Supplementary Material to Financial Results
Fiscal Year Ended December 2022

Nishimoto Co., Ltd.
February 14, 2023
2023 Nishimoto Wismettac Group All rights reserved.

Contents•

Summary•

Summary of Financial Results for the Fiscal Year
Ended December 2022

•

P. 2

P. 3

Earnings Forecast for the Fiscal Year Ending
December 2023

P. 10

•

Policy of Returning Profits to Shareholders

P. 16

•

Wismettac Group Profile

P. 182023 Nishimoto Wismettac Group All rights reserved.

1

Summary
FYE 12/2022 Financial Results
p. 3

Both sales and profits achieved significant year-on-year increases. (Net sales: +29.1%, Operating income: +43.8%, Net profit: +35.5%)
FYE 12/2021

Net sales: 213.2 billion yen

Operating income:7.3 billion yen

FYE 12/2022

Net sales: 275.2 billion yen

Operating income: 10.5 billion yen

Ordinary income:7.2 billion yen

Ordinary income: 10.8 billion yen

Net profit:

5.0 billion yen*

Net profit: 6.8 billion yen*
*Net income attributable to owners of parentThe strong performance of the Asian Food Global Business mainly in the North American region underpinned the entire Group’s performance.
The impact of foreign currency exchange rates due to the depreciation of the yen also contributed.



The Agricultural & Seafood Products Trading Business picked up slightly in the fourth quarter. However, profits decreased significantly year on
year due to the significant impact of external factors such as the depreciating yen.

FYE 12/2023 Earnings and Dividends Forecasts


p. 10/p. 16

We are aiming for year-on-year increases in both sales and profits by maintaining the profit levels of the Asian Food Global Business andrestoring the performance of the Agricultural & Seafood Products Trading Business.
Earnings Forecast for the Fiscal Year Ending December 2023
Midterm

Net sales: 149.0 billion yen

Operating income:5.2 billion yen

Ordinary income: 5.2 billion yen

Net profit: 3.6 billion yen*

Full YearNet sales: 304.0 billion yen

Operating income: 11.0 billion yen

Ordinary income: 11.0 billion yen

Net profit: 7.3 billion yen*
*Net income attributable to owners of parent

Dividends Forecast for the Fiscal Year Ending December 2023
FYE 12/2022

Interim dividend:

70 yen (Results)

FYE 12/2023

Interim dividend: 70 yen

Year-end dividend:

75 yenYear-end dividend: 80 yen

Total:

145 yenTotal: 150 yen

The year-end dividend forecast for the fiscal year ended December 2022 remained unchanged from that announced in the secondquarter financial results. The annual dividend was 145 yen, the highest since the Company was listed.

The Company considers the dividend payout ratio as an important indicator and aims for a dividend payout ratio of approximately 30%
for the full year. (FYE 12/2022: 30.5%)22023 Nishimoto Wismettac Group All rights reserved.

Summary of Financial Results
for the Fiscal Year Ended December 2022

2023 Nishimoto Wismettac Group All rights reserved.

Summary of Financial Results for FYE 12/2022
 Both net sales and income achieved record highs, and both sales and profits increased
significantly year on year.
 The Asian Food Global Business continued its strong performance mainly in the North American region amidst asales situation reflecting a recovery trend in demand. Both sales and profits significantly increased year on year,
and the entire Group achieved record-high profits.

 Net sales: +29.1% YoY, Operating income: +43.8% YoY, Net profit: +35.5% YoY
 Amid increasing costs mainly driven by ongoing inflation and increases in energy costs around the world, theCompany secured profits through appropriate price adjustments.
 The full-year earnings forecast announced in the second-quarter financial results was nearly achieved.
(Unit: billions of yen)

FY ended December 2021

FY ended December 2022

Full Year results

Full Year results(Oct-Dec)

Operatingresults

Changes year-on-year(Cumulative comparison)<Reference>

FY2022full-year forecast(Revised in Aug. 2022)(Oct-Dec)

Net sales

213.2

57.9

275.2

72.9

+62.0

+29.1%

265.0

Gross profit

41.0

11.8

55.3

14.7

+14.3

+34.8%

-

10.0

3.0

13.3

2.8

+3.3

+32.6%-

Operating income or loss(△)

7.3

2.3

10.5

2.2

+3.2

+43.8%

10.5

Ordinary income or loss(△)

7.2

2.2

10.8

2.1

+3.6

+49.7%

10.5

Net income or loss(△) attributable toowners of parent

5.0

1.8

6.8

1.1

+1.8

+35.5%

7.0

Operating income(Excluding strategic expenses)

Yen/Dollar exchange rate

(Average rate during the period)

Quarterly net income or loss(△) per share2023 Nishimoto Wismettac Group All rights reserved.

109.80 yen

131.43 yen+21.63 yen

350.34 yen

474.87 yen+35.5%

4

Operating Results by Segment for FYE 12/2022
Asian
Food
GlobalBusiness(hereinafter
called “AFB”) called “AFB”)
Asian
Food
GlobalBusiness(hereinafter In addition to an increase in profit margin through price adjustments and other measures mainly in the first half of the year, the impact offoreign currency exchange rates due to the depreciation of the yen contributed to year-on-year increases in both sales and profits.
Net sales increased 35% YoY in the North American region, 28% YoY in regions other than North America.

 In the second half of the year, due to changes in the competition and sales environments during the inventory adjustment phase andincreased costs affected by ongoing inflation, etc., the profit margin of ingredients decreased compared to the first half of the year. However,a certain profit margin was maintained for processed foods through appropriate price adjustments.
 In Europe, the impact of ongoing inflation and soaring energy costs led to slower sales and increased costs overall.

Agricultural& SeafoodTrading Business
Agricultural & Seafood
ProductsProducts
Trading Business Net sales in the segment as a whole increased significantly mainly due to the consolidation of the fruit and vegetable wholesaler Ban Choon
Marketing Pte. Ltd. (BCM) in Singapore.
 In the domestic market, the Agricultural & Seafood Products Trading Business picked up slightly in the fourth quarter. However, profits
decreased significantly year on year due to the significant impact of external factors such as the depreciating yen.
 In the overseas market, the Agricultural & Seafood Products Trading Business ended up in the red due to the higher prices of overseas
agricultural products which were caused by ongoing inflation, the strong dollar, the effects of the lockdowns in China, and increased
expenses related to the integration of BCM into the Group.

(Unit: billions of yen)

Business segments

FY ended December 2021

FY ended December 2022

Full Year results

Full Year results

Agricultural &Seafood Products
Trading Business

Other
Adjustment

Total(Cumulative comparison)(Oct-Dec)(Oct-Dec)

AFB

Changes year-on-year

162.5

46.1

216.1

58.3

+53.7

+33.0%

8.3

2.6

12.4

2.7

+4.1

+49.6%

47.3

10.5

55.2

13.1

+7.9

+16.6%

▲ 0.1

▲ 0.0

▲ 0.9

▲ 0.2

▲0.8

-

Net sales

3.4

1.2

3.9

1.4

+0.4

+12.3%

Operating income or loss(△)

0.0

0.1

▲ 0.2

▲ 0.0

▲0.3

-

-

-

-

-

-

-

Operating income or loss(△)

▲ 0.9

▲ 0.4

▲ 0.7

▲ 0.3

+0.2

-

Net sales

213.2

57.9

275.2

72.9

+62.0

+29.1%

7.3

2.3

10.5

2.2

+3.2

+43.8%Net sales
Operating income or loss(△)

Net sales
Operating income or loss(△)

Net sales

Operating income or loss(△)

2023 Nishimoto Wismettac Group All rights reserved.

5

Major Factors Affecting Year-on-Year Changes in Operating Income
Unit: billions of yen

10.5

0.9
7.3

0.0

▲0.8

2.0
▲0.1

1.2

FY2021 Full Year2023 Nishimoto Wismettac Group All rights reserved.

FY2022 Full Year

6

Consolidated Balance Sheet (Summary) Assets, liabilities, and net assets increased from the end of the previous fiscal year due to an increase inboth lease assets and lease obligations, which were the result of the application of the new leasestandard at consolidated subsidiaries in the U.S., along with the impact of the yen’s depreciation, etc.
 Inventories increased by 8.1 billion yen from the end of the previous fiscal year due to an increase ininventories for the purpose of maintaining stable supply in the current unstable logistics situation, as
well as higher purchase costs and the yen’s depreciation. (Since the end of the second quarter, the levelof quarter-to-quarter inventory increase has slowed.)(Unit: billions of yen)

End of 12/2021

End of 12/2022

Main reasonsfor changes

ChangesCash and deposits +10.1, Inventories +8.1,

Current assets

124.7

151.0

+26.3 Trade receivables +6.9

Non-current assets

17.0

28.2

+11.2 Lease assets (net) +9.7

141.8

179.2

+37.4

Current liabilities

36.7

33.6

▲3.1 Short-term loans payable ＋3.1,

Non-current liabilities

45.2

73.6

+28.3 Lease obligations +8.1

Total liabilities

81.9

107.2

+25.3

Total net assets

59.9

72.0

+12.2 Foreign currency translation adjustment +7.3

Total liabilities and net assets

141.8

179.2

+37.4

115.02 yen

132.70 yen+17.68 yen

Shareholders’ equity ratio

42%

40%

▲2pt

Current ratio

340%

449%

+109ptTotal assets

Yen/Dollar exchange rate
(Year-end rate)

2023 Nishimoto Wismettac Group All rights reserved.

Long-term loans payable (within a year) ▲8.8,
Lease obligations +2.1

Long-term loans payable +20.6,

7

Consolidated Statements of Cash Flows (Summary)(Unit: billions of yen)

FY ended December FY ended December
2021
2022
Full Year results

Full Year results

ChangesYear-on year

Main reasons for changes(Change from previous period)
Change in trade payables (▲ denotes adecrease) ▲5.9
Net income before income taxes and others+2.6
Change in inventories (▲ denotes anincrease) +2.9

Cash flows from operating
activities

2.2

▲ 1.2

▲3.3

Cash flows from investing
activities

▲ 0.3

▲ 3.1

▲2.8 increase) ▲1.8

Net change in time deposits (▲ denotes an

Cash flows from financing
activities

9.7

9.9

+0.1

Exchange rate change

3.1

4.5

+1.4

Cash and cash equivalents

FY ended December FY ended December
2021
2022
Full Year results

Cash and cash equivalents
at beginning of period
Net increase (decrease) incash and cash equivalents
Cash and cash equivalents
at end of year

2023 Nishimoto Wismettac Group All rights reserved.

Full Year results

ChangesYear-on year

50.9

65.6

+14.7

14.7

10.1

▲4.6

65.6

75.8

+10.1

Net change in short-term loans payable+2.4
Dividends paid ▲1.2

Remarks8

(Ref.) Sales Composition Ratio by Region*Sales to external customers●Consolidated sales (Entire Group)

Unit: billions of yen

SSP (Germany 2020/2),
C3C (France 2020/7)
joined the WMCGroup as consolidated
subsidiaries

2023 Nishimoto Wismettac Group All rights reserved.

Sco-Fro Group(Scotland 2021/2)
joined the WMCGroup as aconsolidated
subsidiary

BCM (Singapore
2022/1) joined the
WMC Group as aconsolidated
subsidiary9Earnings Forecast
for the Fiscal Year Ending December 2023

2023 Nishimoto Wismettac Group All rights reserved.

FYE 12/2023 Full-Year Earnings Forecast

We aim to increase sales through stable growth in Asian food products, expansion of our sales channels andmarket share, and recovery of sales in the Agricultural & Seafood Products Trading Business.

A slight decline in profit margin is expected due to higher purchase costs and labor and logistics-related expenses.

Continuing investment to strengthen the foundations of existing businesses as well as to promote new businesses.
FY2023

FY2022
Forecasts

Results
Midterm

Midterm

Full YearNet sales

130.7 billion yen

275.2 billion yen

Operating income

6.1 billion yen

10.5 billion yen

5.2 billion yen

Ordinary income

6.4 billion yen

10.8 billion yen

Net income attributable toowners of parent

4.5 billion yen

6.8 billion yen(Average USD exchange rate during the year)(131.43)

Changes year-on-year

Full Year

149.0 billion yen 304.0 billion yen

Midterm

Full Year+18.3 (+14.0%)+28.8(+10.5%)11.0 billion yen▲0.9 (▲14.1%)+0.5(+4.8%)

5.2 billion yen

11.0 billion yen▲1.2 (▲19.3%)+0.2(+2.0%)

3.6 billion yen

7.3 billion yen▲0.9 (▲20.1%)+0.5(+7.1%)(130.00)

Assumption
 The Asian food market (restaurant, take-out, and retail), our mainstay, is expected to continue to expand.
 In Europe, consumption has been slowing since the second half of last year, but we forecast steady growth in the second half of the year
based on relatively stable household savings.
 The exchange rate is assumed to be roughly the same as the average exchange rate for the fiscal year ended December 2022 (USD 1 = JPY 130).
 Despite the monetary tightening policies in many countries that are expected to continue for the time being, we take into account thepossibility that the gaps between domestic and foreign interest rates will narrow towards the second half of the fiscal year due to slowing
inflation in the U.S. and Europe.
Continue to invest aggressively for the future Evolution to a new business model: Promote various initiatives by strengthening the business promotion system for overseas business sites, hiring
specialized personnel, and developing products for new sales channels.
 Strengthen the foundations of existing businesses: Continue to work to improve warehouse operations and logistics systems and promote
operational efficiency and labor-saving measures.
2023 Nishimoto Wismettac Group All rights reserved.

11

FYE 12/2023 Full-Year Earnings Forecast (Existing/New)
Planning
assumption

The yen/dollar exchange rate in the forecast is assumed to be 1$=130 yen

Unit: billions of yen

FY2021Results

FY2022
Results

FY2023
Forecasts

Sales

213.2

275.2

304.0

Profit

7.3

10.5

11.0

Sales

207.3

261.3

286.0

Profit

10.5

12.5

13.2

Sales

159.8

212.9

232.1

Profit

10.5

13.0

13.1

Sales

43.9

44.6

49.4

Profit

▲0.1

▲0.5

0.1

Sales

3.7

3.8

4.6

Profit

0.1

0.0

0.0

Sales

6.0

13.9

18.0

Profit

▲3.2

▲2.0

▲2.2

(USD exchange rate)(109.80)(131.43)(130.00)

Entirecompany

Existing

AFB

Agricultural& Seafood
Products

Domestic
BtoC

New

2023 Nishimoto Wismettac Group All rights reserved.

FY2023 Policies
Despite the headwinds caused by lower profit
margins due to the normalization of the
supply-demand balance and higher SG&A
expenses due to accelerating inflation, theentire Group aims to increase sales and profits.
While AFB will maintain operating income due
to sales increases, we expect improved profits
in the Agricultural & Seafood Products Trading
Business.
Lower profit margins due to the normalizationof the supply-demand balance and higher
SG&A expenses due to inflation will be offset
by increased sales resulting from sales channel
expansion and improved operational efficiency.
The accuracy of purchase and sales plans andprofitability will be improved by enhancing
information-gathering capabilities particularlyin the wholesale market.

We aim to increase sales by expanding the
product lineup and sales channels.

While continuing to invest in creating new
businesses, focus will be maintained on
expanding sales through enhanced sales
channels (mainstream, etc.).

12

(Ref.) Breakdown of Strategic Investment
 Continues to implement initiatives and investments to strengthen the foundations of existing

businesses and evolve into new business models.

AmountMeasures

Aims
1

Expansion
Business Fields

2

Sales Channel
Development andSystem Enhancement(Strengthening
Interregional Cooperation)

3



Diversification of the business portfolio

Building business strategies forstrengthening mainstream sales channel,
etc., and building business strategies fordeepening transactions
Strengthening management andoperational capabilities in each regionStrengthening
Profitability of
Existing BusinessesFurther expansion of the private brandproduct lineup
Development of health-conscious
products
Improve operational efficiency andinformation security
Improve accuracy of SCM operations



Build a more customer-orientedorganization
Strengthen in-house collaboration acrossdivisions and departmentsCapturing growth in overseas markets

Capturing food service businesses
responding to the New Normal lifestyle

4
Development of
New Businesses
Derived from
Existing
Businesses

2023 Nishimoto Wismettac Group All rights reserved.



Creation of new businesses that
integrate food, healthcare, etc. (newsolution development business)

Product development andmainstream sales channel
development in Europe and China(including expenses/billions of yen)

2021

2022

2023

Results

Results

Forecasts

0.5

0.8

0.9

1.2

1.1

1.1



Strengthening of overseas regional
management systems

Enhancement of the productdevelopment divisions

0.1

0.1

0.2



SCM and IT infrastructure
investments

0.0

0.2

0.6



Organizational
revitalization/streamlining

0.5

0.1

0.1



Construction of a mechanism foroverseas export of Japanese
agricultural products

0.2

0.3

0.3

Development of new services tothe restaurant industry (NewNormal eating habits)

0.2

0.1

0.3

2.7

2.7

3.5



13

Business Concept of Developing New Solution
 In order to build a methodology for continuous business creation, we will accelerate thepace of exploring needs and developing solutions.
 Our attention is drawn to macro-socioeconomic dynamics for our business creation, which
are regularly reviewed from the commercial feasibility point of view.

Projects in progressfor commercialization
Needs related to
Eco-friendly
movements
8

Needs
associatedwith changes
in the Food

Industry

2
5
7

9

10

Solutionprovided by 3
Wismettac 2
4(Food, Technology,
Service)

Needs
related to"Deskilled" product development(ready-to-eat product, etc.）

5 Regions

2

Export-support business
utilizing cross-border e-commerce

China

3

Health-conscious food business(including some initiatives by existing
businesses)

China/Japan

4

Business to improve the quality of life
through foods for the sick and elderly

5 Regions5

MedicalCare

6(Healthcare)

0
1

1

6

Needs associatedwith New

BtoB e-commerce platform business forpurchasing food products andingredients
Support for restaurants (foodservice
industry) to start omni-channel sales(incl. ready meals)

Japan

Japan/US

7

Agricultural products export-support
platform business (led by the Agri/Aqua Div.)

Japan/SE Asia8

Distribution of RAS aquaculture
products (led by the existing AFB Business)

Europe9Distribution of plant-based meat andfish products (led by the existing AFB

5 Regions

Business)

Support for resource-saving farming

Lifestyles

Japan/
Australia/
US

10 technology

Identify business ideas and solutions
02022 Nishimoto Wismettac Group All rights reserved.

Collaboration with Startups, universities,
research institutions, and VCs

Japan/ Europe/
China

14

新ソリューション開発に向けた取組状況


For new businesses that have been implemented since last year, we will conduct PoC studies in FY2023 to determine whether
to continue the businesses or review their directions.
By speeding up decision-making on the future potential of businesses through PoC, we will accelerate business creation bymaking effective use of limited resources.

Present

Food

Started distribution of
products to major U.S.
and European retailers

Expansion of
products on themarketSophisticating brandcommunication

Review of marketingmeasures/narrowing
down of products

1

Development of
Deskilled products

2

Export-support business Cross-border e-commerce ofutilizing cross-border
our supplement "NATUMEDICA" products started
e-commerce3

Health-conscious
food business

Development of
nutrient-dense &functional food "Wistrition"

Sales and product improvement through integrated omni-channelmarketing online and offline

4

Business to improve
the quality of life
through foods forthe sick and elderly

Development offood products
for the sick and elderly

Started DtoC sales of "食卓の名医™ (Shokutaku no Meii)"- BtoB sales activities for hospitals and nursing carefacilities underway

5
Technology&
Services

Product
development forthe mainstream
marketAcquisition of Sco-Fro,a Scottish aquatic products(seafood and processing)

FY23 Initiatives

60Acquisition of BCM,
a Singaporean wholesalerof fruits/vegetables andprocessed foods

Development
BtoB e-commerce
Development of an e-commerce platform
completed
platform business forto facilitate the purchase of food/ingredients- JV establishedpurchasing foodfor BtoB transactions
with partners
products and ingredients
Support for restaurants
Research & Design
Support business for ready-meal service provider(foodservice industry)
for Cloud Kitchen- Launch of proof-of-concept(PoC): WisChef
to start omni-channel
sales (incl. ready meals)

Collaboration with
Startups, universities,
10 research institutions,and VCs

Ideation activities in collaboration with domestic andforeign universities, research institutes, andCVC(Corporate Venture Capital)

2023 Nishimoto Wismettac Group All rights reserved.

Overseas sales
channeldevelopment

Delivery to major
specialty retailers

Purchase of IP usage rights

Review

PoC start(*) Items 7, 8, and 9 are not included in the above roadmap as they are being implemented as existing businessor are derived from existing business.

15

Policy of Returning Profits to Shareholders

2023 Nishimoto Wismettac Group All rights reserved.

Policy of Returning Profits to Shareholders
 The company will continue to pay stable dividends while securing internal reserves for futurebusiness development and strengthening the financial structure.

Basic Policy

 The company considers the dividend payout ratio as an important indicator and aims for a
consolidated dividend payout ratio of approximately 30% for the full year.
 The year-end dividend will be 75 yen per share as announced in the second-quarter financial results.

FY2022(Year-end) The annual dividend will be 145 yen per share, the highest dividend for the second consecutive year
since the Company was listed.
 The full-year dividend payout ratio is 30.5%.

Dividends
Forecast
FY2023

 Dividend per share: The annual dividend will be 150 yen (interim dividend: 70 yen, year-end
dividend: 80 yen)
 Dividends will be determined in consideration of the above basic policy, the Group’s businessenvironment, and the future business outlook.

Dividend per share（yen）

Year-end
dividend75

Year-end
dividend
80

Interimdividend
70

Interimdividend
70

FY ended
December 2022
(Forecasts)

FY ending
December 2023
(Forecasts)

Year-end
dividend
70

Interim dividend
Not paidInterimdividend
35

FY ended
December 2020
(Results)

FY ended
December 2021
(Results)

2023 Nishimoto Wismettac Group All rights reserved.

17

Wismettac Group Profile◆Two spheres symbolizing the Earth and Globalism Red is used to show Innovation, green represents Nature Expresses the Company’s “lasting commitment tocreating healthier and richer lives through food”◆Incorporates the letters “W” “M” and “C” fromthe Company name2023 Nishimoto Wismettac Group All rights reserved.

< Wisdom > (Western knowledge)< Metta >(Eastern knowledge)(Metta means kindness or empathy in Pali,an ancient Indian language)< Creativity > (Ability to create value)Wismettac's "Purpose" and "Mission"

PurposeStatement
Contribution to society as acompany in the food industry

MissionStatement
Our business model to bring our
Purpose a reality

Contribute to the well-being of humanity throughproviding the most cutting-edge and powerfulsolutions to customers and the food industry aroundthe world
To bring our Purpose a reality, we actively search global
best-in-class solutions for unmet needs and issues
which shall be brought to our attention throughour day-to-day close interactions with customers andthe food industry around the world.
In other words, we will be the link between the most
cutting-edge and best fit solutions and the issues orunmet needs identified through our global network.
To accomplish our mission,
we will commit ourselves to evolving our cross-border supply
chain into the "Silk Road in Food Industry."
Providing Japanese food, fruit andvegetables, and imported processed foods→

Providing every type of solutions
from food to technology and services"From Japan to the World" &"From the World to Japan"→“World-to-World"- Interactive business in five regions

2023 Nishimoto Wismettac Group All rights reserved.

19

The Mission of Wismettac
We will ➀ strengthen further the supply chain functions we have cultivated to date, ② develop "service and technology"
solutions for needs identified through our network within the food industry in the 5Rs (five regions around the world), ➂ open
up our "Silk Road" for external research institutes and start-up companies, and ④ expand products and services around the 5Rs
through our Silk Road

Suppliers“Become the link between the most cutting-edge and best fit
solutions and the issues or unmet needs for the food industry
across the regions”

Customers

Development and Expansionof Solution

5R

5R

Needs
identification

3

North
America

Start-ups
Solution identificationand development

2

Europe

China

1

North
America3

Technology & Services"Silk Road"

4Southeast
Asia

Research
institutes,
IP owners

Food products
Expanded Supply Chain Function

Europe4

China

Southeast
Asia

Product development/PB label
Logistics

Japan

Trade management and food safety

Japan

Sourcing , contract packing arrangements and in-house production

2023 Nishimoto Wismettac Group All rights reserved.

* Excerpt from Mid-Term Business Plan materials announced in May 2022

20

Nishimoto Wismettac: Corporate Profile
Founded in 1912, Nishimoto Wismettac has grown into a global company supplying food ingredientsand food products to markets worldwide.
Company nameNishimoto Co., Ltd.

Head office

15th Floor, Nihonbashi Muromachi Mitsui Tower, 3-2-1, Nihonbashi Muromachi, Chuo-ku,
Tokyo

EstablishedMay 1912

The Wismettac Group has celebrated the 110th anniversary of its founding in 2022.

Representative directors

Yoshiro Susaki, Chairman & CEO

Number of employees

2,004 (including 1,541 in the Asian Food Global Business) [As of December 31, 2022]
 Development and sales of Asian food worldwide

Business

 Imports and sales of fruit, vegetables and related processed products, and supply offood ingredients to food manufacturers and the restaurant sector
Subsidiaries and affiliates

Business sites

23 subsidiaries, 1 affiliate [As of December 31, 2022]
45 worldwide (including 24 in North America)
Locations in Japan, the U.S., Canada, Singapore, Australia, Netherlands, U.K., Germany,
France, China, Hong Kong, Thailand, Vietnam and South Korea

Consolidated net sales

275.2 billion yen (FY ended December 2022)

Consolidated ordinary
income10.8 billion yen (FY ended December 2022)

Shareholders’ equity ratio* Overseas sales ratio 79.6%

39.9% (FY ended December 2022)

2023 Nishimoto Wismettac Group All rights reserved.

21

Wismettac Group in Japan and Abroad
The Company Group maintains 45 locations around the world in North America, Europe, Australia, and Asia and isdeveloping business globally. Among these, North America (the US and Canada) has 24 locations, which account forthe majority of sales.

・COMPTOIRS DES 3 CAPS・COMPTOIRS OCEANIQUES・TROPIC FISH
SSP Konsumgüter TRADE & CONSULT GmbH
Berlin Office

Calgary Office

Wismettac EMEA Holdings Limited

Denver Office(Established in January 2023)

Wismettac Asian Foods,
Inc. (Canada)

Wismettac Harro Foods Limited
Nishimoto Co., Ltd.
WF Seoul Representative Office

Wismettac Foods, Inc.

NTC Wismettac Europe B.V.
Sco-Fro Group Limited

Privateport Co., Ltd.

Las Vegas Office
Seattle Office
Sacramento Office

Wismettac Foods Shanghai Co., Ltd.

San Francisco Office

IPM Co., Ltd.

Wismettac Asian Foods,
Inc.

Nippon Foods Co., Ltd.

Hawaii Office

SIM BA TRADING JTC
WF Ho Chi Minh Representative Office

WF Bangkok Representative Office

NTC Wismettac Singapore Pte. Ltd.

Chicago Office
Toronto OfficeMontreal Office
Boston Office
New York Office
Washington, DC OfficeRaleigh Office
Ohio Office

WF Kobe Branch

San Diego OfficeMiami Office

Arizona OfficeOrlando Office

Houston OfficeAtlanta Office

Dallas Office

Ban Choon Marketing Pte. Ltd.
NTC Wismettac Australia Brisbane Office
NTC Wismettac Australia Pty Ltd.
NTC Wismettac Australia Perth Office

NTC Wismettac Australia Melbourne Office“WF” shown in the figure is an abbreviation for “Wismettac Foods”

2023 Nishimoto Wismettac Group All rights reserved.

22

Disclaimer
These materials are intended to provide financial information, management information, etc. of Nishimoto Co.,
Ltd. and its affiliated companies (hereinafter collectively referred to as “the Company”), but the Company makes
no representation or warranty regarding the content of these materials.
The plans, strategies, operating results forecasts, etc. of the Company in these materials may include information
on forward-looking statements, which are based on information currently available to the Company, and include
risks and uncertain elements in relation to economic trends, competition in the industry, market demand,
foreign exchange rates, taxation system, various systems, etc. Therefore, actual operating results that will be
published in the future may differ due to these elements, and the Company does not assume any liability for any
damage arising from the use of information in these materials. Furthermore, the Company is under noobligation to revise and publish future forecasts in these materials based on new information or future events.
The Company pays close attention when preparing these materials; however, please note:• The Company does not assume any liability for any damage arising from any causes including, but not limited
to, any errors in the information presented, falsification of data by a third party, and any failure arising fromdownload of data; and• If there is a discrepancy between the Japanese version and the English version (if any) of published materials,
the Japanese version shall take precedence, and the Company does not assume any liability for any damage
arising from misunderstanding due to translation.
The information in these materials is not intended to solicit investments. When any investment is actually made,please refrain from completely relying on the information in these materials to make an investment decision,and make the decision based on your own judgment.

[Contact]
Nishimoto Co., Ltd.
Corporate Planning Dept.
TEL: 03-6870-2015

2023 Nishimoto Wismettac Group All rights reserved.