Change in fiscal year-end from June 30 to March 31

「The company’s consolidated fiscal year had previously run from 1 July to 30 June of the following year. However, because its parent company, NISSIN FOODS HOLDINGS CO.,LTD., operates globally, the company changed its consolidated fiscal year, by resolution of the 45th Annual General Meeting of Shareholders held on 28 September 2021, to run from 1 April to 31 March of the following year. This was intended to promote group management, improve the efficiency of management and administrative operations, including the formulation of management plans and performance management, and address the need to standardise the fiscal year-ends of consolidated companies as required under International Financial Reporting Standards (IFRS), which NISSIN FOODS HOLDINGS CO.,LTD. had already adopted.」

「Following approval of the agenda item “Partial Amendment to the Articles of Incorporation” at the 45th Annual General Meeting of Shareholders held on 28 September 2021, the company changed its fiscal year-end from 30 June to 31 March. Accordingly, the current consolidated fiscal year is a transitional period arising from the change in fiscal year-end. For the first quarter-to-date period of the current consolidated fiscal year, the company, whose fiscal year-end had been 30 June, was consolidated for 3 months, from 1 July 2021 to 30 September 2021, while its overseas consolidated subsidiaries, whose fiscal year-end had been 31 March, were consolidated for 6 months, from 1 April 2021 to 30 September 2021, resulting in an irregular reporting period.」