Futaba : NOTICE OF THE 81st 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 6, 2024

(Start Date of Electronic Provision Measures: June 5, 2024)

To Our Shareholders

Motoaki Arima

President and Representative Director,

Chief Executive Officer

Futaba Corporation

629 Oshiba, Mobara, Chiba, Japan

NOTICE OF THE 81st ORDINARY GENERAL MEETING OF

SHAREHOLDERS

We are pleased to notify you that the 81st 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 81st 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 5:15 p.m. on Wednesday, June 26, 2024 (Japan Time).

1. Date and Time: Thursday, June 27, 2024, 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 81st Fiscal Year (from April 1, 2023 to March 31, 2024) and results of audits by the Accounting Auditor and the Audit and Supervisory Committee of the Consolidated Financial Statements
2. Non-ConsolidatedFinancial Statements for the 81st Fiscal Year (from April 1, 2023 to March 31, 2024)

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[Translation for Reference and Convenience Purposes Only]

Proposals to be resolved:

Proposal 1: Appropriation of Surplus

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

Matters Decided for the Convocation

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. 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. • Systems to Secure the Properness of Business Activities and the Status of Implementation of the Systems
   • Consolidated Statement of Changes in Equity
   • Notes to the Consolidated Financial Statements
   • Non-ConsolidatedStatement of Changes in Equity
   • 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 on the Internet.
5. If you attend the meeting in a wheelchair, please call us by 5:15 p.m. on Monday, June 24, 2024, for us to prepare the venue accordingly.
   Telephone number: 0475-24-1111 (main phone number)
6. Other information for shareholders will be posted on the Company's website. 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 ¥5 per share as the year-end dividend for the 81st fiscal year.

The annual dividend per share for the fiscal year under review, including the interim dividend of ¥5 per share already paid out, will be ¥10 per share.

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

¥5 per common share of the Company	¥212,080,910 (total amount)
(3) Effective date of dividends from surplus
June 28, 2024

(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 five 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.

Therefore, the Company proposes the election of five 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
				President and
				Representative		100%
1	[Re-elected]	Motoaki Arima	(Male)	Director	8	(15 out of 15
				Chief Executive		meetings)
				Officer
				Director
				Senior Managing		100%
2	[Re-elected]	Toshihide Kimizuka	(Male)	Executive Officer	8	(15 out of 15
				Assistant to the		meetings)
				President
				Director
				Managing		100%
				Executive Officer
3	[Re-elected]	Masaharu Tomita	(Male)	1	(11 out of 11
General-Manager,
					meetings)
				Corporate Planning
				Division
	[Re-elected]
	[Outside					100%
4	Director]	Takemitsu Kunio	(Male)	Outside Director	5	(15 out of 15
	[Independent					meetings)
	Officer]
	[Re-elected]
	[Outside					93%
5	Director]	Masako Tanaka	(Female)	Outside Director	2	(14 out of 15
	[Independent					meetings)
	Officer]

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[Translation for Reference and Convenience Purposes Only]

			Candidates for Directors
	Name		Career summary, position, assignments and	Number of the
No.		shares of the
(Date of birth)			significant concurrent positions
			Company held
		Mar. 1984	Joined the Company
		Jan.	2007	Temporarily transferred to FUTABA
				Corporation of America; President
		Oct.	2009	Group-Manager, Business Strategy Group,
				Corporate Planning Division
		Jun.	2011	Executive Officer; General-Manager, Corporate
				Planning Division
		Jun.	2013	Senior Executive Officer; Deputy General-
				Manager, Electronic Components Division
	Motoaki Arima	Jul.	2014	Senior Executive Officer; General-Manager,
	(December 17, 1960)			Electronic Device Business Center	75,700
	[Re-elected]	Jan.	2016	Senior Executive Officer; General-Manager,	shares
			Touch Panel Business Center
		Jun.	2016	Director; Managing Executive Officer in charge
1				of Electronic Components and Electronic
			Systems; General-Manager, Touch Panel
				Business Center
		Jun.	2017	Director responsible for Business and
				Development Division
		Jun.	2019	Representative Director and President
		Jul.	2023	President and Representative Director; Chief
				Executive Officer (to present)
	Reasons for recommendation of candidate for Director
	At the Company, Mr. Motoaki Arima has served as the President of a U.S. subsidiary, and has been
	involved in corporate planning and business divisions. As such, he has extensive experience and a
	proven track record.
	He has led the strengthening of competitiveness across business divisions overall as a Director since
	June 2016 and has been taking leadership as the Representative Director and President since June 2019.
	The Company recommends him as a candidate for Director because the Company believes that he will
	continue to make managerial decisions from a company-wide perspective toward its sustainable growth
	and improvement of medium- to long-term corporate value.

Note: There are no special interests between Mr. Motoaki Arima and the Company.

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[Translation for Reference and Convenience Purposes Only]

	Name		Career summary, position, assignments and		Number of the
No.			shares of the
(Date of birth)			significant concurrent positions
				Company held
		Apr. 1986	Joined the Company
		Jul.	2007	Group-Manager, Personnel Group, Corporate
				Finance & Administration Division
		Aug. 2009	Group-Manager, Finance & Accounting Group,
				Corporate Finance & Administration Division
		Jun.	2010	Executive Officer; Group-Manager, Finance &
				Accounting Group, Corporate Finance &
				Administration Division
		Jun.	2014	Senior Executive Officer; Group-Manager,
				Business Planning Group, Corporate Planning
				Division
		Jul.	2014	Senior Executive Officer; General-Manager,
	Toshihide Kimizuka			Corporate Administration Division
	(May 2, 1962)	Apr. 2015	Senior Executive Officer; General-Manager,		27,400
				Corporate Administration Division		shares
	[Re-elected]			*The position name in Japanese has changed
				(due to promotion).
2		Jun.	2016	Director; Managing Executive Officer; General-
			Manager, Corporate Administration Division
		Jul.	2016	Director; Managing Executive Officer in charge
				of Administration, Personnel and Finance &
				Accounting
		Jun.	2017	Director responsible for Administration
				Division
		Jun.	2020	Senior Managing Director responsible for
				Administration Division
		Jul.	2023	Director; Senior Managing Executive Officer;
				Assistant to the President (to present)
	Reasons for recommendation of candidate for Director
	At the Company, Mr. Toshihide Kimizuka has been involved mainly in the Personnel and Finance &
	Accounting Divisions, and has extensive experience and a track record in the Company's administration
	divisions.
	He has led the strengthening of corporate governance, etc. as a Director since June 2016.
	The Company recommends him as a candidate for Director because the Company believes that he will
	continue to make managerial decisions from a company-wide perspective toward its sustainable growth
	and improvement of medium- to long-term corporate value.
Note: There are no special interests between Mr. Toshihide Kimizuka and the Company.

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[Translation for Reference and Convenience Purposes Only]

	Name		Career summary, position, assignments and	Number of the
No.		shares of the
(Date of birth)			significant concurrent positions
			Company held
		Apr. 1990	Joined the Company
		Oct.	2006	Temporarily transferred to FUTABA (Europe)
				GmbH; President
		May 2009	Temporarily transferred to FUTABA
				Corporation of America; President
		Jan.	2016	Executive Officer; General-Manager, Electronic
	Masaharu Tomita			Device Business Center
	(April 10, 1967)	Jun.	2017	Executive Officer; General-Manager, System	7,000
				Solution Business Center	shares
	[Re-elected]	Oct.	2019	Executive Officer; General-Manager, Corporate
				Planning Division
3		Jun.	2023	Director; General-Manager, Corporate Planning
			Division
		Jul.	2023	Director; Managing Executive Officer; General-
				Manager, Corporate Planning Division (to
				present)
	Reasons for recommendation of candidate for Director
	At the Company, Mr. Masaharu Tomita has served as the President of a U.S. and a European subsidiary,
	and has been involved in corporate planning and business divisions. As such, he has extensive
	experience and a proven track record.
	He has led the overall corporate planning, including the structural reform of businesses, as a Director
	since June 2023. The Company recommends him as a candidate for Director because the Company
	believes that such experience will be necessary for its efforts toward sustainable growth and
	improvement of medium- to long-term corporate value.

Note: There are no special interests between Mr. Masaharu Tomita and the Company.

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[Translation for Reference and Convenience Purposes Only]

	Name		Career summary, position, assignments and	Number of the
No.		shares of the
(Date of birth)			significant concurrent positions
			Company held
		Dec. 1982	Joined NEC Corporation
		Jul.	1995	General Manager, Ultra Large Scale Integrated
				Circuits Research Department, Microelectronics
				Research Laboratories, NEC Corporation
		Apr. 2001	General Manager, Research Planning Division,
				Central Research Laboratories, NEC
	Takemitsu Kunio			Corporation
	(January 5, 1955)	Jan.	2004	Associate Senior Vice President, Executive
				General Manager, Central Research	7,400
	[Re-elected]			Laboratories, NEC Corporation	shares
	[Outside Director]	Apr. 2010	Senior Vice President, NEC Corporation
	[Independent Officer]	Jun.	2010	Senior Vice President and Member of the
4				Board, NEC Corporation
	Jun.	2011	Senior Vice President, NEC Corporation
		May 2013	Associate Senior Vice President, NEC
				Corporation
		Apr. 2017	Advisor, NEC Corporation (Retired)
		Jun.	2019	Outside Director of the Company (to present)
	Reasons for recommendation of candidate for Outside Director and outline of expected roles
	Mr. Takemitsu Kunio has extensive experience and a broad perspective in technological development
	and its commercialization, creation and development of new business areas, business management, and
	other areas at a major electronics manufacturer. Since June 2019, as an Outside Director of the
	Company, he has provided meaningful opinions and advice for the development of business overall.
	The Company recommends him as a candidate for Outside Director because the Company believes that
	he will continue to offer precious recommendations for its efforts toward sustainable growth and
	improvement of medium- to long-term corporate value.
Notes: 1. There are no special interests between Mr. Takemitsu Kunio and the Company.

1. Mr. Takemitsu Kunio is currently in office as an Outside Director of the Company and will have served for five years as an Outside Director at the end of this General Meeting of Shareholders.
2. Mr. Takemitsu Kunio served at NEC Corporation. Although the Company has transactions with NEC Corporation such as product sales, the amount of transactions accounts for less than 0.01% of the respective consolidated net sales of the Company and NEC Corporation. The Company therefore judges that such a transactional relationship does not have an effect on the independence of Mr. Takemitsu Kunio.
3. The Company has entered into an agreement with Mr. Takemitsu Kunio pursuant to the provisions of Article 427, Paragraph 1 of the Companies Act to limit his liability for damages to the Company as stipulated in Article 423, Paragraph 1 of the said Act to the limit specified by laws and regulations, and plans to continue such agreement if he is re-elected.
4. The Company has registered Mr. Takemitsu Kunio as an independent officer with the Tokyo Stock Exchange pursuant to the regulations of the Tokyo Stock Exchange. If Mr. Takemitsu Kunio is re- elected, the Company plans to re-nominate him as an independent officer.

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[Translation for Reference and Convenience Purposes Only]

	Name		Career summary, position, assignments and	Number of the
No.		shares of the
(Date of birth)			significant concurrent positions
			Company held
		Apr. 1981	Joined Furukawa Electric Co., Ltd.
		Apr. 2015	Corporate Vice President, General Manager,
				Legal Department, Administration & CSR
				Division, Furukawa Electric Co., Ltd.
		May 2015	Corporate Vice President, Deputy General
				Manager, Strategy Division and Head of
				Working-style Reform Project Team,
				Furukawa Electric Co., Ltd.
		Oct.	2017	Corporate Vice President, Deputy General
				Manager, Strategy Division and General
	Masako Tanaka			Manager, Human Resource Department,
			Furukawa Electric Co., Ltd.
	(December 4, 1958)
	Apr. 2021	Corporate Vice President, Deputy General
			0
				Manager, Business Basic Transformation
	[Re-elected]			shares
			Division, Furukawa Electric Co., Ltd.
	[Outside Director]
	Jun.	2021	Outside Director (Audit and Supervisory
	[Independent Officer]
			Committee Member), Howa Machinery, Ltd.
5				(to present)
		Mar. 2022	Corporate Vice President, Furukawa Electric
				Co., Ltd. (Retired)
		Jun.	2022	Outside Director of the Company (to present)
		Oct. 2023	Outside Director, UCHIDA YOKO CO., Ltd.
				(to present)
		(Significant concurrent positions)
		Outside Director, UCHIDA YOKO CO., Ltd.
		Outside Director (Audit and Supervisory Committee
		Member), Howa Machinery, Ltd.
	Reasons for recommendation of candidate for Outside Director and outline of expected roles
	Ms. Masako Tanaka has extensive experience and a broad perspective in the human resource
	department, the CSR division, the legal department, etc. of a major non-ferrous metal manufacturer.
	Since June 2022, as an Outside Director of the Company, she has provided meaningful opinions and
	advice for the promotion of work-style reform and diversity.
	The Company recommends her as a candidate for Outside Director because the Company believes that
	she will continue to offer precious recommendations for its efforts toward sustainable growth and
	improvement of medium- to long-term corporate value.
Notes: 1. There are no special interests between Ms. Masako Tanaka and the Company.

1. Ms. Masako Tanaka is currently in office as an Outside Director of the Company and will have served for two years as an Outside Director at the end of this General Meeting of Shareholders.
2. Ms. Masako Tanaka served at Furukawa Electric Co., Ltd. Although the Company has transactions with Furukawa Electric Co., Ltd. such as product sales, the amount of transactions accounts for less than 0.01% of the respective consolidated net sales of the Company and Furukawa Electric Co., Ltd. The Company therefore judges that such transactional relationship does not have an effect on the independence of Ms. Masako Tanaka.
3. The Company has entered into an agreement with Ms. Masako Tanaka pursuant to the provisions of Article 427, Paragraph 1 of the Companies Act to limit her liability for damages to the Company as stipulated in Article 423, Paragraph 1 of the said Act to the limit specified by laws and regulations, and plans to continue such agreement if she is re-elected.
4. The Company has registered Ms. Masako Tanaka as an independent officer with the Tokyo Stock Exchange pursuant to the regulations of the Tokyo Stock Exchange. If Ms. Masako Tanaka is re- elected, the Company plans to re-nominate her as an independent officer.

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