Futaba : NOTICE OF THE 80th ORDINARY GENERAL MEETING OF SHAREHOLDERS

[Translation for Reference and Convenience Purposes Only]

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.

(Securities Code: 6986)

June 8, 2023

(Start Date of Electronic Provision Measures: June 7, 2023)

To Our Shareholders

Motoaki Arima

Representative Director and President

Futaba Corporation

629 Oshiba, Mobara, Chiba, Japan

NOTICE OF THE 80th ORDINARY GENERAL MEETING OF

SHAREHOLDERS

We are pleased to notify you that the 80th Ordinary General Meeting of Shareholders of the Company will be held as described below.

The Company has taken measures for electronic provision in convening this General Meeting of Shareholders and has posted the matters to be provided electronically on the website below as "NOTICE OF THE 80th

ORDINARY GENERAL MEETING OF SHAREHOLDERS."

The Company's website: https://www.futaba.co.jp/ir/library/005657

They are also posted on the website of the Tokyo Stock Exchange (TSE).

Please access the TSE website (Listed Company Search) shown below, enter "Futaba Corporation" in "Issue name (company name)" or "6986" (half-width characters) in "Code," and select "Basic information" and then "Documents for public inspection/PR information" to confirm the information listed there.

TSE website (Listed Company Search) https://www2.jpx.co.jp/tseHpFront/JJK020010Action.do?Show=Show

If you are unable to attend the meeting, you may exercise your voting rights via the internet or in writing. Please review the Reference Documents for the General Meeting of Shareholders below, and exercise your voting rights by no later than 5:00 p.m. on Wednesday, June 28, 2023 (Japan Time).

1. Date and Time: Thursday, June 29, 2023, at 10:00 a.m. (Reception desk opens at 9:00 a.m.)
2. Place:Hall, 3rd floor, Main Building of the Company

629 Oshiba, Mobara, Chiba Prefecture, Japan

3. Agenda of the Meeting:

Matters to be reported: 1. The Business Report, Consolidated Financial Statements for the 80th Fiscal

Year (from April 1, 2022 to March 31, 2023) and results of audits by the

Accounting Auditor and the Audit and Supervisory Committee of the

Consolidated Financial Statements

2. Non-Consolidated Financial Statements for the 80th Fiscal Year (from April 1, 2022 to March 31, 2023)

Proposals to be resolved:

Proposal 1: Appropriation of Surplus

Proposal 2: Election of Five Directors (Excluding Directors who are Audit and Supervisory

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[Translation for Reference and Convenience Purposes Only]

Committee Members)

Proposal 3: Election of Three Directors who are Audit and Supervisory Committee Members

Proposal 4: Election of One Substitute Director who is an Audit and Supervisory Committee Member

Matters Decided for the Convocation (Information on the Exercise of Voting Rights)

1. If you exercise your voting rights in writing (by mail) and provide no indication, on the Voting Rights Exercise Form, of approval or disapproval with regard to the proposals, you shall be considered to have expressed approval, which shall be handled accordingly.
2. If you exercise your voting rights both via the internet and in writing (by mail), the vote cast via the internet shall be treated as the valid vote, regardless of the date and time of arrival.
3. If you exercise your voting rights more than once via the internet, the last vote shall be treated as valid.

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[Translation for Reference and Convenience Purposes Only]

Notes:

1. If you plan to attend the meeting, please hand in your Voting Rights Exercise Form at the reception desk when you arrive at the venue.
2. For this General Meeting of Shareholders, we have decided to send all shareholders a written document including the matters to be provided electronically, regardless of whether or not they have requested the delivery of such a written document. In accordance with laws and regulations as well as Article 16 of the Company's Articles of Incorporation, the following items are not listed in the matters to be provided electronically. Accordingly, the above document constitutes part of the documents audited by the Audit and Supervisory Committee and the Accounting Auditor in preparing the audit reports.
3. • Notes to the Consolidated Financial Statements
   • Notes to the Non-Consolidated Financial Statements
4. Modifications, if any, to the matters to be provided electronically will be posted on the Company's website and the TSE website, both of which are listed above.
5. Other information for shareholders will be posted on the Company's website listed above. Please check our website for the latest information as necessary.

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[Translation for Reference and Convenience Purposes Only]

REFERENCE DOCUMENTS FOR THE GENERAL MEETING OF SHAREHOLDERS

Proposals and References

Proposal 1: Appropriation of Surplus Matters relating to year-end dividend

In comprehensive consideration of the business environment surrounding the Company, its basic policy of steady dividend payments and others, the Company proposes to pay ¥7 per share as the year-end dividend for the 80th fiscal year.

The annual dividend per share for the fiscal year under review, including the interim dividend of ¥7 per share already paid out, will be ¥14 per share.

1. Type of dividend property Cash
2. Appropriation of dividend property to shareholders and total amount

¥7 per common share of the Company	¥296,917,467 (total amount)
(3) Effective date of dividends from surplus
June 30, 2023

We plan to use capital surplus as the source of dividend.

(Reference)

• The Company's basic policy on dividend

The Company recognizes the return of profits as one of its most important managerial priorities and has a basic policy of steady and sustainable distribution of surplus to shareholders.

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[Translation for Reference and Convenience Purposes Only]

Proposal 2: Election of Five Directors (excluding Directors who are Audit and Supervisory Committee Members)

The terms of all six Directors (excluding Directors who are Audit and Supervisory Committee Members; hereinafter the same applies in this proposal) will expire at the conclusion of this General Meeting of Shareholders.

The Company has decided to revise its executive officer system in order to strengthen the supervisory function of Directors and clarify the business execution system by executive officers. Accordingly, the Company proposes to reduce the number of Directors by one and elect five Directors, including two Outside Directors. The candidates for Directors are as follows:

			Current position	Years in	Attendance at the
No.	Name	office as	meetings of the
and assignments
			Director	Board of Directors
			Representative		100%
1	[Re-elected]	Motoaki Arima	Director and	7	(16 out of 16
			President		meetings)
			Senior Managing		100%
2	[Re-elected]	Toshihide Kimizuka	Director responsible
7	(16 out of 16
for Administration
				meetings)
			Division
			Executive Officer
3	[Newly elected]	Masaharu Tomita	General-Manager,	-	-
Corporate Planning
			Division
	[Re-elected]				100%
4	[Outside Director]	Takemitsu Kunio	Outside Director	4	(16 out of 16
	[Independent Officer]				meetings)
	[Re-elected]				100%
5	[Outside Director]	Masako Tanaka	Outside Director	1	(12 out of 12
	[Independent Officer]				meetings)

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