キユーピー（2809） – Notice of Settlement of Accounts of Parent Company, Etc.

(Translation) Dear Sirs: January 21, 2022 Kewpie Corporation Osamu Chonan, Representative Director, President and Chief Executive Corporate Officer Takeshi Kitagawa, Senior General Manager of Management Promotion Division (TEL: 03-3486-3331) (Code No. 2809; the first section of the Tokyo Stock Exchange) Person to contact: Name of the Company: Representative: Description Notice of Settlement of Accounts of Parent Company, Etc. Notice is hereby given that NAKASHIMATO CO., LTD., which is categorized as the parent company, etc. of Kewpie Corporation, has prepared its financial statements for the year ended November 30, 2021, as described below. Name of the parent company, etc.: NAKASHIMATO CO., LTD. Location of its head office: 4-13, Shibuya 1-chome, Shibuya-ku, Tokyo Representative: Attribute: Amane Nakashima, President and Representative Director Kewpie Corporation falls under the category of “other associated company” of any other company and NAKASHIMATO CO., LTD. is such any other company. Ratio of its voting rights: 16.7% (including those held indirectly) Business content: Sales of various processed foods Capital stock: 50 million yen 1. 2. 3. 4. 5. 6. 7. – END – – 1 – BALANCE SHEET (As of November 30, 2021) (thousands of yen) ASSETS: Current assets: Cash and deposits Trade accounts receivable Securities Merchandise Supplies Advances Prepaid expenses Short-term loans receivable Accounts receivable – other Other current assets Allowance for doubtful accounts Fixed assets: Tangible fixed assets: Buildings Structures Tools, furniture and fixtures Land Intangible fixed assets: Trademark rights Software Other Investments and other assets: Investment securities Stocks in subsidiaries and affiliates Long-term loans receivable Long-term prepaid expenses Prepaid pension expenses Leasehold deposits Funded insurance premiums Allowance for doubtful accounts TOTAL ASSETS: – 2 – 13,687,249 4,249,554 333,505 3,000,000 356,869 8,809 118,691 27,090 5,295,287 119,394 233,470 (55,423) 26,349,045 994,186 675,972 2,299 29,010 286,904 199,535 1,208 195,272 3,054 25,155,322 4,066,434 9,600,517 10,676,950 3,793 359,407 129,241 465,747 (146,769) 40,036,294 (thousands of yen) LIABILITIES: Current liabilities: Trade accounts payable Short-term loans payable Accounts payable – other Accrued expenses Accrued income taxes Advances received Deposits received Reserve for bonuses Non-current liabilities: Long-term loans payable Guarantee money accepted Reserve for officers’ retirement allowances Deferred tax liabilities TOTAL LIABILITIES: NET ASSETS: Shareholders’ equity: Paid-in capital Capital surplus: Capital reserve Other capital surplus Earned surplus: Earned surplus reserve Other earned surplus Earned surplus carried forward to the following year Treasury stock Valuation translation adjustments and others: Unrealized holding gains (losses) on securities Unrealized gains (losses) on hedges TOTAL NET ASSETS: TOTAL LIABILITIES AND NET ASSETS: (Note) All figures stated above are shown by disregarding any fractions of one thousand yen. – 3 – 1,184,347 156,936 779,742 129,239 3,557 27,076 297 84,150 3,347 3,047,504 1,652,500 15,777 484,969 894,257 4,231,851 33,853,952 50,000 1,816,382 1,747,382 69,000 33,230,070 29,750 33,200,320 33,200,320 (1,242,500) 1,950,490 1,950,586 (96) 35,804,442 40,036,294 STATEMENT OF INCOME (From December 1, 2020 to November 30, 2021) Selling, general and administrative expenses Net sales Cost of sales Gross profit Operating income Non-operating income: Interest income Dividends income Others Non-operating expenses: Interest expenses Others Ordinary income Extraordinary losses: Difference arising from cancellation of group life insurance policies Income before income taxes Corporate, municipality and enterprise taxes Adjustment to corporate taxes, etc. Net income (thousands of yen) 3,782,310 2,332,504 1,449,805 954,023 495,781 224,539 94,087 72,960 57,491 12,846 9,986 2,860 707,474 5,426 5,426 702,047 70,122 (16,679) 648,604 (Note) All figures stated above are shown by disregarding any fractions of one thousand yen. – 4 – Classification Central and local governments Financial institutions Financial instrument brokers Other corporations Foreign corporations, etc. State of stocks As of November 30, 2021 Individuals included in foreign corporations, etc. Individuals, etc. Total State of less-than- one-unit shares (shares) – – – – – – – – – 4 441 18.53 – – – – – – 5 9 1,939 2,380 81.47 100.00 – – – [Shareholders] Number of shareholders Number of shares (thousand shares) Shareholding ratio (%) (Note) 35 thousand shares of treasury stock are included in “Individuals, etc.” above. [Major shareholders] As of November 30, 2021 Ratio of shares to the total number of issued shares Number of shares held (thousand shares) Name Address Nakato Scholarship Foundation 1-chome, 100 Minako Nakashima Kewpie Corporation T&A Co., Ltd. Aohata Co., Ltd. Chiaki Nakashima Amane Nakashima Chizuru Nakashima 1-chome, 1,856 241 Minato-ku, Tokyo 4-13, Shibuya Shibuya-ku, Tokyo Shibuya 4-13, Shibuya-ku, Tokyo 4-13, Shibuya Shibuya-ku, Tokyo 1-chome, 1-25, Tadanoumi-nakamachi 1-chome, Takehara City, Hiroshima Prefecture Minato-ku, Tokyo Shibuya-ku, Tokyo Shibuya-ku, Tokyo 70 30 20 13 13 98.53 (Note) In addition to the above, NAKASHIMATO CO., LTD. (the “Company”) holds 35 thousand 2,345 Total shares of treasury stock. (%) 77.99 10.13 4.20 2.94 1.26 0.85 0.58 0.58 – 5 – [Officers] Title Job Name Brief history Date of birth As of November 30, 2021 Number of shares held (thousand shares) President and Representative Director Amane Nakashima September 26, 1959 13 April 1983 October 1993 Joined the Industrial Bank of Japan, Limited (current, Mizuho Bank, Ltd.) Joined the Company General Manager, Accounting Dept. of the Company February 1995 Director of the Company February 1997 Director of Kewpie Corporation July 2000 February 2003 February 2005 July 2005 October 2009 General Manager, Legal Dept. of Kewpie Corporation Vice President and Director of the Company Director of the Company Executive Corporate Officer of Kewpie Corporation General Manager, Environment Office of Kewpie Corporation General Manager, Social and Environment Promotion Office of Kewpie Corporation Senior General Manager, CSR Promotion Department of Kewpie Corporation February 2010 President and Director of the Company February 2014 Senior Executive Corporate Officer of Kewpie Corporation February 2016 Chairman of Kewpie Corporation (present post) February 2021 President and Representative Director of the Company (present post) April 1981 Joined Kewpie Corporation October 2002 Joined the Company Director Kenji Kojima March 1, 1958 February 2016 President and Representative Director of TOHKA CO., LTD. (present post) － February 2018 Director of the Company (present post) – 6 – Director Harumi Yukawa September 5, 1958 Title Job Name Brief history Date of birth Number of shares held (thousand shares) April 1985 Joined Kewpie Corporation December 2010 Director Shinichiro Yamamoto June 9, 1962 February 2020 General Manager, Corporate Planning Dept. President and Representative Director of TO AD KEWPIE CO., LTD. (present post) Director of the Company (present post) General Manager, Corporate Planning Dept. of the Company (present post) Joined SAN-EI PROVISIONS CO., LTD. Corporate Officer of Kewpie Corporation Senior General Manager, Product Development Division of Kewpie Corporation Branch Manager, Nagoya Branch Office of Kewpie Corporation Senior Managing Director of nakato Co., Ltd. President and Representative Director of nakato Co., Ltd. (present post) Director of the Company (present post) Plant Manager, Nakagawara Plant of Kewpie Corporation Plant Manager, Koromo Plant of Kewpie Corporation Director of TO SOLUTIONS CO., LTD. President and Representative Director of TO SOLUTIONS CO., LTD. (present post) Director of the Company (present post) – – – April 1981 February 2013 February 2015 October 2018 January 2019 February 2021 July 2013 July 2017 October 2020 January 2021 February 2021 – 7 – March 1979 Joined Kewpie Corporation Director Toru Nakano February 18, 1961 Director Minako Nakashima June 3, 1937 November 1991 Statutory Auditor of the Company November 2008 Representative Director of the Company February 2021 Director of the Company (present post) 1,856 Title Job Name Brief history Date of birth Number of shares held (thousand shares) Director Osamu Chonan May 16, 1956 February 2016 – April 1980 July 2001 Joined Kewpie Corporation Branch Manager, Sendai Branch Office of Kewpie Corporation November 2006 General Manager, Wide-Area Retail Sales Dept. of Kewpie Corporation September 2008 Branch Manager, Osaka Branch July 2012 February 2013 February 2014 February 2017 October 2018 February 2021 Office of Kewpie Corporation Branch Manager, Tokyo Branch Office of Kewpie Corporation Corporate Officer of Kewpie Corporation Director of Kewpie Corporation Senior General Manager, Wide-Area Sales Division of Kewpie Corporation Executive Corporate Officer of Kewpie Corporation In charge of Delicatessen Products Business of Kewpie Corporation Representative Director of Kewpie Corporation (present post), President and Chief Executive Corporate Officer of Kewpie Corporation (present post), In charge of Marketing Division of Kewpie Corporation Director of the Company (present post) In charge of Customer Marketing Office of Kewpie Corporation In charge of Overseas Business of Kewpie Corporation (present post) – 8 – Title Job Name Brief history Date of birth Number of shares held (thousand shares) April 1981 Joined Kewpie Corporation August 2009 Director Norio Yamamoto September 23, 1957 January 2015 – March 2015 CEO of Rainbow Shokuhin Co., Ltd. Corporate Officer of Kewpie Corporation Senior General Manager, Retail Division of Kewpie Corporation Corporate Officer of Aohata Co., Ltd. (“Aohata”) Deputy Senior General Manager, Sales Division of Aohata Corporate Officer of Aohata Senior General Manager, Sales Division of Aohata Director of Aohata Senior General Manager, Sales Division of Aohata Director of Aohata Generally responsible for sales and Senior General Manager, Retail Sales Division of Aohata Managing Director of Aohata Generally responsible for sales and Senior General Manager, Retail Sales Division of Aohata Managing Director of Aohata Generally responsible for sales and Senior General Manager, R&D Division of Aohata Managing Director of Aohata Generally responsible for sales of Aohata Senior Managing Director of Aohata Generally responsible for sales of Aohata Representative Senior Managing Director of Aohata President and Representative Director of Aohata (present post) Director of the Company (present post) July 2013 October 2013 January 2014 May 2014 July 2015 January 2016 February 2017 February 2018 February 2019 – 9 – Title Job Name Brief history Date of birth Statutory Auditor Chiaki Nakashima December 25, 1965 November 2008 Statutory Auditor of the Company (present post) Total Number of shares held (thousand shares) 20 1,890 – 10 –