Shareholder Meeting

1. Report on the business report and the consolidated financial statements for the 200th fiscal year (from April 1, 2016 to March 31, 2017), and the results of the audit of the consolidated financial statements by the accounting auditor and the board of company auditors:
   In this matter, the contents of the said business report and the said consolidated financial statements and the results of the audit of the said consolidated financial statements were reported.
2. Report on the financial statements for the 200th fiscal year (from April 1, 2016 to March 31, 2017):
   In this matter, the contents of the said financial statements were reported.

Agenda Item No.1: Election of fourteen (14) directors
As originally proposed, Messrs. Tamotsu Saito, Tsugio Mitsuoka, Toshinori Sekido, Ichiro Terai, Hiroyuki Otani, Mikio Mochizuki, Tomoharu Shikina, Atsushi Kuwata, Taketsugu Fujiwara and Hiroshi Kimura were reelected as directors and took their offices again.
Messrs. Takeshi Yamada, Kazuki Awai, Kazuhiko Ishimura and Ms. Yayoi Tanaka were newly elected as directors and took their offices.
Messrs. Taketsugu Fujiwara, Hiroshi Kimura, Kazuhiko Ishimura and Ms. Yayoi Tanaka are outside directors.

Agenda Item No. 2: Election of two (2) audit & supervisory board members
As originally proposed, Messrs. Taizo Suga and Ms. Tomomi Yatsu were newly elected as audit & supervisory board members and took their offices.
Ms. Tomomi Yatsu is an outside audit & supervisory board member.

Agenda Item No. 3: Revision of directors’ remuneration
This item was approved as originally proposed. As a result, the total amount of the portion of remuneration for the Company’s outside directors was set at 60 million yen or below per year, while keeping the total amount of remuneration for the Company’s directors at 1,090 million yen or below per year.

Agenda Item No. 4 : Adoption of performance-based share remuneration plan for directors
This item was approved as originally proposed. The Company abolished the share-based compensation plan and, introduced a “Board Benefit Trust” performance-based share remuneration plan, which leads to further enhance connections among directors’ remuneration, Company’s stock value, and its medium- to long-term operating performance.

Agenda Item No. 5: Consolidation of shares
This item was approved as originally proposed. 10 shares were consolidated into one share and the current total number of authorized shares changed from 3,300 million shares to 300 million shares.

Change of the trading share unit from 1,000 shares to 100 shares the Company resolved at a meeting of the Board of Directors held on May 19, 2017, consolidation of shares and the total number of authorized shares will come into effect on October 1, 2017. 

NOTICE OF CONVOCATION OF THE 200TH ORDINARY GENERAL MEETING OF SHAREHOLDERS