Fuji : Notice of Convocation of the 77th Ordinary General Meeting of Shareholders and Relevant Business Information

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: 6134

June 7, 2023

FUJI CORPORATION

19 Chausuyama, Yamamachi, Chiryu, Aichi, Japan

Nobuyuki Soga, Chairman & CEO/President & COO

Notice of Convocation of the 77th Ordinary General Meeting of Shareholders

To Our Shareholders

We are pleased to announce that the 77th Ordinary General Meeting of Shareholders of FUJI CORPORATION (the "Company") will be held as detailed below.

When convening this general meeting of shareholders, the Company takes measures for providing information that constitutes the content of Reference Material for the General Meeting of Shareholders, etc. (excluding the Voting Card), (matters for which measures for providing information in electronic format are to be taken) in electronic format, and posts this information on the following websites. Please access the Company's website by using the internet address shown below to review the information.

[Company's website] https://www.fuji.co.jp/ir/stockinfo/ (in Japanese)

[General Meeting of Shareholders materials posted website] https://d.sokai.jp/6134/teiji/ (in Japanese)

[Tokyo Stock Exchange website (Listed Company Search)] https://www2.jpx.co.jp/tseHpFront/JJK010010Action.do?Show=Show (in Japanese)

(Access the TSE website by using the internet address shown above, enter "FUJI" in "Issue name (company name)" or the Company's securities code "6134" in "Code," and click "Search." Then, click "Basic information" and select "Documents for public inspection/PR information." Under "Filed information available for public inspection," click "Click here for access" under "[Notice of General Shareholders Meeting /Informational Materials for a General Shareholders Meeting].")

If you will not attend the meeting, you may exercise your voting rights via the internet or in writing (by postal mail). We request that you refer to the "Reference Material for the General Meeting of Shareholders," and exercise your voting rights by 6:00 p.m. on Wednesday, June 28, 2023. For information on how to exercise your voting rights, please refer to "Information on Exercise of Voting Rights" on page 3.

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Meeting Details

1. Date and Time: 10:00 a.m. on Thursday, June 29, 2023 (Reception is scheduled to start at 9:00 a.m.)
2. Venue:Grand Hall, 7th floor of the Corporate Headquarters

19 Chausuyama, Yamamachi, Chiryu, Aichi, Japan

3. Objectives of Meeting: Matters to be reported:

1. The Business Report and Consolidated Financial Statements for the 77th Fiscal Year (from April 1, 2022 to March 31, 2023) and the Results of Audits of the Consolidated Financial Statements by the Accounting Auditor and the Audit & Supervisory Board
2. Non-consolidatedFinancial Statements for the 77th Fiscal Year (from April 1, 2022 to March 31, 2023)

Matters to be resolved:

Proposal 1: Appropriation of Surplus

Proposal 2: Election of Seven Board Members

Proposal 3: Election of One Audit & Supervisory Board Member

Proposal 4: Election of One Substitute Audit & Supervisory Board Member

• When you attend the Meeting in person on the day, we kindly request you to submit the enclosed Voting Card to the reception desk at the meeting venue.
• When you exercise your voting rights in writing (by postal mail), if you do not indicate your approval or disapproval of a proposal on the voting form, it will be counted as a vote for approval of the proposal.
• When revisions are made to the provided electronic format measures, they will be posted on the respective websites listed on page 1.
• Please note that the Notice of Resolutions of the General Meeting of Shareholders will be posted on the Company's website (https://www.fuji.co.jp/) instead of being sent to you in writing.
• We ask that shareholders make their own judgments regarding the wearing of masks and other infection control measures on the day of the event, based on government policy and other factors.

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Information on Exercise of Voting Rights

Voting rights at the General Meeting of Shareholders are principal rights of shareholders.

Please exercise your voting rights after examining the attached Reference Material for the General Meeting of Shareholders.

You may exercise your voting rights by one of the following three methods.

Attending the General Meeting of		Exercising voting rights in		Exercising voting rights via the
	Shareholders		writing (by postal mail)		internet
Please submit the enclosed Voting		Please indicate your approval or		Please indicate your approval or
Card to the reception desk at the		disapproval of each proposal on the		disapproval of each proposal in
meeting venue.		enclosed Voting Card and post it		accordance with the instructions on
			without affixing a stamp.		the following page.
	Date and Time		Deadline		Deadline
10:00 a.m. on Thursday, June 29,		Must be received no later than 6:00		All data entry to be completed no
2023 (Reception is scheduled to		p.m. on Wednesday, June 28, 2023		later than 6:00 p.m. on Wednesday,
start at 9:00 a.m.)				June 28, 2023
	How to fill out the Voting Card
	Proposals 1, 3, and 4:
	If you approve:	Put a circle in the box marked "賛" [Approve].
	If you disapprove:	Put a circle in the box marked "否" [Disapprove].

Proposal 2:

If you approve all candidates:

If you disapprove all candidates:

If you selectively disapprove certain candidates:

Put a circle in the box marked "賛" [Approve]. Put a circle in the box marked "否" [Disapprove].

Put a circle in the box marked "賛" [Approve], and also write the candidate number for each candidate you disapprove.

Please note that your online vote will prevail should you exercise your voting rights both in writing (by postal mail) and via the internet. If you exercise your voting rights more than once via the internet, only the last vote shall be deemed valid.

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Guidance for Exercising Voting Rights via the Internet, Etc.

Scanning the QR Code

You can log in to the website for the exercise of voting rights without entering the login ID or temporary password printed on the Voting Card.

1. Please scan the QR Code printed on the Voting Card.

• "QR Code" is a registered trademark of DENSO WAVE INCORPORATED.

1. Please follow the directions that appear on the screen to input approval or disapproval to each proposal.

Entering login ID and temporary password

Voting website:

https://evote.tr.mufg.jp/

1. Please access the website for exercise of voting rights.
2. Log in by entering your "login ID" and "temporary password" presented on the Voting Card.
3. Register a new password.
4. Please follow the directions that appear on the screen to input approval or disapproval to each proposal.

If you have questions about the use of a

computer or smartphone for exercising your

vote via the internet, please contact:

Stock Transfer Agency (Help Desk), Mitsubishi UFJ Trust

and Banking Corporation

0120-173-027(Japanese-language only)

(Toll-free only from Japan / Hours: 9:00 a.m. to 9:00 p.m.)

Institutional investors may use the electronic voting platform for institutional investors operated by ICJ, Inc.

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Reference Material for the General Meeting of Shareholders

Proposal 1: Appropriation of Surplus

With regard to the Company's basic policy for profit distribution, we strive to maintain and continue a stable payout ratio of 30%, paying attention to capital demands for future business development as well as considering the continuous return of profits to shareholders as one of the most important management measures. Retained earnings are used for proactive investments for further growth and expansion, such as developing next-generation products and building a production structure, as well as to improve and strengthen the Company's business structure.

Based on the basic policy for profit distribution, we would like to propose to pay year-end dividends for the 77th business period as follows.

Details of the year-end dividends

1. Type of assets distributed as dividends: Cash
2. Allocation of assets distributed as dividends and the total amount thereof: ¥40 per share of the Company's common stock
   Please note that the total of the dividends will amount to ¥3,858,890,840.
   As a result, the annual dividend for the current fiscal year is ¥80 per share, including the interim dividend of ¥40.
3. Effective date of distribution from surplus: Friday, June 30, 2023

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