Daidoh : NOTICE OF THE 101st ORDINARY GENERAL MEETING OF SHAREHOLDERS

Note: This English translation is an abridged version of the original notice in Japanese. In the event of a discrepancy, the Japanese version shall prevail.

TO OUR SHAREHOLDERSJune 10, 2024 (Start date of electronic provision of materials: June 4, 2024)

Securities code: 3205

Daidoh Limited

1-16 Sotokanda 3-chome, Chiyoda- ku, Tokyo

NOTICE OF THE 101st ORDINARY GENERAL MEETING OF

SHAREHOLDERS

Dear Shareholder:

Please be informed that the 101st Ordinary General Meeting of Shareholders of Daidoh Limited (the "Company") will be held at 10:00 a.m. (the reception is scheduled to open at 9:00 a.m.) on Thursday, June 27, 2024, at Kanda Myoujin Hall on the 2nd floor of EDOCCO EDO Culture Complex, at 16-2 Sotokanda 2-chome,Chiyoda-ku, Tokyo. (Please note that the venue is different from last year's venue.).

When arriving at the meeting venue, please submit the enclosed Voting Form at the reception desk.

When convening this Ordinary General Meeting of Shareholders, the Company has taken measures for electronic provision of materials, and has posted the matters to be provided electronically as the "Notice of the 101st Ordinary General Meeting of Shareholders" on the website at the link below.

Our website: https://www.daidoh-limited.com/english/ir/meeting.html

In addition to the above, the information is also available on the following website. Please access the Tokyo Stock Exchange website below, enter "DAIDOH LIMITED" in "Issue name (company name)" or "3205" in "Code," click "Search" and select "Basic information," "Documents for public inspection/PR information," "Notice of General Shareholders Meeting/Informational Materials for a General Shareholders Meeting," and then confirm the information.

Tokyo Stock Exchange (TSE-Listed Company Search) Website: https://www2.jpx.co.jp/tseHpFront/JJK020010Action.do?Show=Show

The Company requests that you exercise your voting rights by using the proxy form enclosed with this Notice of the General Meeting of Shareholders. Please review the "Reference Materials for the Solicitation of Proxy Votes and Reference Materials for the Ordinary General Meeting of

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Shareholders" below, fill in the necessary sections of the proxy form enclosed with this Notice, affix your seal, and return the proxy form together with the Voting Form using the return envelope. Please make sure that it reaches us no later than 6:30 p.m. on Wednesday, June 26, 2024.

Souvenirs will not be provided to the shareholders attending the meeting. We appreciate your understanding.

Sincerely,

Tsukasa Nabewari

Representative Director

President & CEO

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MEETING AGENDA

Items to be Reported:

1. The Business Report, the Consolidated Financial Statements and the Report of the Audit of the Consolidated Financial Statements by Accounting Auditors and the Board of Corporate Auditors for the 101st term from April 1, 2023, to March 31, 2024, will be reported at the meeting.
2. The Non-consolidated Financial Statements for the 101st term from April 1, 2023, to March 31, 2024, will be reported at the meeting.

Items to be Resolved: (Company Proposals)

Item 1: Appropriation of Surplus

Item 2: Election of Six (6) Directors

Item 3: Introduction of Remuneration for Allotting Restricted Stock to Directors and Abolishment of the Stock Compensation-Type Stock Options for Directors and Corporate Auditors

(Shareholder Proposal)

Item 4: Election of Six (6) Directors

Item 4 is proposed by a shareholder, and the Board of Directors of the Company opposes this proposal.

Matters decided for the convening of the General Meeting of Shareholders

1. If you are exercising your voting rights by proxy, one shareholder with voting rights may attend the General Meeting of Shareholders as your proxy. In this case, (i) a document certifying the proxy's power of representation (a letter of proxy) and (ii) the shareholder's Voting Form, and certificate of the seal stamped on the letter of proxy, or a copy of passport, driver's license, health insurance card or any other document that identifies the shareholder must be submitted along with the Voting Form of the proxy. Please note that persons other than shareholders, such as proxies and accompanying persons who are not shareholders, are not permitted to attend the General Meeting of Shareholders.
2. If you exercise your voting rights in duplicate, by proxy and in writing (by postal mail) or via the Internet, the vote by proxy will be deemed valid.
3. If voting rights are exercised in duplicate, in writing (by postal mail) and via the Internet, the vote exercised via the Internet will be deemed valid.
4. If you exercise your voting rights more than once via the Internet, the last exercise of your voting rights will be deemed valid.

This document sent also serves as a document describing the matters for electronic provision of information based on document delivery request. The following items are excluded in accordance with laws and regulations and provisions of Article 16 of the Company's Articles of Incorporation.

1. "Consolidated Statement of Changes in Equity" in the Consolidated Financial Statements
2. "Notes to the Consolidated Financial Statements" in the Consolidated Financial Statements
3. "Non-consolidatedStatement of Changes in Equity" in the Non-consolidated Financial Statements
4. "Notes to the Non-consolidated Financial Statements" in the Non-consolidated Financial

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Statements

Therefore, the attached documents are a part of documents audited by the Corporate Auditors and the Accounting Auditor when they prepared the audit report.

In the event of any amendments to the electronic materials, a notice to that effect and details of such amendments will be posted on each of the websites where the materials are posted as mentioned above.

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CONSOLIDATED BALANCE SHEET

Daidoh Limited

As of March 31, 2024

	Millions of yen
Assets:
Current assets:	5,377
Cash and deposits
Notes receivable - trade	155
Accounts receivable - trade	2,515
Inventories	7,258
Other	2,021
Allowance for doubtful accounts	(84)
Total current assets	17,245
Non-current assets:	15,614
Property, plant and equipment:
Buildings, net	9,637
Structures, net	170
Machinery and equipment, net	180
Vehicles, net	12
Tools, furniture and fixtures, net	149
Land	5,436
Leased assets, net	21
Construction in progress	6
Intangible assets:	1,671
Software	208
Leased assets	21
Other	1,442
Investments and other assets:	6,350
Investment securities	4,567
Leasehold and guarantee deposits	1,532
Deferred tax assets	121
Other	408
Allowance for doubtful accounts	(278)
Total non-current assets	23,636
Total assets	40,882

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CONSOLIDATED BALANCE SHEET

Daidoh Limited

As of March 31, 2024

	Millions of yen
Liabilities:
Current liabilities:	1,473
Notes and accounts payable - trade
Short-term borrowings	6,571
Current portion of long-term borrowings	771
Lease liabilities	147
Income taxes payable	121
Contract liabilities	456
Deposits received	1,544
Provision for bonuses	325
Other	2,266
Total current liabilities	13,677
Non-current liabilities:	5,802
Long-term borrowings
Lease liabilities	1,490
Long-term guarantee deposits	2,066
Deferred tax liabilities	2,387
Retirement benefit liability	169
Other	641
Total non-current liabilities	12,558
Total liabilities	26,235
Net assets:	10,946
Shareholders' equity:
Share capital	6,891
Capital surplus	4,548
Retained earnings	1,764
Treasury shares	(2,258)
Accumulated other comprehensive income	2,835
Valuation difference on available-for-sale securities	1,467
Foreign currency translation adjustment	1,368
Share acquisition rights	195
Non-controlling interests	668
Total net assets	14,646
Total liabilities and net assets	40,882

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CONSOLIDATED STATEMENT OF INCOME

Daidoh Limited

For the year ended March 31, 2024

	Millions of yen
Net sales	28,697
Cost of sales	13,777
Gross profit	14,919
Selling, general and administrative expenses	15,362
Operating profit (loss)	(442)
Non-operating income:	485
Interest income	70
Dividend income	112
Foreign exchange gains	56
Commission income	78
Subsidy income	26
Other	141
Non-operating expenses:	379
Interest expenses	202
Commission expenses	85
Other	91
Ordinary profit (loss)	(336)
Extraordinary income:	471
Gain on sale of non-current assets	1
Gain on sale of investment securities	469
Extraordinary losses:	598
Loss on sale and retirement of non-current assets	29
Impairment losses	43
Loss on sale of investment securities	233
Business restructuring expenses	266
Other	26
Profit (loss) before income taxes	(463)
Income taxes - current	150
Income taxes - deferred	(935)
Profit (loss)	321
Profit (loss) attributable to non-controlling interests	29
Profit (loss) attributable to owners of parent	291

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NON-CONSOLIDATED BALANCE SHEET

Daidoh Limited

As of March 31, 2024

	Millions of yen
Assets:
Current assets:	2,482
Cash and deposits
Notes receivable - trade	84
Short-term loans receivable	9,145
Other	160
Allowance for doubtful accounts	(65)
Total current assets	11,806
Non-current assets:	116
Property, plant and equipment:
Buildings, net	36
Land	56
Other, net	23
Intangible assets:	43
Software	2
Other	41
Investments and other assets:	15,186
Investment securities	4,321
Shares of subsidiaries and associates	10,781
Other	242
Allowance for doubtful accounts	(158)
Total non-current assets	15,346
Total assets	27,153

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NON-CONSOLIDATED BALANCE SHEET

Daidoh Limited

As of March 31, 2024

	Millions of yen
Liabilities:
Current liabilities:	5,300
Short-term borrowings
Current portion of long-term borrowings	771
Accounts payable - other	37
Accrued expenses	48
Income taxes payable	27
Deposits received	10
Provision for bonuses	39
Other	11
Total current liabilities	6,245
Non-current liabilities:	5,802
Long-term borrowings
Long-term accounts payable - other	274
Deferred tax liabilities	533
Other	2
Total non-current liabilities	6,613
Total liabilities	12,859
Net assets:	12,508
Shareholders' equity:
Share capital	6,891
Capital surplus	4,959
Legal capital surplus	3,147
Other capital surplus	1,812
Retained earnings	2,916
Legal retained earnings	959
Other retained earnings	1,956
Retained earnings brought forward	1,956
Treasury shares	(2,258)
Valuation and translation adjustments	1,590
Valuation difference on available-for-sale securities	1,590
Share acquisition rights	195
Total net assets	14,294
Total liabilities and net assets	27,153

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NON-CONSOLIDATED STATEMENT OF INCOME

Daidoh Limited

For the year ended March 31, 2024

	Millions of yen
Operating revenue	1,202
Selling, general and administrative expenses	979
Operating profit (loss)	222
Non-operating income:	233
Interest and dividend income	220
Other	13
Non-operating expenses:	150
Interest expenses	110
Provision of allowance for doubtful accounts	20
Other	20
Ordinary profit (loss)	305
Extraordinary income:	469
Gain on sale of investment securities	469
Extraordinary losses:	233
Loss on sale of investment securities	233
Profit (loss) before income taxes	541
Income taxes - current	22
Income taxes - deferred	(42)
Profit (loss)	561

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