(Translation)
January 24, 2014
Dear Sirs:
Name of the Company:
Representative:

Kewpie Corporation

Person to contact:

Nobuo Inoue,
Director and General Manager ofOperation Promote Department

Minesaburo Miyake,
President and Representative Director(Code No. 2809; the first section of the Tokyo Stock Exchange)

Notice of Settlement of Accounts of Parent Company, Etc.
Notice is hereby given that Nakashimato Co., Ltd., which is categorized as the parentcompany, etc. of Kewpie Corporation, has prepared its financial statements for the year ended
November 30, 2013, as described in the attachment hereto.
Description1.

Name of the parent company, etc.:

Nakashimato Co., Ltd.

2.

Location of its head office:4-13, Shibuya 1-chome, Shibuya-ku, Tokyo

3.

Representative:

Minako Nakashima,
Representative Director

4.

Attribute:

Kewpie Corporation falls under the category of
related company of any other company andNakashimato Co., Ltd. is such any othercompany.

5.

Ratio of its voting rights:

20.9% (including those held indirectly)

6.

Business content:

Sales of various processed foods

7.

Capital stock:

50 million yen

- END --2-BALANCE SHEET(As of November 30, 2013)(thousands of yen)
ASSETS:
Current assets:
Cash and deposits
Trade accounts receivable
Merchandise
Supplies
Advances
Prepaid expenses
Short-term loans receivable
Accounts receivable - other
Deferred tax assets
Other current assets
Allowance for doubtful accounts
Fixed assets:
Tangible fixed assets:
Buildings
Structures
Tools, furniture and fixtures
Land
Intangible fixed assets:
Software
Other intangible fixed assets
Investments and other assets:
Investment securities
Capital stocks in related companies
Capital investments
Long-term loans receivable
Long-term prepaid expensesPrepaid pension expenses
Leasehold deposits
Funded insurance premiums
Allowance for doubtful accounts

8,684,149
115,586
475,815
724,548
10,21566,33534,9107,068,093
351,255
19,787
12,570(194,970)
21,800,242
568,659
159,925352
10,174398,206
20,286
16,9703,315
21,211,296
1,878,975
9,705,627
92,336
8,568,722
13,607
406,644
99,913595,602(150,132)TOTAL ASSETS:-3-30,484,392

(thousands of yen)
LIABILITIES:Current liabilities:
Trade accounts payable
Short-term borrowings
Accounts payable - otherAccrued expenses
Corporate taxes, etc. payable
Advances received
Deposits received
Reserve for bonuses
Long-term liabilities:
Long-term borrowings
Deferred tax liabilities
Reserve for officers' retirement allowances
Guarantee money accepted
TOTAL LIABILITIES:NET ASSETS:
Shareholders' equity:
Capital stock
Capital surplus:
Capital reserve
Other capital surplus
Earned surplus:
Earned surplus reserve
Other earned surplus
Earned surplus carried forward to the following year
Revaluation and exchange differences, etc.:
Revaluation difference of other securities
TOTAL NET ASSETS:TOTAL LIABILITIES AND NET ASSETS:(Note)

5,076,153
136,938
4,442,222
410,345
16,26445,198
9,539
12,9592,685
7,795,352
6,996,172
259,941
453,738
85,50012,871,505
17,072,588
50,0001,816,382
1,747,382
69,00015,206,206
29,75015,176,456
15,176,456
540,298
540,298
17,612,886
30,484,392

All figures stated above are shown by disregarding any fractions of one thousand yen.

-4-

STATEMENT OF INCOME(From December 1, 2012 to November 30, 2013)(thousands of yen)
Net sales3,574,096

Cost of sales

2,399,986

Gross profit:

1,174,109

Selling, general and administrative expenses

1,056,382

Operating profit:

117,727

Non-operating income:

1,230,675

Interest income received

197,116

Dividends received

834,703

Others

198,855

Non-operating expenses:

198,617

Interest expenses

127,751

Others70,865

Ordinary income:

1,149,785

Extraordinary losses:

3,889

Loss on disposal and sales of fixed assets

2,648

Other extraordinary losses

1,241

Income before income taxes

1,145,895

Corporate, municipality and enterprise taxes

243,389

Adjustment to corporate taxes, etc.

15,481

Net income(Note)

887,024

All figures stated above are shown by disregarding any fractions of one thousand yen.

-5-

[Shareholders]
As of November 30, 2013
State of stocks
Individuals
ForeignOther
included inIndividuals,
corporations,corporations
foreignetc.
etc.
corporations, etc.

State ofless-thanone-unit
shares(shares)

Central andlocal
governments

Financial
institutions

Financial
instrument
brokers

---

4-

-

48-

(thousand shares)

---

476

-

-

1,904

2,380-

Shareholding ratio
(%)

---

20.00--80.00 100.00-Classification
Number ofshareholders

Total

Number of shares[Major shareholders]
As of November 30, 2013

NameAddress

Number ofshares held

Ratio of sharesto the total
number ofissued shares(thousand shares)

(%)

1,856

77.99

Minako Nakashima

Setagaya-ku, Tokyo

Kewpie Corporation

4-13, Shibuya 1-chome, Shibuya-ku, Tokyo

276

11.60

Nakato ScholarshipFoundation

4-13, Shibuya 1-chome, Shibuya-ku, Tokyo

100

4.20

T&A Co., Ltd.

4-13, Shibuya 1-chome, Shibuya-ku, Tokyo

70

2.94

Aohata Co., Ltd.

1-25, Tadanoumi-nakamachi 1-chome,
Takehara City, Hiroshima Prefecture

30

1.26

Chiaki Nakashima

Setagaya-ku, Tokyo

200.85

Amane Nakashima

Shibuya-ku, Tokyo

130.58Chizuru Nakashima

Shibuya-ku, Tokyo

130.58

Total

2,380

100.0-6-[Officers]
As of November 30, 2013
Title
Representative
Director

Director andPresident

Job

Name
MinakoNakashima

AmaneNakashima

Date of birthJune 3, 1937

September 26,1959

Brief history
November 1991
November 2008
April 1983
October 1993
January 1994
February 1995
February 1997
July 2000
February 2003
February 2005

July 2005
October 2009
February 2010
January 2011
February 2012

-6-

Statutory Auditor of the Company
Representative Director of the Company (present post)
Joined the Industrial Bank of Japan, Limited
Joined the Company
General Manager, Accounting Dept. of the Company
Corporate Auditor of Aohata Co., Ltd.
Director of the Company
Director of Kewpie Corporation
General Manager, Legal Dept. of Kewpie Corporation
Vice President and Director of the Company
Director of the Company
Executive Managing Director of Kewpie Corporation (present post)
General Manager, Environment Office of Kewpie Corporation
General Manager, Social and Environment Promotion Office of Kewpie
CorporationGeneral Manager, Division of CSR Promotion of Kewpie Corporation
President and Director of the Company (present post)
Director of Aohata Co., Ltd. (present post)
In charge of Compliance and Internal Auditing Department of Kewpie

Number ofshares held(thousandshares)
1,856

13

TitleJob

Name

Date of birth

Brief history

Number ofshares held
(thousandshares)

Corporation (present post)

Director

Director

Director

General Manager,
Operation
Promote Dept.;
Masahiro Nishio
General Manager,
General Affairs
Dept.

September 8,
1954

GeneralManager,
Accounting
Dept.

September 25,
1956

Noriki Kanda

Masatoshi
Torigoe

October 17,
1954

April 1977

Joined Kewpie Corporation

October 2000

Joined the Company
General Manager, General Affairs Dept. of the Company (present post)

February 2005

Director of the Company (present post)

January 2012
April 1979
October 2002

General Manager, Operation Promote Dept. of the Company (present post)
Joined the Company
General Manager, Corporate Planning Dept., Division of Administration ofthe Company
General Manager in charge of Treasury of the Group
General Manager, Accounting Dept. of the Company (present post)

January 2011
January 2012
February 2012

-Director of the Company (present post)

April 1978

Joined the Company

April 2005

Director and General Manager, Sales Dept. of To Solutions Co., Ltd.

December 2010

President and Representative Director of To Solutions Co., Ltd. (presentpost)February 2012

Director of the Company (present post)-7---Title

DirectorDirectorJob

Name

Minesaburo
MiyakeShunichiro
Ishiguro

Date of birth

July 22, 1952

June 22, 1954

Brief history
April 1976
July 2001
July 2002
February 2003
July 2004
February 2005
September 2008
October 2009
December 2009
February 2010

Joined Kewpie Corporation
General Manager, Household Sales Dept. of Kewpie Corporation
General Manager, Division of Household Sales of Kewpie Corporation
Director of Kewpie Corporation
Generally responsible for sales of Kewpie Corporation
General Manager, Tokyo Branch of Kewpie Corporation
General Manager, Division of Wide-Area Sales of Kewpie Corporation
In charge of Egg Products Business of Kewpie Corporation as deputy
In charge of Egg Products Business of Kewpie Corporation
Executive Managing Director of Kewpie Corporation

February 2011

Director of the Company (present post)

February 2011
January 2013

President and Representative Director of Kewpie Corporation (presentpost)
Director of Aohata Co., Ltd. (present post)

April 1977

Joined the Company

October 1997

General Manager, Corporate Planning Dept. of the Company

October 2002

General Manager, Division of Administration of the Company

February 2003

Director of the Company (present post)

February 2004

Corporate Auditor of Kewpie Corporation

January 2010

Corporate Auditor of Aohata Co., Ltd. (present post)

February 2011

Full-time Corporate Auditor of Kewpie Corporation (present post)-8-

Number ofshares held(thousandshares)--TitleDirector

Statutory
AuditorJob

NameEiichi NozawaChiaki
Nakashima

Date of birth

September 19,
1954

December 25,
1965

Number ofshares held(thousandshares)

Brief history
April 1978

Joined Aohata Co., Ltd. ("Aohata")

October 2005

General Manager, Group Operation Promote Dept. of Aohata

January 2006

Director of Aohata

March 2008

General Manager, Group Operation Promote Dept. and in charge of
Product Development of Aohata

October 2008

General Manager, Division of Operation Promote Dept. and in charge of
Product Development of Aohata

January 2009Managing Director of Aohata

January 2011

Senior Managing Director of Aohata

October 2011

Responsible for Division of Fruit and Raw Materials and Division ofQuality Assurance of Aohata

January 2012

President and Representative Director of Aohata (present post)

February 2012

Director of the Company (present post)

November 2008

Statutory Auditor of the Company (present post)

20Total-9--

1,890