KOITO MANUFACTURING : NOTICE OF THE 117TH ORDINARY GENERAL MEETING OF SHAREHOLDERS

This document has been translated from the Japanese original. In the event of any discrepancy between this translation and the Japanese original, the original shall prevail.

To our shareholders:

June 5, 2017

Hiroshi Mihara

President

4-8-3, Takanawa, Minato-ku, Tokyo

You are cordially invited to attend the 117th Ordinary General Meeting of Shareholders of KOITO MANUFACTURING CO., LTD. (the "Company"), which will be held as described below.

If you are unable to attend the meeting in person, you may exercise your voting rights by either of the following methods. Please examine the attached Reference Documents for the General Meeting of Shareholders and exercise your voting rights.

[For those attending the meeting]

Please bring the voting form with you and present it at the reception desk on the day of the meeting. You are kindly requested to bring this notice to the meeting in the interest of conserving resources.

[For those exercising voting rights by mail]

Please use the enclosed voting form to indicate your approval or disapproval and return it so it reaches us by 5:00 p.m., Wednesday, June 28, 2017 (Japan Standard Time), the day before the Ordinary General Meeting of Shareholders.

[For those exercising voting rights by the Internet]

Please access the voting website (http://www.evote.jp/) to submit votes. Votes can be submitted until 5:00 p.m., Wednesday, June 28, 2017 (Japan Standard Time).

1. Agenda of the General Meeting of Shareholders: Items to be reported:

2. Business Report and Consolidated Financial Statements for the 117th Term (from April 1, 2016 to March 31, 2017), as well as the results of audit of the Consolidated Financial Statements by the Independent Auditors and the Audit and Supervisory Board.

3. Financial Statements for the 117th Term (from April 1, 2016 to March 31, 2017)

4. Items to be resolved: Proposal 1: Dividends of surplus Proposal 2: Election of fourteen (14) Directors Proposal 3: Election of one (1) Audit and Supervisory Board Member Proposal 4: Election of one (1) substitute Audit and Supervisory Board Member Proposal 5: Determination of remuneration for allotting restricted shares to Directors Reference Documents for the General Meeting of Shareholders Proposal 1: Dividends of surplus

   The basic dividend policy of the Company is to pay a stable and consistent dividend that reflects results of operations during the fiscal year, the business climate and all other applicable factors. Continuing from fiscal 2016, sales, operating income, recurring profit, and profit attributable to owners of parent all hit record highs in fiscal 2017. Accordingly, for the year-end dividend for the 117th fiscal year ended March 31, 2017, the Company proposes shareholders to approve a dividend of 34 yen per share, an increase of 14 yen compared to the end of fiscal 2016.

   Henceforth, the annual dividend for the 117th fiscal year, including the interim dividend, will be 54 yen per share, an increase of 18 yen compared to the 116th fiscal year.

   Matters related to year-end dividend

5. Type of dividend property:

   Cash

6. Allocation of dividend property and total amount thereof

   34 yen per common share of the Company Total amount: 5,463,583,930 yen

7. Effective date of distribution of dividends of surplus

June 30, 2017 Proposal 2: Election of fourteen (14) Directors

The term of office of all the incumbent fourteen (14) Directors will expire at the conclusion of this Ordinary General Meeting of Shareholders. In that regard, the Company proposes the election of fourteen (14) Directors.

The candidates for Directors are as follows:

No.1 Masahiro Otake (born on March 15, 1947) Up for re-election

Number of shares of the Company held:

87,200 shares

Career history, position and responsibility, and important positions concurrently held

April 1977 Joined the Company June 1987 Director

June 1993 Managing Director

June 1999 Senior Managing Director June 2005 Executive Vice President June 2007 President

June 2015 Chairman (present position)

Reasons for nomination as candidate for Director

Mr. Masahiro Otake has acquired extensive experience and a high level of insight through previously serving as President. He has also been involved with the Company's management as a Director, and has contributed significantly to the improvement of the Company's performance and corporate value.

The Company proposes his re-election as a Director so that his knowledge and experience may be reflected in the Company's management.

There is no particular business or other relationship between the candidate and the Company.