Notice of 84th Annual Meeting of Shareholders

[English translation for reference purposes only]

May 28, 2026

Notice is hereby given to the shareholders of Ichiyoshi Securities Co., Ltd. ("Ichiyoshi" or the "Company") that the 84th annual meeting of shareholders of Ichiyoshi will be held at a place and date written below. Each of attending shareholders is requested to bring with him/her a voting card attached hereto (omitted in this English version).

In the event that you cannot attend the said meeting in person, please read "Referential Materials for Shareholders' Meeting" (described hereinafter) carefully and send the voting card to be received by the Company by 5:00 p.m. on June 19, 2026 (Friday), or exercise your voting rights via Internet through the Company's designated website for exercising voting rights (https://evote.tr.mufg.jp/) (the "Designated Voting Website") by the same date and time. (If you are a non-resident of Japan, however, you may exercise your voting rights by properly instructing your standing proxy in Japan.)

1. Date and time: June 20, 2026, Saturday, from 10:00 a.m. (Doors open at 9:00 a.m.)

2. Place: At 8th Floor Hall, Tokyo Shoken Kaikan

   1-5-8, Nihonbashi Kayabacho, Chuo-ku, Tokyo, Japan

3. Agenda at the Meeting:

   Reports:

   1. Reports on business result and contents of consolidated financial statements (for the fiscal year from April 1, 2025 to March 31, 2026), and Certified Public Accountants' and Audit Committee's reports on their respective audits of consolidated financial statements.

   2. Reports on contents of non-consolidated financial statements of the Company (for the fiscal year from April 1, 2025 to March 31, 2026).

   Resolutions proposed for approval and adoption:

   1st resolution: Appointment of 7 directors.

   2nd resolution: Authorization of the Board of Directors to decide terms and conditions for the issuance of share warrants as stock options to directors (excluding outside directors), executive officers, operating officers, executive advisers and employees of the Company and its subsidiaries.

   [Information regarding this Notice of Annual Shareholders' Meeting]

   In accordance with the Amendment to the Company Law, which became effective on September 1, 2022, the Company has started to disclose "Materials for Shareholders' Meeting," such as the referential information relating to shareholders' meeting and report on business result, on the Company's website in principle.

   The Company has considered the method of providing the notice of shareholders' meeting under the new system and the awareness among shareholders of the new system and the convenience of the new system from the shareholders' standpoint. As a result of such consideration, the Company has decided to send Notice of 84th Annual Shareholders' Meeting and Materials for Shareholders' Meeting by mail as well as on the Company' website (https://www.ichiyoshi.co.jp/stockholder/presenation).

   In the event that you cannot access the Company's website, we recommend that you access the website of the Tokyo Stock Exchange (https://www2.jpx.co.jp/tseHpFront/JJK010010Action.do?=Show) where you may insert either "Ichiyoshi Securities" in the stock issue column or "8624" in the stock code column to search for "Basic Information" and "Public Documents/PR Information" in this order.

   Gifts to shareholders:

   There will be no gift presented to attending shareholders and there will not be held a social gathering between executives and shareholders.

4. Matters concerning Contents of Internet Disclosure for the 84th Annual Shareholders Meeting

   The following documents (items (i), (ii), (iii), (iv), (v), (vi), (vii), (viii). (ix), (x) and (xi)) are disclosed on the Company's website in accordance with laws and Article 15 of the Articles of Incorporation of the Company. Hence, they are not contained in the notice of annual shareholders' meeting sent by mail.

   1. Major borrowing sources and amounts;

   2. Matters concerning stock acquisition rights;

   3. Outline of contents of directors and officers liability insurance

   4. Matters concerning accountants;

   5. System to ensure the appropriateness of business operations and the outline of operational status of the system;

   6. Fundamental policy concerning the control of a public limited company;

   7. Policy on decision on dividends paid out of retained earnings;

   8. Consolidated Statement in Changes in Shareholders' Equity;

   9. Notes to Consolidated Financial Statements;

   10. Statement of Changes in Shareholders' Equity (non-consolidated); and

   11. Notes to Financial Statements (non-consolidated)

       Method to notify corrections as to reference documents for shareholders' meeting, reports on business result and financial statements:

       Any corrections occurring to reference documents for shareholders' meeting, reports on business result and financial statements will be notified on the Company's website.

5. Guidance for exercising voting rights:

   1. Exercising voting rights in person:

      You are required to present your voting card at the reception desk of the shareholders' meeting before the meeting starts at 10:00 a.m. on June 20, 2026 (Saturday). (No person other than an entitled shareholder shall be admitted to the meeting. Neither his/her agent nor his/her accompanying person shall be admitted.)

   2. Exercising voting rights through proxy:

      In the event that you cannot attend the shareholders' meeting in person, you may exercise your voting rights by appointing another shareholder of Ichiyoshi attending the meeting as your proxy; provided, however, that he/she must produce a document certifying his/her proxy status.

   3. Exercising voting rights by mail:

      You are required to mail your completed voting card (postage prepaid) to be received by the Company at or before 5:00 p.m. on June 19, 2026 (Friday).

   4. Exercising voting rights via Internet:

   You are required to exercise your voting rights through the Company's Designated Voting Website (https://evote.tr.mufg.jp/) by 5:00 p.m. on June 19, 2026 (Friday)

   (Please note that the Designated Voting Website is not accessible between 2:30 a.m. and 4:30 a.m. every day, Japan time.)

   Reminder: (i) In the event that you attend the shareholders' meeting in person, you need not follow instructions relating to voting by mail or via Internet.

   (ii) In the event that you exercise your voting rights by mail, you should follow instructions in the voting card (the card being omitted in this English version).

6. Guidance for exercising voting rights through the Designated Voting Website:

You can exercise your voting rights by accessing the Designated Voting Website via your smart phone or personal computer.

1. Exercising your voting rights via your smart phone:

   1. By scanning the "QR Code for Log-in" provided in the voting card (omitted in this English version), you will be automatically connected to the Designated Voting Website and will be able to exercise your voting rights. (Thus, you do not need "Log-in ID" nor "Temporary Password")

   2. It should be noted that a certain type of smart phone may not be compatible with the "QR Code for Log-in" provided. If that should happen, please exercise your voting rights via your personal computer without use of "Log-in ID" or "Temporary Password", as detailed below.

2. Exercising your voting rights via your personal computer:

   1. By applying "Log-in ID" and "Temporary Password" provided in the voting card (omitted in this English version) on the Designated Voting Website, you will be able to exercise your voting rights in accordance with instructions listed on the Website.

   2. Each time shareholders' meeting is held, a new "Log-in ID" and "Temporary Password" will be provided.

3. Further notes on the Designated Voting Website:

   1. The exercise of voting rights is only possible by accessing the Designated Voting Website via personal computer or smart phone (the Website is accessible at any time except from 2:30 am to 4:30 am)

   2. The exercise of voting rights via personal computer or smart phone may not be possible in the event that firewall or antivirus devices are installed or proxy servers are used or TLS cryptography is not designated, depending on your Internet usage environment.

   3. The exercise of voting rights electronically is possible by 5:00 pm on June 19, 2026 (except from 2:30 am to4:30 am), but you are urged to exercise your voting rights earlier if possible.

   4. If you have any question, please contact Securities Transfer Dept.(Help Desk), Mitsubishi UFJ Trust & Banking Corp. (Free call: 0120-173-027, open between 9:00 am and 9:00 pm).

4. Expenses arising from access to the Designated Voting Website:

   Shareholders are required to bear expenses arising from access to the Designated Voting Website.

   Reminder:

   1. In the event of exercising voting rights doubly by sending back a voting card by mail or via Internet, voting instructions via Internet shall be adopted.

   2. In the event of exercising voting rights more than once via internet, the last-dispatched voting instruction shall be adopted.

The terms of office of all currently-incumbent directors will expire at the close of the shareholders' meeting. The Nominating Committee of the Company has resolved to propose the below-mentioned 7 nominees for directors.

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1. Masashi Takehi Chairman & Director

   Chairman of the Board of Directors, Member of Nominating Committee, Member of Remuneration Committee To be reappointed

2. Hirofumi Tamada President & Director Representative Executive Officer To be reappointed.
3. Shoichi Yamazaki Deputy President & Director To be reappointed.
4. Akira Gokita Head of Outside and Independent Directors

   Member of Nominating Committee (Chairman) Member of Audit Committee (Chairman)

   To be reappointed.

5. Eiji Hirano Outside and Independent Director

   Member of Nominating Committee Member of Audit Committee

   To be reappointed.

6. Yuko Numata Outside and Independent Director (female)

   Member of Remuneration Committee (Chairman) Member of Audit Committee

   To be reappointed.

7. Yukari Sakai Outside and Independent Director (female)

To be newly appointed

[Further details on each nominee]

.Nominee number Birth date Current career and positions No. of the Company's and name and frequency of attendance shares owned

at various meetings

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1. Masashi Takehi April 13, 1943 Frequency of attendance at 182,800 shares

   Board of Directors' meetings: 18 times (100%) Frequency of attendance at Nominating Committee:

   5 times (100%)

   Frequency of attendance at Remuneration Committee: 10 times (100%)

   [Positions/occupations prior to the current ones are omitted in this English version]

   • Reason for his nomination as director:

     He formerly served as managing director of Nomura Securities Co. Ltd. and then served as representative director and chief executive president of the Company successively. Since becoming a director and executive chairman of the Company in April 2012 and chairman of the Board of Directors of the Company in April 2018, he has taken on management and supervising responsibility for the Company and its group companies. Considering his qualification for inside directorship selection criteria and his management achievement and experience so far, the Nominating Committee has judged that he can apply his deep insight on securities business and securities industry and his superb managerial capability to the management of the Company.

   • If he is reappointed as director at the shareholders' meeting, he is scheduled to become a member of the Nominating Committee and a member of the Remuneration Committee upon the conclusion of the shareholders' meeting.

2. Hirofumi Tamada October 25, 1971 Frequency of attendance at 82,700 shares

   Board of Directors' meetings: 18 times (100%)

   [Positions/occupations prior to the current ones are omitted in this English version]

   • Reason for his nomination as director:

Since joining the Company in 1998, he has taken positions successively at the Advisors Division, Advisor Support Division and Control/Planning Division. Since being appointed as President and Representative Executive Officer in April 2020, he presided over business operations as head of the Company. Considering his qualification for inside directorship selection criteria and his achievement, the Nominating Committee has judged that he can apply his deep knowledge and profound experience acquired through his appointments at various divisions, including the Advisors Divisions, to the management of the Company.

1. Shoichi Yamazaki September 23, 1955 Frequency of attendance at Board 38,300 shares

   of Directors' meetings: 18 times (100%) [Positions/occupations prior to the current ones are omitted in this English version]

   (Some of his other current positions):

   Auditor at Ichiyoshi Business Service Co. Ltd. Auditor at Ichiyoshi Asset Management Co., Ltd. Auditor at Ichiyoshi Research Institute Inc.

   Auditor at Ichiyoshi IFA Co., Ltd.

   • Reasons for his nomination as director:

Since joining the Company 2015, he took charge of various Head Office divisions as operating officer. He became Executive Officer in charge of administrative and control divisions at Head Office in 2020. Since becoming Managing Executive Officer in April 2021, he took charge of finance, management, administrative, control and system divisions and subsidiaries. Since becoming Director and Managing Executive Officer in June 2021, he continued to oversee the same functions. Since becoming Director and Senior Managing Executive Officer in June 2022, Director and Representative Senior Executive Officer in June 2024 and Director and Deputy President & Executive Officer in April 2025, he has assisted the President in his management of the Company, at the same time supervising the personnel and training divisions. Considering his qualification for inside directorship selection criteria and his business achievement, the Nominating Committee has judged that he can apply his superb insight and knowledge acquired through his experience at various divisions to the management of the Company.

4 Akira Gokita September 20, 1947 Frequency of attendance at 0 share

Board of Directors' meetings: 18 times (100%) Frequency of attendance at Nominating Committee: 5 times (100%)

Frequency of attendance at Audit Committee: 15 times (100%)