December 27, 2021
To whom it may concern
Corporate Name : Nishimoto Co., Ltd.
Representative : Yoshiro Susaki, Chairman & President CEO(Code No.: 9260 First section of Tokyo Stock Exchange)
Contact: Yuji Sasa, Director/CFO (TEL. 03-6870-2015)

Application to Select Prime Market in the New Market Segments andSubmission of Plan to Meet the Continued Listing Requirements
Nishimoto Co., Ltd. (the "Company") hereby announces that the Company has today submitted an
application to select the Prime Market, in connection with the restructure of the market segmentsof the Tokyo Stock Exchange, Inc. ("TSE") scheduled for April 2022. As the Company does not meetthe continued listing requirements for the Prime Market as of the record date for transition (June30, 2021), the Company has prepared a plan to comply with the continued listing requirements forthe new market segment as below.

1. The status of the Company's compliance with the continued listing requirements and the target
period:The status of the Company's compliance with the continued listing requirements of the Prime
Market as of the record date for the transition was as the table below. The Company does notmeet the requirements for the tradable share ratio and will take various measures to meet thecontinued listing requirements for the tradable share ratio by December 2025.
No. of Tradable
Shares (Units)

Tradable Share
Market Cap

Tradable Share
Ratio

Average Daily
Trading Value

The Company'sStatus(As of the record
date for transition)

38,488JPY 10.76
billion26.8 %

JPY 0.028
billionContinued Listing
Requirements

20,000

JPY 10.0 billion

35 %JPY 0.02 billion

Items Listed
in the Plan✓※ The Company's status mentioned above is calculated based on the information of distribution of sharecertificates and such. available to TSE as of the record date.

2. Basic policy, issues, initiatives, and the target period for compliance with the continued listing
requirements:(1) Basic policy for measures to be taken
The Company has been engaged in the import and export trade of various food products, aswell as the overseas food wholesale business, and has established its business base as a
global food company since its foundation. Currently, the business environment surrounding
the food industry is undergoing major changes such as heightened awareness of food safety
and health consciousness, tightening of various regulations, and the emergence of new foodtechnologies and digitalization technology. In these circumstances, the Company's basic
policy is to become a unique global food company by making the best use of its businessplatform cultivated to date: the Company will promote (1) reformed to expand the scale ofexisting businesses and improve profitability, (2) the creation of new businesses in the foodindustry and also in new business areas where the food field integrates with other businessfields, (3) ensured food safety and food compliance, and (4) strengthening of overseas regional
management and governance.
In order to implement this basic policy, it is more important than ever to be a company thatis appropriately evaluated by stakeholders, including various domestic and overseas
business partners, customers, and investors. To that end, the Company recognizes thatmaintaining its listing on the Prime Market is extremely important as the Prime Market isa market with a higher level of governance and a market capitalization value (liquidity) thatcan be the investment target of many global institutional investors, and is a market that
requires commitment to increase corporate value and achieve social missions over themedium to long term by striving for constructive dialogue with all stakeholders.
(2) Issues and initiatives, and the target period
For the Company, achieving one of the standard requirements for the Prime Market, "thetradable share ratio of 35 % or more", is an issue for maintaining listing in the Prime Market.
In order to deal with the issue, the Company will improve the tradable share ratio by making
a proposal to the major corporate shareholder, Tatsumi Industries Co., Ltd., and individual
major shareholder, Yoshiro Susaki, to sell a part of the Company's shares they own, and/or
by considering initiatives such as a capital increase through a public offering.
Specific measures are required to improve the tradable share ratio. The company plans todisclose these measures in order, based on the mid-term business plan (FY 2022 - FY 2024),
which is scheduled to disclose in early 2022, and the consideration of the progress of eachmeasure.
The Company expects a target period of four years (until December 2025) to implement
initiatives described above as it assumes a step-by-step approach and a reasonable amountof time in light of the business environment, stock market trends, and other factors.