Report of the 42nd Ordinary General Meeting of Shareholders

1.Date

Friday, March 24, 2023

2.Place

Heian Banquet Hall, 4th Floor at Okura Act City Hotel Hamamatsu

3.Time

1:00 p.m.–2:09 p.m. (69 minutes)

4.Number of shareholders attending in person

41

5. Matters reported
  1. The Business Report, Consolidated Financial Statements and audit report on Consolidated Financial Statements by the Accounting Auditor and the Audit & Supervisory Board for the Company's 41st Fiscal Year
  2. Non-Consolidated Financial Statements for the Company's 42nd Fiscal Year

6.Proposals resolved

Proposal No. 1: Appropriation of Surplus

Proposal No. 2: Election of Seven Directors

Proposal No. 3: Election of One Audit & Supervisory Board Member

All proposals to be resolved were approved and passed as proposed.

Proceedings of the Meeting

General Meeting of Shareholders

President Tanabe, who chaired the General Meeting of Shareholders, declared the meeting open on schedule at 1:00 p.m. Japan time. The first half of the meeting comprised matters reported. Audit & Supervisory Board Members presented their audit report, which was followed by the Business Report explaining the results for the Company's 42nd fiscal year and progress on the medium-term business plan, which was commenced from the 42nd fiscal year. The second half of the meeting comprised proposals resolved. After a report on the status of the exercise of voting rights, the meeting deliberated on each proposal. All proposals were approved and passed without alteration. A total of three shareholders expressed opinions or asked questions after the presentation of the Business Report. Please see below for the details of these opinions and questions.

  • To protect our shareholders’ privacy, the Q&A section has been excluded from this video.

Presentation, THE 42nd ORDINARY GENERAL MEETING OF SHAREHOLDERS

President Tanabe chairing the General Meeting of Shareholders
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President Tanabe chairing the General Meeting of Shareholders
Director Uwai, in charge of production, also responded to questions during the Q&A session
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Director Uwai, in charge of production, also responded to questions during the Q&A session
At the General Meeting of Shareholders’ venue
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At the General Meeting of Shareholders’ venue
Directors and Audit & Supervisory Board Members elected at the General Meeting of Shareholders
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Directors and Audit & Supervisory Board Members elected at the General Meeting of Shareholders
A large mural reproduced down to its uneven surface by our UV printer Product used: MG-640
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A large mural reproduced down to its uneven surface by our UV printer Product used: MG-640
Samples of the Company’s first DTF print. Product used: BN-20D
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Samples of the Company’s first DTF print. Product used: BN-20D
A reproduction of “Phoenix Glaring in All Directions,” by Katsushika Hokusai Product used: LEC2-640
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A reproduction of “Phoenix Glaring in All Directions,” by Katsushika Hokusai Product used: LEC2-640
Attendees were able to directly touch the output samples.
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Attendees were able to directly touch the output samples.