Kanamoto : Notification and Invitation to the 57th Regular General Meeting of the Shareholders

Securities Code 9678

January 4, 2022

To Our Shareholders

1-19, Odori Higashi 3-chome

Chuo-ku, Sapporo, Hokkaido

060-0041, Japan

Tetsuo Kanamoto, President

Notification and Invitation to the 57th Regular General Meeting of the Shareholders

On behalf of the company, I would like to express our sincere appreciation for your continuing support.

It is a pleasure to send you notification of the 57th Regular General Meeting of the Shareholders of Kanamoto Company, Ltd., which will be convened at the time and location indicated below.

If you are unable to attend the Meeting, please take a few moments to read the following reference documents for the General Meeting of the Shareholders, and exercise your voting rights by using either of the procedures indicated below.

[To exercise your shareholder voting rights in writing (by mail)]

Shareholders who wish to exercise their voting rights using the Form for Exercising Voting Rights are requested to use the enclosed form to cast an affirmative or negative vote regarding the resolutions presented for approval. Please sign your voting form and return it to us by 5:00 p.m. on Wednesday, January 26, 2022 (Japan time).

[To exercise your shareholder voting rights by Internet]

Shareholders who wish to exercise their voting rights using the Internet are requested to exercise their voting rights to cast an affirmative or negative vote regarding the resolutions presented for approval by 5:00 p.m. on Wednesday, January 26, 2022 (Japan time).

• Please refer to the Instructions When Exercising of Voting Rights Using the Internet, etc. provided below on Page 15 to 16.

1.	Date and Time	Thursday, January 27, 2022, 10:00 a.m. (Reception desk will open from 9:00 a.m.)
2.	Location	11-1 Nishi, Kita 1-jo,Chuo-ku, Sapporo, Hokkaido, Japan
		Royton Sapporo, 3rd Floor "Royton Hall"

3. Purpose and Topics of the Meeting Matters to be reported

1. Report of Business Operations and the Consolidated Financial Statements, and the Report on Results of the Audit by the Accounting Auditor and the Board of Corporate Auditors on the Consolidated Financial Statements, for the 57th Business Period (from November 1, 2020 to October 31, 2021)
2. Report of the Company Financial Statements for the 57th Business Period (from November 1, 2020

to October 31, 2021)

Resolutions to be presented for Shareholder Approval

Resolution Appointment of fourteen (14) individuals to position of Director

－1－

• Exercise of voting rights by proxy

When you will exercise your voting rights by proxy, one (1) other shareholder with voting rights can attend the General Meeting of the Shareholders as your representative. However, your proxy will be required to present documentation to verify he/she has the authority to vote on your behalf.

• When attending the General Meeting of the Shareholders on the scheduled date, please submit the enclosed Form for Exercising Voting Rights at the reception desk on the meeting date.
• As part of the documents to be provided to shareholders when issuing this notification to convene a Regular General Meeting of the Shareholders, information pertaining to matters that should be disclosed in the Notes to the Consolidated Financial Statements and Notes to the Company Financial Statements will be provided to shareholders in the form of documents available on Kanamoto's Internet website [https://www.kanamoto.ne.jp] based on laws and regulations and Article 16 of Kanamoto's Articles of Incorporation.
  In addition to the matters described in the enclosed 57th Business Period Report of Business Operations, the matters that should be disclosed as Notes to the Consolidated Financial Statements and Notes to the Company Financial Statements are included as well in the Consolidated Financial Statements and Company Financial Statements that were audited when the Board of Corporate Auditors prepared its Audit Report and the Accounting Auditor prepared its Audit Report, respectively.
  In the event of revisions to the Reference Documents for the General Meeting of the Shareholders described below and the Report of Business Operations or Consolidated Financial Statements and the Company Financial Statements described in the 57th Business Period Report of Business Operations, the Company will publish the changes on its Internet website [https://www.kanamoto.ne.jp].

Request to voluntarily refrain from attending the General Meeting of the Shareholders to

prevent the spread of COVID-19

To prevent the spread of the novel coronavirus disease (COVID-19) we ask that all shareholders refrain from attending the General Meeting of the Shareholders. We ask that you exercise your voting rights in writing or by using the Internet.

The Company will be taking the following measures with regard to the holding and operating of the General Meeting of the Shareholders to prevent the spread of COVID-19. We appreciate your understanding and cooperation.

• The staff at the meeting will be wearing masks.
• Alcohol-basedhand sanitizer will be placed at the entrance of the meeting venue. All shareholders who attend the meeting are requested to bring and wear a mask.
• Because shareholders attending the meeting will be seated with spacing kept between each other in the meeting room, we ask that you follow the directions of the meeting staff.
• Because of the extra spacing between seats, the number of seats available at the venue will be much fewer compared with usual years. As a result, it is possible that some shareholders who come to the venue on the date of the meeting may be refused entry.
• Shareholders who display symptoms such as a fever or cough and shareholders who exhibit other states of poor health may be refused entry to the venue. In addition, the meeting staff may check the temperature of shareholders who come to the venue.
• The Company's officers attending the meeting may be wearing masks.
• The Company plans to omit detailed explanations of the matters to be reported (including the audit reports) and the resolutions to be presented to shorten the length of the meeting.

Note: If the above responses are updated before the meeting due to the situation regarding the spread of infection, details of announcements made by the government, etc., such information will be published on Kanamoto's Internet website [https://www.kanamoto.ne.jp]. Therefore, please be sure to check the website for any updates.

－2－

Reference Documents for the General Meeting of the Shareholders

Resolution Appointment of fourteen (14) individuals to position of Director

The term of office of fourteen (14) Company Directors will terminate at the conclusion of the Regular General Meeting of the Shareholders.

Therefore, the Company is requesting approval to appoint fourteen (14) individuals to the position of Directors.

Information on the candidates for Director is provided below.

Areas in which the Company has particular expectations of each Director

Nominee

Attribute of

Name

Dialogue

Rental

number

candidate

Corporate

business /

Grobal

Finance/

Legal/

Sales/

with capital

Management

industry

Business

Accountihg

Compliance

Marketing

markets

knowledge

1

Kanchu

Reappointment

●

●

●

●

●

●

Kanamoto

2

Tetsuo

Reappointment

●

●

●

●

●

●

Kanamoto

3

Hitoshi

Reappointment

●

●

●

Narita

4

Tatsuo

Reappointment

●

●

●

Kanamoto

5

Kazunori

Reappointment

●

●

●

●

Hashiguchi

6

Akira

Reappointment

●

●

Sannomiya

7

Jun

Reappointment

●

●

Watanabe

8

Shun

Reappointment

●

●

●

●

●

Hirose

9

Hideaki

Reappointment

●

●

●

●

Yamashita

10

Susumu

Reappointment

Outside

●

●

●

●

Naito

Independent

11

Eiji

Reappointment

Outside

●

●

●

●

Arita

Independent

12

Motoki

Reappointment

Outside

●

Yonekawa

Independent

13

Ayako

Reappointment

Outside

●

●

Tabata

Independent

14

Tetsuya

Reappointment

Outside

●

●

Okawa

Independent

(Notes) above matrix never represent all the knowledge and experience of each person

－3－

Nominee	Name		Employment history and position and duties at Kanamoto
number	(Date of birth)				(Main concurrent positions at other entities)
			April 1973		Joined Kanamoto Co., Ltd.
			November 1981	Promoted to Director
	Kanchu Kanamoto		January 1990	Promoted to Executive Director
		April 1996		Promoted to Executive Vice President
	(November 29, 1946)
		June 1998		Promoted to President and CEO
	[Reappointment]
		January 2001	Promoted to Corporate Officer
			November 2016	Promoted to Chairman of the Board and
						Representative Director (Present position)
	[Main concurrent positions at other entities]
1	Chairman of the Board, Kanamoto (China) Investment Co., Ltd.
	[The reason that the Company has proposed Kanchu Kanamoto as a candidate for Director]
	He has extensive experience and expertise regarding the business activities of the Company
	through executing the duties of Chairman of the Board and Representative Director of the
	Company. From the perspective of promoting the sustainable growth of the Company and
	enhancing the medium- to long-term corporate value, the Company has judged him to be suitable
	as a director of the Company and has continued to appoint him as a candidate for director.
	Number of shares of Kanamoto		Number of years in office		Attendance at Board of
	stock owned				Directors meetings
	489,600 shares				40years			5/5
			January 1983	Joined Kanamoto Co., Ltd.
			September 2000	Regional Manager, Construction Equipment
						Rental Division Kanto Region
			April 2001		Promoted to Corporate Officer
			November 2002	Division Manager, Construction Equipment
	Tetsuo Kanamoto					Rental Division
		January 2004	Promoted to Director
	(May 21, 1960)
		June 2005		General Manager, Business Coordination
	[Reappointment]
					Headquarters (Present position)
			April 2012		Promoted to Senior Corporate Officer
			November 2014	Promoted to Senior Vice President and
						Corporate Officer
			November 2016	Promoted to President and CEO and
						Corporate Officer (Present position)
2	[Main concurrent positions at other entities]
President and Representative Director, Toyo Industry Co., Ltd.
	Chairman of the Board and Representative Director, Unite Co., Ltd.
	Chairman of the Board and Representative Director, KG Flowtechno Co., Ltd.
	President and Representative Director, SOOKI HOLDINGS Co., Ltd.
	Chairman of the Board and Representative Director, Kanki Co., Ltd.
	[The reason that the Company has proposed Tetsuo Kanamoto as a candidate for Director]
	He has extensive experience and expertise regarding the business activities of the Company
	through executing the duties of President and CEO, and as well as the duties of the division
	manager of a Business Division. From the perspective of promoting the sustainable growth of
	the Company and enhancing the medium- to long-term corporate value, the Company has
	judged him to be suitable as a director of the Company and has continued to appoint him as a
	candidate for director.
	Number of shares of Kanamoto		Number of years in office		Attendance at Board of
	stock owned				Directors meetings
	17,487 shares				18years			5/5

－4－

Nominee	Name		Employment history and position and duties at Kanamoto
number	(Date of birth)				(Main concurrent positions at other entities)
			November 1981	Joined Kanamoto Co., Ltd.
			January 2000	Division Manager, Business Planning Division
	Hitoshi Narita					(now Management Planning Division)
					(Present position)
	(July 10, 1957)		January 2001	Promoted to Corporate Officer (Present
	[Reappointment]					position)
			January 2004	Promoted to Director (Present position)
			January 2021	Division Manager, Used Equipment Sales
						Division (Present position)
3
[The reason that the Company has proposed Hitoshi Narita as a candidate for Director]
	He has extensive experience and expertise regarding the business activities of the Company
	through executing the duties of the division manager of the Management Planning Division and
	Division Manager, Used Equipment Sales Division. From the perspective of promoting the
	sustainable growth of the Company and enhancing the medium- to long-term corporate value,
	the Company has judged him to be suitable as a director of the Company and has continued to
	appoint him as a candidate for director.
	Number of shares of Kanamoto		Number of years in office		Attendance at Board of
	stock owned				Directors meetings
	7,600 shares				18years			5/5
			April 1994		Joined Kanamoto Co., Ltd.
			April 2001		Regional Manager, Construction Equipment
						Rental Division Kinki-Chubu Region
			January 2003	Promoted to Corporate Officer (Present
						position)
			April 2003		Regional Manager, Construction Equipment
						Rental Division Tohoku Region
			April 2005		Regional Manager, Construction Equipment
	Tatsuo Kanamoto					Rental Division Hokkaido Region (Present
					position)
	(February 2, 1962)
		January 2007	Promoted to Director (Present position)
	[Reappointment]
		February 2012	Promoted to Deputy Division Manager,
						Construction Equipment Rental Division
			February 2014	General Manager, Steel Sales Division
			February 2016	Manager in charge of Steel Sales Division
4						(Present position)
		April 2016		Regional Manager, Construction Equipment
						Rental Division Kanto & Koshinetsu Region
			November 2016	Division Manager, Construction Equipment
						Rental Division (Present position)
	[The reason that the Company has proposed Tatsuo Kanamoto as a candidate for Director]
	He has extensive experience and expertise regarding the business activities of the Company
	through executing the duties of the division manager of the Construction Equipment Rental
	Division and the general manager of the Steel Sales Division. From the perspective of promoting
	the sustainable growth of the Company and enhancing the medium- to long-term corporate
	value, the Company has judged him to be suitable as a director of the Company and has
	continued to appoint him as a candidate for director.
	Number of shares of Kanamoto		Number of years in office		Attendance at Board of
	stock owned				Directors meetings
	90,600 shares				15years			5/5

－5－