Nisshin OilliO : Matters Concerning Controlling Shareholders, Etc

Note: This document is a translation of the original Japanese version and provided for reference purposes only. In the event of any discrepancy between the Japanese original and this English translation, the Japanese original shall prevail.

May 10, 2024

To whom it may concern,

The Nisshin OilliO Group, Ltd.

Takahisa Kuno, Representative Director and

President

Securities code: 2602; Prime Market of TSE

Inquiries: Koji Miki, General Manager of

Financial Department

Phone: [phone]

Matters Concerning Controlling Shareholders, Etc.

The Nisshin OilliO Group, Ltd. (the "Company"), hereby announces the following matters concerning controlling shareholders, etc.

1. Trade name and other matters of "other affiliated company"

					(As of March 31, 2024)
		Ratio of voting rights held (%)
					Financial instruments exchange, etc., on
Trade name	Attribute	Voting rights	Voting rights
	which the issued shares are listed
		subject to	Total
		directly held
		aggregation
Marubeni	Other affiliated	16.0	-	16.0	Prime Market,
Corporation	company	Tokyo Stock Exchange, Inc.

1. Status of relationship
   Marubeni Corporation holds 16.0% of the voting rights of the Company, positioning the Company as one of its affiliated companies subject to equity method. The Company's Board of Directors deliberates and adopts resolutions regarding business operations and management decisions, and its independence is ensured without any constraints or directives from Marubeni Corporation. None of the Company's nine Directors concurrently serve as directors at Marubeni Corporation, and they are able to make independent business judgments.
2. Matters concerning business transactions

(As of March 31, 2024)

			Details of relationships
		Ratio of	Officers		Details of	Transaction		Year-end
		holding
Trade name	Attribute	voting rights	Business	amounts	Item	balance
concurrent	transactions
		held (%)	relationship	(million yen)		(million yen)
		positions,
			etc.
				Sale of the	Sale of oils,		Accounts
				Company's	fats, and	26,151	5,733
		Voting rights	Transferred	receivable
Marubeni	Other	products	meal
directly held	personnel
affiliated	and
Corporation			Purchase of
company	16.0	1 person	purchase of		Accounts
	raw	30,729	1,669
		raw	payable
				materials
				materials

Note: The above transaction amounts do not include consumption tax and other taxes; year-end balances include consumption tax and other taxes.

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4. Status of implementation of measures to safeguard minority shareholders in the course of transactions and other such activities with the other affiliate company

With regard to the sales transaction of oils, fats, and meal with Marubeni Corporation, the Company presents its desired sales prices taking into account market prices and total costs. Prices are determined under the general terms and conditions for common transactions upon negotiations held each fiscal term. Similarly, for the purchase of raw materials, prices are determined under the general terms and conditions for common transactions upon negotiations held each fiscal term. Thus, the Company takes measures to ensure that there are no disadvantages to minority shareholders.

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