February 15, 2021
Company name: Lion Corporation
Representative: Masazumi Kikukawa,
Representative Director,President and Executive Officer
Code: 4912
Tokyo Stock Exchange(Updated) Partial correction of “Financial Results for Fiscal 2020
– supplementary materials –”Lion Corporation hereby announces a correction of the “Financial Results for Fiscal 2020 – supplementarymaterials –” issued on February 12, 2021, as shown below.

1. Reason for the correction
This correction addresses erroneous descriptions on p. 5 “Market Trends” in the“Financial Results forFiscal 2020 – supplementary materials –” issued on February 12, 2021.
2. Substance of the correction
Please refer to the following pages, with corrected portions enclosed in red.

1

Before correction:

Market Trends
Period: Jan.–Dec. 2020; Source: INTAGE Inc. SRI, SDI survey

Aggregate of 38
Home Products
Markets

Oral Care

Driven by hygiene-related products, both sales volume and unit prices
increased, and sales value grew 12% year on year
✔ Toothpaste unit prices rose, reflecting a shift to higher-value-added products, driving market expansion(up 4% Y-o-Y)✔ Toothbrush fell (down 3% Y-o-Y) due to a decrease in sales volume but showed signs of improvement in
the second half (up 6% in Oct.-Dec. Y-o-Y)

Beauty Care

✔ Hygiene-related products, including hand soaps, expanded (hand soaps: up 44% Y-o-Y)

Fabric Care

✔ Laundry detergents and fabric softeners were level year on year, reflecting a decrease in sales volume thatwas offset by rising unit prices✔ Dishwashing detergents and food preparation products grew due to an increase in eating at home (up18% and 22% Y-o-Y, respectively)✔ Household cleaner expanded due to increased hygiene awareness (up 16% Y-o-Y)

Living Care

Period: Jan.–Nov. 2020; Source: Nielsen

Aggregate of Key
Overseas
Markets

Hand soap benefitted from more frequent hand washing, whilelaundry detergent were down Y-o-Y but improving

Hand soaps✔ In South Korea, sales value was double the previous year’s results✔ In Thailand, sales value was 1.7 times the previous year’s results✔ In Malaysia, sales value was 3.4 times the previous year’s results

Laundrydetergents✔ In South Korea, sales value was down 1% year on year, largely unchanged on a full-year basis, despite
fluctuations during the year
✔ In Thailand, sales value was down 7%, as, despite gradual improvement, recovery from the impact ofsluggish consumption was slow
✔ In Malaysia, sales value was down 8%, gradually recovering from April onward and, in November,reaching a level on par with the previous year
Lion Corporation. All rights reserved. 5

After correction:

Market Trends
Period: Jan.–Dec. 2020; Source: INTAGE Inc. SRI, SDI survey

Aggregate of 38Home Products
Markets

Oral Care

Driven by hygiene-related products, both sales volume and unit prices
increased, and sales value grew 12% year on year
✔ Toothpaste unit prices rose, reflecting a shift to higher-value-added products, driving market expansion(up 2% Y-o-Y)✔ Toothbrush fell (down 4% Y-o-Y) due to a decrease in sales volume but showed signs of improvement in
the second half (up 5% in Oct.-Dec. Y-o-Y)

Beauty Care

✔ Hygiene-related products, including hand soaps, expanded (hand soaps: up 86% Y-o-Y)

Fabric Care

✔ Laundry detergents and fabric softeners were level year on year, reflecting a decrease in sales volume thatwas offset by rising unit prices✔ Dishwashing detergents and food preparation products grew due to an increase in eating at home (up14% and 16% Y-o-Y, respectively)✔ Household cleaner expanded due to increased hygiene awareness (up 29% Y-o-Y)

Living Care

Period: Jan.–Nov. 2020; Source: Nielsen

Aggregate of Key
Overseas
Markets

Hand soap benefitted from more frequent hand washing, whilelaundry detergent were down Y-o-Y but improving

Hand soaps✔ In South Korea, sales value was double the previous year’s results✔ In Thailand, sales value was 1.7 times the previous year’s results✔ In Malaysia, sales value was 3.4 times the previous year’s results

Laundry
detergents✔ In South Korea, sales value was down 1% year on year, largely unchanged on a full-year basis, despite
fluctuations during the year
✔ In Thailand, sales value was down 7%, as, despite gradual improvement, recovery from the impact ofsluggish consumption was slow
✔ In Malaysia, sales value was down 8%, gradually recovering from April onward and, in November,reaching a level on par with the previous year
Lion Corporation. All rights reserved. 52