Kanematsu : Notice of the 131st Ordinary General Meeting of Shareholders

(Stock Exchange No.: 8020)

Date: June 27, 2025 (Friday) at 10:00 a.m. Place: Tosho Shibusawa Hall, The Tokyo

Chamber of Commerce and Industry (5th Floor)

Marunouchi Nijubashi Building

3-2-2 Marunouchi, Chiyoda-ku, Tokyo

Items to Be Resolved:

Item 1: Election of Seven (7) Directors

Item 2: Election of One (1) Substitute Audit & Supervisory Board Member

CONTENTS

To Our Shareholders 2

Notice of the 131st Ordinary General Meeting of Shareholders 3

(Attached documents)

Business Report 17

Consolidated Financial Statements 43

Non-consolidated Financial Statements 46

Audit Reports 49

CORPORATE PRINCIPLE

"Sow a seed now," and take action to benefit people around the globe, bade our founder, Fusajiro Kanematsu, setting standard of public duty that we at Kanematsu continue to uphold through a commitment to ethical business principles and corporate responsibility.

The beliefs and philosophies that inspired Fusajiro Kanematsu in the late nineteenth century Meiji period, a time when Japan was striving to build national economy, were encapsulated in the document Our Beliefs: Kanematsu's Guiding Principles in 1967, on the occasion of our merger with The Gosho Company.

1. Reflecting the pioneering spirit of our predecessors, we believe that fairness and justice should guide our business dealings and the wise use of creative imagination and ingenuity will bring prosperity.

2. Our purpose as a Company is not only to build a sound and flourishing business, but to fulfill our responsibilities as a corporate citizen, contributing to society and the security and well-being prosperity.

3. As members of a corporation, we act not as individuals but as representatives of that organization and as such we are bound by Company rules and attendant loyalties and must work together with a spirit of cooperation while cultivating mutual understanding and respect for fellow members.

To Our Shareholders

I would like to express my sincere gratitude to you, our shareholders, for your continued support.

During the fiscal year under review, the prospect of the global economy remained uncertain. While the U.S. maintained a solid economic climate, there were still concerns such as the lengthening economic stagnation in China and the geopolitical risks remaining high due to the deterioration in the Middle Eastern situation.

In this challenging business environment, the Group launched a new three-year Medium-Term Management Plan, "integration 1.0," starting this fiscal year. In this plan, we aim to become "A solutions provider leading the transformation of efficient and sustainable supply chains." We have pursued various measures in accordance with the basic policies such as the promotion of Groupwide management and the expansion of value propositions through DX, GX and innovation.

As a result, in the fiscal year under review, which was the first year of the Medium-Term Management Plan, profit for the year attributable to owners of the parent reached a record high.

The Company will continue to work as one team to further enhance shareholder value. I would like to take this opportunity to ask our shareholders for your continued understanding and support.

Yoshiya Miyabe President

(Stock Exchange No.: 8020)

June 9, 2025

Dear Shareholder:

We cordially notify you of the 131st Ordinary General Meeting of Shareholders of Kanematsu Corporation (hereinafter "the Company"), to be held as indicated below.

In convening this General Meeting of Shareholders, we have taken measures for providing information that constitutes the content of reference documents for the general meeting of shareholders, etc. in electronic format (matters to be provided in electronic format), which are posted on each of the following websites.

Please access any of these websites to confirm the information.

[The Company's website] https://www.kanematsu.co.jp/en/ir/shareholder_general/

[Website for informational materials for the general meeting of shareholders] https://d.sokai.jp/8020/teiji/ (in Japanese)

[Tokyo Stock Exchange website (Listed Company Search)] https://www2.jpx.co.jp/tseHpFront/JJK010010Action.do?Show=Show (in Japanese)

(Please access the TSE website above, enter "Kanematsu" in "Issue name (company name)" or our stock

exchange No. "8020" in "Code" and search, select "Basic information" and "Documents for public inspection/PR information," and check "Notice of General Shareholders Meeting/Informational Materials for a General Shareholders Meeting" section under "Filed information available for public inspection.")

We ask that you please use your own judgment when visiting the venue of the general meeting of shareholders, taking into consideration your own physical condition.

Instead of attending the meeting in person, you may exercise your voting rights by one of the following methods. After reviewing the enclosed reference materials, please exercise your voting rights no later than 5:15 p.m. on Thursday, June 26, 2025 (JST).

Sincerely,

Yoshiya Miyabe, President Kanematsu Corporation

119 Ito-machi, Chuo-ku, Kobe

[Exercising voting rights by electromagnetic means (via the Internet, etc.)]

Please indicate "for" or "against" for each agenda item by the above mentioned exercise deadline.

[Exercising voting rights in writing]

Please indicate "for" or "against" for each agenda item listed in the enclosed Ballot Form, and return it to the Company no later than the above mentioned exercise deadline.