Ltd. (currently Daishi Hokuetsu
Bank, Ltd.), Mr. Yutaka Kimura assumed the office of General Manager of Management Supervision
Division, Risk Supervision Division as well as Risk Management Division of the Company, thereby
accumulating considerable experience and broad knowledge in risk management and compliance. Having
assumed the office of Director serving as Audit & Supervisory Committee Member of the Company, he has
adequately fulfilled his duties and responsibilities. He has therefore been nominated as Director serving as
Audit & Supervisory Committee Member in the judgment that he will continue to be able to contribute to theenhancement of the effectiveness of our Group’s auditing function as well as decision-making and supervisory
functions of its Board of Directors.
[Significant concurrent positions]
None

17

Name
(Date of birth)

Past experience, positions and responsibilities
April 1974

2

Number ofshares of theCompany held

Joined The Niigata Nippo Co., Ltd. (“Niigata
Nippo”)March 2008
Director, Niigata Nippo
March 2010
Managing Director, Niigata Nippo
March 2013
Senior Managing Director, Niigata Nippo
March 2014
Representative Director and President, Niigata
Toshizo Oda
Nippo(June 8, 1950)
June 2014
Outside Director, Broadcasting System of Niigata(Age: 72*)
3,100
Inc. (current position)
June 2015
Outside Corporate Auditor, The Daishi Bank, Ltd.
Renomination
June 2016
Outside Director (Audit and Supervisory
Committee Member), The Daishi Bank, Ltd.
October 2018
Outside Director (Audit & Supervisory
Committee Member), the Company (current
position)
March 2022
Representative Director and Chairman,
Niigata Nippo (current position)
Years in service as Director: 3 years and 9 months*[Reason for nomination as Outside Director and summary of expected roles]
Mr. Toshizo Oda assumed the office of Outside Corporate Auditor of The Daishi Bank Ltd. (currently Daishi
Hokuetsu Bank, Ltd.), in June 2015 and Outside Director serving as Audit and Supervisory Committee
Member in June 2016. Since its establishment in October 2018, he has adequately fulfilled his duties andresponsibilities as Outside Director serving as Audit & Supervisory Committee Member of the Company byutilizing his ample experience and broad knowledge as a manager of a news medium of highly public andethical nature. He has therefore been nominated as Outside Director in the judgment that he will continue tobe able to contribute to the enhancement of the effectiveness of our Group’s auditing function as well as
decision-making and supervisory functions of its Board of Directors.
[Significant concurrent positions]Representative Director and Chairman, The Niigata Nippo Co., Ltd
Outside Director, Broadcasting System of Niigata Inc.
* Mr. Toshizo Oda plans to retire as Outside Director of Broadcasting System of Niigata Inc. on June 23, 2022,
and to assume the office of Corporate Auditor of the same company on the same day.
[Independence]
Mr. Toshizo Oda satisfies the Independence Criteria” (please see Reference 1 on Page 22) prescribed by theCompany.
Mr. Toshizo Oda currently serves as Representative Director and Chairman of The Niigata Nippo Co., Ltd., but
the transactional amount for fiscal 2021 between The Niigata Nippo Co., Ltd and the Company accounts forless than 1% of the net sales of The Niigata Nippo Co., Ltd. as well as of the consolidated gross profits of theCompany. Therefore, his independence is not affected.

18

Name
(Date of birth)

Past experience, positions and responsibilities
April 1999

3

Number ofshares of theCompany held

Full-time Lecturer, Department of Management andInformation, Nagaoka Junior College
April 2005
Assistant Professor, Department of Industry andManagement, Faculty of Industry and Management,
Nagaoka University
April 2006
Part-time Lecturer, National Institute ofTechnology, Nagaoka College
April 2007
Associate Professor, Department of Management,
Faculty of Economy and Management, Nagaoka
University
KazuakiApril 2011
Part-time Lecturer, Graduate School of Business
Matsumoto
Administration, Meiji University (current position)(November 4,
April 2012
Professor, Department of Management, Faculty of
1970)
100
Economy and Management, Nagaoka University(Age: 51*)
April 2015
Part-time Lecturer, School of Engineering, Nagaoka
University of Technology
Renomination
April 2016
Part-time Lecturer, Faculty of International Studies,
Niigata University of International and Information
Studies
April 2017
Professor, Department of Economy andManagement, Faculty of Economy andManagement, Nagaoka University
October 2018
Outside Director (Audit & Supervisory Committee
Member), the Company (current position)
April 2019
Professor, Department of Management, Faculty ofBusiness Administration, Kyoto Sangyo University(current position)
Years in service as Director: 3 years and 9 months*[Reason for nomination as Outside Director and summary of expected roles]
Since its establishment in October 2018, Mr. Kazuaki Matsumoto has adequately fulfilled his duties andresponsibilities as Outside Director serving as Audit & Supervisory Committee Member of the Company byutilizing a wide range of knowledge and expertise in the study of economy and management as well as ofmanagement theory as a university professor. He has therefore been nominated as Outside Director in the
judgment that he will continue to be able to contribute to the enhancement of the effectiveness of ourGroup’s auditing function as well as decision-making and supervisory functions of the Board of Directors.
For this reason, although he has never been directly involved in corporate management other than as an
outside officer, Mr. Kazuaki Matsumoto has been judged to continue to be able to adequately fulfill his duties
as Outside Director.
[Significant concurrent positions]
Professor, Department of Management, Faculty of Business Administration, Kyoto Sangyo University[Independence]
Mr. Kazuaki Matsumoto satisfies the Independence Criteria” (please see Reference 1 on Page 22) prescribedby the Company.
Mr. Kazuaki Matsumoto teaches as a professor at Faculty of Business Administration of Kyoto Sangyo
University, but the university has no business relationship with the Group companies.

19

Name
(Date of birth)

Past experience, positions and responsibilities
September
1981
April 1984
April 1992

4

Number ofshares of theCompany held

Joined Deloitte Haskins & Sells LLP Accountant
Office (currently Deloitte Touche Tohmatsu LLC)
Registered as Certified Public Accountant
Chair of Information System Committee of The
Tadashi Shirai
Japanese Institute of Certified Public Accountants(January 18,
1957)
June 1993
Partner, Deloitte Touche Tohmatsu LLC(Age: 65*)0June 2007
General Manager, Niigata Office, Deloitte Touche
Tohmatsu LLC
New nomination October 2015
Board Member and Chairman of Audit Committee,
Deloitte Touche Tohmatsu LLC
October 2018
Director, Audit Innovation & Delivery Center,
Deloitte Touche Tohmatsu LLC
October 2020
Supervisor, Kanade Partnership (current position)[Reason for nomination as Outside Director and summary of expected roles]
Mr. Tadashi Shirai possesses extensive knowledge and advanced insight from his long-term work as certified
public accountant and information processing system engineer in accounting audit and system consulting
services for corporations. He has therefore been nominated as Outside Director in the judgment that he will beable to contribute to the enhancement of the effectiveness of our Group’s auditing function as well as
decision-making and supervisory functions of its Board of Directors by utilizing these experiences andinsights.
For this reason, although he has not been directly involved in corporate management, Mr. Tadashi Shirai has
been judged to continue to be able to adequately fulfill his duties as Outside Director.
[Significant concurrent positions]Supervisor, Kanade Partnership[Independence]
Mr. Tadashi Shirai satisfies the Independence Criteria” (please see Reference 1 on Page 22) prescribed by theCompany.
Mr. Tadashi Shirai serves as auditor of Kanade Partnership, but the Partnership has no business relationshipwith the Group companies.
Mr. Tadashi Shirai was once employed by Deloitte Touche Tohmatsu LLC, but resigned therefrom in September
2020. The transactional amount of the Group companies with Deloitte Touche Tohmatsu LLC for fiscal 2021
accounted for less than 1% of the net sales of Deloitte Touche Tohmatsu LLC as well as of the consolidated
gross profits of the Company. Therefore, his independence is not affected.

20

Name
(Date of birth)

Past experience, positions and responsibilities
April 1996

Number ofshares of theCompany held

Registered as an attorney (Member of Niigata Bar
Association)
June 2004
Principal, Masayakoji Law & Patent Office (current
position)0
April 2005
Registered as a patent attorney
New nomination April 2006
Registered as a tax accountant
August 2016
President, Niigata Bar Association
Executive Governor, Kanto Federation of Bar Associations[Reason for nomination as Outside Director and summary of expected roles]
5 Mr. Hiroyuki Kikuchi possesses extensive knowledge and advanced insight regarding laws from his long-termwork as an attorney. He has therefore been nominated as Outside Director in the judgment that he will be able
to contribute to the enhancement of the effectiveness of our Group’s auditing function as well as decisionmaking and supervisory functions of its Board of Directors by utilizing these experiences and insights.
For this reason, although he has not been directly involved in corporate management, Mr. Hiroyuki Kikuchi
has been judged to continue to be able to adequately fulfill his duties as Outside Director.
[Significant concurrent positions]
Principal, Masayakoji Law & Patent Office[Independence]
Mr. Hiroyuki Kikuchi satisfies the Independence Criteria (please see Reference 1 on Page 22) prescribed by theCompany.
Mr. Kazuaki Matsumoto serves as Principal of Masayakoji Law & Patent Office, but neither he nor the officehas received any monetary or other economic benefits from the Group companies.
*The age and the number of years in service for each candidate are at the closing of this General Meeting Shareholders.
Notes: 1. There is no special interest between each candidate for Director serving as Audit & Supervisory Committee
Members and the Company.
2. Mr. Toshizo Oda, Mr. Kazuaki Matsumoto, Mr. Tadashi Shirai Oda and Mr. Hiroyuki Kikuchi are candidates
for Outside Director.
3. The Company has entered into a limited liability agreement pursuant to Article 423, Paragraph 1 of theCompanies Act with Mr. Toshizo Oda and Mr. Kazuaki Matsumoto. The maximum amount of liability inaccordance with said agreement shall be the minimum amount of liability stipulated in Article 425, Paragraph
1 of said Act. If the renomination of the two candidates is approved and passed, the Company plans tocontinue the above limited liability agreement with each of them. If the election of Mr. Tadashi Shirai and
Mr. Hiroyuki Kikuchi is approved and passed, the Company plans to conclude a limited liability agreement
under the same terms with each of them.
4. The Company has concluded a directors and officers liability insurance contract based on Article 430,
Paragraph 3, Item 1 of the Companies Act with an insurance company to cover legal damages and litigation
expenses in the event that a claim for damages is made against the insured parties.
The insured parties under the insurance contract are Directors of the Company, Directors and Executive
Officers of the Company’s subsidiary bank. The insurance premiums are fully paid by the Company and its
subsidiary bank, in proportion to their respective number of insured parties. If this proposal is approved andpassed without alteration, then each of the candidates for Director serving as Audit & Supervisory
Committee Member will be insured under the contract.
The Company intends to renew the directors and officers liability insurance contract under the same terms
when it comes due for renewal.
5. The Company has designated Mr. Toshizo Oda and Mr. Kazuaki Matsumoto as independent directors inaccordance with the regulations of the Tokyo Stock Exchange Inc., and notified the exchange to that effect. If
the renomination of these two candidates is approved and passed, the Company plans to continue to designatethem as independent directors. Mr. Tadashi Shirai and Mr. Hiroyuki Kikuchi also satisfies the requirements
for independent directors based on the regulations of the Tokyo Stock Exchange Inc. If the election of thesetwo persons is approved and passed, the Company plans to designate them as independent directors andnotify the exchange to that effect.
End
Hiroyuki Kikuchi(January 6, 1965)(Age: 57*)

21

Reference 1
In addition to fulfilling the independence criteria established by the Tokyo Stock Exchange Inc. on theappointment of outside directors, the candidates must also satisfy the following “independence criteria.”
Independence Criteria
As a general rule, candidates for outside directors must not currently or recently*1 qualify in any of thefollowing requirements listed below.
(1) Major*2 customers of the Group or the executive officer of such customers;(2) Business operators whose major*2 customer is the Group, or the executive officer of such business
operators;(3) Those who are either consultants, financial experts or legal experts who receive large monetarysums*3 or other assets from the Group other than a director’s compensation (where the entity inreceipt of such assets are legal entities or any other associations, those who are affiliated to such
entities are also included);(4) Those who are in receipt of large sums*3 of donations from the Group or is the executive officer ofsuch entities;(5) Major shareholder*4 of the Group or executive officer of such shareholders; and(6) Relatives*6 of the following (excluding those who are considered to be not important*5)
A. Those who qualify under (1) to (5) above;
B. A director of the Group who is not an executive officer or an executive officer of a subsidiary.

Definitions:*1 “recent” means a situation that can substantially mean current where, for instance, it would apply inthe event of approving the resolutions at the Annual General Meeting of Shareholders where a newoutside director was appointed.
*2 “major” means recording more than 1% of the consolidated net proceeds (in the case of the Group,
consolidated gross profits) of the most recent fiscal year.
*3 “large sums” means more than 10 million yen per year for the average of the previous three years.
*4 “major shareholders” means a shareholding equity of more than 10%.
*5 “those who are considered to be not important” means those who do not hold positions as directors
or general managers of a company, and for individuals whose affiliations are with accounting or law
firms, those individuals who are not qualified as accountants or lawyers.
*6 “relatives” mean an individual’s spouse and relatives within a second degree of kinship.

22

Reference 2・ The Company has identified thirteen (13) items as knowledge, experience and ability the Board of
Directors need to be equipped with, consisting of nine (9) items common to ordinary corporations andfour (4) items special to the Company as a regional financial group.

Common to ordinary
corporations
Special to a regional
financial group

Knowledge, experience and ability to be equipped with
(1) Corporate management, (2) Management strategy and sustainability, (3) Risk
management, (4) HR management, (5) Sales, (6) Management theory, (7)Finance and accounting, (8) Legal affairs and (9) IT systems(10) Corporate audit, (11) Market operations, (12) System administration and(13) Regional administration

・ The fields in which the internal candidates for Director have experience, and the fields in which Outside
Directors (including candidates) are particularly expected to contribute, are shown below. The Board of
Directors as a whole has secured necessary skills for the Company to practice management theory andrealize the Medium-Term Management plan.
Fields in which the internal candidates for Director have experience(as a corporate officer or general manager)
(3)
(4)
(5)
(10)
(11)

(2)
Management
RiskHR
strategy andmanagement management
sustainability
Directors not serving as Audit & Supervisory Committee Members
Fujio Namiki●●[Renomination]
Michiro Ueguri●●[Renomination]
Kazuyoshi Hirokawa●●●[Renomination]
Makoto Takahashi●[Renomination]
Ken Shibata●●[Renomination]
Takayoshi Tanaka●[Renomination]
Toshiyuki Maki
[Renomination]
Masami Watanabe[Renomination]
Directors serving as Audit & Supervisory Committee Members
Yutaka Kimura●[Renomination]
Toshizo Oda[Renomination][Outside]Kazuaki Matsumoto[Renomination][Outside]
Kunio Mori
[Outside]
Tadashi Shirai[New Nomination][Outside]
Hiroyuki Kikuchi[New Nomination][Outside]
Name

23

Sales

Corporate
audit

●

●

Marketoperations●(12)
Systemadministration

●
●

●

●

●
●

●
●

●

Fields in which the Company’s Outside Directors (including candidates)
are particularly expected to contribute
Name
(1)
(6)
(7)
(8)
(9)
(13)
Corporate
Management
Finance andRegional
Legal affairs
IT systems
management
theoryaccounting
administration
Directors serving as Audit & Supervisory Committee Members
Yutaka Kimura[Renomination]
Toshizo Oda[Renomination]●[Outside]Kazuaki Matsumoto[Renomination]●[Outside]
Kunio Mori●
[Outside]
Tadashi Shirai[New Nomination]●●[Outside]
Hiroyuki Kikuchi[New Nomination]●[Outside]

Notes:
1. [Outside] indicates an Outside Director who fulfills the independence criteria established by the
Tokyo Stock Exchange Inc.
2. The table above does not represent all of the expertise possessed by the Company’s Outside Directors.
3. Mr. Kunio Mori is an incumbent Director serving as Audit & Supervisory Committee Members.

24