NICHIMONICHIMO Company Profile

From Ocean to Dining

We have been developing and expanding our business to serve thefisheries, marine and other industries over more than 100 years since
the company was founded in 1910 and incorporated in 1919.
Nichimo and our group companies continue to serve the fisheries,
marine and many other industries, especially in their food-related
business sectors, to embody our corporate philosophy and contributeto people’s healthy, vibrant lives.

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Connecting to the Future
From ocean-based to land-based aquaculture

For about 40 years, Nichimo has been engaged in the Aquaculture Business,meeting the requirements of our customers by supporting optimized marine
aquaculture based on our accumulated technology and know-how.
We have also established a land-based aquaculture operation system, which allows
us to grow fish year-round in a controlled, optimal environment with adequate
hygiene management and disease prevention measures.
We move our ocean-based and land-based Aquaculture Business forward withsustainable management, as we connect to the future.

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Message

Nichimo brings new value to your business with
our reliable technologies and superior services
and our corporate commitment to support people’s
healthy, vibrant lives.

Under our slogan, “From Ocean to Dining,” Nichimo works with our 18 group companies
to enhance our corporate value, connecting people, connecting businesses andconnecting into the future.
We connect people through the creation of comfortable work environments, strengtheningof internal controls within the group and strengthening of relationships with shareholders
through our IR activities.
We connect businesses and strengthen collaboration within the Group to create new value.
We connect to the future by expanding the scale on which we do business throughsustainable management.
By forging these connections, the Nichimo Group aims to do our part for the developmentof society broadly as a corporate group that earns the trust of our stakeholders.

President

Kazuaki Matsumoto3Corporate Philosophy

In the spirit that a company is a public organ of society,we widely contribute to societal development withtechnologies and services that lead the industry

Creation of Corporate ValueA Company You Can Trust
Nichimo is committed to develop and enhance sustainability management
further. In carrying out our corporate activities in fulfillment of our duty toprovide total support for the distribution process of marine products fromfishing to processing to sales, Nichimo is working to manage our businessto meet the growing global demand for marine products while providing
support for environmentally friendly production and distribution as wellas conserving the ocean's bountiful resources.
We also move forward with business activities that are considerate ofsustainability as we launch new business initiatives to enhance ourcorporate value as we strive to be a company that earns the trust of adiverse range of stakeholders.

For the latest information on sustainability, please visit:https://www.nichimo.co.jp/english/sustainability/

ISO 9001 + 14001 certification
In order to continually provide our customers with products and services of consistently highquality, we obtained certification of the integrated management system (ISO9001+14001) in
October 2022 and we are striving to achieve and improve services that meet the needs of ourcustomers while promoting sustainable management with an emphasis on environmental
considerations.

4Field 1

Food
Business

Processing plants
in Mombetsu

We procure high quality raw materials, leveraging our technology, knowhow,
intimate knowledge of the world’s oceans and our global network. We also
conduct on-site inspections and provide technical supervision onboard
processing vessels.
These high quality raw materials are then processed into value-added products
at our group companies and partner plants in Japan and overseas.

We expand production and sales of Maehama products
processed at our upgraded plants in Hokkaido.

Live horsehair crab and live scallop processing business
In April 2023, we established Okhotsk Nichimo Co.,
Ltd. in Mombetsu, Hokkaido.
Okhotsk Nichimo processes live horsehair crabs andscallops caught off the coast of Maehama, as well aslive snow crabs caught in the Sea of Okhotsk. We
procure live seafood unique to Maehama, process
them at our plant in the region and supply impeccably
fresh products, with our group-wide integrated sales
system, offering a bridge between the region of
production and our customers.

Live horsehair crab processing

Live scallop processing

Surimi Processing Business
While most of surimi products in the market are made from fish caught in North
America, South America and Southeast Asia, Yamaichi Suisan Co., Ltd., ourgroup company in Hokkaido, processes and supplies surimi made fromprecious, natural Alaska pollack, Atka mackerel, herring and other fish caught in
the local coastal waters. From its plant upgraded with highly mechanized lines
and mass production systems, Yamaichi provides a stable supply of precious
Hokkaido-made surimi products.
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Surimi processing

Salmon Processing BusinessOur group companies are engaged in ocean-based
aquaculture of silver salmon in Miyagi and Iwate
prefectures. Nichimo’s Food Business oversees
processing of market-size fish. We expand our Salmon
Business year by year under a system of integrated
management that includes thorough quality control,
processing and sales. In Japan, the Maehama Plant
processes fresh and salted salmon products, while

Fillet processing

Fried salmon processing

our overseas partner factories process and supply
fried and other value added salmon products thatmeet customer needs in the Japan market.

Frozen Fish Processing Business

Tuna Processing BusinessWe procure redfish, mackerel and Atka mackerel from
North America, the Far East and Europe. In addition
to sales of raw material fish for processing, working
with our partner factories in Japan and overseas, we
also meet a wide variety of other needs that range
from primary to high-level processing, such as fillets
and other cuts, as well as boiled fish. Our partner
factories in China and Vietnam in particular haveestablished a stable supply system by leveraging
their mass production lines for both commercial-use
products and pre-cooked packaged products forgeneral consumers.

We procure tuna and bonito caught in the western
Pacific and Indian Oceans as raw material fish forpouched and canned products manufactured at ourpartner plants in Thailand and Indonesia.
Our pouch products are infused with the know-howthat we have cultivated over more than 30 years andwe provide a varied lineup of products centeredaround large commercial-use pouched products. In
addition to our PB products adapted to market
demand, we are also reinforcing marketing and salesin Japan of our own brand products.

Fillet processing

Boiled fish processing

Tuna pouch processing

Tuna canning processing

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Field 2

MarineBusiness

Over more than 100 years since its founding, Nichimo provides
customers with our superior consulting services and with our leading
technologies, know-how, expertise and innovative solutions.
We support the fisheries and marine industries and theirdevelopment with our R&D activities and comprehensive lines of
products and services from fishing nets and gear to aquaculturematerials, to vessels and fishing electronics and to boat building.

Domestic
Technologies and Services to Support Japan’s
Fisheries and Marine Industries and Their More
Energy-Saving Operations
Over more than 100 years since its founding, Nichimo
has been broadly contributing to the modernization ofJapan’s fishing industry through continuous R&D,
manufacturing and sale of fishing nets and gear, saleof ship equipment and materials and other activities.
The Marine Business Group is a collection of knowledge
and experience in a broad range of fields that include
the sea, fisheries biology, fishing methods, fishing gear,
ships, machinery and equipment.
With our years of know-how and latest technologies
developed with our R&D activities, Nichimo provides
effective, optimum and energy-saving systems andproducts.

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Environment
Development of Environmentally
Friendly Materials
Biomass and Biodegradable Materials
We carry out sustainable value creation through fisheries andfishery-based businesses, while at the same time advancing thedevelopment of ocean-based and land-based materials using
biomass materials that biodegrade in the natural environment sothat we can hand a better natural and marine environment down
to the next generation. In addition to reducing the impact of marine
plastic and ghost fishing on ecosystems, we carry out researchand development to advance ocean carbon dioxide absorption(blue carbon generation) through the use of these materials tocreate and cultivate seaweed beds.

Recycling of used fishing nets

We are engaged in the collection and re-pelleting of disusedfishing nets so that they can be reused. Through our aim ofbuilding a recycling chain for fishery materials, we will contributeto preserving the marine environment through the reduction ofcarbon dioxide emissions.

Overseas
Global Operations
Nichimo’s prominent advantage in the marine business is its
extensive knowledge and know-how of the world’s fishingindustry, cultivated through long-standing experience in thebusiness. Nichimo has the established global information
network with NET Systems Inc., our subsidiary in Washington
State, USA and other subsidiaries and affiliates and customers inNorth and South America, Europe and other countries.
Nichimo is constantly on the quest for the latest technologies andmarket trends and utilizes this information to acquire newtechnologies and develop products.
8Field 3

MachineryBusiness9

We offer machinery used in a range of food processing sectors,
including, among others, tofu and oil-fried tofu manufacturing lines,
kneaded food and surimi manufacturing lines and forming machines
for Chinese side dishes such as spring rolls, steamed dumplings andpot stickers, as well as other machinery necessary in food manufacturing
plants ranging from ingredient processing to heating, cooling andpackaging.
In addition, we apply our experience-based engineering capabilities tobuild optimal food production systems that meet every need and offer
comprehensive supervisory services including plan, design andconstruction of a new plant and its production lines.

Food Processing Machinery,from Installation to Test
Operation

Leveraging Engineering
Capabilities to Provide Total
Support for New Plants

Our experience and system of collaboration withspecialized manufacturers of various food processing
machines enables us to provide optimal food processing
machinery according to the type of food product,
including not only Chinese side dishes, tofu and kneaded
products, but also processed seafood, frozen foods,
cooked foods, noodles, confectionery and bread andthroughout the food industry, including convenience
store vendors, centralized food service industry kitchensand mass retail center plants. Our extensive service
includes delivery, installation, test operation andhandover of the food machinery we supply.

In addition to manufacturing line planning involving
the selection and arrangement of food processing
machines in various fields based on our engineering
capabilities built up through numerous construction
projects, we undertake comprehensive engineering
projects that also include work ranging from planningand construction of factory utilities such as electricity,
air, water and steam, to engineering of peripheral
facilities such as factory wastewater treatment
systems and automated warehouse systems, as wellas supervision of new plant construction.

Expanding to Overseas Markets
We deliver advanced food processing machinery
manufactured in Japan to more than 30 countries in theworld, including to North America, Oceania, Southeast
Asia, South Korea, Taiwan, China and Europe. Amid the
popularity of Japanese cuisine such as ramen, tofu,
surimi and sushi, demand for high-performance foodmachinery is increasing. We participate in overseas
exhibitions such as PACKEXPO in the U.S. to expand
our sales channels and contribute further to the world’s
dining tables.

Contributing to the SDGs andBuilding State-of-the-Art
Food Plants

Shipment

Product storage

Palletizer

Boxing machine

Inspection machine

Packaging machine

Cooling and freezing

Steaming, frying and roasting

Processing and forming machines

Preparation of ingredients

Raw materials

With the aim of creating more distinctive products, thefunctional requirements placed on food plants are
becoming more sophisticated. In addition to engineeringfor HACCP compliance, we also build state-of-the-art
food plants. Specially designed laborsaving productionlines and robotic automation systems help cope withlabor shortages and improve hygiene management, whileenergy-saving heat exchange systems, heat-insulating
paint and conversion to LEDs conserve energy andwastewater treatment systems with designs precisely
adapted to factory wastewater quality help solve
environmental problems and contribute to the SDGs.

Engineering Food Processing Facilities
with Optimal Systems
and Equipment(Example of a manufacturing flow chart)

10Field 4

Materials
Business

Film BusinessWe provide a variety of films and construction
materials for the full range of home settings,
including residential interiors, furniture, interior
design applications and more.
We also offer films for optical applications andautomotive components. In collaboration withpartner manufacturers, we do more than just provide
materials, adding value by also offering adhesive
and bonding processing, as well as coatingprocessing and slit processing for finishing.

Various film
types

Sales of original rolls of PVC, PE,
PP, ABS, etc.

Functional films

Sales of protective films,
window films, etc.

Processing

Providing adhesives and bonding
processing, coating processing
and slit processing for various
types of films

Lumbermaterials

Providing lumber for furnitureand fittings

Converting Business(Commissioned Processing Services)
We provide processing of films, metal foils and otherrolled products in collaboration with our group company,
J-net Coating Co., Ltd. and other processors.
We offer products based on the unique experience
with films that Nichimo has gained in various industries.
Our adhesive, laminated, coated and slit processed
products are used in a wide range of applications
including interior construction materials and opticaland automotive components.

Adhesive processing, coating processing,slit processing, etc.
Base films for processing
and adhesives and other coating materials
Packaging and other auxiliary materials

Nichimo Converting Business(Commissioned Processing Services)

Interior building
materials
Films for glass
Decorative automotive
parts
Optical film
Miscellaneous
products, etc.

11AgribusinessWe offer agricultural producers a variety of agricultural materials to help enable thestable securing and supply of safe and reassuring agricultural products throughsustainable, environmentally friendly agriculture.
Centered on the soil improvement component Cofuna® that uses microorganisms, ourofferings include products such as fertilizers, agricultural films, greenhouses andothers that meet the requirements of various cultivation sites.
Soil preparation with the soil
improvement component Cofuna®

Heat-retaining films andgreenhouse components

Fertilizers andplant activators

Soil
Solarization

Green manuredecomposition

Industrial Materials
We provide packaging materials including food trays and films.
We design and develop molded trays, films and other products
attuned to customer needs.
We also offer functional products with cold/heat resistance andbarrier properties, etc., as well as environmentally friendly products
made with plant-derived materials.
In addition to packaging materials, we also supply shipping boxes
and pallets, as well as hygiene control supplies.

[Packaging Materials]
Food containers (PP, PET, PS, paper,
environmentally friendly products, etc.)
Laminated film, shrink film and bagged
products[Shipping Boxes
and Supplies]
Corrugated cardboard
and tape
PP bands and pallets[Hygiene Control
Supplies]
Alcohol preparations
Gloves and masks

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N I C H I M O

H i s t o r y

Trawl Technologies in England
1 9 1 0 - 1 9 5 9 Learned
and Built the Foundation for Nichimo
Jinpachi Hayashida and Chiyoma Iwamoto learned trawl technologies in England and founded Kohzu Shoten and its
Fishery Department in 1910 in Shimonoseki, Yamaguchi Prefecture, which formed the foundation of Nichimo’s Marine
Business. The Department spun off later to supply fishing net products and was incorporated into a limited company in1919. The company changed its name to Nihon Gyomo Sengu K . K . in June 1920 and began supplying fishing gear andequipment in addition to fishing nets.

Business into the Fields of Food,
1 9 6 0 - 1 9 7 9 Expanded
Machinery and Materials
In 1960, as major seafood companies transitioned into general food companies, we entered the food packaging field. In 1961,
the company received an order for machinery and equipment for a general food plant, which built a momentum for us toorganize and develop our Machinery and Materials Businesses. In the following year (1962), the company was listed on theSecond Section (Textiles) of the Tokyo Stock Exchange. In 1967, the company expanded its food business and started
full-scale sales of frozen surimi (kneaded fish meat), incorporating new technologies and a mass production system. In 1972,
the company changed its name to Nichimo Co., Ltd. In 1975, as the 200 nautical mile regulation pressed the company todevelop systems responsive to the resulting structural changes in the fishing industry, Nichimo developed ONEMANTM, a fully
automated nori (dried sea laver) processing machine, which contributes to labor-saving in nori processing. In 1979, we started
distribution of the soil improvement component Cofuna® and gained a foothold in expanding into the agricultural business.

the Aquaculture Business in Full Scale and1 9 8 0 - 1 9 9 9 Started
Contributed to Development of Culture Fishery
The company entered the processed food field in 1980 by launching sales of the Haneuo brand of karashi mentaiko, or
spicy pollack roe, while entering the aquaculture business in earnest at the same time, using biotechnology to advancethe improvement of fish species. We also promoted the development of fish feed and feed additives, which in 1999 led
to the start of the Biotics Business engaged in development and sales of fermented soybean products.

2 0 0 0 - 2 0 1 9 Business Expansion of Nichimo GroupThe year 2010 marked the 100th anniversary of start of Nichimo's business. In the same year, the company entered the logistics
business with the acquisition of subsidiary Nishinippon Caritech Corporation (now Nichimo Logistics Co., Ltd.). We havedeveloped diverse business operations over the years. Nichimo celebrated the 100th anniversary of its founding in 2019.

2 0 2 0 - Now and Into the Future| Advancing Sustainable Management |In 2021, efforts toward commercialization of Kyushu's largest land-based salmon farm led to the establishment of Fish
Farm Mirai LLC, a joint venture with Kyushu Electric Power Co., Inc. and other companies.
| Contributing to Local Development |In order to strengthen the crab and scallop business, the Mombetsu Administration Office and other facilities were
integrated in 2023 under the new name, Okhotsk Nichimo Co., Ltd. Together with surimi manufacturer Yamaichi Suisan
Co., Ltd., a subsidiary since 2008, we have two major manufacturing bases in Mombetsu City, Hokkaido.

Head Office in Hananocho,
seen from the sea(Late Taisho Era)13

Administration Offices and Group Companies
as of January 2024

Food Business

Marine Business

Nichimo Foods Co.,Ltd.

Hokkaido Nichimo Co.,Ltd.

Haneuo Shokuhin Co.,Ltd.

Nishinihon Nichimo Co.,Ltd.

Yamaichi Suisan Co.,Ltd.

Nichimo One Man Co.,Ltd.

Otaru Foods Co.,Ltd.

Nichimo Mariculture Co.,Ltd.

Marukyu Shokuhin Co.,Ltd.

Tohoku Nichimo Co.,Ltd.

Chikae Foods Co.,Ltd.

San-in Nichimo Co.,Ltd.

Okhotsk Nichimo Co.,Ltd.

Tohei Co.,Ltd.

Nichimo Buturyu Co.,Ltd.

Nor’Eastern Trawl Systems Inc.

◇ Sapporo Office◇ Hachinohe Office

Nichimo International Inc.
Dalian Nichimo Trading Co.,Ltd.

Machinery Business◇ Miyako Office

Bibun Corporation
Soei Co.,Ltd.
Sendai Branch ◇◇ Ishinomaki Office

Iwaki Administration Office ◇Head Office◇◇ Nagoya Office

Management
Nichimo Kosan Co.,Ltd.

◇

Osaka Branch
Shimonoseki Office◇◇ Research and Development Office
Tobata Office ◇(Marine Business Division)◇

Japan Sun Oil Co.,Ltd.
Nippon Sokki Co.,Ltd.

Fukuoka Branch◇ Nagasaki Office

Affiliated Companies

Biotics BusinessNippon Sento Co.,Ltd.

Nichimo Biotics Co.,Ltd.

Fish Farm Mirai LLC
Asahi Techs Co.,Ltd.

Distribution BusinessJ-net Coating Co.,Ltd.

Nichimo Logistics Co.,Ltd.

Yantai Lumei Foodstuff Co.,Ltd.

Website Guide
At our website, we introduce corporate information, business information andinformation on recruiting, as well as an easy-to-understand overview and history
of Nichimo in the “About Nichimo” and “Nichimo Monogatari” sections. Visit our“IR Information” section as well, where you will find complete shareholder andinvestor information and our “Sustainability” section, which introduces our social
sustainability efforts.
https://www.nichimo.co.jp/english/

NICHIMO CO.,Ltd.
Tennoz Ocean Square, 2-20 Higashi-Shinagawa 2-chome, Shinagawa-ku, Tokyo 140-0002 Japan
TEL:81-3-3458-3020

FAX:81-3-3458-3088

https://www.nichimo.co.jp/english/
202403SZ2