Group Profile

Main Overseas Business Sites● Flour milling business (5 countries)● Processed food business (6 countries)● Yeast and biotechnology business (4 countries)● Mesh cloth business (5 countries)● Nisshin Seifun Group Inc. (Holding Company)● Thai Nisshin Seifun Co., Ltd.

● Nisshin Seifun Group Inc.

● Thai Nisshin Technomic Co., Ltd.

Europe Office● OYC EU B.V.

● Nisshin-STC Flour Milling Co., Ltd.
● NBC Meshtec (Thailand) Co., Ltd.

NBC Meshtec Inc.
Liaison Office Europe

Rogers Foods Ltd.
Miller Milling Company, LLC

Shin Nisshin Seifun Foods(Qingdao) Co., Ltd.

NBC Meshtec Americas Inc.

Jinzhu (Yantai) Food Researchand Development Co., Ltd.

Nisshin Seifun
Turkey Makarna Ve Gida
Sanayi Ve Ticaret A.S.

● Nisshin Seifun OYC (Shanghai) Co., Ltd.

OYC Americas, Inc.

● NBC (Shanghai) Mesh Co., Ltd.

Medallion Foods, Inc.

Oriental Yeast India Pvt. Ltd.

Corporate Philosophy
Allied Pinnacle Pty Ltd.

The Nisshin Seifun Group has determined to expand its businessglobally, under the following corporate principles:“the basis of business is built on trust,” Nisshin strives to“be in tune with the changing business climate,” and“contributing to a healthy and fruitful life for all.”Champion Flour Milling Ltd.

Number of manufacturing sites

55 in Japan
28 overseas● PT. NBC Indonesia● PT. Indonesia Nisshin Technomic

Vietnam Nisshin Seifun Co., Ltd.
Vietnam Nisshin Technomic Co., Ltd.

Performance Highlights (Amounts rounded down to nearest hundred million)
Net sales

Net sales

800

600

Operating profit

Overseas sales ratio(¥ billion)

712.1

(%)

798.7
679.4

80

679.7

60

565.3

400

27.3

22.9

23.3

18.3

200

32.8

0
2019

2020

2021

2022

2023

30

26.9

28.8

27.1

10

4.8

4.1

4.0

2020

2021

392

53%

Processed Food

¥188.0 billion

24%

2022

(FY)

2023

Number of employees by business segment
Corporate (across the Group Divisions)

19%

4.1
0

2019

Flour Milling¥147.5 billion

4.3

0¥419.8 billion

FY2023

(%)

30

10

Others¥798.7 billion

32.8

20

¥43.4 billion

Prepared Dishes andOther Prepared Foods

29.4

20

(FY)

Net sales by business segment

4%

Operating margin

40
20

0

Operating profit(¥ billion)

2,958

4%

Others8569%Prepared Dishes
and Other Prepared Foods

1,571

Flour Milling

31%

FY2023

9,420
Processed Food

3,643

39%

17%

Nisshin Seifun Group Inc.
General Administration Division
Public Communications Depertment
1-25, Kanda-Nishiki-cho, Chiyoda-ku, Tokyo 101-8441, JAPAN+81 (0)3-5282-6666
Published: November 2023

To protect the environment, this publication was
printed on FSC-certified paper using vegetable inks.

Corporate Information
Nisshin Seifun Group Inc.
Head office

1-25, Kanda-Nishiki-cho,
Chiyoda-ku, Tokyo

Foundation

October 1900

Paid-in capital¥17,117 million

Representative Director
and President

Kenji Takihara

Number of employees(consolidated)

9,420 (as of March 31, 2023)

Business Overview

Interlinking our diversified wheat businesses to provide safe, reliable,
and healthy products for any occasion or lifestyle
Reliability of supply, accelerating overseas expansion as Japan’s leading flour miller

Flour Milling
Segment

Nisshin Flour Milling Inc. leads the Japanese flour milling industry and has the biggest share of the domestic market.
It is raising its profile in overseas markets by adapting technology developed in Japan to suit local needs, while expanding
its business through collaboration with other group companies. Our overseas flour production capacity (11,040
tons/day) is now 40% greater than our production capacity in Japan due to initiatives such as acquiring Allied Pinnacle
Pty Ltd., which controls the largest share of the Australian wheat flour market*, in 2019. We will further grow thisbusiness through plans such as adding a new production line at the Saginaw plant operated by our US subsidiary Miller
Milling Company, LLC. We are determined to achieve the highest standard of customer satisfaction in the flour industry
by reliably supplying commercial wheat flour to support food culture, by developing new products to meet consumer
needs, and by actively creating new food culture. *Excluding wheat flour used in starch production and other industrial-use products

Processed Food Business

Flourishing range of delicious, healthy, convenient foods for domestic and overseas markets
The main products are premix, pasta, and pasta sauces for home and commercial use. We supply a wide varietyof frozen and room-temperature products under brands including Nisshin, Ma·Ma, Ao-No-Dokutsu, and De Cecco.
Many of these products have gained top market shares in their categories thanks to their convenience and appeal
to health-conscious consumers. We are continually expanding our range of delicious, high value-added products
and accelerating our overseas expansion by optimizing our supply structures on a global scale.

Yeast and Biotechnology BusinessContribution in the food and biotechnology field as a yeast-based technology company

Processed Food
Segment

We develop and supply high-quality food ingredients for the bakery industry and other areas, including bakery andcooking fillings, and mayonnaise, as well as yeast, where we command the top market share in Japan. We are
expanding into overseas markets in pursuit of opportunities created by population growth. In August 2022, our
new yeast factory started operation in India. We also supply useful proteins produced using our proprietary
biotechnology for use as diagnostic and research reagents. In addition, we undertake safety testing and provide
support services for R&D in areas such as pharmaceuticals.

Healthcare Foods BusinessSupporting good health with healthcare foods and fine chemicals
We provide safe, reliable food supplements, foods with function claims, and foods for specified health uses,
primarily through direct marketing, to meet the needs of increasingly health-conscious consumers. We also use
our proprietary technology to develop and supply high-quality active pharmaceutical ingredients and otherproducts. In anticipation of escalating competition, we are developing new products and tackling new businessareas in the healthcare foods sector, while in our fine chemicals business, we are leveraging our original refining
technologies to expand our business in the United States and cultivate new markets.

A full lineup of delicious products to enrich the dining experience

Prepared Dishes
and Other
Prepared Foods
Segment

Affiliated Companies

No.1•Nisshin Flour Milling Inc.

( 39.1 )%Bread flour

market share

High fiber
wheat flour

Pastry flour(manufactured
by Miller Milling
Company, LLC)

Bread andnoodle flour(manufactured byRogers Foods Ltd.)

Affiliated Companies

Market Rank of theDomestic HouseholdUse Products•Nisshin Seifun Welna Inc.

No.1
in many categories*2

Wheat flour
for household use

Pasta

Pasta sauce

Domestic Rank ofYeast Production Volume*3

No.1

(50

approximately•Miller Milling Company, LLC•Allied Pinnacle Pty Ltd.
•Champion Flour Milling Ltd.
•Rogers Foods Ltd.
•Nisshin-STC Flour Milling Co.,Ltd.

•Nisshin Grain Silo Inc.
•Hanshin Silo Co., Ltd.
•Fresh Food Service Co., Ltd.
•Nisshin Managerial Technology
Center Co., Ltd.
•Kumamoto Flour Milling Co., Ltd.

•Nisshin Seifun Premix Co., Ltd.
•Ma·Ma-Macaroni Co., Ltd.
•Thai Nisshin Technomic Co., Ltd.
•Shin Nisshin Seifun Foods(Qingdao) Co., Ltd.
•PT. Indonesia Nisshin Technomic•Vietnam Nisshin Technomic Co., Ltd.
•Medallion Foods, Inc.
•Nisshin Seifun Turkey Makarna
Ve Gida Sanayi Ve Ticaret A.S.
•Thai Nisshin Seifun Co., Ltd.
•Vietnam Nisshin Seifun Co., Ltd.

Affiliated Companies•Oriental Yeast Co., Ltd.

)% market share

Yeast products

Diagnostic reagents•Pany Delica Co., Ltd.
•OYC Foods Net Co., Ltd.
•Nihon Bioresearch Inc.
•Kitayama Labes Co., Ltd.
•Oriental Bio Service Inc.

•KBT Oriental Co., Ltd.
• OYC Americas, Inc.
•OYC EU B.V.
•Oriental Yeast India Pvt. Ltd.
•Nisshin Seifun OYC (Shanghai) Co., Ltd.

Number of patents
published in Japan*4

No.3

Affiliated Company•Nisshin Pharma Inc.
Healthcare foods

Affiliated Companies

Number of
Manufacturing Sites
in Japan•Nisshin Seifun Delica Frontier Inc.

Three of our affiliated companies use a variety of channels to supply a full lineup of delicious products covering
every category of prepared foods. Initio Foods Inc. specializes mainly in prepared Japanese dishes for sale insupermarkets and department stores. Joyous Foods Co., Ltd. is an industry leader in the area of pre-cooked
noodles for sale in convenience stores. Tokatsu Foods Co., Ltd. supplies onigiri rice balls, bento boxed lunches,
sandwiches, and other products primarily through convenience stores. These companies provide delicious andquick-preparation meal offerings for Japan’s growing number of dual-income, single-person, and single-parent
households to help offset the burden of housework and provide a balanced diet.

25

Engineering Business

Mesh Cloth BusinessWe combine our extensive experience in food plant construction and our world-classpowder processing technology developed over many years. A particular focus forthe further growth of our engineering business includes applying user-focusedexpertise in our core field of plant and factory construction as well as developing
and selling sophisticated powder processing equipment and providing powder
processing services using our leading technology.

We leverage our diverse range of high-performance mesh cloth products as a foundation for expanding sales ofadvanced industrial materials and develop high-performance products with enhanced functions. In addition tomesh products for use in telecommunications, including for 5G and 6G, and water treatment, we are also
developing mesh technologies that contribute to electrode printing for solar cells, which requires an increasingly
high resolution, and to hydrogen-related markets. We are also creating business in new fields with the potential
to generate demand in the future, such as the environment, medical care, health, sanitation, telecommunications,and mobility. This includes products such as Cufitec® antiviral technology.

Expanding engineering service business based on world-class powder
processing technologies and user perspectives

Others Segment

Market Rank ofWheat Flour Sales
in Japan (weight basis)*1

Affiliated Company•Nisshin Engineering Inc.

*1 Source: Nikkan Keizai Tsushin Co., Ltd. (fiscal 2023), *2 Source: Intage SRI data; The data periods for the No. 1 market shares for flour, pasta (spaghetti), pasta sauce, and frozen pasta (frozen*3 Source: Company research, *4 Domestic healthcare foods makers (single companies), Source: Company research•Tokatsu Foods Co., Ltd.
• Port Delica Tokatsu Co., Ltd.
• Green Delica Co., Ltd.
• Nomura Foods Co., Ltd.

PreparedJapanese dishes

Pre-cooked noodles

Fresh pre-cooked
dishes•Joyous Foods Co., Ltd.
•Initio Foods Inc.

High value-added products made possible by advanced mesh technology

Affiliated Companies•NBC Meshtec Inc.
•NBC Metalmesh Inc.
•PT. NBC Indonesia•NBC Meshtec Americas Inc.
•NBC (Shanghai) Mesh Co., Ltd.
•NBC Meshtec (Thailand) Co., Ltd.

cooked spaghetti and sauce) are April 2022- March 2023, for okonomiyaki pancake flour and tempura mix are April 2021- March 2023, and for karaage deep-fry mix April 2020- March 2023.