Note: This document has been translated from 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: 6326

February 25, 2022

To Shareholders

Yuichi Kitao

President and Representative Director

KUBOTA Corporation

2-47, Shikitsuhigashi 1-chome,

Naniwa-ku, Osaka, 556-8601 Japan

CONVOCATION NOTICE FOR

THE 132ND ORDINARY GENERAL MEETING OF SHAREHOLDERS

Kubota Corporation hereby notifies you that the 132nd Ordinary General Meeting of Shareholders will be held as follows.

In order to prevent the spread of the novel coronavirus disease (COVID-19), you are strongly encouraged to exercise your voting rights prior to the meeting in writing or by using the Internet, and to refrain from attending the meeting in person, regardless of your own state of health. Kubota Corporation cordially requests that you make sure to study the reference materials annexed hereto, and exercise your voting rights by 5:00 p.m. on Thursday, March 17, 2022 (JST).

Date and time

Friday, March 18, 2022, at 10:00 a.m. (JST)

(Reception desk opens at 9:00 a.m.)

Place

Convention Hall of Kubota Corporation

2-47, Shikitsuhigashi 1-chome,Naniwa-ku, Osaka, Japan

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Matters for which the meeting is held

Matters to Be Reported

  1. Business report, the consolidated financial statements and the non- consolidated financial statements for the 132nd business term (from January 1, 2021 to December 31, 2021)
  2. The results of the audits of the consolidated financial statements by the Independent Auditor and by the Audit & Supervisory Board

Matters Requiring Resolutions

Proposal 1:

Partial Amendments to the Articles of Incorporation

Proposal 2:

Election of Ten Directors

Proposal 3:

Election of Four Audit & Supervisory Board Members

Proposal 4:

Election of One Substitute Audit & Supervisory Board Member

Proposal 5:

Bonus Payments for Directors

Proposal 6:

Revision to the Amount of Monetary Remuneration for Directors

Proposal 7:

Revision to the Amount of Monetary Remuneration for Audit & Supervisory Board Members

Proposal 8:

Determination of the Amount and Details of Stock Compensation, etc. for Directors

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Exercising Voting Rights

Exercise of voting rights prior to the Ordinary General Meeting of Shareholders

  • Exercise of voting rights by mail (in writing)
    Deadline for exercising voting rights:
    No later than Thursday, March 17, 2022, at 5:00 p.m. (JST)
    Please indicate your approval or disapproval on each of the proposals on the enclosed voting instruction card and return the said form to us so that it is received no later than the deadline for exercising your voting rights.
  • Exercise of voting rights via the internet
    Deadline for exercising voting rights:
    No later than Thursday, March 17, 2022, at 5:00 p.m. (JST)
    Please access the designated website for exercising your voting rights and indicate your approval or disapproval on each of the proposals no later than the deadline.
  • If you duplicate the vote by exercising the voting rights both in writing and via the internet, only the internet vote will be valid.

Designated site for exercising voting rights: https://www.web54.net

Attending the Ordinary General Meeting of Shareholders in person

  • Exercise of voting rights at the Ordinary General Meeting of Shareholders
    Date and time of the Ordinary General Meeting of Shareholders:
    Friday, March 18, 2022, at 10:00 a.m. (JST) (Reception desk opens at 9:00 a.m.)
    Please submit the enclosed voting instruction card at the reception desk at the venue. Please bring this document as well, as it contains the agenda for the meeting. Please note that anyone other than a shareholder who is entitled to exercise voting rights (e.g., non-shareholding proxy, person accompanying the shareholder) will not be allowed inside the venue.
  • Of the business report, the financial position and the results of operations, consolidated statement of changes in equity, notes to consolidated financial statements, statement of changes in net assets (non-consolidated) and notes to financial statements (non-consolidated) are posted on our following internet website in accordance with laws and regulations, and the provision in Article 16 of the Articles of Incorporation.
  • Of the business report, the financial position and the results of operations, consolidated statement of changes in equity, notes to consolidated financial statements, statement of changes in net assets (non-consolidated) and notes to financial statements (non-consolidated) are part of the consolidated financial statements and non- consolidated financial statements that were audited by the Independent Auditor and the Audit & Supervisory Board Members in preparing the audit reports.
  • Any revision of the reference materials for the meeting, business report, or the consolidated financial statements and the non-consolidated financial statements will be posted on our following internet website.

Website for Convocation Notices for General Meeting of Shareholders: https://www.kubota.com/ir/sh_info/meeting/convocation/index.html

For Institutional investors

For institutional investors, the electronic voting platform operated by ICJ, Inc., is available for exercising your voting rights for this meeting.

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REFERENCE MATERIALS FOR THE GENERAL MEETING OF SHAREHOLDERS

Proposals and Reference Information

Proposal 1: Amendment to the Articles of Incorporation

  1. Reasons for the Amendments
  1. To ensure that the object of the Company is in line with the current state of the Company's business and prepare for future business expansion, the Company proposes to amend Article 2 (Object) of the Articles of Incorporation.
  2. Since the revised provisions provided for in a 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, the Company proposes to make the following changes to its Articles of Incorporation in preparation for the introduction of the system for providing reference materials for the general meeting of shareholders in electronic format.
  1. Because the Company is obligated to stipulate in the Articles of Incorporation that it will take measures for providing information that constitutes the content of reference materials for the general meeting of shareholders, etc. in electronic format, the Company proposes to newly establish paragraph 1 of the proposed revision of Article 16 (Measures for providing information in electronic format, etc.).
  2. Among items for which the measures for providing information in electronic format will be taken regarding the information that constitutes the content of reference materials for the general meeting of shareholders, etc., because the Company may limit the scope of the items to be stated in the paper-based documents to be delivered to shareholders who requested the delivery of paper-based documents to the scope designated by the Ministry of Justice Order, the Company proposes to newly establish paragraph 2 of the proposed revision of Article 16 (Measures for providing information in electronic format, etc.).
  3. Upon the introduction of the system for providing reference materials for the general meeting of shareholders in electronic format, since the provisions for Article 16 (Disclosure via Internet and deemed furnishing of reference materials, etc. for General Meeting of Shareholders) of the current Articles of Incorporation will no longer be required, they will be deleted.
  4. The Company will establish supplementary provisions regarding the effective dates of the aforementioned new establishment and deletion of the provisions. The supplementary provisions shall be deleted after the specified date.
  1. In order to further strengthen the management system, the Company proposes to increase by three the maximum number of Directors set forth in Article 20 (Number of Directors and Method of Election) of the current Articles of Incorporation, changing it from ten to thirteen.
  1. Details of the amendments
    Details of the amendments are as follows:

(Amended parts are underlined)

Current Articles of Incorporation

Proposed amendments

Article 2.

(Object)

Article 2.

(Object)

The object of the Company shall be to engage in the

The object of the Company shall be to engage in the

following business:

following business:

1. to 14.

(Text omitted)

1. to 14.

(Unchanged)

15.

Operation of facilities for sports,lodging, training,

15.

Operation of facilities for lodging, training, health

health and medical care, recuperation and

and medical care, recuperation and recreation;

recreation;

16.

(Text omitted)

16.

(Unchanged)

17.

General leasing business;

17.

General leasing business, general rental

business, and intermediary business for leasing

and renting

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Current Articles of Incorporation

Proposed amendments

18. Personnel dispatching agency business;

18.

Personnel dispatching agency business and

intermediary business for personnel dispatching

19. to 22.

(Text omitted)

19. to 22.

(Unchanged)

(Newly established)

23.

Production, processing, and sale of agricultural

products

(Newly established)

24.

Agricultural services business, including

information processing and information provision

services business

(Newly established)

25.

Power generation business using renewable

energy, etc., and business related to provision,

sale, etc. of electricity

(Newly established)

26.

Carbon credit transaction business

(Newly established)

27.

Advertising business

(Newly established)

28.

Manufacture and sale of food products and

pharmaceutical ingredients

(Newly established)

29.

Manufacture and sale of processed food and

health food products

(Newly established)

30.

Manufacture, sale, and installation of food

production equipment

(Newly established)

31.

Sports-related entertainment, management of

clubs and facilities, planning and sale of products,

planning and implementation of outreach and

advertising activities, and other sports businesses

(Newly established)

32.

Investment in each business

23.

(Text omitted)

33.

(Unchanged)

24.

(Text omitted)

34.

(Unchanged)

Article 16. (Disclosure via Internet and deemed

(Deleted)

furnishing of reference materials, etc. for

General Meeting of Shareholders)

In convening a General Meeting of Shareholders, if

the Company discloses information to be stated or

indicated in reference materials, business reports,

financial statements and consolidated financial

statements for the General Meeting of Shareholders

through the Internet in compliance with the Ministry of

Justice Ordinance, the Company shall be deemed to

have furnished such documents to the shareholders.

(Newly established)

Article 16. (Measures for providing information in

electronic format, etc.)

1) When the Company convenes a General

Meeting of Shareholders, it shall take measures

for providing information that constitutes the

content of reference materials for the General

Meeting of Shareholders, etc. in electronic

format.

2) Among items for which the measures for

providing information in electronic format will be

taken, the Company may exclude all or some of

those items designated by the Ministry of

Justice Order from statements in the paper-

based documents to be delivered to

shareholders who requested the delivery of

paper-based documents by the record date of

voting rights.

Article 20. (Number of Directors and Method of

Article 20. (Number of Directors and Method of

Election)

Election)

1) The Company shall have no more than ten (10)

1) The Company shall have no more than thirteen

Directors, who shall be elected at a General

(13)Directors, who shall be elected at a

Meeting of Shareholders.

General Meeting of Shareholders.

2)

(Text omitted)

2)

(Unchanged)

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Kubota Corporation published this content on 18 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 February 2022 01:10:00 UTC.