Fujita Kanko : Notice of the 90th ordinary general meeting of shareholders

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 9722)

March 7, 2023

(Commencement date of electronic provision

of reference documents: March 6, 2023)

To Those Shareholders with Voting Rights

Yoshihiro Ise

Representative Director and President,

Executive Officer

FUJITA KANKO INC.

10-8, Sekiguchi 2-chome,Bunkyo-ku,

Tokyo, Japan

NOTICE OF THE 90th ORDINARY GENERAL MEETING OF SHAREHOLDERS

You are cordially invited to attend the 90th Ordinary General Meeting of Shareholders of the Company. The meeting will be held as described below.

In convening this general meeting of shareholders, the Company has taken measures to provide the information contained in the Reference Documents for the General Meeting of Shareholders, etc. in electronic format and posted such information on the website below as the "Notice of the 90th Ordinary General Meeting of Shareholders."

• The Company's website:https://www.fujita-kanko.co.jp/ir/stock/file/meeting_syosyu90.pdf(Japanese only)

The notice is also available on the TSE website (TSE Listed Company Search) shown below. Please access the

website, enter the issue name (company name) or securities code, and select "Basic information" and then "Documents for public inspection/PR information" for reference.

• TSE website:https://www2.jpx.co.jp/tseHpFront/JJK020010Action.do?Show=Show

You can exercise your voting rights in one of the ways described on page 3 of the Japanese version. In order to prevent the spread of COVID-19, we recommend that you exercise your voting rights in advance by mail or via the internet in lieu of attending the meeting in person.

1. Date and Time: Wednesday, March 29, 2023 at 10:00 a.m. (Door opens at 9:00 a.m.)

2. Place:	Grand Hall TSUBAKI, Hotel Chinzanso Tokyo (5th floor of Banquet Bldg.)
	10-8, Sekiguchi 2-chome,Bunkyo-ku, Tokyo, Japan

3. Agenda of the Meeting:

Matters to be reported: 1. The Business Report, the Consolidated Financial Statements and the audit results

of the Consolidated Financial Statements by the Accounting Auditor and Board of Corporate Auditors for the 90th fiscal term (from January 1, 2022 to December 31, 2022)

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2. The Non-Consolidated Financial Statements for the 90th fiscal term (from January 1, 2022 to December 31, 2022)

Proposals to be resolved:

Proposal No. 1: Appropriation of Surplus

Proposal No. 2: Election of Eight Directors

Proposal No. 3: Election of One Corporate Auditor

Proposal No. 4: Election of One Substitute Corporate Auditor

• Pursuant to the applicable laws and regulations and provisions of Article 15 of the Company's Articles of Incorporation, the matters below are not included in the paper copy of the notice to be sent to the shareholders who have requested it. These documents are part of the documents audited by the Corporate Auditors and the Accounting Auditor in preparing their respective audit reports.
• • Consolidated Statements of Changes in Net Assets
  • Notes to Consolidated Financial Statements
  • Non-ConsolidatedStatements of Changes in Net Assets
  • Notes to Non-Consolidated Financial Statements

Please note that the page numbers, section numbers, and reference pages in the paper copy sent are the same as those in the notice provided electronically.

• If any revisions are made to the matters provided electronically, the revised versions will be posted on the respective websites above.

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Reference Documents for the General Meeting of Shareholders

Proposals and References

Proposal No. 1: Appropriation of Surplus

The Company has a basic policy to fully consider passing its profits on to shareholders, and pay dividends in proportion to the results of its business in consideration of further reinforcement of corporate structure and accumulation of internal reserves to be utilized to promote businesses.

Taking into comprehensive consideration the business environment surrounding the Company and the Company's financial condition, we propose to forgo payments of year-end dividends for common shares for this fiscal term.

For Class A preferred shares issued through a third-party allotment in September 2021, we propose to pay the amount of dividend based on the terms and conditions set at the time of issuance.

Year-End Dividends

1. Type of dividend property Money
2. Matters related to allocation of dividend property and total amount thereof

∙ Common shares:

No dividends

1. • Class A preferred shares: 4,000,000 yen per share Dividends total: 600,000,000 yen
2. Effective date of dividends from surplus March 30, 2023

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Proposal No. 2: Election of Eight Directors

The terms of office of all eight Directors will expire at the conclusion of the meeting. We therefore propose that

eight Directors be elected.

The candidates for Directors are as follows:

Candidate			Name					Gender	Current position and assignment
No.							in the Company
			Yoshihiro Ise						Representative Director and President,
1		Reappointment					Male
					Executive Officer
									Representative Director in charge of
			Takeaki Yamada						Planning, Human Resource and
2		Reappointment					Male
					General Affairs Division at
									Headquarters
			Hiroyuki Nozaki						Director in charge of Planning
3		Reappointment					Male
					Division
			Yasushi Komiya						Director in charge of Human Resource
4		Reappointment					Male
					and General Affairs Division
					Outside Director
5		Reappointment	Rieko Zanma					Female	Director
				Independent Director
					Outside Director
6		Reappointment	Kazunori Takami					Male	Director
				Independent Director
					Outside Director
7		Reappointment	Shiho Takano					Female	Director
				Independent Director
8		Reappointment	Masao Yamada		Outside Director			Male	Director

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Candidate		Name	Career summary, position, assignment and important concurrent positions
No.
				April 1983	Joined FUJITA KANKO INC.
				May 2002	Leader of Development and Construction Group of Corporate
					Center of FUJITA KANKO INC.
				November 2003	Chief of Corporate Planning Office of Leisure Business
					Department of FUJITA KANKO INC.
				March 2005	Leader of Related Companies Group of Corporate Center of
					FUJITA KANKO INC.
				October 2006	Leader of Development Group of Washington Hotel Company
					Planning Office of FUJITA KANKO INC.
		Reappointment		March 2008	President and Representative Director of CANAL CITY･
					FUKUOKA WASHINGTON HOTEL K.K. and General
					Manager of Canal City･ Fukuoka Washington Hotel
		Yoshihiro Ise	March 2010	President and Representative Director of URAWA
					WASHINGTON HOTEL INC. and General Manager of Urawa
1	 Date of birth:		Washington Hotel
March 2012	General Manager of Chiba Washington Hotel
	May 29, 1960
		March 2014	Executive Officer, and Management Planning and Business
	 Number of
		Promotion Officer of Planning Group of FUJITA KANKO INC.
		shares of the
		March 2015	Director and Executive Officer, and Chief of Planning Group of
		Company held:
			FUJITA KANKO INC.
		6,000 common
		March 2017	Representative Director and Managing Executive Officer, and
		shares
			Chief of Planning Group of FUJITA KANKO INC.
				March 2018	Representative Director and Senior Managing Executive
					Officer, and Chief of Planning Group of FUJITA KANKO INC.
				March 2019	Representative Director and President, Executive Officer
					President and Chief Executive Officer of FUJITA KANKO
					INC. (to the present)
				(Important Concurrent Positions)
				N.A.
				(Attendance at Board of Directors Meetings Held in 2022/12)
				18/18

Reasons for nomination as a candidate for Director

Yoshihiro Ise has successively served in managerial positions at business offices, business departments and headquarters divisions of the Group, and has served as Representative Director of the Company since 2017, and as President and Chief Executive Officer since 2019. Therefore, he possesses abundant experience and knowledge in management as well as in sales and management operations and administration operations. We nominated him as a candidate for Director as we judged that his experience and knowledge can continue to be effectively utilized in the management of the Company.

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