Keihin Corporation Nishi-Shinjuku, Shinjuku-ku, Tokyo

Transcription

1 This document has been translated from Japanese original for convenience of nonjapanese shareholders. In event of any discrepancy between this translation and Japanese original, original shall prevail. To our shareholders: Securities Code: 7251 June 6, 2018 Chitoshi Yokota President and CEO Keihin Corporation 1262 NishiShinjuku, Shinjukuku, Tokyo NOTICE OF THE 77TH ORDINARY GENERAL MEETING OF SHAREHOLDERS You are cordially invited to attend 77th Ordinary General Meeting of Shareholders of Keihin Corporation ( ), which will be held as described below. If you are unable to attend meeting in person, you may exercise your voting rights by postal mail or electronic means (Internet voting etc.), and are kindly requested to exercise your voting rights no later than 6:00 p.m., Thursday, June 21, 2018 (Japan Standard Time), after examining attached Reference Documents for General Meeting of Shareholders. Meeting Details 1. Date and Time: 10:00 a.m., Friday, June 22, 2018 (Reception opens at 9:00 a.m.) 2. Venue: Conference Room B, Nomura Conference Plaza, 48F Shinjuku Nomura Building 1262 NishiShinjuku, Shinjukuku, Tokyo 3. Purposes: Items to be Reported: Business Report, Consolidated Financial Statements and NonConsolidated Financial Statements for 77th Term (from April 1, to March 31, 2018), as well as results of audit of Consolidated Financial Statements by Accounting Auditor and Audit & Supervisory Board. Items to be Resolved: Proposal 1: Appropriation of surplus Proposal 2: Election of eleven (11) Directors Proposal 3: Election of one (1) Audit & Supervisory Board Member Proposal 4: Election of one (1) substitute Audit & Supervisory Board Member Notes: 1. If you exercise your voting rights both by postal mail and via Internet, we will only accept exercise of your voting rights via Internet as effective. 2. If you exercise your voting rights more than once via Internet, we will only accept last exercise of your voting rights as effective. 1

2 Reference Documents for General Meeting of Shareholders Proposals and Referential Matters Proposal 1: Appropriation of surplus The has positioned return of profits to shareholders as a key management priority. The adopts policy of determining payment of cash dividends from a longterm perspective while taking into account consolidated business performance and comprehensively considering future business developments. Guided by this policy, proposes yearend dividends for 77th Term and or appropriation of surplus as follows: 1. Matters related to yearend dividends (1) Allocation of dividend property and total amount reof 22 yen per common share of Total amount of dividends: 1,627,084,690 yen (2) Effective date of distribution of dividends of surplus June 25, Matters related to or appropriation of surplus (1) Item of surplus to be increased and amount of increase reof Dividend reserve: 1,470,000,000 yen General reserve: 5,780,000,000 yen (2) Item of surplus to be decreased and amount of decrease reof Retained earnings brought forward: 7,250,000,000 yen 2

3 Proposal 2: Election of eleven (11) Directors The tenures of eleven (11) Directors will expire at close of this General Meeting of Shareholders. Therefore, proposes that eleven (11) Directors, including two (2) Independent Directors, be elected. The candidates for Directors are as follows: No. Current position and responsibilities Attendance at Board of Directors 1 Chitoshi Yokota President & CEO 8/8 2 Hiroshi Seikai Senior Managing Officer and Director, Chief Operating Officer for Americas, Executive for North America 8/8 3 Genichiro Konno Managing Officer and Director, Chief Operating Officer for Production, Chief Operating Officer for Production Engineering, Executive for Investment, In charge of Quality Assurance 5/8 4 Hirohisa Amano Managing Officer and Director, Chief Operating Officer for Asia, Executive for New Business & Sales 8/8 5 Yusuke Takayama Managing Officer and Director, Chief Operating Officer for Airconditioning System Business 8/8 6 Tomoya Abe Managing Officer and Director, Risk Management Officer, Chief Operating Officer for R&D, Executive for Electrification 8/8 7 Hiroshi Nakatsubo Senior Operating Officer and Director, Chief Operating Officer for China 7/ Taro Mizuno Candidate for Independent Director [New election] Kenichi Nishizawa [New election] Shinji Suzuki [New election] Kohtaro Yamamoto Candidate for Independent Director * Independent Director Director * 8/8 Managing Officer, Chief Operating Officer for Business Management & Sales Senior Operating Officer, Compliance Officer, Chief Operating Officer for Business Administration, Executive for CSR 3

4 1 Chitoshi Yokota (February 4, 1958) 8/8 (100%) Joined Honda Motor Co., Ltd. Operating Officer, Honda R&D Co., Ltd. Officer responsible for Automobile Products, Automobile, Honda Motor Co., Ltd. Operating Officer, Honda Motor Co., Ltd. Executive in charge of Business Unit No. 2, Automobile, Honda Motor Co., Ltd. Managing Officer, Honda Motor Co., Ltd. Executive Vice President and Director, Honda North America Services, LLC Executive Vice President and Director, Honda of America Mfg., Inc. Representative for Automobile Development, Purchasing and Production (North America), Honda Motor Co., Ltd. Senior Executive Vice President and Director, Honda North America, Inc. President & CEO, Keihin Corporation s with 14,500 None 4

5 s with 2 Hiroshi Seikai (May 11, 1960) May May Joined Keihin Corporation Quality Overall Control Chief Operating Officer for Quality Assurance Director of Executive for Sales, Business Management & Sales Senior Operating Officer and Director of Deputy Compliance Officer Senior Operating Officer of Executive for Missions, Business Management & Sales Executive for Sales, Americas Deputy Operating Officer for North America Management President and Director, Keihin Aircon North America, Inc. Managing Officer of Deputy Operating Officer for Americas Executive for Sales, Americas Chief Operating Officer for Americas Chief Operating Officer for North America Management President, Keihin North America, Inc. President, Keihin Carolina System Technology, LLC. President, Keihin IPT Mfg, LLC. President and Director, Keihin North America, Inc. Managing Officer and Director of Chief Operating Officer for Americas Executive for North America Senior Managing Officer and Director of 13,900 Please see Note 1 below 8/8 (100%) President and Director, Keihin North America, Inc. 5

6 s with 3 Genichiro Konno (December 5, 1961) 5/8 (63%) May Joined Keihin Corporation Executive for Production Engineering, Production Director of Senior Operating Officer and Director of Chief Operating Officer for China Chairman, Nanjing Keihin Carburetor Co., Ltd. Managing Officer and Director of Chairman, Dongguan Keihin Engine Management System Co., Ltd. Risk Management Officer of Chief Operating Officer for Production Chief Operating Officer for Production Executive for Investment & Cost Management In charge of China Chief Operating Officer for Production Executive for Investment & Cost Management In charge of Quality Assurance Chief Operating Officer for Production Chief Operating Officer for Production Engineering Executive for Investment In charge of Quality Assurance 11,600 None 4 Hirohisa Amano (October 18, 1962) May Joined Keihin Corporation Executive for Business Administration, Asia Director of Senior Operating Officer and Director of Senior Operating Officer of Chief Operating Officer for Asia President and Director, Keihin Asia Bangkok Co., Ltd. Senior Operating Officer and Director of Managing Officer and Director of Chief Operating Officer for Asia Executive for New Business & Sales 10,700 None 8/8 (100%) President and Director, Keihin Asia Bangkok Co., Ltd. 6

7 5 Yusuke Takayama (February 25, 1961) 8/8 (100%) Joined Honda Motor Co., Ltd. Chief Engineer, Honda R&D Co., Ltd. Operating Officer, Keihin Corporation Executive for Strategies, R&D Senior Operating Officer of Chief Operating Officer for R&D Executive for Corporate Planning Office Chairman, Keihin R&D China Co., Ltd. Senior Operating Officer and Director of Managing Officer and Director of Chief Operating Officer for R&D Chief Operating Officer for Business Management & Sales Executive for Corporate Planning Office Chief Operating Officer for Business Management & Sales Executive for Sales In charge of Quality Assurance In charge of Americas Chief Operating Officer for Business Management & Sales Chief Operating Officer for Airconditioning System Business Chairman, KeihinGrand Ocean Thermal Technology (Dalian) Co., Ltd. Chairman, KeihinGrand Ocean Thermal Technology (Dalian) Co., Ltd. s 10,000 with Please see Note 2 below 7

8 6 Tomoya Abe (January 31, 1961) 8/8 (100%) Nov Joined Honda Motor Co., Ltd. Seconded to Honda Cars India Ltd. Operating Officer, Keihin Corporation Deputy Operating Officer for R&D Executive for Mechanics Production Deputy Operating Officer for R&D Executive for Mechanics Production Executive for Advanced Technology Research Department Senior Operating Officer of Chief Operating Officer for R&D Executive for Advanced Technology Research Department Executive for Corporate Planning Office Chairman, Keihin R&D China Co., Ltd. Senior Operating Officer and Director of Managing Officer and Director of Chief Operating Officer for R&D Risk Management Officer Chief Operating Officer for R&D Executive for Electrification Chairman, Keihin R&D China Co., Ltd. s with 6,200 None 8

9 7 Hiroshi Nakatsubo (July 12, 1961) Jan Joined Keihin Corporation General Manager, Production Planning Department, Production Operating Officer of Deputy Compliance Officer Executive for Business Planning, Business Management & Sales Executive for Automobile Localization, Automotive Product Business Managements General Manager, Automotive Product Business Planning Department Executive for Business Planning, Business Management & Sales Executive for Automobile Localization, Automotive Product Business Managements Category Representative, Automotive Product Business Managements General Manager, Automotive Product Business Planning Department Executive for Business Planning, Business Management & Sales Chief Operating Officer for Automotive Product Business Management Executive for Automobile Localization, Automotive Product Business Managements Category Representative, Automotive Product Business Managements Executive for Business Planning, Business Management & Sales Chief Operating Officer for Automotive Product Business Management Executive for Automobile Localization, Automotive Product Business Managements Senior Operating Officer of Chief Operating Officer for China Chairman, Nanjing Keihin Carburetor Co., Ltd. Chairman, Dongguan Keihin Engine Management System Co., Ltd. Chairman, Keihin (Wuhan) Automotive Components Co., Ltd. Senior Operating Officer and Director of s with 4,300 None 7/7 (100%) Chairman, Nanjing Keihin Carburetor Co., Ltd. Chairman, Dongguan Keihin Engine Management System Co., Ltd. Chairman, Keihin (Wuhan) Automotive Components Co., Ltd. 9

10 8 Candidate for Independent Director Taro Mizuno (December 10, 1952) 2006 Jun Joined Fujitsu Limited Vice President for SCM Solution Division, Systems Engineering Group, Fujitsu Limited Deputy Head of Automotive Industry Business Unit, Fujitsu Limited Head of Solution Business Unit, Fujitsu Limited Corporate Executive Officer, Fujitsu Marketing Limited Director and Corporate Executive Officer for Fujitsu Marketing Limited Director, Keihin Corporation * Adviser, Fujitsu Marketing Limited Nonpermanent Adviser, Fujitsu Marketing Limited President & Director, FCOM SERVICES CO., LTD. s with 500 None 8/8 (100%) * years served as an Independent Director (as of close of this Meeting) 3 years President & Director, FCOM SERVICES CO., LTD. 10

11 9 [New election] Kenichi Nishizawa (November 6, 1959) Jul Joined Honda Motor Co., Ltd. General Manager, Technology Development Division No. 2, Motorcycle R&D Center, Honda R&D Co., Ltd. Operating Officer, Keihin Corporation Executive for Motorcycle & Power Product Business, Business Management & Sales Executive for Motorcycle & Power Product Business, Business Management & Sales Executive for Motorcycle & Power Product Sales, Business Management & Sales Senior Operating Officer of Chief Operating Officer for Motorcycle & Power Product Business, Business Management & Sales Deputy Operating Officer for R&D Director, Keihin Sales and Development Europe GmbH Chief Operating Officer for Motorcycle & Power Product Business, Business Management & Sales of Deputy Operating Officer for R&D Executive for Motorcycle & Power Product, R&D Managing Officer of Chief Operating Officer for Motorcycle & Power Product Business, Business Management & Sales Deputy Operating Officer for R&D Executive for Motorcycle & Power Product, R&D In charge of Asia Deputy Operating Officer for Business Management & Sales Executive for Motorcycle & Power Product, R&D Chief Operating Officer for Business Management & Sales s with 10,600 None 10 [New election] Shinji Suzuki (April 18, 1963) Joined Honda Motor Co., Ltd. General Manager, Affiliated Companies Affairs Office, Honda Motor Co., Ltd. General Manager, Finance Division, Honda Motor Co., Ltd. Independent Director, Honda Finance Co., Ltd. General Manager, Regional Operation Planning Division (Japan), Honda Motor Co., Ltd. Independent Director, Honda Motorcycle Japan Co., Ltd. Independent Director, Honda Power Products Japan Co., Ltd. Senior Operating Officer, Keihin Corporation Compliance Officer Chief Operating Officer for Business Administration Executive for CSR 3,000 None 11

12 1985 Registered as Japanese Attorney s with [New election] Candidate for Independent Director Sep. Jan Admitted to New York State Bar Association Established Yamamoto & Shibasaki Law Offices 11 Kohtaro Yamamoto (October 19, 1955) 2007 Independent Audit & Supervisory Board Member, PARIS MIKI HOLDINGS Inc. None Attorney, Yamamoto & Shibasaki Law Offices Independent Audit & Supervisory Board Member, PARIS MIKI HOLDINGS Inc. Notes: 1. Hiroshi Seikai (candidate for Director) concurrently serves as President and Director of Keihin North America, Inc., which is in a competitive relationship with with respect to sale of motorcycle products and generalpurpose products, and engages in sales transactions of components with. As a regional headquarters, Keihin North America, Inc. owns Keihin Carolina System Technology, LLC., Keihin IPT Mfg, LLC., and Keihin Michigan Manufacturing, LLC., all of which are in a competitive relationship with with respect to manufacture and sale of automobile products and engage in sales transactions of components with. 2. Yusuke Takayama (candidate for Director) concurrently serves as Chairman of KeihinGrand Ocean Thermal Technology (Dalian) Co., Ltd. This company is in a competitive relationship with with respect to manufacture and sale of automobile products, and engages with this company in sales transactions of components. 3. Taro Mizuno and Kohtaro Yamamoto are candidates for Independent Directors. 4. The reasons for selecting candidates for Independent Directors and reasons why believes that candidates will perform ir duties appropriately are as follows: (1) Taro Mizuno has developed deep insights through his practical experience in automobilerelated business divisions and his experience as a business administrator. Drawing on his insights, he has appropriately performed his duties for, which include business judgments and supervision, from a neutral and objective perspective. On this basis, believes that he will appropriately perform his duties as Independent Director; refore, it has nominated him for reelection as Independent Director. (2) Kohtaro Yamamoto has experience and specialist knowledge in corporate law, having practiced as an attorney in Japan and overseas. On this basis, has nominated him for election as Independent Director. He has never in past been involved in management of a company except as an outside officer. However, judges based on above reasons that he will appropriately perform his duties as Independent Director, which include business judgments and supervision, from a neutral and objective perspective. 5. Pursuant to Article 427, Paragraph 1 of Companies Act and provisions of Articles of Incorporation, has concluded a limited liability agreement with Taro Mizuno that limits his liabilities as provided in Article 423, Paragraph 1 of said Act up to minimum amount stipulated in Article 425, Paragraph 1 of said Act. If his reelection is approved, intends to continue said liability agreement with him. If Kohtaro Yamamoto s election is approved,, pursuant to Article 427, Paragraph 1 of Companies Act and provisions of Articles of Incorporation, intends to conclude a limited liability agreement with him that limits his liabilities as provided in Article 423, Paragraph 1 of said Act up to minimum amount stipulated in Article 425, Paragraph 1 of said Act. 6. The has registered Taro Mizuno with Tokyo Stock Exchange as Independent Officer. If his reelection is approved, intends to reregister him as Independent Officer. Furrmore, Kohtaro Yamamoto satisfies requirements for an Independent Officer as provided for by Tokyo Stock Exchange. If his election is approved, intends to register him with aforementioned exchange as Independent Officer. 7. As a result of a merger on April 1, 1997, Keihin Seiki Manufacturing Co., Ltd. and egiken Co., Ltd. became surviving company and merged company, respectively. In field, se companies are expressed as and Keihin Corporation. 12

13 Proposal 3: Election of one (1) Audit & Supervisory Board Member The term of office of Audit & Supervisory Board Member, Yasuhiko Narita, will expire at conclusion of this General Meeting of Shareholders. Therefore, proposes that one (1) Audit & Supervisory Board Member be newly elected. The Audit & Supervisory Board has given its consent to this proposal. The candidate for Audit & Supervisory Board Member is as follows: [New election] Candidate for Independent Audit & Supervisory Board Member Yuichiro Mori (January 6, 1968) Jul Dec Jul. Resume, current position Registered as Japanese Attorney Joined Nagashima Ohno & Tsunematsu Joined Jones Day Independent Director, Alpha Asset Management, Inc. Independent Director, Alpha Trust Holdings, Inc. Supervisory Director, DREAM Private REIT Inc. s with None Attorney, Jones Day Supervisory Director, DREAM Private REIT Inc. Notes: 1. Yuichiro Mori is a candidate for Independent Audit & Supervisory Board Member. 2. remarks regarding candidate for Independent Audit & Supervisory Board Member are as follows: Yuichiro Mori has specialist knowledge as an attorney both in Japan and overseas and has served as an independent director at or companies. The believes that its audit activities would benefit from his extensive insights and experience, and has refore nominated him to be elected as Independent Audit & Supervisory Board Member. 3. If Yuichiro Mori s election is approved,, pursuant to Article 427, Paragraph 1 of Companies Act and provisions of Articles of Incorporation, intends to conclude a limited liability agreement with him that limits his liabilities as provided in Article 423, Paragraph 1 of said Act up to minimum amount stipulated in Article 425, paragraph 1 of said Act. 4. Yuichiro Mori satisfies requirements for an Independent Officer as provided for by Tokyo Stock Exchange. If his election is approved, intends to register him with aforementioned exchange as Independent Officer. 13

14 Proposal 4: Election of one (1) substitute Audit & Supervisory Board Member The effective term of Yuichiro Mori, who was elected as substitute Audit & Supervisory Board Member at 76th Ordinary General Meeting of Shareholders, will expire at commencement of this General Meeting of Shareholders. Therefore, proposes that one (1) substitute Audit & Supervisory Board Member be elected to prepare for a case where number of Audit & Supervisory Board Members falls below number stipulated by laws and regulations. The effectiveness of election under this proposal may be cancelled based on resolution of Board, provided such cancellation is done prior to assumption of office and with consent of Audit & Supervisory Board. The Audit & Supervisory Board has given its consent to this proposal. The candidate for substitute Audit & Supervisory Board Member is as follows: Tadashi Yamamoto (November 10, 1962) Resume, current position Registered as Japanese Attorney Joined Okada, Imanishi & Yamamoto Law Offices Representative Secretary, Companies Act Study Group, Daini Tokyo Bar Association Chairperson of Companies Act Division, Judiciary System Research Board, Daini Tokyo Bar Association Attorney, Okada, Imanishi & Yamamoto Law Offices s with None Notes: 1. Tadashi Yamamoto is a candidate for substitute Independent Audit & Supervisory Board Member. 2. Tadashi Yamamoto has experience and specialist knowledge in corporate law etc., having practiced as an attorney. On this basis, has nominated him for election as substitute Independent Audit & Supervisory Board Member. He has never in past been involved in management of a company except as an outside officer. However, judges based on above reasons that he will appropriately perform his duties as Independent Audit & Supervisory Board Member, which include audit, from a neutral and objective perspective. 3. If Tadashi Yamamoto s election is approved,, pursuant to Article 427, Paragraph 1 of Companies Act and provisions of Articles of Incorporation, intends to conclude a limited liability agreement with him that limits his liabilities as provided in Article 423, Paragraph 1 of said Act up to minimum amount stipulated in Article 425, paragraph 1 of said Act. 14