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

Securities Code: 6258
June 3, 2022
To Our Shareholders:Yuichiro Hirata, Representative Director and President
Hirata Corporation
111 Hitotsugi, Ueki-machi, Kita-ku, Kumamoto-shi,
Kumamoto

Notice of the 71st Annual General Meeting of Shareholders
It is a pleasure to inform you that the 71st Annual General Meeting of Shareholders (the “Meeting”) of Hirata
Corporation (the “Company”) will be held as indicated below.
1. Date and Time: Friday, June 24, 2022 at 10:00 a.m. (JST)
2. Venue:

3rd Floor of Mielparque Kumamoto
14-1, Suido-cho, Chuo-ku, Kumamoto-shi, Kumamoto

3. Purpose of the Meeting
Matters to be reported:
1. The Business Report and the Consolidated Financial Statements for the 71st fiscal year (from April 1, 2021
to March 31, 2022), and the audit results of the Consolidated Financial Statements by the Financial Auditor
and the Audit and Supervisory Board
2. The Non-consolidated Financial Statements for the 71st fiscal year (from April 1, 2021 to March 31, 2022)
Matters to be resolved:
Proposal No. 1
Partial Amendment of the Articles of Incorporation
Proposal No. 2
Election of Nine Directors
Proposal No. 3
Election of Two Audit and Supervisory Board Members--

If you attend the Meeting, please submit the enclosed voting rights exercise form at the reception desk.
In accordance with the provision of laws and regulations, and Article 15 of the Articles of Incorporation, Notes to Consolidated
Financial Statements and Notes to Non-consolidated Financial Statements are posted on the website of the Company(https://www.hirata.co.jp/ir/library/index/category:shareholders) and therefore, they shall not be stated on the attachment to the
Notice of the General Meeting of Shareholders. Documents attached to the Notice of the General Meeting of Shareholders are partof the Consolidated Financial Statements and the Non-consolidated Financial Statements audited by the financial auditors when
preparing the financial audit report and the same documents audited by the Audit and Supervisory Board and Audit and Supervisory
Board Members in preparing the audit report.
Changes in the Reference Documents for the General Meeting of Shareholders, Business Report, Consolidated Financial Statements
and Non-consolidated Financial Statements will be announced on the Company’s website provided above as needed.

Please refer to the following page for the operation in response to COVID-19.
The Company discontinued distributing gifts to shareholders attending the general meeting of shareholders, starting from 69th Annual
General Meeting of Shareholders. Your understanding will be highly appreciated.

-1-

<Operation in response to COVID-19 at the venue of the 71st Annual General Meeting of Shareholders>
1. Request for shareholders
 The Company encourages shareholders to vote in writing or via the Internet.
 Shareholders who plan to come to the venue are, depending on the epidemic situation and their healthcondition on the day of the Meeting, recommended to refrain from attending the Meeting to prevent the spreadof COVID-19.
2. Request for shareholders attending the Meeting We would like shareholders coming to the venue to clean their hand using the alcohol disinfectants prior toreception.
 Please wear masks when coming to the venue. (We keep extra masks at the entrance of the venue.) We will monitor your temperatures at the entrance of the venue, and may refuse entry to the Meeting venue
if you seem unwell.
 We will widen the spaces in between the shareholders’ seats. Please sit on a seat designated by the Meeting
staff.
3. Operation at the venue
 The officers and the Meeting staff will attend the Meeting with masks as needed, after carefully confirming
their health conditions.
 We will make sure to carry out preventive measures, for example, keeping disinfectants and extra masks andkeeping the desks and chairs clean and hygienic, among others.
 We will widen the spaces in between the shareholders’ seats, etc. in the venue.
 We may simplify some of the explanations and Q&As more than usual to shorten the Meeting duration.
While we will make utmost efforts at the venue to prevent the spread of COVID-19, it is difficult to eliminate
infection risk entirely. Shareholders coming to the venue are strongly recommended to check the epidemic situationand their health condition on the day of the Meeting, and refrain from attending the Meeting.
Changes in circumstances related to the convening of the Meeting will be announced on the Company’s website.
Please check the website below before coming to the venue to attend the Meeting.
https://www.hirata.co.jp/ir/library/index/category:shareholders-2-

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

Partial Amendment of the Articles of Incorporation

1. Reasons for the Proposal
Since the revised provisions provided for in the proviso to Article 1 of the Supplementary Provisions of the Act
Partially Amending the Companies Act (Act No. 70 of 2019) are to be enforced on September 1, 2022, theCompany proposes to make the following changes to its Articles of Incorporation in preparation for the
introduction of the system for providing reference documents for the general meeting of shareholders, etc. inelectronic format.
(1)

Article 15, paragraph 1, after amendment, will stipulate that the Company shall take measures for providing
information that constitutes the content of reference documents for a general meeting of shareholders, etc.
in electronic format.

(2)

Article 15, paragraph 2, after amendment, will establish the provision to limit the scope of the items to bestated in the paper-based documents to be delivered to shareholders who request the delivery of paperbased documents.

(3)

Since the provisions for Internet Disclosure and Deemed Provision of Reference Documents for the
General Meeting of Shareholders, Etc. (Article 15 of the pre-amendment Articles of Incorporation) will nolonger be required, they will be deleted.

(4)

Accompanying the aforementioned establishment and deletion of provisions, the Supplementary Provisionof the pre-amendment Articles of Incorporation will be deleted and Supplementary Provisions regarding
the effective date, etc., will be established.

2. Details of Amendment
The details of amendment are as follows:(The underlined portions represent where changes are made.)
Pre-amendment Articles of Incorporation

After amendment(Internet Disclosure of Reference Documents for the General
Meeting of Shareholders, Etc.)(Deleted)

Article 15
The Company may disclose information that is to be stated orpresented in the reference documents for the general meeting ofshareholders, non-consolidated financial statements,
consolidated financial statements and the business reportthrough the internet, as designated by the Ministry of Justice
Order.
(Newly established)(Measures, Etc. for Providing Information in Electronic Format)
Article 15
When the Company convenes a general meeting ofshareholders, it shall take measures for providing informationthat constitutes the content of reference documents for thegeneral meeting of shareholders, etc. in electronic format.
2. Among items for which the measures for providing
information in electronic format will be taken, theCompany may exclude all or some of those items
designated by the Ministry of Justice Order fromstatements in the paper-based documents to be delivered toshareholders who request the delivery of paper-based
documents by the record date of voting rights.

-3-Pre-amendment Articles of Incorporation

After amendment

Supplementary Provision(Deleted)

The amendment to the Articles of Incorporation shall takeeffect upon the resolution.
(Newly established)

Supplementary Provisions
The deletion of the provision of Article 15 (Internet Disclosureof Reference Documents for the General Meeting of
Shareholders, Etc.) of the pre-amendment Articles ofIncorporation and the establishment of provisions of Article 15(Measures, Etc. for Providing Information in Electronic
Format) in the post-amendment Articles of Incorporation shallbe effective from September 1, 2022, the date of enforcement
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) (hereinafter referred to as the “Date of
Enforcement”).
2. Notwithstanding the provision of the preceding paragraph,
Article 15 of the pre-amendment Articles of Incorporation
shall remain effective regarding any general meeting ofshareholders held on a date within six months from theDate 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 date of
the general meeting of shareholders in the preceding
paragraph, whichever is later.

-4-

Proposal No. 2

Election of Nine Directors

The terms of office of all ten Directors will expire at the conclusion of this meeting.
Therefore, the Company proposes the election of nine Directors (including three Outside Directors). The candidates
were determined at the Board of Directors based on discussion at the Nomination and Compensation Advisory
Committee, which is an advisory body to the Board of Directors.
The candidates for Directors are as follows:
Candidate
No.

Name(Date of birth)

Career summary, position and responsibility in the Company,
and significant concurrent positions outside the Company
May 1989
June 2003
Feb. 2004

Aug. 2004
May 2005
Yuichiro Hirata(August 23, 1961)
1

Reelection

June 2005

June 2006

Oct. 2006
Apr. 2007

Apr. 2011

Joined the Company
Director and Executive General Manager of #1
Business Division
Director and Chairman of HIRATA Production
Systems Design & Consulting (Shanghai) Co.,Ltd.
Director and Chairman of HIRATA Corporationof America
Director of Taihei Computer Co., Ltd. (present
Trinity Inc.) (current position)
Director and Executive Vice President in chargeof Business Promotion and #1 Business
Division of the Company
Director and Executive Vice President,
Executive Officer, and Division Director of
Business Headquarters
Director and Chairman of Hirata AutomatedMachinery (Shanghai) Co., Ltd.
Director and Executive Vice President, andExecutive Officer of the Company
Division Director of International Business
Headquarters and Division Director ofTechnology Headquarters
Representative Director and President, andExecutive Officer (current position)

Number of theCompany’s shares
owned

291,600(Reasons for nomination as candidate for Director)
Candidate Yuichiro Hirata has led the management of the Company and the Group as Representative Director andPresident, and has made a meaningful contribution to developing businesses. Therefore, the Company judges Mr.
Hirata’s abundant experience and insights are essential for the management of the Company.

-5-

Candidate
No.

Name
(Date of birth)

Career summary, position and responsibility in the Company,
and significant concurrent positions outside the Company
Oct. 2002

Oct. 2007
Apr. 2008
June 2008

Apr. 2010

Jan. 2011
Apr. 2011
Yasuhide Hiraga(January 16, 1965)

Apr. 2012
June 20142

Reelection
Aug. 2014
July 2015

Apr. 2019

June 2019

June 2021

Executive Officer of Tokki Corporation(present Canon Tokki Corporation)
Manager of Technology Supervision
Department and Manager of R&D Center
Joined the Company, Assistant Division
Director of Semiconductor Business Unit
Deputy Division Director of Semiconductor
Business Unit
Executive Officer, Business Headquarters
Division Director of Semiconductor Business
Unit
Executive Officer and Executive General
Manager of #1 Business Division, Business
Headquarters
Executive Officer in charge of Development,
Technology Headquarters
Executive Officer in charge of New ProductDevelopment, Technology Division
Executive Officer in charge of New Business
Development and Development Division
Director and Executive Officer in charge of
New Business Development and Development
Division
Director of KOYA Corp., which was merged
into the Company in November 2016
Director, Executive Officer, and Division
Director of Director, Executive Officer, Chief
Technical Officer, Division Director of
Research and Development Headquarters of theCompany
Director, Managing Executive Officer, Chief
Technical Officer, Division Director of
Research and Development Headquarters
Managing Executive Officer, Chief Technical
Officer, Division Director of Research andDevelopment Headquarters
Director, Managing Executive Officer, Chief
Technical Officer, Division Director of
Research and Development Headquarters(current position)

Number of theCompany’s shares
owned

5,100

(Reasons for nomination as candidate for Director)
Candidate Yasuhide Hiraga has made a meaningful contribution to developing organic EL displays and semiconductorrelated facilities business, and developing a new business to create further corporate value in the future. Therefore, theCompany judges Mr. Hiraga’s abundant experience and insights are essential for the management of the Company.

-6-

Candidate
No.

Name
(Date of birth)

Career summary, position and responsibility in the Company,
and significant concurrent positions outside the Company
June 1989
Apr. 2007

Apr. 2012
Apr. 2014
July 2014

June 2017

Apr. 2018
Shojiro Hirata(June 1, 1963)

June 2018

Reelection
3

Apr. 2019

June 2019

Apr. 2020

Apr. 2021

June 2021

Joined the Company
Executive General Manager of Robot
Department, Semiconductor Business Unit,
Business Headquarters
Executive General Manager of Device Center
Chairman of Hirata Automated Machinery(Shanghai) Co., Ltd.
Executive Officer and Executive General
Manager of Device Center, Business
Headquarters of the Company
Director, Executive Officer, and Executive
General Manager of Device Center, Business
Headquarters
Director, Executive Officer in charge of
Manufacturing, Device Center, and Quality
Control
Director, Executive Officer, Division Directorof Procurement Division, and in charge ofFacility Investment and Quality Control
Director, Managing Executive Officer, Division
Director of Procurement Division, and in
charge of Facility Investment
Managing Executive Officer, Division Directorof Procurement Division, and in charge ofFacility Investment
Managing Executive Officer, Division Directorof Procurement Division, and in charge ofFacility Investment and Quality Control
Managing Executive Officer, Division Directorof Procurement Division, and in charge of
Quality Control
Director, Managing Executive Officer, Division
Director of Procurement Division, and in
charge of Quality Control (current position)

Number of theCompany’s sharesowned

163,300(Reasons for nomination as candidate for Director)
Candidate Shojiro Hirata has made a meaningful contribution to enhancing the Chinese business, developing
semiconductor-related facilities and industrial robots and other devices business, and enhancing the Company’s
procurement function through the management of a Chinese subsidiary and the operation of the business division andprocurement division. Therefore, the Company judges Mr. Hirata’s abundant experience and insights are essential forthe management of the Company.

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Candidate
No.

Name
(Date of birth)

Career summary, position and responsibility in the Company,
and significant concurrent positions outside the Company
Feb. 1986
Apr. 2006

Apr. 2015

June 2018
Apr. 2019
Yasuhiro Fujimoto(June 24, 1958)

June 2019

Reelection

Apr. 2020

4
June 2020
Apr. 2021

Apr. 2021
June 2021

Joined the Company
Executive General Manager of Accounting
Department and Head of Consolidated
Accounting Section, Administration Division
Executive Officer, Executive General Manager
of Accounting Department, Administration
Division, and in charge of Investor Relations &Public Relations
Director and Executive Officer in charge ofFinance and Accounting and Investor Relations
Director and Managing Executive Officer incharge of Finance and Accounting and Investor
RelationsManaging Executive Officer in charge ofFinance and Accounting and Investor Relations
Managing Executive Officer and Division
Director of Administration Division
Statutory Auditor of Trinity Inc. (current
position)Managing Executive Officer, Division Directorof Administration Division, and in charge ofInternal Control and SDGs of the Company
Director (Part-time) of Athlete Club KumamotoCo., Ltd. (current position)
Director, Managing Executive Officer, Division
Director of Administration Division, and in
charge of Internal Control and SDGs of theCompany (current position)

Number of theCompany’s shares
owned

6,100

(Reasons for nomination as candidate for Director)
Candidate Yasuhiro Fujimoto is familiar with accounting, investor relations and public relations, etc., and is currently
leading the promotion of corporate governance, the improvement of the internal control system and the implementationof SDGs. Therefore, the Company judges Mr. Fujimoto’s abundant experience and insights are essential for the
management of the Company.

-8-

Candidate
No.

Name
(Date of birth)

Career summary, position and responsibility in the Company,
and significant concurrent positions outside the Company
Apr. 1979
Apr. 2012
Apr. 2013

Apr. 2014
Shigeru Maeda(January 1, 1961)
New election

July 2014
Apr. 2018
Apr. 20195
Apr. 2020
Apr. 2021

Apr. 2022

6

Joined the Company
Executive General Manager of Production
Control Department, Business Headquarters
Manager of Technology Department (in chargeof #3 Technology Group), Kumamoto Business
Division, Business Headquarters
Manager of #1 System Department, Kumamoto
Business Division, Business Headquarters
Director of Hirata Corporation of America
Executive General Manager of #1 Kumamoto
Business Division, Business Headquarters
Executive Officer and Executive General
Manager of #1 Kumamoto Business Division,
Business Headquarters
Executive Officer, Division Director of #1
Business Unit, Business Headquarters
Executive Officer, Division Director of
Business Headquarters and Division Director of#1 Business Unit, Business Headquarters
Executive Officer and Division Director of
Business Headquarters (current position)

Number of theCompany’s shares
owned

1,300

(Reasons for nomination as candidate for Director)
Candidate Shigeru Maeda served as manager for departments mainly for the automobile sector, as well as manager forthe business promotion division for the entire company, and has been fulfilling his role to supervise the overall business
management appropriately since taking office as Division Director of Business Headquarters in the fiscal year 2021.
Therefore, the Company judges Mr. Maeda’s abundant experience and insights are essential for the management of theCompany toward the Group’s business development.
Apr. 1986
Joined the Company
Mar. 2010
Director of HIRATA FA Engineering (S) Pte.
Ltd.
Mar. 2015
Managing Director of HIRATA FA Engineering(S) Pte. Ltd.
Apr. 2017Manager assigned to General Affairs andMasaru Kozaki
Human Resources Department, Administration(January 5, 1968)
Division of the Company (HIRATA FA
0Engineering (S) Pte. Ltd.)New election
Apr. 2021
Executive Officer and Division Director of
Global Business Headquarters
Managing Director of HIRATA FA Engineering(S) Pte. Ltd.
Oct. 2021
Executive Officer and Division Director of
Global Business Headquarters of the Company(current position)(Reasons for nomination as candidate for Director)
Candidate Masaru Kozaki has made a meaningful contribution to the business development of the Group globally byhaving served in the capacity of the representative of the local subsidiary in Singapore over six years, as well as being
in charge of affiliate companies. Therefore, the Company judges Mr. Kozaki’s global and diversified perspective basedon his abundant experience and insights is essential for the management of the Company.

-9-

Candidate
No.

Name
(Date of birth)

Career summary, position and responsibility in the Company,
and significant concurrent positions outside the Company
Mar. 1992
Jan. 1997

7

8

Number of theCompany’s shares
ownedJoined Coca-Cola (Japan) Company, Limited
General Manager of Business Systems
Department, Coca-Cola Beverage Business
Division
July 1999
General Manager of Strategic Business System
Planning Department of Coca-Cola Tea
Products Co., Ltd.
Apr. 2000
Vice President & CIO in charge of Business
Satoru Ogawa
Systems of Coca-Cola (Japan) Company,(August 10, 1965)
Limited100
Reelection
July 2007
In charge of founding new business of Internet
OutsideInitiative Japan Inc.
Independent officer
Outside Director of Taihei Computer Co., Ltd.
(present Trinity Inc.)
Dec. 2011
Director and Vice President of Wako Industries
Co., Ltd.
June 2021
Outside Director of the Company (current
position)
Sept. 2021
Representative Director and President of Wako
Industries Co., Ltd. (current position)(Reasons for nomination as candidate for Outside Director and outline of expected roles)
Candidate Satoru Ogawa possesses extensive experience including formulation of information strategies and corporate
management in other companies, along with sophisticated insights into manufacturing and corporate management. For
this reason, the Company expects that Mr. Ogawa will deliver supervision and advice to the management from an
independent standpoint as an Outside Director.
At the conclusion of this meeting, Mr. Ogawa’s tenure as Outside Director of the Company will have been one year.
Apr. 1987
Joined Showa Denko K.K.
Mar. 2001
Chief Research Engineer of Technology
Research Headquarters
Apr. 2007
Senior Policy Researcher (part-time) (assigned
to Director General for Science and Technology
Policy) of the Cabinet OfficeTamami Koyama
Apr.
2012
Head of Safety Research Center of Showa(September 18, 1960)
Denko K.K.
0
New election
Jan. 2017
Corporate Fellow, Head of Institute for
OutsideAdvanced Technology Development and Head
Independent officer
of Safety Research Center
June 2017
Corporate Fellow and Head of Institute forAdvanced Technology Development
Jan. 2019
Councilor and Head of Laboratory for
Advanced Technology
Jan. 2021
Councilor (current position)(Reasons for nomination as candidate for Outside Director and outline of expected roles)
Candidate Tamami Koyama has never been involved in the management of a company, however, she possesses
extensive experience, including experience related to organic EL, the launch of new organizations with themes of SDGs
and ESG, and as Councilor at another company, along with sophisticated insights into technology, research anddevelopment, and ESG through various external activities, including those related to intellectual property. For thisreason, the Company expects Ms. Koyama will deliver supervision and advice to the management from an independentand objective standpoint toward sustainable improvement of corporate value of the Company.

- 10 -

Candidate
No.

Name
(Date of birth)

Career summary, position and responsibility in the Company,
and significant concurrent positions outside the Company
Oct. 2001
Apr. 2002

9Notes:

1.
2.

3.

4.

Number of theCompany’s shares
ownedJoined Mizuho Securities Co., Ltd.
Seconded to Japan Investor Relations andInvestor Support, Inc.
July 2008
Transferred to Japan Investor Relations andInvestor Support, Inc.
Nov. 2013
Special Research Fellow of Financial ResearchCenter of the Financial Services Agency
Ryoko Ueda
Nov. 2017
Seconded to Mizuho International plc (London)(February 25, 1973)
Nov. 2019
Senior Researcher of Japan Investor Relations
200
and Investor Support, Inc. (current position)
New election
Feb. 2020
External Director of Money Forward, Inc.
Outside(current position)
Independent officer
Mar. 2020
Associate Professor at SBI Graduate School(current position)
Apr. 2020
Associate Professor at Kyoto University(current position)
Apr. 2022
Member of Certified Public Accountants andAuditing Oversight Board, Financial Services
Agency (current position)(Reasons for nomination as candidate for Outside Director and outline of expected roles)
Candidate Ryoko Ueda has never been involved in the management of a company except as an outside officer, however,she possesses extensive experience and sophisticated insights as an expert on corporate governance (CG) and ESG, etc.
For this reason, the Company expects Ms. Ueda will deliver supervision and advice to the management from an
independent and objective standpoint toward sustainable improvement of corporate value of the Company.
There is no special interest between any of the candidates and the Company.
Satoru Ogawa, Tamami Koyama, and Ryoko Ueda are candidates for Outside Director. The Company has submitted
notification to the Tokyo Stock Exchange that Mr. Ogawa has been designated as an independent officer as provided forby the aforementioned exchange. The Company also plans to submit notification to the Tokyo Stock Exchange concerning
the designation of Ms. Koyama and Ms. Ueda as an independent officer as provided for by the aforementioned exchange.
Pursuant to the provisions of Article 427, paragraph (1) of the Companies Act, the Company has entered into agreementswith Satoru Ogawa to limit his liability for damages under Article 423, paragraph (1) of the same Act. Liability pursuant
to this agreement will be restricted to the minimum liability amount prescribed in Article 425, paragraph (1) of theCompanies Act. If candidate Mr. Ogawa is reelected, the Company plans to renew this agreement with him. If candidates
Tamami Koyama and Ryoko Ueda are elected, the Company plans to enter into the same limited liability agreement witheach one of them.
The Company has entered into a directors’ and officers’ liability insurance (D&O insurance) contract with an insurancecompany pursuant to Article 430-3, paragraph (1) of the Companies Act. In the case where a claim for damages is madeby a shareholder or a third party, the insurance is designed to cover losses that may arise from the insured persons such ascompensation for damages and related litigation expenses, and a premium for the insurance is fully borne by the Company.
The above candidates will be included in the insured persons of the D&O insurance contract. The Company plans to renew
the contract on similar terms and conditions at the next renewal.

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Skill matrix of the Company’s Directors
Name

Corporate
management

Industryknowledge

Technology,
research anddevelopment●●

GlobalRiskmanagement

Finance andaccounting

ESG

Yuichiro Hirata●●●
Yasuhide Hiraga●●
Shojiro Hirata●●
Yasuhiro Fujimoto●●●
Shigeru Maeda●●
Masaru Kozaki●●●
Satoru Ogawa●●●
Tamami Koyama●●●
Ryoko Ueda●●●
* The above shows knowledge, experience and capability particularly expected of each individual, and is not a complete list of all theexpertise possessed by the individuals.

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Proposal No. 3

Election of Two Audit and Supervisory Board Members

At the conclusion of this meeting, the terms of office of the Audit and Supervisory Board Members Noriaki Torisu
and Yasuhiko Endo will expire. Therefore, the Company proposes the election of two Audit and Supervisory Board
Members.
The consent of the Audit and Supervisory Board has been obtained for the Proposal.
The candidates for Audit and Supervisory Board Member are as follows:
Candidate
No.

Name(Date of birth)

Career summary, position in the Company, and significant
concurrent positions outside the Company
Apr. 1980

1

2

Number of theCompany’s shares
ownedJoined New Japan Securities Co., Ltd. (current
Mizuho Securities Co., Ltd.)
Oct. 2007
Executive Officer, Head of Corporate Planning
Department and Head of Business Promotion
OfficeMay 2009
Executive Officer in charge of Investment
Banking Group of Mizuho Securities Co., Ltd.
Apr. 2011
Managing Executive Officer, in charge ofInvestment Banking Group (Investment
Banking Department VIII and IX) andYasuhiko Endo
Corporate Finance Promotion Group(July 3, 1957)
May 2012
Director and Senior Managing Executive
Officer of Mizuho Securities Research &300
Reelection
Consulting Co., Ltd. (current Japan Investor
OutsideRelations and Investor Support, Inc.)
Independent officer
Apr. 2018
AdvisorJune 2018
Outside Audit and Supervisory Board Memberof the Company (current position)
June 2020
Outside Audit and Supervisory Board Memberof ESTELLE HOLDINGS CO.,LTD. (parttime) (current position)
June 2021
Registered as CFE (Certified Fraud Examiner)
Apr. 2022
Provisional Audit & Supervisory Board
Member of SAC’S BAR HOLDINGS INC.
(current position)(Reasons for nomination as candidate for Outside Audit and Supervisory Board Member)
In order to capitalize on his professional knowledge as a CFE (Certified Fraud Examiner) and extensive experience withand insight into stocks and corporate management for the audits of the Company, we nominated him as candidate for
Outside Audit and Supervisory Board Member. Candidate Endo Yasuhiko has been serving as Outside Audit andSupervisory Board Member of the Company since June 2018, and at the conclusion of this meeting, his tenure will havebeen four years.
Asako Okabe
Oct. 1997
Joined Tohmatsu & Co. (current Deloitte(August 7, 1970)
Touche Tohmatsu LLC)
May 2001
Registered as the Certified Public Accountant
0
New election
July 2017
Partner of Deloitte Touche Tohmatsu LLC
Outside(current position)
Independent officer(Reasons for nomination as candidate for Outside Audit and Supervisory Board Member)
Candidate Asako Okabe has never been involved in the management of a company. However, in order to capitalize on
her professional knowledge as Certified Public Accountant and extensive experience in corporate accounting for theaudit of the Company, we nominated her as candidate for Outside Audit and Supervisory Board Member.

- 13 -

Notes:1. There is no special interest between any of the candidates and the Company.
2. Both of Yasuhiko Endo and Asako Okabe are candidates for Outside Audit and Supervisory Board Member. The Company
has submitted notification to the Tokyo Stock Exchange that Mr. Endo has been designated as an independent officer as
provided for by the aforementioned exchange. The Company also plans to submit notification to the Tokyo Stock
Exchange concerning Ms. Okabe’s designation as an independent officer as provided for by the aforementioned exchange.
3. Pursuant to the provisions of Article 427, paragraph (1) of the Companies Act, the Company has entered into agreementswith Yasuhiko Endo to limit his liability for damages under Article 423, paragraph (1) of the same Act. Liability pursuant
to this agreement will be restricted to the minimum liability amount prescribed in Article 425, paragraph (1) of theCompanies Act. If candidate Mr. Endo is reelected, the Company plans to renew this agreement with him. Also, if
candidate Asako Okabe is elected, the Company plans to enter into the same limited liability agreement with her.
4. The Company has entered into a directors’ and officers’ liability insurance (D&O insurance) contract with an insurancecompany pursuant to Article 430-3, paragraph (1) of the Companies Act. In the case where a claim for damages is madeby a shareholder or a third party, the insurance is designed to cover losses that may arise from the insured persons such ascompensation for damages and related litigation expenses, and a premium for the insurance is fully borne by the Company.
The above candidates will be included in the insured persons of the D&O insurance contract. The Company plans to renew
the contract on similar terms and conditions at the next renewal.

- 14 -