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

(Stock Exchange Code 4633)
March 11, 2022
To Shareholders with Voting Rights:
Yoshiaki Ueno
Representative Director,
President & CEO

SAKATA INX CORPORATION
1-23-37 Edobori, Nishi-ku, Osaka

NOTICE OF THE 144TH
ANNUAL GENERAL MEETING OF SHAREHOLDERS
Dear Shareholders:
We would like to express our appreciation for your continued support and patronage.
We are pleased to announce the 144th Annual General Meeting of Shareholders of SAKATA INXCORPORATION (the “Company”). The meeting will be held for the purposes as described below.
If you will not be attending the meeting in person, you can exercise your voting rights in writing or via
the Internet, etc. Please review the attached Reference Documents for the General Meeting of
Shareholders, and exercise your voting rights by 5:30 p.m. on Monday, March 28, 2022, Japan time.
(The Voting Rights Exercise Form and the Reference Documents are available in Japanese only.)
1. Date and Time:

Tuesday, March 29, 2022 at 10:00 a.m. Japan time
(Registration will begin at 9:00 a.m.)

2. Place:

SAKATA INX CORPORATION Osaka Head Office
1-23-37 Edobori, Nishi-ku, Osaka

3. Meeting Agenda:
Matters to be reported:
1. The Business Report, Consolidated Financial Statements for the Company’s
144th Fiscal Year (January 1, 2021 - December 31, 2021) and results of audits
by the Accounting Auditor and the Audit & Supervisory Board of theConsolidated Financial Statements
2. Non-consolidated Financial Statements for the Company’s 144th Fiscal Year
(January 1, 2021 - December 31, 2021)
Proposals to be resolved:
Proposal 1:
Distribution of Surplus
Proposal 2:
Amendment to the Articles of Incorporation
Proposal 3:
Election of 8 Directors
Proposal 4:
Election of 2 Audit & Supervisory Board Members
Proposal 5:
Election of 1 Substitute Audit & Supervisory Board Member

-1-








When attending the meeting, please submit the enclosed Voting Rights Exercise Form at the reception desk.
Of the documents to be included in the Notice, “Notes to the Consolidated Financial Statements” and “Notes to the Nonconsolidated Financial Statements” are posted on the Company’s website (http://www.inx.co.jp/ir/about) (Japanese only)
pursuant to provisions of laws, regulations and Article 16 of the Articles of Incorporation of the Company and therefore
are not included in the documents attached to the Notice. Accordingly, the Consolidated Financial Statements and theNon-consolidated Financial Statements set forth in the documents attached to the Notice are parts of the Consolidated
Financial Statements and the Non-consolidated Financial Statements audited by the Accounting Auditor and the Audit &Supervisory Board Members in preparing the accounting audit report and the audit report, respectively.
Revisions to the Reference Documents for the General Meeting of Shareholders, Business Report, Non-consolidated
Financial Statements or Consolidated Financial Statements will be posted on the Company’s website(http://www.inx.co.jp/). (Japanese only)
Please note that souvenirs will not be provided to the attendees at the meeting.

-2-

Reference Documents for the General Meeting of Shareholders
Proposals and References
Proposal 1:
Distribution of Surplus
The Company proposes the distribution of surplus as follows:
1.

Year-end dividend
The Company’s basic policy is to distribute dividends in a stable and continuous manner upon
comprehensively taking into account matters including internal reserves for strengthening thecorporate structure and future business development.
Based on this policy, the Company proposes year-end dividend for this fiscal year as follows:(1) Type of dividend property:
Cash(2) Allotment of dividend property and its total amount
15 yen per share of the Company’s common stock (total dividend of 876,551,295 yen).
As a result, combined with the interim dividend of 15 yen per share paid on September 3, 2021,
the annual dividend will be 30 yen per share.
(3) Effective date of the distribution of dividends of surplus:
March 30, 2022

2.

Other matters regarding the distribution of surplus
The Company proposes to retain internal reserves as follows to strengthen the managementfoundation in preparation for future business development:(1) Item and amount of surplus to be increased:
General reserve:
1,500,000,000 yen(2) Item and amount of surplus to be decreased:
Retained earnings brought forward: 1,500,000,000 yen-3-Proposal 2:
1.

Amendment to the Articles of Incorporation

Reasons for the amendment
Since the system for providing informational materials for the general meeting of shareholders inelectronic format has been established as 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),
and the provisions of the amended Companies Act that stipulates the system are to be enforced on
September 1, 2022, the Company proposes to make the following changes to its Articles ofIncorporation in preparation for the introduction of the system:(1) Article 16, paragraph 1 in “Proposed amendments” below will newly stipulate that theCompany shall take measures for providing information that constitutes the content of reference
documents for the general meeting of shareholders, etc. in electronic format.
(2) Article 16, paragraph 2 in “Proposed amendments” below will establish provisions to limit thescope of items listed in the documentation delivered to shareholders requesting document
delivery based on the Act Partially Amending the Companies Act related to informational
materials for the general meeting of shareholders.
(3) Since the provisions for deemed provision by Internet disclosure of reference documents forthe general meeting of shareholders, etc. (Article 16 of the current Articles of Incorporation)
will no longer be required, they will be deleted.
(4) Accompanying the aforementioned new establishment and deletion, supplementary provisions
regarding the effective date, etc. will be established.

2.

Details of the amendments
The details of the amendments are as follows.
(Underlined portions indicate amendments.)
Current Articles of Incorporation

Proposed amendments

Chapter I
General Provisions
Chapter II
Shares
Chapter III
General Meeting of Shareholders(Unchanged)

Articles 12–15(Omitted)(Unchanged)
Chapter III
General Meeting of Shareholders
Articles 12–15(Internet Disclosure of Reference Documents
for the General Meeting of Shareholders, Etc.)
If the Company discloses information that is to be statedor presented in the reference documents for the general
meeting of shareholders, non-consolidated financial
statements, consolidated financial statements andbusiness report through the Internet in accordance withthe provisions prescribed by the Ministry of Justice
Order, it may be deemed that the Company has provided
this information to shareholders.
(Newly established)
Article 16.

(Unchanged)

Article 16.

(Deleted)

Article 17.

(Measures for Providing Information inElectronic Format, Etc.)
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 the items for which the measures for providing
information in electronic format will be taken, theCompany is not required to list all or some of those
items designated by the Ministry of Justice Order instatements in the paper-based documents to be delivered
to shareholders who requested the delivery of paperbased documents by the record date of voting rights.
Article 17.
(Unchanged)(Omitted)-4-Current Articles of Incorporation

Proposed amendments

Chapter IV
Directors and Board of Directors
Chapter V
Audit & Supervisory Board Members and Audit &Supervisory Board
Chapter VI
Accounts
Chapter VII
Takeover Defense Measures(Unchanged)(Newly established)(Supplementary Provisions)
Article 1.
1. The deletion of Article 16 (Internet Disclosure ofReference Documents for the General Meeting of
Shareholders, Etc.) of the current Articles ofIncorporation and the establishment of the proposed
revisions of Article 16 (Measures for Providing
Information in Electronic Format, Etc.) shall beeffective from the date of enforcement 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 16 of the current 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.

(Unchanged)(Unchanged)(Unchanged)-5-Proposal 3:

Election of 8 Directors

At the conclusion of this meeting, the terms of office of all 9 Directors will expire. Therefore, theCompany proposes the reduction of 1 Director to streamline our management system and the electionof 8 Directors while considering diversity.
The details of the candidates for Director are as follows:

No.

Name

Gender

1

Kotaro Morita

Reelection

Male

2

Yoshiaki Ueno

Reelection

Male

3

Masaki Nakamura

Reelection

Male

4

Hitoshi Nakamura

Reelection

Male

5

Toshihiko Fukunaga

Reelection

Male

6

Yasumi Katsuki

7

Shizue Izumi

8

Yukiko Tsujimoto

Reelection
OutsideIndependent
Reelection
OutsideIndependentNewelection
OutsideIndependent

Positions, responsibilities, etc. in the Company

Director, Chairman
Representative Director, President & CEO
Supervising Corporate R&D
Director, Senior Managing Executive Officer
In charge of Environment & Quality Div. and
Production Technology Div.
Director, Senior Managing Executive Officer
In charge of Information Media BusinessIn charge of Sales Administration Div.
Supervising SAKATA SANGYO, LIMITED and
SAKATA LABOSTATION CO., LTD.
Director, Managing Executive Officer
In charge of Corporate Planning Div., Information
Systems Div. and Finance & Accounting Div.

Attendanceat Board of
Directors
meetings
for thefiscal year
under
review100%(17/17)100%(17/17)100%(17/17)100%(17/17)100%(17/17)

Outside Director

100%(17/17)

Female Outside Director

88.2%(15/17)

Male—

Female

-6-

—

No.

Name
(Date of birth)

Career summary, positions, responsibilities and significant
concurrent positions
April 1979

Joined the Company

April 2004

General Manager, 1st R&D Dept., Corporate
R&D Div.

June 2007

Director, based in Chicago

June 2009
Kotaro Morita(October 17, 1955)

Director, In charge of International
Operations Dept.

June 2011

Managing Director, In charge ofInternational Operations Dept.

(Male)

June 2013

Representative Director, President

March 2018

President & CEO

March 2021

Director, Chairman (current position)

1

Number of theCompany’s
shares held:

65,750(Significant concurrent positions)
Chairman and President, THE INX GROUP LIMITED
Chairman, INX International Ink Co.
Reason for appointment as candidate for Director
Having served as Representative Director, President and as Representative Director, President & CEO, Mr.
Kotaro Morita has led the Group with strong leadership as a management executive, and in his current role as
Director and Chairman, he has played an appropriate role in promoting the Group’s sustainable growth andimprovement of corporate value over the medium to long term. The Company believes that he is qualified tocontinue making important management decisions and supervising the execution of business for the Company
based on his abundant experience and extensive knowledge and insight.
April 1985

Joined the Company

June 2007

General Manager, 2nd R&D Dept.,
Corporate R&D Div.

October 2008 General Manager, 3rd R&D Dept., Corporate
R&D Div.

Yoshiaki Ueno
(December 22, 1961)(Male)
2

June 2014

Director, Commissioned as General
Manager, Corporate R&D Div.

June 2015

In charge of Purchasing Div.

July 2016

In charge of Purchasing Div. and Marketing& New Business Development Div.

March 2018

Executive Officer, In charge of Purchasing
Div. and Marketing & New Business
Development Div.

July 2018

In charge of Purchasing Div.

March 2019

Managing Executive Officer

March 2021

Representative Director (current position),
President & CEO (current position)

26,168January 2022 Supervising Corporate R&D (current
position)
Reason for appointment as candidate for Director
Mr. Yoshiaki Ueno has held many important positions in the research and development division. In his current
position as Representative Director, President & CEO, he has led the Group with strong leadership as amanagement executive, and has played an appropriate role in promoting the Group’s sustainable growth andimprovement of corporate value over the medium to long term. The Company believes that he is qualified tocontinue making important management decisions and supervising the execution of business for the Company
based on his abundant experience and extensive knowledge and insight.

-7-

No.

Name
(Date of birth)

Career summary, positions, responsibilities and significant
concurrent positions
April 1980

Joined the Company

April 2003

General Manager, Technical Service &Development Dept., Newspaper Ink Div.

September
2004

General Manager, Technical Service &Development Dept., Graphic Arts Div.

June 2006

General Manager, Production Technology
Div., concurrently, General Manager,
Technical Service & Development Dept.,
Offset Ink Div.

Number of theCompany’s
shares held:

October 2008 Concurrently, General Manager, Technical
Service & Development Dept., Newspaper
Ink Div.

Masaki Nakamura(October 24, 1956)(Male)
3

April 2011

General Manager, Production Technology
Div., concurrently, Plant Manager, Osaka
Plant

June 2011

Associate Director

June 2012

Director, Commissioned as General
Manager, Production Technology Div.

38,097

October 2012 Commissioned as General Manager,
Environment & Quality Div.
April 2015

Director, In charge of Environment &Quality Div.

March 2016

Managing Director, In charge ofEnvironment & Quality Div.

March 2018

Director (current position), Managing
Executive Officer, In charge of Environment& Quality Div.

March 2020

Senior Managing Executive Officer (current
position)

March 2021

In charge of Environment & Quality Div. and
Production Technology Div. (current
position)

Reason for appointment as candidate for Director
Mr. Masaki Nakamura has held many important positions in the production technology division and thetechnical service & development division. As an incumbent Director, Senior Managing Executive Officer, he
has played an appropriate role in promoting the Group’s sustainable growth and improvement of corporate
value over the medium to long term. The Company believes that he is qualified to continue making importantmanagement decisions and supervising the execution of business for the Company based on his abundant
experience and extensive knowledge and insight.

-8-

No.

Name
(Date of birth)

Career summary, positions, responsibilities and significant
concurrent positions
April 1981

Joined the Company

July 2003

Branch Manager, Shikoku Branch Office

June 2006

General Manager, Osaka Sales & Marketing
Dept., Newspaper Ink Div.

July 2008

General Manager, Tokyo Sales & Marketing
Dept., Newspaper Ink Div.

June 2009

General Manager, Newspaper Ink Div.

Number of theCompany’s
shares held:

January 2010 Concurrently, General Manager, Offset Ink
Div.

Hitoshi Nakamura(November 1, 1957)(Male)

June 2012

Associate Director

June 2013

Director, In charge of Offset Ink Div.,
Commissioned as General Manager,
Newspaper Ink Div.

June 2014

Director, In charge of Newspaper Ink Div.,
Commissioned as General Manager, Offset
Ink Div.

March 2016

Managing Director, In charge of Newspaper
Ink Div.

September
2016

In charge of Newspaper Ink Div. and Offset
Ink Div.

June 2017

In charge of Printing Solution Div.,
Newspaper Ink Div. and Offset Ink Div.

March 2018

Director (current position), Managing
Executive Officer

March 2019

In charge of Newspaper Ink Div., Offset Ink
Div., Printing Solution Div. and Sales
Administration Div.

4

36,403January 2020 In charge of Information Media Business(current position), In charge of Printing
Solution Div. and Sales Administration Div.
March 2020

Senior Managing Executive Officer (current
position)January 2021 In charge of Sales Administration Div.
(current position)
January 2022 Supervising SAKATA SANGYO, LIMITEDand SAKATA LABOSTATION CO., LTD.
(current position)
Reason for appointment as candidate for Director
Mr. Hitoshi Nakamura has held many important positions in the newspaper ink division and the offset ink
division. As an incumbent Director, Senior Managing Executive Officer, he has played an appropriate role inpromoting the Group’s sustainable growth and improvement of corporate value over the medium to long term.
The Company believes that he is qualified to continue making important management decisions andsupervising the execution of business for the Company based on his abundant experience and extensive
knowledge and insight.

-9-

No.

Name
(Date of birth)

Career summary, positions, responsibilities and significant
concurrent positions
April 1983

Joined the Company

March 2008

General Manager, International Operations
Dept.

June 2014

Associate Director

July 2015

General Manager, Finance & Accounting
Div.

March 2016

Director (current position)

Number of theCompany’s
shares held:

In charge of Information Systems Div. andInternational Operations Dept. andCommissioned as General Manager, Finance& Accounting Div.
March 2017

In charge of Information Systems Div.,
Finance & Accounting Div. and International
Operations Dept.

March 2018

Executive Officer, In charge of Information
Systems Div., Finance & Accounting Div.
and International Operations Dept.

Toshihiko Fukunaga
March 26, 1961
(Male)
5

24,167

October 2018 In charge of Corporate Planning Div.,
Information Systems Div. and Finance &Accounting Div.
March 2019

Senior Executive Officer, In charge ofCorporate Planning Div., Information
Systems Div., Finance & Accounting Div.
and Public & Investor Relations Div.

March 2020

In charge of Corporate Planning Div.,
Information Systems Div. and Finance &Accounting Div. (current position)

March 2021

Managing Executive Officer (current
position)

Reason for appointment as candidate for Director
Mr. Toshihiko Fukunaga has served many important positions in the finance and accounting division and theinternational operations division. As an incumbent Director, Managing Executive Officer, he has played an
appropriate role in promoting the Group’s sustainable growth and improvement of corporate value over the
medium to long term. The Company believes that he is qualified to continue making important management
decisions and supervising the execution of business for the Company based on his abundant experience andextensive knowledge and insight.

- 10 -

No.

Name(Date of birth)

Career summary, positions, responsibilities and significant
concurrent positions

Number of theCompany’s
shares held:

October 1973 Joined Asahi & Co. (currently KPMG AZSA
LLC)

Yasumi Katsuki(November 29, 1947)(Male)
6

September
1977

Registered as a certified public accountant

August 1995

Representative Partner, Asahi Audit Corp.
(currently KPMG AZSA LLC)

May 2001

Senior Executive, Osaka Office Managing
Partner, Asahi Audit Corp.

May 2006

Headquarter Executive, KPMG AZSA LLC

June 2010Retired from KPMG AZSA LLC on reachingretirement age

July 2010

Certified Public Accountant, Katsuki CPA
Office (current position)

June 2011

External Audit & Supervisory Board
Member, West Japan Railway Company(current position)

June 2011

Outside Audit & Supervisory Board Member,the Company

June 2013

External Director, Sumitomo Seika
Chemicals Company, Limited (current
position)

March 2016

Outside Director, the Company (current
position)

0(Significant concurrent positions)Certified Public Accountant, Katsuki CPA Office
External Audit & Supervisory Board Member, West Japan
Railway Company
External Director, Sumitomo Seika Chemicals Company,
LimitedReason for appointment as candidate for Outside Director and expected roles
Although Mr. Yasumi Katsuki has never been involved in corporate management except as outside director andoutside Audit & Supervisory Board member, he is well versed in finance and accounting and has deep insightand extensive experience as a certified public accountant. The Company believes that he will be able toperform his management supervisory function from an independent and fair standpoint based on his pastexperience as the Company’s Outside Audit & Supervisory Board Member and Outside Director.
Mr. Yasumi Katsuki is an incumbent Outside Director of the Company, and he will have served for 6 years at
the conclusion of this meeting since taking office.

- 11 -

No.

Name(Date of birth)

Shizue Izumi(March 18, 1964)

Career summary, positions, responsibilities and significant
concurrent positions
April 2017

Professor, Faculty of Data Science, Shiga
University (current position)

April 2017

Councillor, Educational Research Council,
Shiga University

August 2017

Vice-chairperson, Shiga Prefecture ICT
Promotion Forum

April 2018

Visiting researcher, Graduate School of
Medicine, Kyoto University (current
position)

April 2018

Visiting Professor, The Institute of Statistical
Mathematics

April 2018

Part-time lecturer, Disaster Prevention
Research Institute, Kyoto University

August 2018

Data Analysis Advisor, Otsu City Municipal
Office, Shiga Prefecture (current position)

April 2019

Professor, Graduate School of Data Science,
Shiga University (current position)

August 2019

Lecturer for educational program, Statistical
Research and Training Institute, Ministry ofInternal Affairs and Communications

September
2019

Regional Member of Screening Committee
for “Idea Contest 2019 for Regional
Revitalization Policies Contest” by Office for
Promotion of Regional Revitalization,
Cabinet Office

March 2020

Outside Director, the Company (current
position)(Female)7

Number of theCompany’s
shares held:

0(Significant concurrent positions)
Professor, Faculty of Data Science, Shiga University
Professor, Graduate School of Data Science, Shiga
University
Reason for appointment as candidate for Outside Director and expected roles
Although Ms. Shizue Izumi has never been involved in corporate management except as outside director andoutside Audit & Supervisory Board member, she has accumulated remarkable track record mainly in the area ofdata science through her career as a professor at Faculty of Data Science and Graduate School of Data Scienceof Shiga University. She also has experience and insight as an expert at administrative agencies. The Company
believes that she will be able to provide opinions and suggestions that would benefit the Company’s
management and perform her management supervisory function from an independent and fair standpoint basedon her abundant experience and extensive insight.
Ms. Shizue Izumi is an incumbent Outside Director of the Company, and she will have served for 2 years at theconclusion of this meeting since taking office.

- 12 -

No.

Name(Date of birth)

Career summary, positions, responsibilities and significant
concurrent positions
April 1986

Joined Procter & Gamble Far East Inc.
(currently Procter & Gamble Japan K.K.)

March 2006

Director, Procter & Gamble Japan K.K.

April 2008

Director, P&G Japan K.K.

June 2012

Resigned as Director, Procter & Gamble
Japan K.K.

July 2012*
Yukiko Tsujimoto(February 10, 1964)

Communications Director, Public Relations
Division, Procter & Gamble Japan K.K.

April 2014

Resigned as Director, P&G Japan K.K.

June 2014

Retired from Procter & Gamble Japan K.K.

(Female)November
2014

Representative Director, shapes Co., Ltd.
(current position)

April 2018

Member of Human Affairs Committee, Kobe
City (current position)

June 2020

Outside Director, DUSKIN CO., LTD.
(current position)

8

Number of theCompany’s
shares held:

0(Significant concurrent positions)Representative Director, shapes Co., Ltd.
Outside Director, DUSKIN CO., LTD.
Reason for appointment as candidate for Outside Director and expected roles
In her current position as Representative Director of shapes Co., Ltd. and in past positions as Director ofProcter & Gamble Japan and Director of The P&G Japan Limited, Ms. Yukiko Tsujimoto has acquired
abundant experience and deep insight into corporate management. She has also accumulated extensive
experience in her current position at Procter & Gamble Japan K.K. in charge of supervising the Brand
Marketing and Public Relations and External Affairs Divisions.
The Company believes that she will be able to provide opinions and suggestions that would benefit theCompany’s management and perform her management supervisory function from an independent and fairstandpoint based on her abundant experience and extensive insight.
Notes:

1. An asterisk (*) indicates a newly appointed candidate for Director.
2. There are no special interests between the candidates and the Company.
3. Mr. Yasumi Katsuki, Ms. Shizue Izumi and Ms. Yukiko Tsujimoto are candidates for Outside Director.
4. To attract competent personnel as outside directors, the Company has stipulated in its Articles of Incorporationthat it may conclude agreements to limit their liability for damages to the Company within the range of laws andregulations. The Company has signed liability limitation agreements with Mr. Yasumi Katsuki and Ms. Shizue
Izumi, who are the incumbent Outside Directors of the Company. If their reelection is approved, the Company
plans to renew the said agreements with them. Furthermore, if the election of Ms. Yukiko Tsujimoto as candidate
for Outside Director is approved, the Company plans to sign a limited liability agreement with her also.
The maximum amount of liability for damages under the liability limitation agreement is the amount specified bylaws and regulations.
5. Mr. Yasumi Katsuki and Ms. Shizue Izumi are the Company’s incumbent Outside Directors, and the Company has
submitted notification to Tokyo Stock Exchange, Inc. that they have been designated as independent officers asprovided for by the aforementioned exchange. If their reelection is approved, they will continue to serve as
independent officers as provided for by the aforementioned exchange. Furthermore, if the election of Ms. Yukiko
Tsujimoto is approved, she will become an independent officer as provided for by the Tokyo Stock Exchange, Inc.
Ms. Shizue Izumi is a professor of Shiga University. Although the Company has paid a donation, etc. to the said
university regarding an agreement concerning collaboration and cooperation with the said university, the amountof the donation for this fiscal year is about 1 million yen, which will not affect her independence.
6. The Company has entered into a contract of directors and officers liability insurance with an insurance company.
This insurance contract covers damages arising from liability borne by the insured persons in the course of
execution of their duties or claims pertaining to the pursuit of such liability. However, certain exemptions exist,
including damages arising from actions taken with the recognition that such actions constitute violations of laws
and regulations, which are not covered.
If the election of each candidate is approved, the Company plans to include each of them as insured persons in theinsurance contract and renew the said contract with the same contents during their term of office.
7. Ms. Yukiko Tsujimoto’s name in her family registration is Yukiko Okamoto.

- 13 -

Proposal 4:

Election of 2 Audit & Supervisory Board Members

At the conclusion of this meeting, the term of office of Audit & Supervisory Board Member Mr. Izumi
Tejima will expire, and Audit & Supervisory Board Member Mr. Takahiro Mori will be leaving office.
Therefore, the Company proposes the election of 2 Audit & Supervisory Board Members.
The details of the candidates for Audit & Supervisory Board Member are as follows:
Furthermore, this proposal has received the consent of the Audit & Supervisory Board.
No.

Name
(Date of birth)Izumi Tejima(July 1, 1956)

Career summary, positions and significant concurrent
positions
April 1980

Joined the Company

May 2009

General Manager, Osaka Sales & Marketing
Dept., Newspaper Ink Div.

June 2011

General Manager, Internal Auditing Div.

February
2014

Assistant to Officer in charge of International
Operations Dept.

March 2014

Assigned to International Operations Dept.,
based in Shanghai,
Chairman, SAKATA INX SHANGHAI CO.,LTD.

(Male)
1June 2015

Associate Director, the Company

March 2018

Audit & Supervisory Board Member (current
position)

Number of theCompany’s
shares held:

13,625(Significant concurrent positions)
External Auditor, SIIX Corporation
Reason for appointment as candidate for Audit & Supervisory Board Member
Mr. Izumi Tejima has served as General Manager of Internal Auditing Div. and has abundant experience anddeep insight in internal auditing operations. He has also been involved in all areas of management as the
Chairman of the Company’s Chinese subsidiary and has abundant knowledge and experience in corporate
management. Because he has appropriately overseen auditing operations in his current role as an Audit &Supervisory Board Member of the Company, the Company deems that he will continue to perform his duties
appropriately as an Audit & Supervisory Board Member.
April 1984*
Masahiro Fuchino(April 12, 1961)(Male)
2

Joined the Company

October 2009 General Manager, Tokyo General Affairs
Div.
May 2010

General Manager, Public & Investor
Relations Div.

July 2017

General Manager, Sales Administration Div.

March 2021

Executive Officer (current position), General
Manager of Supply Chain Management
Promotion Dept. (current position)

5,377

Reason for appointment as candidate for Audit & Supervisory Board Member
Mr. Masahiro Fuchino has held many important positions in the public & investor relations division, the sales
management division, and the supply chain administration division, and in his current position as Executive
Officer, he has played an appropriate role in promoting the Group’s sustainable growth and improvement ofcorporate value over the medium to long term. We believe that he will be able to utilize his abundant
experience and extensive knowledge in the Company’s auditing operations.
Notes:

1. *A circle indicates a new candidate for Audit & Supervisory Board Member.
2. There are no special interests between the candidates and the Company.
3. The Company has entered into a contract of directors and officers liability insurance with an insurance company.
This insurance contract covers damages arising from liability borne by the insured persons in the course of
execution of their duties or claims pertaining to the pursuit of such liability. However, certain exemptions exist,
including damages arising from actions taken with the recognition that such actions constitute violations of laws
and regulations, which are not covered.
If the election of both candidates is approved, the Company plans to include them as insured persons in theinsurance contract and renew the said contract with the same contents during their term of office.

- 14 -

[Reference] Skills Matrix of Directors and Audit & Supervisory Board Members
The skills matrix of Directors and Audit & Supervisory Board Members will be as follows if Proposal
3 and Proposal 4 are approved as originally proposed.
Expertise and experience
Corporate
manage- Financement
andBusiness accounting
strategy

Legal
Research,affairs,
Humanproduction
Sales
risk
resources
and
and
and
developdevelop- marketingcomplianment
ment
ce

Position

Name

Director,
Chairman

KotaroMorita●●●Representative
Director,
President &CEOYoshiaki
Ueno

●

●

●

Director,
SeniorManaging
Executive
Officer

MasakiNakamura●

Director,
SeniorManaging
Executive
Officer

HitoshiNakamura●

Director,
Managing
Executive
Officer

Toshihiko
Fukunaga●●

OutsideDirector

Yasumi
Katsuki●●OutsideDirector

Shizue Izumi●

OutsideDirector

YukikoTsujimoto●

Audit &
Supervisory
Board
MemberIzumi Tejima

Audit &
Supervisory
Board
MemberMasahiro
FuchinoOutside Audit& Supervisory
Yoshio Sato
Board
MemberOutside Audit& Supervisory
Board
MemberHiroyukiSugimoto

Global

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ESG

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Proposal 5:

Election of 1 Substitute Audit & Supervisory Board Member

To prepare for circumstances in which the number of Audit & Supervisory Board Members fall below
the number required by laws and regulations, the Company proposes to elect 1 substitute Audit &Supervisory Board Member.
The details of the candidate for substitute Audit & Supervisory Board Member are as follows:
Furthermore, this proposal has received the consent of the Audit & Supervisory Board.
Name(Date of birth)

Masami Iwasaki(July 12, 1959)(Male)

Career summary, positions and significant concurrent positions
April 1990

Admitted to the bar (Osaka Bar Association)(current position)

April 1995

Opened Iwasaki Masami Law Office
Attorney, Iwasaki Masami Law Office (current
position)

Number of theCompany’s shares
held:

0

(Significant concurrent positions)
Attorney, Iwasaki Masami Law Office

Reasons for appointment as candidate for substitute Outside Audit & Supervisory Board Member
Although Mr. Masami Iwasaki has never been involved in corporate management except as outside director and outside
Audit & Supervisory Board member, considering his expert knowledge and experience as an attorney and sufficient insightin corporate auditing operations, the Company believes that he is qualified to serve as an outside Audit & Supervisory
Board Member and proposes his election.
Notes:

1. There are no special interests between the candidate and the Company.
2. Mr. Masami Iwasaki is a candidate for substitute outside Audit & Supervisory Board Member.
3. To attract competent personnel as outside Audit & Supervisory Board Members, the Company has stipulated in its
Articles of Incorporation that it may conclude agreements to limit their liability for damages to the Company
within the range of laws and regulations. If the election of Mr. Masami Iwasaki as substitute outside Audit &Supervisory Board Member candidate is approved and he is appointed as an outside Audit & Supervisory Board
Member, the Company plans to sign a limited liability agreement with him, and the maximum amount of liability
for damages under the liability limitation agreement is the amount specified by laws and regulations.
4. The Company has entered into a contract of directors and officers liability insurance with an insurance company.
This insurance contract covers damages arising from liability borne by the insured persons in the course of
execution of their duties or claims pertaining to the pursuit of such liability. However, certain exemptions exist,
including damages arising from actions taken with the recognition that such actions constitute violations of laws
and regulations, which are not covered. If Mr. Masami Iwasaki is elected as a substitute outside Audit &Supervisory Board Member and assumes office as outside Audit & Supervisory Board Member, he will be included
as an insured person in the insurance agreement.

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