Consolidated Financial Results for the First Quarter of the Fiscal Year Ending December 31, 2024
(Japanese GAAP)May 15, 2024

Company name: Nishimoto Co., Ltd.
Listed exchange: Tokyo
Code:
9260
URL: https://www.wismettac.com/
Representative:
Yoshiro Susaki, Chairman & CEO
Contact:
Yuji Sasa, President, Director of the board, COO, CFO(Phone) 03-6870-2015
Scheduled date of filing of quarterly report:
May 15, 2024
Scheduled date of commencement of dividend payments:—
Preparation of supplementary materials for quarterly financial results: Yes
Holding of quarterly financial results presentation meeting:No(Amounts are rounded down to the nearest million yen)

1.

Consolidated financial results for the first quarter of the fiscal year ending December 31, 2024
(from January 1, 2024 to March 31, 2024)(1) Consolidated results of operations (cumulative)
Net sales(Percentages denote year-on-year changes)
Profit attributable toOrdinary income
owners of parent

Operating income

Million yen%

Million yen%

Million yen%

Million yen

%

1,562

(53.7)

925(59.9)

3,370

5.4

2,310

6.8

First quarter of FY ending
80,20315.0
1,407(55.6)
December 31, 2024
First quarter of FY ended
69,765
18.2
3,167
9.1
December 31, 2023
(Note) Comprehensive income
First quarter of FY ending December 31, 2024: 5,746 million yen (98.9%)
First quarter of FY ended December 31, 2023: 2,889 million yen (-48.0%)
Diluted net income per
Net income per share
share
First quarter of FY ending
December 31, 2024
First quarter of FY ended
December 31, 2023

Yen

Yen

64.78

64.25

161.01160.11(2) Consolidated financial position
Total assets

Net assets

Million yen

As of March 31, 2024
222,935(FY 2024 1Q)
As of December 31, 2023
212,479(FY 2023)(Reference)
Shareholders' equity
First quarter of FY ending December 31, 2024:
FY ended December 31, 2023:

2.

Equity ratio

Million yen%

83,872

37.6

79,86637.6

83,856 million yen
79,849 million yen

Dividends
Annual dividends
First quarter-end
Yen

Secondquarter-end

Third quarter-end
Yen

Yen

Year-end

Total
Yen

Yen

FY ended December 31, 2023
–
80.00
–
80.00
160.00FY ending December 31, 2024–
FY ending December 31, 2024
60.00
36.66
(Forecast)(Note) Revision to the forecast for dividends announced most recently: Yes
1. For details, please refer to the Notice Regarding Revision of Consolidated Earnings Forecast and Dividend Forecast for the
Fiscal Year Ending December 2024, which was published today.
2. At the meeting of our Board of Directors held on February 14, 2024, we resolved to split its common shares at a rate of three toone, and the effective date is July 1, 2024. The dividend at the end of the second quarter of the term ending December 2024
(forecast) indicates the dividend prior to the share split, and the dividend at the end of the term (forecast) indicates the dividend
that takes the share split into consideration. If the share split is not taken into account, the year-end dividend for the term ending
December 2024 (forecast) is 110.00 yen per share, and the annual dividend is 170.00 yen per share.

3.

Consolidated financial results forecast for the fiscal year ending December 31, 2024
(from January 1, 2024 to December 31, 2024)

Net sales
Million yen(Percentages denote year-on-year changes)
Profit attributable to Net income per
Ordinary income
owners of parent
share

Operating income%

Million yen%

Million yen%

Million yen%

Yen

First half of FY ending
165,000
12.8
4,000 (30.3)
4,500 (30.3)
3,000 (31.5)
210.20December 31, 2024
FY ending December
354,000
17.7
12,0008.9
12,500
0.4
8,000
27.6
186.9731, 2024(Note) Revision to the forecast for financial results announced most recently: Yes
1. For details, please refer to the Notice Regarding Revision of Consolidated Earnings Forecast and Dividend Forecast for the
Fiscal Year Ending December 2024, which was published today.
2. At the meeting of our Board of Directors held on February 14, 2024, we resolved to acquire our own shares, which was
implemented on February 15, 2024. At the meeting of our Board of Directors held on February 29, 2024, we resolved todispose of the treasury stock, which was implemented on March 30, 2024. The net profit per share in the forecast of
consolidated financial results for the term ending December 2024 takes the effects of the acquisition and disposal of thetreasury stock into consideration.
3. At the meeting of our Board of Directors held on February 14, 2024, we resolved to split our common shares at a rate of three
to one, and the effective date is July 1, 2024. The full-year net profit per share takes the effects of the share split into account.
If the effects of the share split are not taken into account, the full-year net profit is 560.90 yen per share.

* Notes(1) Changes in significant subsidiaries during the first three months of the fiscal year :(Changes in specified subsidiaries resulting in changes in the scope of consolidation)
New — company(Company name) —Excluded — companies

None(Company name) —(2) Application of accounting treatment specific to the preparation of quarterly consolidated
financial statements:(3) Changes in accounting policies, changes to accounting estimates, and restatements(i) Changes in accounting policies due to revisions of accounting standards

Yes

None

(ii) Changes in accounting policies other than (i) aboveNone(iii) Changes in accounting estimatesNone(iv) Restatements

None(4) Number of shares outstanding (common stock)(i) Number of shares outstanding at the end of
the period (including treasury shares)(ii) Number of treasury shares at the end of theperiod(iii) Average number of shares during the period(three months ended March 31, 2024)

As of March 31,
December 31,
14,353,140 shares
14,353,140 shares
2024
2023
As of March 31,
December 31,
99,441 shares
241 shares
2024
2023
As of March 31,
March 31,
14,290,279 shares
14,352,920 shares
2024
2023

* These quarterly financial results are not subject to quarterly review procedures.
* Explanation of the proper use of financial results forecasts and other notes(Cautionary note on forward-looking statements, etc.)
The forward-looking statements such as financial results forecasts contained in this document are based on information currently
available to the Company and certain reasonable assumptions. Thus, these statements are not intended for management to promise theachievement of the forecast. Actual financial results may differ materially due to various factors. For conditions of the assumptions in
the forecast and notes to use of the forecast, please see the section titled "(3) Explanation of future forecasts such as consolidated financial
results forecasts" under the chapter titled "1. Qualitative information on quarterly financial results" on the page 4 of the attachment.
(How to obtain the quarterly financial results supplementary materials)
The quarterly financial results supplementary materials will be disclosed on TDnet on May 15, 2024 and will also be posted on the
Company's website.

Nishimoto Co., Ltd. - Consolidated Financial Results for the First Quarter of the Fiscal Year Ending December 31, 2024

 Attachment: Table of Contents
1. Qualitative information on quarterly financial results.............................................................................................. 2(1) Explanation of operating results ........................................................................................................................ 2(2) Explanation of financial position ....................................................................................................................... 4(3) Explanation of future forecasts such as consolidated financial results forecasts ................................................ 4
2. Quarterly consolidated financial statements and major notes .................................................................................. 5(1) Quarterly consolidated balance sheet ................................................................................................................. 5(2) Quarterly consolidated statements of income and comprehensive income ........................................................ 7
Quarterly consolidated statement of income ...................................................................................................... 7
First three months ended March 31, 2024 ................................................................................................... 7
Quarterly consolidated statement of comprehensive income ............................................................................. 8First three months ended March 31, 2024 ................................................................................................... 8(3) Notes to the quarterly consolidated financial statements ................................................................................... 9(Notes to assumption of going concern) ............................................................................................................ 9(Notes on significant changes in shareholders' equity) ...................................................................................... 9(Application of accounting treatment specific to the preparation of quarterly consolidated financial
statements) ......................................................................................................................................................... 9(Segment information) ....................................................................................................................................... 9–1–

Nishimoto Co., Ltd. - Consolidated Financial Results for the First Quarter of the Fiscal Year Ending December 31, 2024

1. Qualitative information on quarterly financial results(1) Explanation of operating results
Forward-looking statements in the document are based on the judgment of the Company Group as of the end of the first quarterof the current consolidated fiscal year.

[Outline of the first quarter of the current consolidated fiscal year]
During the first three months of the current consolidated fiscal year, the growth of the world economy remained low because of
the effects of the high prices of resources and sluggish consumption due to rising prices. The U.S. economy continued to bestrong, but the future of the world economy remained uncertain as the Chinese economy slowed down, the European economy
stagnated, the Ukrainian situation was prolonged, and the Middle Eastern conflicts became increasingly tense, raising concern
about the impact on energy prices.
Under these circumstances, our Company Group, as a global food-related company, has been striving to deliver products safely
and stably while responding to various changing business environments. The main businesses of the Company Group are the
Asian Food Global Business, which sells Japanese and other Asian foods and food ingredients mainly in North America, but alsoin Europe, China, Southeast Asia, Australia, etc., and the Agricultural Products Trading Business, which engages in domestic
sales of fruits and vegetables, as well as export and trilateral trade. We are also engaged in the business of selling overseas
branded food products, seasonal products planned and developed in-house, and character products to imported food stores andgeneral merchandise stores in Japan, as well as the business of manufacturing and selling natural supplements. In addition, we
aim to become a company that identifies and provides solutions to various issues facing the food industry, by developing
businesses in new areas where 'food' and 'healthcare' converge, and providing solutions using digital technology for companies
involved in the food industry.
In the Asian Food Global Business, we have aggressively pursued structural reforms to achieve sustainable and stable earnings
in our core region of North America and to expand our operating base outside North America, which is one of our growthstrategies. In the Agricultural Products Trading Business, in addition to sales for wholesale markets, mass retailers, home meal
replacement industries, restaurant chains, and other clients in Japan, the Company has worked on the development of new
overseas distribution routes through export of domestic fruits and vegetables and offshore trading, as well as wholesale businessin China, and so forth.
As a result, with respect to the financial results for the first quarter of the current consolidated fiscal year, net sales stood at
80,203 million yen (15.0% increase year-on-year), operating income amounted to 1,407 million yen (55.6% decrease year-onyear), ordinary income amounted to 1,562 million yen (53.7% decrease year-on-year), and profit attributable to owners of parent
totaled 925 million yen (59.9% decrease year-on-year).
Starting from the first quarter of the current consolidated fiscal year, the name of the reporting segment was changed from theprevious “Agricultural & Seafood Products Trading Business” to the “Agricultural Products Trading Business.” This change
involves only the change of the reporting segment name and does not have any effects on segment information.
Financial results by segment are as follows: It is noted that net sales of segments are net sales to external customers.

[Outline of operating results by segment](i) Asian Food Global BusinessIn the Asian Food Global Business, for the first quarter of the current consolidated fiscal year, the Company had net sales of
65,841 million yen (18.6% increase year-on-year) and operating income of 2,695 million yen (23.2% decrease year-on-year).
In the North America region, supported by steady consumer spending and other factors, net sales continued to be strong as
those for groceries grew compared to the same period of the previous year. The expansion of sales to major grocery chains, thepromotion of switching from national brands to private labels, and sales activities focused on market share retention have beensuccessful.
In terms of profit, the Company strove to maintain the profit margin through appropriate price pass-through and other measures,
but expenses grew mainly due to salary adjustments to retain human resources and broad-based price increases. In addition,
factors such as growth investments based on the Medium-term Business Plan increased the overall expenses. As a result, profits
declined compared to a year earlier.
In Europe, although the sluggish economy continued, inflationary pressure abated, allowing the Company to maintain strong
financial results. In addition, since the financial results of the Uniontrade Group in Italy, which was acquired in October of theprevious year, were included starting from the first three months of the current consolidated fiscal year, net sales grew comparedto the same period of the previous year.

–2–

Nishimoto Co., Ltd. - Consolidated Financial Results for the First Quarter of the Fiscal Year Ending December 31, 2024

In Asia and Oceania, as in Europe, economic growth slowed down mainly because inflation continued, but net sales rosecompared to a year earlier as the Company passed price rises onto customers appropriately and sales for chain restaurants
continued to be strong.

(ii) Agricultural Products Trading BusinessIn the Agricultural Products Trading Business, for the first quarter of the current consolidated fiscal year, the Company had net
sales of 12,929 million yen (0.1% decrease year-on-year) and operating loss of 807 million yen (operating loss of 41 million
yen in the same period of the previous year).
Net sales fell compared to the same period of the previous year mainly because overseas subsidiaries took sales measures that
focused on profitability as the sluggish economy continued and the Company missed sales opportunities due to effects such as
poor harvests by producers and unstable maritime transport, even though the Company strove to pass sharp rises in the prices
of imported vegetables and fruits, its key products, onto customers as the depreciation of the yen continues and achieved
comparatively steady shipments of exports to overseas markets.
Profitability declined mainly because of soaring costs due to rapid fluctuations in the exchange rate. In addition, the Company
strove to pass rises in the prices of imported citrus fruits, its key products, onto customers as their costs soared while rises intheir selling prices affected their sales volumes. Furthermore, expenses increased mainly due to the maintaining of personnel
and the introduction of the ERP system, and early investments were made for the development of new businesses based on theMedium-Term Business Plan. For these and other reasons, profits fell compared to the same period of the previous year.
(iii) Other businesses
In other businesses, for the first quarter of the current consolidated fiscal year, the Company had net sales of 1,432 million yen(11.3% increase year-on-year) and operating income of 5 million yen (91.8% decrease year-on year).
In the mainstay imported food sales business, sales of imported daily brand-name products remained sluggish mainly due tothe effects of fluctuating exchange rates, but the Valentine’s Day event, which is the biggest sales battle of the industry, wassuccessful, and the supplement business continued to be strong as well. As a result, the overall net sales for other businesses
grew compared to a year earlier.
Although the Company strove to pass price rises onto customers as costs soared due to the effects of fluctuating exchange rates,
event-related expenses rose mainly due to sharp rises in personnel expenses caused by inflation, and as a result, profits fellcompared to the same period of the previous year.

–3–

Nishimoto Co., Ltd. - Consolidated Financial Results for the First Quarter of the Fiscal Year Ending December 31, 2024

(2) Explanation of financial position(Assets)
Total assets as of March 31, 2024 stood at 222,935 million yen, an increase of 10,456 million yen compared to December 31,
2023, and was mainly attributable to the following.
Total current assets as of March 31, 2024 amounted to 185,056 million yen, an increase of 7,464 million yen compared to
December 31, 2023. The increase in current assets was due to an increase of 3,859 million yen in cash and deposits, anincrease of 2,308 million yen in inventories, and an increase of 1,265 million yen in notes and accounts receivable—trade.
Total non-current assets as of March 31, 2024, came to 37,879 million yen, an increase of 2,991 million yen compared to
December 31, 2023. The increase in non-current assets was due to an increase of 2,167 million yen in leased assets, net.
(Liabilities)
Total liabilities as of March 31, 2024 stood at 139,063 million yen, an increase of 6,450 million yen compared to December
31, 2023, and was mainly attributable to the following.
Total current liabilities as of March 31, 2024, amounted to 58,303 million yen, an increase of 10,554 million yen compared to
December 31, 2023. The increase in current liabilities was due to an increase of 6,831 million yen in the current portion of
long-term borrowings and an increase of 1,155 million yen in short-term borrowings.
Total non-current liabilities as of March 31, 2024 was 80,759 million yen (a decrease of 4,104 million yen compared to
December 31, 2023). The decrease in non-current assets was due to an increase of 1,883 million yen in lease obligations, which
offset a decrease of 5,838 million yen in long-term loans payable.
(Net assets)
Total net assets as of December 31, 2024 amounted to 83,872 million yen, an increase of 4,006 million yen compared to
December 31, 2023. The major reasons for the increase in net assets were a decrease of 597 million yen in shareholders’ equity
due to the acquisition of treasury stock (acquisition of 752 million yen’s worth of shares and the disposal of 155 million yen’s
worth of shares) and an increase of 4,789 million yen in foreign currency translation reserve.

(3) Explanation of future forecasts such as consolidated financial results forecasts
We decided to revise the forecasts of consolidated financial results for the term ending December 2024, which were published
on February 14, 2024, while taking factors such as the current business conditions and the effects of drastic structural reforms
for the Agricultural Products Trading Business into consideration.
For details, please refer to the Notice Regarding Revision of Consolidated Earnings Forecast and Dividend Forecast for the Fiscal
Year Ending December 2024, which was published today.

–4–Nishimoto Co., Ltd. - Consolidated Financial Results for the First Quarter of the Fiscal Year Ending December 31, 2024

2. Quarterly consolidated financial statements and major notes(1) Quarterly consolidated balance sheet
FY 2023(As of December 31, 2023)
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable—trade
Inventories
Other
Allowance for doubtful accounts(Millions of yen)First quarter of FY 2024
(As of March 31, 2024)

93,94233,39846,5304,186(466)

97,802
34,663
48,8394,306(556)

177,591

185,056

3,775
638
353
12,850
926

3,846
746
361
15,017
1,154

18,544

21,125Intangible assets
Goodwill
Software
Software in progress
Customer-related assets
Other

8,298
1,759
244
3,486
45

8,421
1,742
308
3,509
40

Total intangible assets

13,834

14,022

Investments and other assets
Investment securities
Guarantee deposits
Deferred tax assets
Other

575
1,042
776
114

638
1,048
920
125

2,509

2,732

Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Machinery, equipment and vehicles, net
Tools, furniture and fixtures, net
Leased assets, net
Other, net
Total property, plant and equipment

Total investments and other assets
Total non-current assets
Total assets–5–34,88837,879212,479

222,935

Nishimoto Co., Ltd. - Consolidated Financial Results for the First Quarter of the Fiscal Year Ending December 31, 2024

FY 2023(As of December 31, 2023)
Liabilities
Current liabilities
Notes and accounts payable—trade
Short-term loans payable
Current portion of long-term loans payable
Lease obligations
Accounts payable—other
Income taxes payable
Provision for bonuses
Provision for directors' bonuses
Provision for share-based remuneration
Provision for shareholders' benefits
Other
Total current liabilities
Non-current liabilities
Long-term loans payable
Lease obligations
Deferred tax liabilities
Provision for bonuses
Provision for share-based remuneration
Net defined benefit liability
Other
Total non-current liabilities(Millions of yen)First quarter of FY 2024
(As of March 31, 2024)

19,062
12,805
3,258
2,795
3,142
192
1,182
167
296
22
4,821

20,018
13,961
10,090
3,245
3,652
707
1,272
182
531
21
4,619

47,74858,30370,051
10,352
968
21
937
106
2,426

64,213
12,236
1,049
4
593
111
2,550

84,86480,759Total liabilities

132,613139,063

Net assets
Shareholders' equity
Capital stock
Capital surplus
Retained earnings
Treasury shares

2,646
6,145
56,479
(1)

2,646
6,150
56,256(598)

65,27064,455

Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment

Total shareholders' equity

25(8)
14,56137
13
19,351

Total accumulated other comprehensive income

14,57919,401

Non-controlling interests
Total net assets
Total liabilities and net assets

–6–

17

15

79,866

83,872

212,479

222,935

Nishimoto Co., Ltd. - Consolidated Financial Results for the First Quarter of the Fiscal Year Ending December 31, 2024

(2) Quarterly consolidated statements of income and comprehensive income
Quarterly consolidated statement of income
First three months ended March 31, 2024

Net sales
Cost of sales

First three months of FY 2023
(January 1, 2023
to March 31, 2023)
69,76555,179(Millions of yen)First three months of FY 2024
(January 1, 2024
to March 31, 2024)
80,20363,419Gross profit

14,586

16,784

Selling, general and administrative
expenses

11,41815,376

Operating income

3,167

1,407

361

562

15

6

6

47

1

-

Non-operating income
Interest and dividend income
Share of profit of entities accounted forusing equity method
Foreign exchange gains
Reversal of allowance for doubtful
accounts
Other
Total non-operating income
Non-operating expenses
Interest expenses
Other
Total non-operating expenses
Ordinary income

48

32

434

649

222
7

470
24

230

494

3,370

1,562

Extraordinary income
Total extraordinary income--

Extraordinary losses
Business restructuring expenses

111

33

Total extraordinary losses

111

33

Profit before income taxes

3,259

1,528

Income taxes—current
Income taxes—deferred

950
(11)

665
(61)

Total income taxes
Net income
Profit (loss) attributable to non-controllinginterests
Profit attributable to owners of parent

–7–

939

604

2,320

924

9

(1)

2,310

925

Nishimoto Co., Ltd. - Consolidated Financial Results for the First Quarter of the Fiscal Year Ending December 31, 2024

Quarterly consolidated statement of comprehensive income
First three months ended March 31, 2024

Net income
Other comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Share of other comprehensive income of entities
accounted for using equity method

First three months of FY 2023
(January 1, 2023
to March 31, 2023)
2,320(Millions of yen)First three months of FY 2024
(January 1, 2024
to March 31, 2024)
924

(1)
26
536

11
21
4,769

5

20

Total other comprehensive income
Comprehensive income(Breakdown)Comprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests

–8–

568

4,822

2,889

5,746

2,864

5,748

24

(1)

Nishimoto Co., Ltd. - Consolidated Financial Results for the First Quarter of the Fiscal Year Ending December 31, 2024

(3) Notes to the quarterly consolidated financial statements(Notes to assumption of going concern)
No relevant items.
(Notes on significant changes in shareholders' equity)
No relevant items.
(Application of accounting treatment specific to the preparation of quarterly consolidated financial statements)
Calculation of tax expenses
The tax expenses of some of non-Japan consolidated subsidiaries were calculated by multiplying net income before taxes by aneffective tax rate, which was estimated as the rate after the application of tax effect accounting to net income before taxes for the
fiscal year including the first quarter of the fiscal year.
(Segment information)
First three months of the fiscal year (from January 1, 2023 to March 31, 2023)
1.

Information related to net sales and profits/losses by reporting segment and decomposition of income(Millions of yen)
Reporting segment

Net sales
Japan
North America
EuropeOther
Revenue from contracts withcustomers
Sales to external customers
Intersegment sales or transfers
Total
Segment profit

Amounts recordedin the quarterly
consolidated
statement of income(Note 2)Asian Food
Global Business

Agricultural
Products
Trading
Business

Other business

1,683
40,351
10,266
3,237
55,538

10,074
2,865
12,939

1,287
1,287

13,04440,351
10,266
6,102
69,765-

13,04440,351
10,266
6,102
69,76555,538516
56,054
3,510

12,93912,939
(41)

1,287
1,287
61

69,765516
70,281
3,531

(516)
(516)
(364)

69,76569,765
3,167

Total

Adjustment(Note 1)

(Note) 1. "Adjustment" for segment profit or loss in the amount of (364) million yen includes (0) million yen for elimination ofintersegment transactions and (363) million yen for company profit/loss not allotted to reporting segments (netcompany profits and net company expenses). Company profits consist mainly of management guidance fees from
reporting segments, and company expenses mainly comprise general and administrative expenses not attributed toreporting segments.
2. The segment profit or loss is reconciled with the operating income on the Quarterly Consolidated Statement of Income.
2.

Information related to impairment loss of non-current assets and goodwill by reporting segment
No relevant items.

–9–Nishimoto Co., Ltd. - Consolidated Financial Results for the First Quarter of the Fiscal Year Ending December 31, 2024

First three months of the fiscal year (from January 1, 2024 to March 31, 2024)
1.

Information related to net sales and profits/losses by reporting segment and decomposition of income(Millions of yen)
Reporting segment
Asian Food
Global BusinessNet sales
Japan
North America
EuropeOther
Revenue from contracts with customers
Sales to external customers
Intersegment sales or transfers
Total
Segment profit

Agricultural
Products
Trading
Business

2,129
44,944
15,3883,379
65,841
65,841
6
65,8482,695

Other business

10,835
2,093
12,92912,92912,929
(807)

1,432
1,432
1,432
2
1,434
5

Total

Adjustment(Note 1)

14,39744,944
15,3885,473
80,20380,203
8
80,212
1,893

(8)
(8)
(485)

Amounts recordedin the quarterly
consolidated
statement of income(Note 2)
14,39744,944
15,3885,473
80,20380,20380,203
1,407(Note) 1. "Adjustment" for segment profit or loss in the amount of (485) million yen includes (0) million yen for elimination ofintersegment transactions and (485) million yen for company profit/loss not allotted to reporting segments (netcompany profits and net company expenses). Company profits consist mainly of management guidance fees from
reporting segments, and company expenses mainly comprise general and administrative expenses not attributed toreporting segments.
2. The segment profit or loss is reconciled with the operating income on the Quarterly Consolidated Statement of Income.
2.

Matters related to changes in reporting segments(Change of the name of the reporting segment)
Starting from the first quarter of the current consolidated fiscal year, the name of the reporting segment was changed from theprevious “Agricultural & Seafood Products Trading Business” to the “Agricultural Products Trading Business.” This change
involves only the change of the reporting segment name and does not have any effects on segment information. The new nameis used for the reporting segment in the first three months of the previous consolidated fiscal year as well.

3.

Information related to impairment loss of non-current assets and goodwill by reporting segment
No relevant items.

– 10 –