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. The Company assumes no responsibility for this translation or for direct, indirect or any otherforms of damages arising from the translation.
(Stock Exchange Code 6013)
June 3, 2021
To Shareholders with Voting Rights:
Hiroaki Nanjo
President and CEO
TAKUMA CO., LTD.
2-2-33, Kinrakuji-cho, Amagasaki, Hyogo,
Japan

NOTICE OF CONVOCATION OF
THE 117TH ANNUAL GENERAL MEETING OF SHAREHOLDERS
Dear Shareholders:
We would like to express our appreciation for your continued support and patronage.
Please be informed that the 117th Annual General Meeting of Shareholders of TAKUMA CO., LTD.
(the “Company”) will be held for the purposes as described below.
In order to prevent the spread of coronavirus disease (COVID-19), we would like to ask all ourshareholders to refrain from attending this General Meeting of Shareholders, and exercise your voting rights
in advance in the following methods as much as possible.
[Exercise of Voting Rights by Mail]
Please indicate your vote for or against the proposals on the enclosed Voting Rights Exercise Form andreturn it so that it is received by 5:00 p.m. on Thursday, June 24, 2021 Japan time.
[Exercise of Voting Rights via the Internet, etc.]
Please see the “Guide to Exercising Voting Rights via the Internet, etc.” on page 3, and input your vote foror against the proposals on the designated website by 5:00 p.m. Thursday, June 24, 2021 Japan time. The
website is available only in Japanese.
1. Date and Time:

Friday, June 25, 2021 at 10:00 a.m. Japan time
(Reception beings at 9:40 a.m. Japan time)

2. Place:

Main Meeting Room, 1st Floor, Takuma Bldg. (Main Building)
2-2-33, Kinrakuji-cho, Amagasaki, Hyogo, Japan

3. Agenda of the Meeting:
Matters to be reported: 1. The Business Report, Consolidated Financial Statements and Nonconsolidated Financial Statements for the Company’s 117th Fiscal Year (April
1, 2020 - March 31, 2021)
2. The results of audits by the Accounting Auditor and the Audit & Supervisory
Committee of the Consolidated Financial Statements for the Company’s 117th
Fiscal Year
Matters for resolution:
Appropriation of Surplus
Proposal 1:
Election of Six (6) Directors (excluding Audit & Supervisory Committee
Proposal 2:
Members)
Election of Two (2) Directors who are Audit & Supervisory Committee
Proposal 3:
Members-1-

◎ When attending the meeting, please submit the enclosed Voting Rights Exercise Form at the reception desk.
◎ On the day of the meeting, representatives of the Company will be dressed in light attire (“Cool Biz”).
◎ On the day of the meeting, in order to prevent the spread of COVID-19, our officers and operation staff will
be wearing masks. We appreciate your understanding to this response. For our shareholders, we would liketo seek your cooperation to prevent the spread of the disease by wearing your mask, etc.
In addition, before entering the venue, we will place hand sanitizer for disinfection and take temperatures.
We request your cooperation to this matter.
Please kindly note, that for shareholders who may not cooperate in wearing mask at the venue anddisinfecting your hand, and those who seem to be in poor physical condition may be requested not to enterthe venue from the perspective of preventing the spread of COVID-19.
◎ Should the Reference Documents for the General Meeting of Shareholders, the Business Report and theConsolidated Financial Statements and Non-consolidated Financial Statements require revisions, the revised
versions will be posted on the Company’s website (https://www.takuma.co.jp/).

-2-

Guide to Exercising Voting Rights via the Internet, etc.
1. Exercising voting rights via the Internet, etc.
(1) By using “Smart Voting”(i) Please scan the QR code*1 printed along the right side of the attached Voting Rights Exercise Formby smartphones, etc.*2, access to the “Smart Voting” website as designated by the Company and follow
the on-screen instructions to enter your vote for or against the proposals (no need to enter voting rights
exercise code (ID) and password).
(ii) Exercising your voting rights using “Smart Voting” is limited to one time.
If you wish to revise your vote after exercising your voting rights by “Smart Voting, please follow the
instruction (2) described below.
(2) By entering voting rights exercise code (ID) and password
Please access “Voting Rights Exercise Website” (URL below) designated by the Company, login with thevoting rights exercise code and password printed along the right side of the attached Voting Rights
Exercise Form, and follow the on-screen instructions. To ensure security, you are required to change thepassword upon the initial login.
https://soukai.mizuho-tb.co.jp/(3) The exercise deadline is 5:00 p.m. on Thursday, June 24, 2021, Japan time. We suggest that you exercise
your voting rights ahead of time.
(4) In the event that voting rights are exercised both by mail and via the Internet, etc., the vote cast via theInternet, etc. shall be deemed valid. If votes are cast multiple times via the Internet, etc., the most recent
vote cast shall be deemed valid.
(5) The password (including those changed by the shareholder) is valid only for this meeting. A new password
will be issued at the time of the next general meeting of shareholders.
(6) Expenses associated with connecting to the Internet, etc. shall be borne by the shareholder.
(Attention) The password is a method to confirm the identity of the person voting. The Company will never ask foryour password.
 If the password is mistaken a certain number of times, it will become locked and unusable. In the event ofa lock, please follow the on-screen instructions.
 Although the Voting Rights Exercise Website has been tested to function with general Internet connection
devices, it may not be available depending on the device used.
(Reference)
If an application has been made in advance, shareholders may use the “Electronic Voting System Platform”
for institutional investors managed by ICJ, Inc.
2. Inquiries
For any inquiries, please contact the Stock Transfer Agency Department, Mizuho Trust & Banking Co., Ltd.
(below), the shareholder registry administrator.
(1) For inquiries regarding how to use “Smart Vote” and “Voting Rights Exercise Website”
Toll-free (within Japan): 0120-768-524 (Weekdays, 9:00 to 21:00)(2) For all other inquiries regarding the administration of shares
Toll-free (within Japan): 0120-288-324 (Weekdays, 9:00 to 17:00)*1. “QR code” is a registered trademark of DENSO WAVE INCORPORATED.
*2. Requires application (or feature) to be implemented in order to scan QR code.

-3-Reference Documents for the General Meeting of Shareholders
Proposals and references
Proposal 1:

Appropriation of Surplus

In comprehensive consideration of business results, etc., the Company proposes to pay year-end dividends
for the fiscal year under review as follows.
Items related to the year-end dividend(1) Type of dividend property
Cash(2) Items related to the allocation of dividend property to shareholders and its total amount18 yen per common share
Total amount of 1,461,951,972 yen(3) Effective date of distribution of surplus
June 28, 2021
Additionally, if this Proposal is approved as originally proposed, annual dividends, including interim dividends,
will be 36 yen per share.

-4-

Proposal 2:

Election of Six (6) Directors (excluding Audit & Supervisory Committee Members)

The terms of office of all six (6) Directors (excluding Audit & Supervisory Committee Members) will expire
at the conclusion of this Annual General Meeting of Shareholders. Accordingly, the election of six (6) Directors(excluding Audit & Supervisory Committee Members) is proposed.
Additionally, upon considering this Proposal, the Audit & Supervisory Committee has reported that theprocedures and content related to its determination are appropriate.
The candidates for Director (excluding Audit & Supervisory Committee Members) are as follows.
No.

Posts, responsibility in the Company
and significant concurrent positions

Name

Attendance at Boardof Directors
meetings(Fiscal 2020)

1

Hiroaki Nanjo

Re-election

President and Representative Director & Chief Executive
Officer

17 out of 17
meetings(100%)

2

Tsuyohito Nishiyama Re-election

Director & Senior Managing Executive Officer
Executive Manager of Corporate Marketing Group and
Executive Manager of Business Administration Division

17 out of 17
meetings(100%)

3

Hideki Takeguchi

Re-election

Director & Senior Managing Executive Officer
Executive Manager of Engineering Group and
Executive Manager of Management Center17 out of 17
meetings(100%)

4

Koji Tanaka

Re-election

Director & Managing Executive Officer
Executive Manager of International Division and Executive
Manager of Compliance & CSR Promotion Division

17 out of 17
meetings(100%)

5

Kunio Hamada

Newly nominatedExecutive Officer
Executive Manager of Corporate Planning & Administration
Division-

6

Hiroshi Oishi

Newly nominatedExecutive Officer
Executive Manager of Corporate Services Division

-

-5-

No.

Name
(Date of birth)

Career summary, posts, responsibility in the Company
and significant concurrent positions
April 1982
April 2009

April 2014

Joined the Company
General Manager of Environmental Engineering Department 1,
Project Center, Engineering Group
General Manager of Energy Engineering Department 1, ProjectCenter, Engineering Group
Executive Officer of the Company
Deputy Executive Manager of Project Center, Engineering Groupand General Manager of Energy Engineering Department 1
Executive Manager of Project Center, Engineering Group

June 2015

Director & Executive Officer of the Company

September 2010
April 2013

1

Hiroaki Nanjo(Nov. 21, 1959)
Re-election

April 2016

Number ofCompany’s
shares owned

30,989 shares

Director & Managing Executive Officer of the Company
Executive Manager of Engineering Group and Executive
Manager of Management Center
April 2018
Director & Senior Managing Executive Officer
April 2019
President and Representative Director & Chief Executive Officer(up to the present)[Reasons for nomination as a candidate for Director]
Mr. Hiroaki Nanjo has mainly been engaged in the Planning Technology Division, and currently supervises the overallmanagement as Chief Executive Officer, after serving as a Director & Senior Managing Executive Officer and Executive
Manager of the Engineering Group. He possesses abundant experience and knowledge regarding operations andmanagement of the Company.
The Company proposes his re-appointment as a candidate for Director as it expects he will play an appropriate role indetermining important management matters and management supervision for the sustainable improvement of the corporate
value of the Group utilizing this experience and knowledge.

-6-

No.

Career summary, post, responsibility in the Company
and significant concurrent positions

Name(Date of birth)
April 1985
April 2012

2

Number ofCompany’s
shares owned

Joined the Company
General Manager of Project Administration Department 1,
Business Administration Division, Corporate Marketing Group
April 2014
General Manager of Corporate Planning Department, Corporate
Planning & Administration Division
April 2015
Executive Officer of the Company
Deputy Executive Manager of Corporate Planning &Administration Division and General Manager of Corporate
Planning Department
16,492 shares
April 2016
Executive Manager of Corporate Planning & Administration
Tsuyohito Nishiyama
Division(Apr. 23, 1961)
June 2016
Director & Executive Officer of the Company
Re-election
April 2018
Director & Managing Executive Officer
April 2019
Director & Senior Managing Executive Officer (up to thepresent)
Executive Manager of Corporate Marketing Group and
Executive Manager of Business Administration Division (up to
the present)[Reasons for nomination as a candidate for Director]
Mr. Tsuyohito Nishiyama has mainly been engaged in the Business Administration Division, the Marketing Division and
the Corporate Planning & Administration Division, and currently serves as a Senior & Managing Executive Officer andExecutive Manager of Corporate Marketing Group that supervises overall marketing. He possesses abundant experienceand knowledge regarding operations and management of the Company.
The Company proposes his re-appointment as a candidate for Director as it expects that he will play an appropriate role indetermining important management matters and management supervision for the sustainable improvement of the corporate
value of the Group utilizing this experience and knowledge.

-7-

No.

Career summary, post, responsibility in the Company
and significant concurrent positions

Name(Date of birth)
April 1985
April 2012

3

Number ofCompany’s
shares owned

Joined the Company
Deputy General Manager of Environmental Engineering
Department 1, Project Center, Engineering Group
April 2014
General Manager of Environmental Engineering Department 1,
Project Center, Engineering Group
April 2015
Executive Officer of the Company
Deputy Executive Manager of Project Center, EngineeringGroup and General Manager of Environmental Engineering
16,579 shares
Department 1
April 2016
Executive Manager of Project Center, Engineering Group
Hideki Takeguchi
June 2016
Director & Executive Officer of the Company(Mar. 4, 1962)
April 2018
Director & Managing Executive Officer
Re-election
April 2019
Director & Senior Managing Executive Officer (up to thepresent)
Executive Manager of Engineering Group and Executive
Manager of Management Center (up to the present)[Reasons for nomination as a candidate for Director]
Mr. Hideki Takeguchi has mainly been engaged in the Planning Technology Division, and currently serves as a Director &Senior Managing Executive Officer and Executive Manager of Engineering Group that supervises the overall technology.
He possesses abundant experience and knowledge regarding operations and management of the Company. The Company
proposes his re-appointment as a candidate for Director as it expects that he will play an appropriate role in determining
important management matters and management supervision for the sustainable improvement of the corporate value of theGroup utilizing this experience and knowledge.

-8-

No.

Career summary, post, responsibility in the Company
and significant concurrent positions

Name(Date of birth)
April 1986
April 2009

4

Number ofCompany’s
shares owned

Joined the Company
Deputy General Manager of European Operations Department,
Corporate Planning & Administration Division
August 2011
General Manager of Corporate Planning Department, Corporate
Planning & Administration Division
April 2014
General Manager of Human Resources Department, Corporate
Services Division
10,718 shares
April 2017
Executive Officer of the Company
Executive Manager of Compliance & CSR Promotion Division,
Executive Manager of Corporate Services Division and General
Koji Tanaka
Manager of Legal Affairs Department(Jun. 15, 1962)
June 2017
Director & Executive Officer
Re-election
April 2018
Executive Manager of Compliance & CSR Promotion Division
and Executive Manager of Corporate Services Division
April 2021
Director & Managing Executive Officer (up to the present)
Executive Manager of International Division and Executive
Manager of Compliance & CSR Promotion Division. (up to thepresent)[Reasons for nomination as a candidate for Director]
Mr. Koji Tanaka has mainly been engaged in the Information Systems Division, neutral divisions such as human resources,
Corporate Planning & Administration Division and overseas business management division, and currently serves as aManaging Executive Officer and Executive Manager of International Division responsible for overseas business andCompliance & CSR Promotion Division responsible for compliance and CSR. He possesses abundant experience and awide range of knowledge regarding operations and management of the Company. The Company proposes his reappointment as a candidate for Director as it expects that he will play an appropriate role in determining importantmanagement matters and management supervision for the sustainable improvement of the corporate value of the Grouputilizing this experience and knowledge.

-9-

No.

Career summary, post, responsibility in the Company
and significant concurrent positions

Name(Date of birth)
July 1990
April 2012

June 2013
April 2018

5

Joined the Company
Deputy General Manager of Cost Control & Project
Administration Department, Management Center, EngineeringGroup
General Manager of Cost Control & Project Administration
Department, Management Center, Engineering Group
Executive Officer (up to the present)
Deputy Executive Manager of Corporate Planning &Administration Division and General Manager of Corporate
Planning Department
Executive Manager of Corporate Planning & Administration
Division (up to the present)

Number ofCompany’s
shares owned

6,351 shares

Kunio Hamada
April 2021
(Feb. 9, 1965)
Newly nominated[Reasons for nomination as a candidate for Director]
Mr. Kunio Hamada has mainly been engaged in the engineering division and cost management division, and currently
serves as Executive Officer and Executive Manager of Corporate Planning & Administration Division responsible forfinance and formulation and implementation of corporate plans. He possesses abundant experience and a wide range ofknowledge regarding operations and management of the Company.
The Company proposes his appointment as a new candidate for Director as it expects that he will play an appropriate rolein determining important management matters and management supervision for the sustainable improvement of thecorporate value of the Group utilizing this experience and knowledge.

- 10 -

No.

Name(Date of birth)

Career summary, post, responsibility in the Company
and significant concurrent positions

Number ofCompany’s
shares owned

April 1988

6

Joined The Dai-Ichi Kangyo Bank, Ltd. (currently Mizuho
Bank, Ltd.)
January 2008
Deputy General Manager of Human Resources Department,
Mizuho Securities Co., Ltd.
January 2013
Deputy General Manager of Corporate Planning Department
April 2013
General Manager of Securities & Trust Promotion Department,
Mizuho Bank, Ltd.
April 2016
General Manager of Customer Service Department and General 1,781 shares
Manager of Management Department, Mizuho Financial Group,
Inc.
Hiroshi Oishi
August 2019
Executive Officer of the Company (up to the present)(Feb. 28, 1965)
Deputy Executive Manager of Energy Plant Division, Corporate
Newly nominatedMarketing Group
April 2021
Executive Manager, Corporate Services Division (up to thepresent)[Reasons for nomination as a candidate for Director]
Since joining The Dai-Ichi Kangyo Bank, Ltd. (currently Mizuho Bank, Ltd.), Mr. Hiroshi Oishi engaged in various operations
at the bank and its group companies including deposits, money transfers, loans, currency exchange, business planning, humanresources and customer service. At the Company, he has engaged in product and service sales in the marketing division, andcurrently serves as Executive Officer and Executive Manager of Corporate Services Division responsible for general affairs
and human resources. He possesses abundant experience and a wide range of knowledge regarding operations and managementof the Company.
The Company proposes his appointment as a new candidate for Director as it expects that he will play an appropriate role indetermining important management matters and management supervision for the sustainable improvement of the corporate
value of the Group utilizing this experience and knowledge.
(Notes)1. There are no special interests between the candidates and the Company.
2. The number of Company shares owned by candidates for Director includes holdings as part of the Takuma Executive
Shareholder Association.
3. Pursuant to Article 430-3, paragraph (1) of the Companies Act, the Company has entered into a directors and officers
liability insurance contract with an insurance company covering damages to be borne by the insured persons arisingfrom shareholder derivative lawsuits, corporate litigations, and third party litigations. The candidates will be included
as the insured under this insurance contract. The Company intends to renew the contract with the same details at the next
renewal.

- 11 -

Proposal 3:

Election of Two (2) Directors who are Audit & Supervisory Committee Members

The terms of office of Ms. Tomomi Fujita who is an Audit & Supervisory Committee Member will expire at
the conclusion of this Annual General Meeting of Shareholders. In addition, Mr. Yasushi Enomoto will resign
his post as Audit & Supervisory Committee Member. Accordingly, the election of two (2) Directors who are
Audit & Supervisory Committee Members is proposed.
This proposal has gained approval from the Audit & Supervisory Committee.
The candidates for Directors who are Audit & Supervisory Committee Members are as follows.

No.

1

2

Posts, responsibility in the Company
and significant concurrent positions

Name

Keizo Masugi

Tomomi Fujita

Newly nominatedRe-election
OutsideIndependent

Assistant General Manager of Audit &Supervisory Committee’s OfficeDirector (Audit & Supervisory Committee
Member)Partner of Innoventier
Outside Auditor of TAIYO YUDEN CO., LTD.
Vice President of Licensing Executives Society
JAPAN
Assistant Lecturer of Kyoto University Law
School- 12 -

Attendance atBoard of Directors
meetings(Fiscal 2020)

Attendance at
Audit &
Supervisory
Committee
meetings(Fiscal 2020)--17 out of 17
meetings(100%)

12 out of 12
meetings(100%)

No.

Career summary, post, responsibility in the Company
and significant concurrent positions

Name(Date of birth)January 2001
April 2014
April 2016
April 2018

April 2021
1

Number ofCompany’s
shares owned

Joined the Company
General Manager of Accounting Department, Corporate
Planning & Administration Division
General Manager of Corporate Planning Department, Corporate
Planning & Administration Division
General Manager of General Affairs Department and General
10,403 shares
Manager of Legal Affairs Department, Corporate Services
Division
Assistant General Manager of Audit & Supervisory Committee’s
Office (up to the present)

Keizo Masugi(June 29, 1964)
Newly nominated[Reasons for nomination as a candidate for Director]
Mr. Keizo Masugi has mainly been engaged in the accounting department and Corporate Planning & Administration
Division, and served as General Manager of General Affairs Department and Legal Affairs Department handlingshareholder response and other general affairs duties and as well as preventive legal work and other legal affairs. He
currently serves as an assistant to the Audit & Supervisory Committee Members. He possesses abundant experience and awide range of knowledge regarding operations and management of the Company.
The Company proposes his appointment as a new candidate for Director who is an Audit & Supervisory Committee
Member with the expectation that he would conduct appropriate audits and supervision for the sustainable improvement of
the corporate value of the Group utilizing this experience, knowledge, and expertise in finance and accounting.

- 13 -

No.

Career summary, post, responsibility in the Company
and significant concurrent positions

Name(Date of birth)
October 2004
January 2012
March 2016
April 2016
February 2017
April 2018
Tomomi Fujita

2June 2019

Registered as Attorney at Law (Osaka Bar Association)
Joined Kitahama Partners
Partner of Kitahama Partners
Left Kitahama Partners
Founded InnoventierPartner of Innoventier (up to the present)
Director, Licensing Executive Society Japan
Assistant Lecturer, Kyoto University Law School (up to thepresent)
Director (Audit & Supervisory Committee Member) of theCompany (up to the present)
Outside Auditor of TAIYO YUDEN CO., LTD. (up to thepresent)
Vice President of Licensing Executives Society JAPAN (up to
the present)

Number ofCompany’s
shares owned

0 shares

June 2019(Name on the family
registry:
February 2020
Tomomi Okada)(Nov. 4, 1980)
Re-election
OutsideIndependent[Reasons for nomination as a candidate for Outside Director and expected roles]
Ms. Tomomi Fujita is involved in management of law firm Innoventier as Partner while serving as Vice President of theLicensing Executive Society Japan and Assistant Lecturer of Kyoto University Law School. She possesses abundant
experience and expertise regarding corporate law covering intellectual property, business revitalization, M&As, and theCompanies Act. In addition to serving as Outside Director who is an Audit & Supervisory Committee Member of theCompany, she serves as an Outside Auditor for a listed company. The Company proposes her re-appointment as a
candidate for Outside Director who is an Audit & Advisory Committee Member with the expectation that she would
strengthen the audit and supervisory function of the Company and contribute to the sustainable improvement of thecorporate value of the Group by conducting neutral, objective audits, supervising corporate management through theselection and dismissal of executives and decision on remuneration, and providing advice and recommendations on the
management of the Company as a whole from a broad perspective utilizing her experience and expertise.
Additionally, although she has not been directly involved in corporate management other than as an outside officer in thepast, the Company has judged that she can appropriately execute the duties of Outside Director who is an Audit &Supervisory Committee Member due to the above reasons.
(Notes)1. There are no special interests between the candidate and the Company.
2. The number of Company shares owned by candidates for Director includes holdings as part of the Takuma Employee
Shareholder Association.
3. Ms. Tomomi Fujita is a candidate for Outside Director.
4. The Company has designated Ms. Tomomi Fujita as an Independent Officer as prescribed by Tokyo Stock Exchange,
Inc., and submitted notification to the Exchange. If her election is approved, the Company intends to continue todesignate her as an Independent Officer.
5. The term of office of Ms. Tomomi Fujita as Outside Director who is an Audit & Supervisory Committee Member shallbe two (2) years at the conclusion of this meeting.
6. The Company has entered into an agreement with Ms. Tomomi Fujita to limit her liability pursuant to Article 423,
paragraph (1) of the Companies Act, in accordance with the Company’s Articles of Incorporation. The liability limit fordamages based on this agreement shall be the minimum amount as stipulated in Article 425, paragraph (1) of theCompanies Act. If the election of the candidate is approved, the Company intends to continue the said agreement.
7. If the election of Mr. Keizo Masugi is approved, the Company intends to enter into an agreement with him to limit his
liability pursuant to Article 423, paragraph (1) of the Companies Act, in accordance with the Company’s Articles ofIncorporation. The liability limit for damages based on this agreement shall be the minimum amount as stipulated in
Article 425, paragraph (1) of the Companies Act.
8. Pursuant to Article 430-3, paragraph (1) of the Companies Act, the Company has entered into a directors and officers
liability insurance contract with an insurance company covering damages to be borne by the insured persons arisingfrom shareholder derivative lawsuits, corporate litigations, and third party litigations. The candidates will be included
as the insured under this insurance contract. The Company intends to renew the contract with the same details at the next
renewal.

- 14 -

9.

If the proposal is approved as originally proposed, the Audit & Supervisory Committee Members are as follows.

No.

Name

1

Keizo Masugi

2

Osamu Iwahashi
Outside Independent

3

Tomomi Fujita
Outside Independent

4

Yoshiaki Ito
Outside Independent

5

Tetsuya Kaneko
Outside Independent

Posts, responsibility in the Company and significant concurrent positions
Assistant General Manager of Audit & Supervisory Committee’s OfficeDirector (Audit & Supervisory Committee Member)
Executive Director of Public Interest Incorporated Foundation Japan Police
Scholarship Association
Director (Audit & Supervisory Committee Member)Partner of Innoventier
Outside Auditor of TAIYO YUDEN CO., LTD.
Vice President of Licensing Executives Society JAPANAssistant Lecturer of Kyoto University Law School
Director (Audit & Supervisory Committee Member)
Representative of Ito Certified Public Accountant OfficeOutside Director of NAIGAI TRANS LINE LTD.
Director (Audit & Supervisory Committee Member)President of Yushu Corporation Co., Ltd.

- 15 -