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 other forms of damages arising from the translation.

(Stock Exchange Code 4975)

June 13, 2022

To Shareholders with Voting Rights:

Masashi Kimura

Representative Director, President and CEO

JCU CORPORATION

8-1 Higashiueno 4-chome,Taito-ku,

Tokyo, Japan

NOTICE OF

THE 62ND ANNUAL GENERAL MEETING OF SHAREHOLDERS

Dear Shareholders:

We would like to express our appreciation for your continued support and patronage.

You are cordially notified of the 62nd Annual General Meeting of Shareholders of JCU CORPORATION (the "Company"). The meeting will be held for the purposes as described below.

To prevent the spread of the novel coronavirus infection, we recommend that you exercise your voting rights in writing or via the Internet. Please review the attached Reference Documents for the General Meeting of Shareholders and exercise your voting rights by 5:30 p.m. on Monday, June 27, 2022, Japan time.

1. Date and Time: Tuesday, June 28, 2022, at 10:00 a.m. Japan time (The reception desk opens at 9:30 a.m.)

2. Place:

Conference room at the Head Office of the Company located at

TIXTOWER UENO 16F, 8-1 Higashiueno 4-chome,Taito-ku, Tokyo, Japan

3. Meeting Agenda:

Matters to be reported: 1. The Business Report, Consolidated Financial Statements for the Company's

62nd Fiscal Year (April 1, 2021 - March 31, 2022) and results of audits by the Accounting Auditor and the Audit & Supervisory Board of the Consolidated Financial Statements

2. Non-consolidated Financial Statements for the Company's 62nd Fiscal Year

(April 1, 2021 - March 31, 2022)

Proposals to be resolved:

Proposal 1: Partial Amendments to the Articles of Incorporation

Proposal 2: Election of ten (10) Directors

Proposal 3: Election of one (1) Audit & Supervisory Board Member

- 1 -

  • Of the documents that should be provided along with this convocation, matters that should be included in the Consolidated Statements of Changes in Shareholders' Equity, the Non-Consolidated Statements of Changes in Shareholders' Equity, the Notes to the Consolidated Financial Statements, and the Notes to the
    Non-Consolidated Financial Statements are posted on the Company's Web site (https://www.jcu-i.com/), based on laws and regulations and provisions of the Articles of Incorporation of the Company, therefore these are not included in the attached document to this convocation.
    Therefore, the attached Consolidated Financial Statements and Non-Consolidated Financial Statements are part of the Consolidated Financial Statements and Non-Consolidated Financial Statements audited by the Audit & Supervisory Board Members to prepare the audit report and by the Accounting Auditor to prepare the accounting audit report.
  • Should the Reference Documents for the General Meeting of Shareholders, the Business Report, the Consolidated Financial Statements and the Non-consolidated Financial Statements require revisions, the revised versions will be posted on the Company's website (https://www.jcu-i.com/).
  • In order to prevent the spread of the novel coronavirus infection, we recommend that you exercise your voting rights in writing or via the Internet. Shareholders attending the meeting in person are kindly requested to check the status of the infection and their physical condition on the day of the meeting and take measures to prevent infection such as wearing a mask before visiting.
    As the seats at the venue will be spaced out widely in order to prevent the spread of the infection, as they were last year, significantly less seating will be available. Therefore, please note that even if you come to the venue, you may not enter the venue.

- 2 -

Reference Documents for the General Meeting of Shareholders

Proposals and References

Proposal 1: Partial Amendments to the Articles of Incorporation

1. Reasons for amendments

The amended provisions stipulated in the proviso of Article 1 of the supplementary provisions of the "Act

Partially Amending the Companies Act" (Act No. 70 of 2019) will be enforced on September 1, 2022. Accordingly, in order to prepare for the introduction of the system for electronic provision of materials for general meetings of shareholders, the Articles of Incorporation of the Company shall be amended as follows.

  1. The proposed Article 16, Paragraph 1 provides that information contained in the reference documents for the general meeting of shareholders, etc. shall be provided electronically.
  2. The purpose of the proposed Article 16, Paragraph 2 is to establish a provision to limit the scope of matters to be included in the paper copy to be sent to shareholders who have requested it.
  3. The provisions related to the internet disclosure and deemed provision of reference documents for the general meeting of shareholders, etc. (Article 16 of the current Articles of Incorporation) will become unnecessary and will therefore be deleted.
  4. In line with the above establishment and deletion of the provisions, supplementary provisions related to the effective date, etc. shall be established.

2. Details of amendments

The details of the proposed amendments are as follows.

(Amended parts are underlined.)

Current Articles of Incorporation

Proposed Amendments

Chapter 3 General Meeting of Shareholders

Chapter 3 General Meeting of Shareholders

(Internet Disclosure and Deemed Provision of

Reference Documents for the General Meeting of

Shareholders, Etc.)

Article 16 The Company may, when convening a

(Deleted)

general meeting of shareholders, deem that it has

provided information to shareholders pertaining

to matters to be described or indicated in the

reference documents for the general meeting of

shareholders, business report, non-consolidated

financial statements, and consolidated financial

statements, by disclosing such information

through the internet in accordance with the

provisions provided in the Ordinance of the

Ministry of Justice.

(Measures for Electronic Provision, Etc.)

(New establishment)

Article 16 The Company shall, when convening a

general meeting of shareholders, provide

information contained in the reference

documents for the general meeting of

shareholders, etc. electronically.

2. Among the matters to be provided

electronically, the Company may choose not to

include all or part of the matters stipulated in

the Ordinance of the Ministry of Justice in the

paper copy to be sent to shareholders who have

requested it by the record date for voting rights.

- 3 -

Current Articles of Incorporation

Proposed Amendments

Supplementary provisions

(New establishment)

1. Amendments to Article 16 (Internet Disclosure

and Deemed Provision of Reference Documents

for the General Meeting of Shareholders, Etc.)

shall come into effect on September 1, 2022

(the "Effective Date"), which is the date of

enforcement of the amended provisions

stipulated in the proviso of Article 1 of the

supplementary provisions of the Act Partially

Amending the Companies Act (Act No. 70 of

2019).

2. Notwithstanding the provisions of the preceding

paragraph, Article 16 of the current Articles of

Incorporation shall remain in force with respect

to a general meeting of shareholders to be held

on a date within six months from the Effective

Date.

3. These supplementary provisions shall be deleted

after the lapse of six months from the Effective

Date or the lapse of three months from the date

of the general meeting of shareholders set forth

in the preceding paragraph, whichever is later.

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Proposal 2: Election of ten (10) Directors

The term of office of all ten (10) Directors will expire at the conclusion of this year's Annual General Meeting of Shareholders. Accordingly, the election of ten (10) Directors is proposed.

The candidates are as follows:

Attendance at

No.

Name

Positions and responsibilities at the Company

the Board of

Directors

meetings

1

Representative Director, President and CEO

100%

Masashi Kimura

Reappointment

Member, Nomination and Remuneration Advisory

(17/17)

Committee

2

Akihisa Omori

Managing Director, Managing Executive Officer

100%

Reappointment

(17/17)

3

Takanori Arata

Managing Director, Managing Executive Officer

100%

Reappointment

(17/17)

4

Hirofumi

Managing Director, Managing Executive Officer

100%

Reappointment

Ikegawa

(17/17)

5

Yoji Inoue

Director, Managing Executive Officer

100%

Reappointment

(13/13)

6

Fumihiko

Director, Managing Executive Officer

100%

Reappointment

Araake

(13/13)

External Director

7

Koki Morinaga

Reappointment

100%

External Director

Acting Chair, Nomination and Remuneration

(13/13)

Independent

Advisory Committee

8

Mayumi

Reappointment

92%

External Director

External Director

Yamamoto

(12/13)

Independent

External Director

9

Muneaki Kiyota

Reappointment

100%

External Director

Member, Nomination and Remuneration Advisory

(13/13)

Independent

Committee

External Director

10

Masayuki

Reappointment

100%

External Director

Member, Nomination and Remuneration Advisory

Itagaki

(13/13)

Independent

Committee

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JCU Corporation published this content on 06 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 June 2022 10:41:09 UTC.