Supplementary Materials to
Financial Results
First Quarter of the Fiscal Year Ending December 2024

Nishimoto Co., Ltd.
May 15, 2024

2024 Nishimoto Wismettac Group All rights reserved.

0Table of Contents
2024 Nishimoto Wismettac Group All rights reserved.

1.

Summary2.

Summary of Financial Results for the First quarterof the Fiscal Year Ended December 2024

3.

Revision of Forecasts of Consolidated Financial
Results for the Fiscal Year Ending December 2024

4.

(Reference) Progress of strategic investments andother plans

5.

(Reference) Wismettac Group Profile1

Summary
Financial Results for the First Quarter of the FYE12/2024◆ Net sales grew YoY mainly in the Asia Food Global Business (AFB), the company’s key business unit.

◆ The company secured gross profit mainly due to acquisition effects in the AFB, but operating/ordinary income and net profit fell YoY primarily because of anincrease in selling and administrative expenses in North America and other regions and losses reported in the Agricultural Products Trading Business in Japan.
2023/1Q

Net sales

69.8 billion yen

Operating income

3.2 billion yen

Ordinary income

3.4 billion yen

Quarterly net profit

2.3 billion yen*2024/1Q

Net sales 80.2 billion yen

Operating income

1.4 billion yen

Ordinary income

1.6 billion yen

Quarterly net profit

0.9 billion yen*(*) Quarterly net profit attributable to owners of parent

Revision of FYE 12/2024 forecasts of consolidated financial results◆ The interim and full-year forecasts of consolidated financial results have been revised while considering the current business conditions, the efforts being made forvarious measures before they are implemented, the effects of such measures on the current term’s financial results, and other factors.
[Before the revision][After the revision]

Full year

Net sales

354.0 billion yen

Operating income

15.0 billion yen

Ordinary income 15.0 billion yen

Net profit 9.0 billion yen*(Interim)(165.0 billion yen)

(7.0 billion yen)

(7.0 billion yen)

(4.5 billion yen*)

Full year

Net sales 354.0 billion yen

Operating income 12.0 billion yen

Ordinary income 12.5 billion yen

Net profit 8.0 billion yen*

(4.0 billion yen)

(4.5 billion yen)

(3.0 billion yen*)(Interim)(165.0 billion yen)(*) Quarterly/full-year net profit attributable to owners of parent◆ There is no change to the average exchange rate during the term ($1.00=135 yen; €1.00=145 yen)

◆ The guideline is to maintain the consolidated full-year payout ratio at around 30%. The dividend forecasts have been revised in line with the revision of the interim
and full-year forecasts of consolidated financial results.
[Before the revision]

Interim

90 yenYear-end

100 yen (33.33 yen after the share split)

Full year

190 yen (63.33 yen after the share split)*[After the revision]

Interim

60 yenYear-end

110 yen (36.66 yen after the share split)

Full year

170 yen (56.66 yen after the share split)*(*) The company plans to split its shares at a rate of three to one on June 30, 2024. The amount of dividend for the full year is based on the amount of interim dividend that would be paid if the share split is carried out.

2024 Nishimoto Wismettac Group All rights reserved.

2

Table of Contents
2024 Nishimoto Wismettac Group All rights reserved.

1.

Summary2.

Summary of Financial Results for the First quarterof the Fiscal Year Ended December 2024

3.

Revision of Forecasts of Consolidated Financial
Results for the Fiscal Year Ending December 2024

4.

(Reference) Progress of strategic investments andother plans

5.

(Reference) Wismettac Group Profile3

Summary of Financial Results for the First quarter of FYE 12/2024
Summary (overall)◆ Net sales rose 15.0% YoY.
➢ The effects of sales growth achieved by Italy’s Uniontrade Group (UT), which were included in consolidated financial results starting fromthe first quarter of the current term, contributed to the increase in net sales.
◆ Operating income fell YoY affected by lower profitability and sales volumes mainly due to the effects of low yen value on the Agri Business,increase in selling and administrative expenses in the AFB, and other factors.
(Unit: billions of yen)

FY ended
December 2023

FY ended
December 2024

Changes Year on Year

1st quater results 1st quater results

Net sales

69.8

80.2

+10.4

+15.0%

Gross profit

14.6

16.8

+2.2

+15.1%

OperatingOperating income or loss(△)
results

3.2

1.4

▲1.8

▲55.6%

Ordinary income or loss(△)

3.4

1.6

▲1.8

▲53.7%Net income or loss(△) attributable toowners of parent

2.3

0.9

▲1.4

▲59.9%

161.01 yen

64.78 yen

▲59.8%

Yen/Dollar exchange rate
(Average rate during the period)

132.34 yen

148.61 yen+16.27 yen

Yen/Euro exchange rate
(Average rate during the period)

142.10 yen

161.31 yen+19.21 yen

Quarterly Net income or loss(△) per share2024 Nishimoto Wismettac Group All rights reserved.

4

Operating Results by Segment for the First quarter of FYE 12/2024
Asian Food Global Business (AFB)
Net sales grew 18.6% YoY. (+11.4% for North America, +49.9% for Europe* and +4.4% for Asia and Oceania) +10.9% YoY if UT is excluded.
➢ In North America, sales of food ingredients for restaurants were sluggish, but sales through channels for grocery stores grew YoY. In Europe, sales were generally strong partly becauseof the effects of sales growth at UT.
◆ In terms of operating income, the company strove to maintain the profit ratio mainly by passing price rises onto customers appropriately, but selling and administrative expenses increased
mainly due to the effects of inflation.
➢ North America’s income was affected by the compensation levels raised in phases to maintain and secure capable personnel during the second half of the previous term and thereafter,
rises in rents for warehouse and other facilities, and other growth factors.
◆

Agricultural Products Trading Business* (Agri)◆◆(*) The segment name was changed starting from the first quarter of FY2024.

Net sales fell YoY.
➢ In Japan, net sales grew YoY due to rising selling prices and steady shipments in the export business, but sales for overseas subsidiaries were affected by the sales measures that focus
on profitability and the loss of sales and profit opportunities attributed to factors such as poor harvests by producers and unstable maritime transport.
Operating loss was reported mainly because, in the vegetable and fruit business for Japan, profitability and price competitiveness declined and sales volumes fell due to sharp fluctuations in
the exchange rate.
➢ In this business, the company is promoting drastic structural reforms, including reviewing the types of merchandise handled and the cost structure, in an effort to improve profitability.

Business segments

AFB

Other

Adjustment

1st quater results

Changes year-on-year+10.3+18.6%

+3.7

+6.6%

3.5

2.7

▲0.8

▲23.2%▲1.1▲30.8%

12.9

12.9

▲0.0

▲0.1%

▲0.2

▲1.7%

▲ 0.0

▲ 0.8

▲0.8

-

▲0.8

-

Net sales

1.3

1.4

+0.1

+11.3%+0.1+11.3%

Operating income or loss(△)

0.1

0.0

▲0.1

▲91.8%▲0.1▲91.8%

-

-

-

-

-

-

▲ 0.4

▲ 0.5

▲0.1

-

▲0.1

-

69.8

80.2

+10.4

+15.0%

+3.6

+5.1%

3.2

1.4

▲1.8

▲55.6%▲2.0▲63.8%Net sales
Operating income or loss(△)

Net sales

Net sales
Operating income or loss(△)

2024 Nishimoto Wismettac Group All rights reserved.

1st quater results(Unit: billions of yen)[Less impact of foreign
currency translation]
Changes year-on-year

65.8

Operating income or loss(△)

Total

FY ended December 2023

55.5

Net sales
Operating income or loss(△)

Agricultural
Products Trading
Business

FY ended December 2023

5

Factors Affecting Year-on-Year Changes in Operating Income
3.2(Unit: billions of yen)

0.1

1.0
▲0.0
▲0.8
1.4
▲0.2

FY2023
1Q[AFB]
Change innet sales

2024 Nishimoto Wismettac Group All rights reserved.

[AFB]
Change inprofit margin[Agricultural
Products]
Change innet sales

0.3[Agricultural
Other
Impact of
Products]
adjustments, etc. foreign currency
Change intranslation
profit margin

FY2024
1Q

6

(Reference) Sales by Segment and Region and Profit Structure* On a managerial accounting basis(Unit: billions of yen)

FY ended December 2023
First quarter results

FY ended December 2024
First quarter results

Operatingincome orloss(△）

Operatingincome orloss(△）Net sales
AFB

Net sales[Less impact of foreign currency translation] Changes
year-on-year

Changes year-on-year
Operating income
or loss(△）

Net sales

Major Factors
Net sales

Operating income or loss(△）

55.5

3.5

65.8

2.7

+10.3

+18.6%▲ 0.8 ▲23.2%

+4

+6.6%

▲1

▲30.8%

NA

40.4

3.2

44.9

2.0

+4.6

+11.4%▲ 1.1 ▲35.4%

▲0

▲0.8%

▲1

▲42.5%

EU

10.3

0.5

15.4

0.6

+5.1

+49.9%+0.1+29.6%+4+35.8%+0+18.4% Uniontrade

Asia /Australia

3.2

0.1

3.4

0.1

+0.1

+4.4%

▲ 0.0 ▲18.4%

▲0

▲4.2%

▲0

▲23.7%

Japan

1.8

0.0

2.2

0.1

+0.5

+26.6%+0.1 +296.8%+0+26.6%+0+296.8%

▲ 0.3

-

-

▲ 0.1

-

-

-

▲0

-

Goodwill etc.

▲ 0.2

Consolidated contribution of

▲ 0.1

▲ 0.1

▲ 0.1

0.1

▲ 0.0

-

+0.2

-

▲0

-

+0

-

Agricultural Products
Trading Business

12.9

▲ 0.0

12.9

▲ 0.8

▲ 0.0

▲0.1%

▲ 0.8

-

▲0

▲1.7%

▲1

-

Asia /Australia

2.9

0.0

2.1

▲ 0.0

▲ 0.8 ▲26.9%

▲ 0.1

-

▲1

▲34.3%

▲0

-

Japan

10.2

▲ 0.0

11.3

▲ 0.7

+1.0

+9.9%

▲ 0.7

-

+1

+9.9%

▲1

-

0.0

-

-

+0.0

-

-

-

+0

- Goodwill of BCM

Segment Adjustment

Goodwill etc.

▲ 0.0
▲ 0.2

▲ 0.0

▲ 0.4

▲ 0.1

▲ 0.2

-

▲ 0.1

-

▲0

-

▲0

-

1.3

▲ 0.0

1.4

▲ 0.1

+0.1

+9.6%

▲ 0.0

-

+0

+9.6%

▲0

-

1.3

▲ 0.0

1.4

▲ 0.1

+0.1

+9.6%

▲ 0.0

-

+0

+9.6%

▲0

-

Other adjustments, consolidation
adjustments, etc.

▲ 0.0

▲ 0.3

▲ 0.0

▲ 0.4

+0.0

-

▲ 0.1

-

+0

-

▲0

-

Total

69.8

3.2

80.2

1.4

+10.4

+15.0%▲ 1.8 ▲55.6%

+4

+5.1%

▲2

▲63.8%

Segment Adjustment

Other
Japan

2024 Nishimoto Wismettac Group All rights reserved.

7

Sales Composition Ratio by Region*Sales to external customers● Consolidated sales (Entire Group)2024 Nishimoto Wismettac Group All rights reserved.

Unit: billions of yen

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

Sco-Fro Group(Scotland 2021/2)
joined the WMC Group
as a consolidated
subsidiary

BCM (Singapore
2022/1) joined the
WMC Group as aconsolidated subsidiary

UT (Italy 2023/10) joined
the WMC Group as aconsolidated subsidiary* Reflected on P/L startingfrom FYE 12/20248

Consolidated Balance Sheet (Summary)Financial Policy◆ At the Tokyo Exchange's Prime market, balance the proactive investments to expand business and stable dividend in order to achievesustainable growth with healthy financial foundation➢ Target an equity ratio of 30-40% in the Medium-Term Business Plan.
(Unit: billions of yen)

End of 12/2023

End of 03/2024

Main reasonsfor changes

ChangesCash and deposits +3.9

Current assets

177.6

185.1

+7.5 Inventory +2.3

Non-current assets

34.9

37.9

+3.0 Lease assets (net amount) +2.2

212.5

222.9

+10.5

Current liabilities

47.7

58.3

+10.6 Short-term borrowings +6.8

Non-current liabilities

84.9

80.8

▲4.1 Long-term borrowings ▲5.8

Total liabilities

132.6

139.1

+6.5

Total net assets

79.9

83.9

+4.0 Foreign currency translation reserve +4.8

Total liabilities and net assets

212.5

222.9

+10.5

141.83 yen

151.41 yen+9.58 yen

38%

38%

+0pt

Total assets

Yen/Dollar exchange rate
(Year-end rate)

Shareholders' equity ratio
2024 Nishimoto Wismettac Group All rights reserved.

9

Table of Contents
2024 Nishimoto Wismettac Group All rights reserved.

1.

Summary2.

Summary of Financial Results for the First quarterof the Fiscal Year Ended December 2024

3.

Revision of Forecasts of Consolidated Financial
Results for the Fiscal Year Ending December 2024

4.

(Reference) Progress of strategic investments andother plans

5.

(Reference) Wismettac Group Profile10

Revised Forecasts of Consolidated Financial Results for FYE 12/2024
Reason for revision◆◆◆

Revision of the interim (first half) forecasts of consolidated financial results➢ Agri Business: In the imported vegetable and fruit business in Japan, the company is carrying out drastic structural reforms during the first half of the term, earlier thaninitially planned.
✓ Various measures are being taken or considered, including narrowing down the types of merchandise handled, adjusting inventories through earlier sales, and reviewing
the cost structure.
✓ The company is expected to report losses during the first half of the term, including reporting temporary expenses associated with downscaling part of the businessadministration system and efforts to make the system more efficient.
➢ AFB: Increase in selling and administrative expenses is predicted to exceed the initially assumed value due to the increase in compensation levels to maintain and secure
capable personnel during the second half of the previous term and thereafter in North America and other regions, rises in rents for warehouses and other facilities, and rises
in price in wide areas.
Revision of the full-year forecasts of consolidated financial results➢ Structural reforms and the record of losses associated with those initiatives in the Agri Business are expected to be completed during the first half of the current term.
➢ The AFB has already implemented various measures to increase sales and gross profit. During the second half, the company expects to post financial results as initiallyplanned by absorbing the increase in selling and administrative expenses.
There is no change to the average exchange rate during the term.
FY2023
actualFY2024 Forecast
Initial forecast (as of February 2024 announcement)

Revised forecast

Year-on-Year
Increase/decrease(interim)

Increase/decrease(Full Year)

IntermFull Year

IntermFull Year

IntermFull YearNet Sales

146.3 billion yen

300.8 billion yen

165.0 billion yen

354.0 billion yen

165.0 billion yen

354.0 billion yen

+18.7

+53.2

Operating income

5.7 billion yen

11.0 billion yen

7.0 billion yen

15.0 billion yen

4.0 billion yen

12.0 billion yen

▲1.7

+1.0

Ordinary income

6.5 billion yen

12.5 billion yen

7.0 billion yen

15.0 billion yen

4.5 billion yen

12.5 billion yen

▲2.0

+0.0

Quarterly / full year Net profit attributable toowners of the parent company

4.4 billion yen

6.3 billion yen

4.5 billion yen

9.0 billion yen

3.0 billion yen

8.0 billion yen

▲1.4

+1.7

(The average USD/JYE exchange rate during the term)(140.56)(135.00)(135.00)(The average EUR/JYE exchange rate during the term)(152.00)(145.00)(145.00)

2024 Nishimoto Wismettac Group All rights reserved.

11

Policy for Shareholder Returns and Dividend Forecasts
Basic policy◆ Continue to pay stable dividends while securing internal reserves for future business development and strengthening the financial structure.
◆ Consider the dividend payout ratio as an important indicator and aim for a consolidated dividend payout ratio of approximately 30% for the full year.

Share split and a change of the shareholder benefit program◆◆

Share split method

Revision of Dividend forecast revision FYE 12/2024◆ The dividend forecasts have been revised in line with the revision of the➢

On June 30, 2024, the company plans to implement a share split at a rate ofthree to one. (Notice Regarding Share Split and the Partial Amendment of the
Articles of Incorporation Associated with the Share Split, February 14)➢

Effective date: July 1, 2024

Change of the shareholder benefit program➢ The program will be changed with the presentation of benefits to shareholders
included in the shareholder list of December 31, 2024 (to be mailed in lateMarch of 2025).

interim and full-year forecasts of consolidated financial results.

Interim

60 yen per share

Year-End110 yen per share

Full
Year

(36.66 yen after the share split)

170 yen per share(56.66 yen after the share
split)*《Before the Changes》
Eligible Shareholders

Number of Coupon Code(s)(Number of shares after taking into account share splits)(Each worth 3,000 yen)More than 100, less than 400(more than 300, less than 1,200) shares heldMore than 400, less than 700(more than 1,200, less than 2,100) shares heldMore than 700(more than 2,100) shares held

One (worth 3,000 yen)
Two (worth 6,000 yen)Three (worth 9,000 yen)

《After the Changes》
Eligible Shareholders
More than 300, less than 1,000 shares held

Number of Coupon Code(s)(Each worth 3,000 yen)

One (worth 3,000 yen)More than 1,000, less than 2,000 shares held

Two (worth 6,000 yen)More than 2,000 shares heldThree (worth 9,000 yen)2024 Nishimoto Wismettac Group All rights reserved.

*The amount of dividend for the full year is based on the amount of interim dividend
that would be paid if the share split is carried out.

12

Table of Contents
2024 Nishimoto Wismettac Group All rights reserved.

1.

Summary2.

Summary of Financial Results for the First quarterof the Fiscal Year Ended December 2024

3.

Revision of Forecasts of Consolidated Financial
Results for the Fiscal Year Ending December 2024

4.

(Reference) Progress of strategic investments andother plans

5.

(Reference) Wismettac Group Profile

13

(Reference) Progress Status Based on the Plan to Meet the Continued Listing
Requirements
No. of Shareholders

No. of Tradable
Shares (Units)

Tradable Share
Market Cap

Tradable Share
Ratio

Average Daily
Trading Value

As of June 30, 2021
(Record date for transition)

4,907

38,488JPY 10.76
billion

26.8%

JPY 0.028
billionDecember 31, 2023

6,834

38,047

JPY 21.71
billion

26.5%

JPY 0.159
billionRequirements for Continued Listing800

20,000

JPY 10.0
billion

35.0%

JPY 0.02
billionTarget Period

-

-

-

End of December
2025-

Compliance

Yes

Yes

Yes

No

Yes

The Company’s
Status andChange Thereof

Initiatives to meet the continued listing criteria* Excerpts from the March 15, 2024 press release “Progress Status Based on the Plan to Meet theContinued Listing Requirements”◆ At the end of December 2023, the company failed to meet only one of the criteria for continued listing in the prime market: the percentage of tradable shares.
◆ In order to meet all criteria for continued listing by December 2025, the company will push a wide range of initiatives, including continuing to promote IR activities
and strengthening the corporate governance system.
➢

Reducing investment units through share splits: On June 30, 2024, in order to increase the liquidity of its shares and gain a wider range of investors, thecompany plans to split the common shares held by shareholders on the record date at a rate of three to one.

➢

Progress in increasing the percentage of tradable shares: On March 8, 2024, large individual shareholders submitted a report on the large number of sharesthat they own, and it has been confirmed that on March 1, 2024, securities disposal trust agreements were concluded with Mizuho Trust & Banking Co., Ltd.
for 300,000 of the shares that they own. These shares account for 2.09% of the total number of shares issued by the company, including treasury stock (as ofDecember 31, 2023).

2024 Nishimoto Wismettac Group All rights reserved.

14

(Reference) Strategic investments
Establishment of Wismettac Ventures LLC, an investment subsidiary◆ The company plans to establish Wismettac Ventures LLC, a newinvestment subsidiary, in May 2024.
◆ The new subsidiary will strategically invest in venture capital funds orsimilar that focus on the food area. Its objective is to bring synergies andcreate new businesses, including collaboration with startups targeted bysuch funds for investment, in the future.

Equity investments for Noodle Chef spółka z o.o. (Poland)◆ The company will acquire a stake in Noodle Chef spółka z o.o., whichowns noodle-making factories in Poland (affiliate to which the equity
method applies).
◆ As part of its growth strategy for a “global SPA in Asian food,” asenvisioned in the business model it aims to build in its Medium-TermBusiness Plan (2024-2026), the company will expand its operations tocover upstream processes and improve its operational capabilities.

*Excerpt from the Mid-Term Business Plan (2024-2026)
2024 Nishimoto Wismettac Group All rights reserved.

15

Cash Management and Allocation Policy(billion yen)

Strategic
Investment

40

Cash on
hand

50

New
financing100

Cash onhand

100

End of Dec 2023

Increasedworking
capital (*2)
Shareholder
return (*1)

30
10～
Usage

50

Operatingcash flow(Before taking accountinto changes in working
capital)Funding(*1) Dividend payout ratio 30％(*2) Increment in working capital iscompressed by 10 billion yen by
reinforcing SCM, etc.

Cash onhand

60

End of Dec 2026

Strategic investment framework of 100 billion yen to be invested in the follow three areas
1. M&A and JVs to gain presence in unexplored regions within the AFB business, upfront investments in products/resources for which
there are potential concerns regarding supply shortages in the future, investments to improve in-house production capability such as
R&D and RTE products development, upfront investments in upstream areas where expansion is expected in the future such as plantbased seafood/meat and land-based aquaculture.
2. Investments in overseas production and sales of Japanese fruits and vegetables holding exclusive cultivation rights
3. Investments in the food industry solutions business and domestic/international food technology (including the acquisition of startup
businesses with synergy).
2024 Nishimoto Wismettac Group All rights reserved.

16

Looking ahead to 2035
Become a world-renowned
global food solution company

Mid-term Business Plan 26(2024–2026)

Sales:

500 billion yen

Operating income:25 billion yen

Sales:

304 billion yen

4) Generate foundation for medical food (*)
business area

• Development and provision of food that is equally delicious
for everyone• Commercialization through industry-academia collaboration
and IP (intellectual property)3) Growth through new business creation• Create solution businesses utilizing new technologies such as
digital and food tech (10 businesses in three years)

2) Promote global expansion of fruit andvegetable business• Cultivation of overseas production of Japanese fruits andvegetables utilizing intellectual property rights and overseas
sales business as a new earnings pillar• Diversify and stabilize the earnings structure of the fruit andvegetable wholesale business

1) Accelerate quantitative and qualitative
growth in the existing businesses

Operating income:12 billion yen(*) Revised figures of forecasts of consolidated financial results

Become a global food SPA
Become a global food solution company• Develop new markets and sales channels by strengthening
sales and product development capabilities• Increase gross profit margin by expanding PB and reducing
distribution costs• Reduce cost ratio by strengthening SCM in addition todigitization and AI of sales and import/export operations• Expansion of business scale through M&A, etc., utilizing
ample equity capital as well as cash and deposits(*) Foods designed to meet special nutritional requirements
related to medical reasons2024 Nishimoto Wismettac Group All rights reserved.

17

Table of Contents
2024 Nishimoto Wismettac Group All rights reserved.

1.

Summary2.

Summary of Financial Results for the First quarterof the Fiscal Year Ended December 2024

3.

Revision of Forecasts of Consolidated Financial
Results for the Fiscal Year Ending December 2024

4.

(Reference) Progress of strategic investments andother plans

5.

(Reference) Wismettac Group Profile

18

Nishimoto Wismettac：Corporate Profile
Founded in 1912, Nishimoto Wismettac has grown into a global company supplying food ingredients and food products tomarkets worldwide.
Company nameNishimoto Co., Ltd. (TSE Prime 9260)

Head office

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

EstablishedMay 1912

Representative directors

Yoshiro Susaki, Chairman & CEO

Number of employees

2,176 (including 1,656 in the Asian Food Global Business) [As of December 31, 2023]◆ Development and sales of Asian food worldwide

Business◆ Imports and sales of fruit, vegetables and related processed products, and supply of food ingredients to food manufacturers

and the restaurant sector◆ Other domestic sales activities (amenity products, supplements, medical food, etc.)

Subsidiaries and affiliates
Business sites

24 subsidiaries, 2 affiliate [As of March 31, 2024]
45 worldwide (including 24 in North America)
Locations in Japan, the U.S., Canada, Singapore, Australia, Netherlands, U.K., Germany,
France, Italy, China, Hong Kong, Thailand*, Vietnam and South Korea*Closed on December 31, 2023

Consolidated net sales

300.8 billion yen (FY ended December 2023)

Consolidated ordinary income

12.5 billion yen (FY ended December 2023)

Shareholders' equity ratio
2024 Nishimoto Wismettac Group All rights reserved.

*Overseas sales ratio 79.6%

38% (FY ended December 2023)
19

Wismettac Group in Japan and Abroad◆ The Company Group maintains 45 locations around the world in North America, Europe, Australia, and Asia and is developing
business globally. Among these, North America (the US and Canada) has 24 locations, which account for the majority of sales.
・COMPTOIRS DES 3 CAPS・COMPTOIRS OCEANIQUES・TROPIC FISH

Calgary OfficeDenver Office

SSP Konsumgüter TRADE & CONSULT GmbH
Berlin Office

Wismettac EMEA Holdings Limited
Wismettac Harro Foods Limited

Chicago Office
Nishimoto Co., Ltd.
Wismettac Foods, Inc.

NTC Wismettac Europe B.V.
WF Seoul Representative Office

Sco-Fro Group Limited
・Uniontrade S.p.A.
・Uni Logistic S.r.l.
・Plaza Latina S.r.l.
Noodle Chef spółka z o.o.＊Privateport Co., Ltd.

Wismettac Asian Foods,
Inc. (Canada)
Las Vegas Office

Boston Office

Sacramento Office

New York Office

San Francisco Office

Shanghai IPM Co., Ltd.

Wismettac Asian Foods,
Inc.

SIM BA TRADING JTC＊WF Ho Chi Minh Representative Office

WF Bangkok Representative Office

WF Kobe BranchMontreal Office

Seattle Office

Wismettac Foods Shanghai Co., Ltd.

Nippon Foods Co., Ltd.

Toronto Office

Hawaii Office

Washington, DC OfficeRaleigh Office
Ohio Office

San Diego OfficeMiami Office

Arizona OfficeOrlando Office

Houston Office
Dallas OfficeAtlanta Office

NTC Wismettac Singapore Pte.Ltd.
Ban Choon Marketing Pte. Ltd.
NTC Wismettac Australia Brisbane Office

NTC Wismettac Australia Perth Office"WF" shown in the figure is an abbreviation for "Wismettac Foods“* The equity-method affiliate

2024 Nishimoto Wismettac Group All rights reserved.

NTC Wismettac Australia Pty Ltd.

NTC Wismettac Australia Melbourne Office20

Wismettac Group Growth Milestones - Key Figures -2024 Nishimoto Wismettac Group All rights reserved.

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Disclaimer
These materials are intended to provide financial information, management information, etc. of Nishimoto Co., Ltd. and its affiliatedcompanies (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 notassume 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 theinformation presented, falsification of data by a third party, and any failure arising from download 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 totranslation.
This document is not intended as an investment solicitation. When making investment decisions, please refrain from relying entirelyon the information in this document, and make investment choices based on your own judgment.
[Contact]
Nishimoto Co., Ltd.
Corporate Management Office
TEL: 03-6870-2015
Email : https://www.wismettac.com/en/contact.html
2024 Nishimoto Wismettac Group All rights reserved.

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