Corporate Data Trade name Business operations Location Maruha Nichiro Corporation • Fishing 2-20, 3-chome, Toyosu,  • Aquaculture Koto-ku, Tokyo, Japan Established • Import, export, processing, and March 31, 1943 Phone sales of marine products +81-3-6833-0826 Corporate representative • Production, processing, and Representative Director, sales of frozen foods, retort Fax President pouch foods, canned foods, fish +81-3-6833-0506 Shigeru Ito hams and sausages, food and chemicals, and beverages URL Capital • Import of meat and feedstuff https://www.maruha-nichiro.com 20 billion yen raw materials • Production, processing, and End of fiscal year sales of meat March 31

CORPORATE PROFILE Printed on recycled paper September 2019 Message from the President

CORPORATE PROFILE

Focusing Strengths and Capacity on Future Company Credo People: Growth Strategies Loyal to our people, the most important asset of our company

As an amalgam of two companies, Maruha and Opportunity: Seek out creativity, originality and advancement Nichiro, both of which were established more in all aspects of life and business than a century ago, we at the Maruha Nichiro Group have overcome numerous challenges throughout Productivity: Plan everything we do with care, and follow the years with the wisdom and experience built up through with confidence until conclusion and handed down by our forebears. Harmony: Today, the Group is operating in an environment Always a responsible corporate citizen, with the marked by constant change. Trends with attendant courage to make a difference in communities and risks that could affect the Group have become sustainable business practices conspicuous globally. Whether we like it or not, Profit: this is an era where there is no choice but to keep Focus on long-term return on all investments to fully abreast of the ongoing changes in global society. establish trust and loyalty in our shareholders CONTENTS Given this environment, we must always “think for tomorrow” while “fighting to survive today.” Without Group Philosophy 3 OUR VISION: For the Ocean, for Life sustainable growth, it will be difficult to ensure Maruha Nichiro Group aims to be an essential that the Group, which comprises over 150 companies, part of society by improving everyone’s daily life 7 WHAT WE DO: Our Global Value Chain can survive and continue to impart its legacy to with wholesome, safe and healthy food. 11 OUR PRODUCTS: A Palette of Flavors future generations. 13 SPECIAL FEATURE: Making Bluefin Tuna Sustainable The Maruha Nichiro Group’s basic mission is to Group Slogan contribute to the betterment of people’s daily lives Bringing Delicious Delight to the World 17 BY THE NUMBERS: Our Milestones in Figures by providing people with the wholesome, safe 19 COMPANY DATA and healthy food they need. Group Vision 19 Marine Products Centers In order to fulfill this mission and ensure that our The Maruha Nichiro Group will… 21 Processed Foods Centers company remains a valued and essential part • be an excellent, 21st century company that 23 Storage/Logistics Centers and of society, we are pursuing group-wide reform and contributes to the world and food industry, Other Business innovation, laying the foundations for long-term as a responsible citizen of the planet 24 Performance Highlights growth while always remembering Maruha Nichiro’s • understand the ever-changing needs of our 25 Our History purpose and how we can contribute to society. customers and together create enduring value together We are working hard to meet your expectations through innovative business operations. I invite you • progress into new global businesses and markets with adaptable and sustainable to look forward to our continuing success. strategies that enhance stable resource procurement and technological innovation Shigeru Ito Representative Director President The ocean is home to an astonishing diversity of life. Indeed, all living things on the planet—plant, animal and human—descend from the sea.

Maruha Nichiro’s origins are also rooted in the ocean. Since our founding in 1880, we have pursued new possibilities in the fishing industry, building on our success in the production of canned salmon in 1910 to expand into food processing.

Production of fish meal from canning factory byproduct was the springboard for our entry into meat product trading in 1960, and we subsequently expanded For the Ocean, into the development and sale of frozen food products. for Life Our mission is to bring vitality to people around the world through food. We also believe that as our business develops, we have a duty to protect the planet’s countless ecosystems and the global environment for future generations. This duty is encapsulated in our Group branding statement: “For the ocean, for life.” We are committed to establishing a sound ecological future for societies around the world.

3 Maruha Nichiro Corporation / Corporate Profile 4 Our commitment is not only to humanity, but to all ecosystems and all living things. All life is interconnected, and living as one with the ocean and nature is our challenge.

In 2018, against this backdrop, we formulated our 10-year Long-term Vision for Sustainability, with an overarching goal to contribute to achieving Sustainable Development Goals (SDGs*) through our business. Many of these SDGs, including “Life Below Water” and “Responsible Consumption” are intimately connected to our business and demand distinctive approaches. Making these the backbone of our operations, we pledge to respect life.

Our business plan provides a long- ranging and broad vision for the management of the Group. This plan is grounded in efforts to strengthen food safety and security, and includes targets for sustainable supply chain management, measures to combat global warming and build a zero-waste society, reductions

in CO2 emissions and waste, and the acquisition of MSC/ASC certification.

At the forefront of these efforts, Maruha Nichiro was the first private company in the world to achieve egg-to-harvest technology for bluefin tuna. Today, we are extending this technology to other types of fish, such as greater amberjack.

With these types of forward-thinking initiatives, we aim to secure a better future by balancing economic growth, care for the environment and social well- being in all of our business activities.

*The Sustainable Development Goals were officially agreed upon by the 193 member states of the United Nations at the Sustainable Development Summit in 2015. The UN 2030 Agenda for Sustainable Development sets forth 17 international goals for a sustainable, diverse and inclusive society to be achieved by 2030.

5 Maruha Nichiro Corporation / Corporate Profile 6 What We Do Fishing The origins of our business Fishing With the ocean as the basis for everything we do at Maruha Nichiro, it’s natural that fishing is also part of our business. As one of the largest seafood suppliers in the world, we are proud to pursue safe, sustainable fishing practices everywhere Distribution Fish we do business. This means supporting Farming effective fishery management practices and adopting the MSC certification standard. Today, we continue to improve our monitoring programs and quality assurance systems to ensure our catch is healthy, wholesome and delicious.

Meat Food Products Processing Fish Farming Trading Farming for the future

The future of the oceans depends on sustainable aquaculture thriving in healthy ecosystems. That’s why we continue to invest in fish farming technologies that help protect marine resources, while at the same time promoting practices with minimal impact on the environment and on society. We were the world's first private company to achieve egg-to-harvest bluefin tuna farming, and our domestically farmed yellowtail and greater amberjack recently received From our roots in Japan’s fishing industry, Maruha Nichiro’s business now spans fishing ASC certification—the gold standard for and fish farming, trading and distribution, meat products and food processing. With a aquaculture. Helping our customers make unified strategy across our global value chain, and by leveraging our leading position in responsible choices is not only good business, it’s vital for the food security of the planet. the marine products area, we aim for sustainable growth as a foods supplier delivering a wide range of flavorful and high-quality products.

7 Maruha Nichiro Corporation / Corporate Profile 8 Food Meat Products Processing Quality and safety — guaranteed Delicious, nutritious and sustainable When it comes to meat, quality and safety are of paramount importance for Our delicious processed and frozen consumers. Our meat products business— food products serve many societal encompassing beef, pork and chicken needs, including providing consumers as well as their processed products— with convenient frozen, freeze-dried, guarantees global standards of quality canned and other processed foods, and safety at every stage of the production pet foods, promoting wellness through and distribution chain. Our meat trading nutritional supplements, and delivering business is established in more than 16 a balanced diet for people in institutional countries globally. The latest addition is care. Our food processing bases Maruha Nichiro Meat and Products USA, adopt the Food Safety Management which started operation in the US state of System (FSMS) global standard, and Nebraska in 2018 with the aim of spreading we continue to push the limits of what’s Japanese food culture in North America. possible in a world where ethical food production is a growing concern.

Trading Distribution Extensive Bringing the freshest global network food to market

Maruha Nichiro is a truly global company, Providing the freshest seafood to connecting markets worldwide with a markets is in Maruha Nichiro’s DNA. network spanning more than 70 countries. Our distribution channels comprise a Leveraging this network, we handle massive amount of storage, and our procurement, processing and sales of procurement network includes 13 group marine resources at an international companies managing fresh and frozen level. And by collecting sales data products imported from around the from each country, we provide timely globe. At the same time, our seamless and detailed analyses that supports distribution system ensures the highest our global business functions. Maruha quality product is delivered quickly and Nichiro embraces transparency and economically from source to market in professionalism everywhere it does temperature-controlled conditions. business, and we supply over 30 kinds of seafood with MSC or ASC certification.

9 Maruha Nichiro Corporation / Corporate Profile 10 A Palette of Flavors

From daily ingredients to food items reserved for special occasions, everything you see here contains ingredients produced by Maruha Nichiro. Seafood is our speciality, but we also supply meat products, frozen vegetables and a wide selection of processed foods. Maruha Nichiro brings to the table a palette of vibrant flavors.

Salmon sushi ball Canned crab sushi ball Green tea pound cake Scallop sushi ball Grilled red salmon Burdock root and with azuki beans with salmon roe carrot spicy salad (kimpira)

Clear glutinous Tuna sushi ball Prepared green beans Mackerel in Boiled shrimp Ground chicken ball dessert with azuki with okra with sesame miso sauce sushi ball with sweet soy sauce beans (kuzu manju)

Simmered squash Traditional Japanese Squid sushi ball Bite-sized chuck Pork-wrapped fish cake Large cooked prawn mixed vegetables roll steak with carrots, green beans and spinach

11 Maruha Nichiro Corporation / Corporate Profile *A portion of ingredients used are not Maruha Nichiro products. Special Feature: Making Bluefin Tuna Sustainable Egg-to-harvest farming at a glance

Artificial breeding Milestones in bluefin tuna egg-to-harvest farming

1987 • First fingerling production test (Amami Oshima, Kunetsu) Farmed bluefin tuna raised from artificial hatching 2006 • Second fingerling production test (Amami Oshima, Shinokawa)

2007 • Launched Seed Production Technology Research and Development Team aiming to raise healthy bluefin tuna • Started core research on nutrition and physiology and development of mass Fertilized eggs production technology Feeding the 2010 • Successful spawning from Parent Hatchling fingerlings produced in 2006 tuna larvae • First private company to achieve egg-to-harvest Generations to Come The bluefin tuna production egg-to-harvest 2013 • Achieved commercial-scale production Realizing 100% egg-to-harvest bluefin • Second hatchery expansion farm-raised bluefin tuna tuna cycle to increase production 2014 • Successful spawning from fingerlings produced in 2010 • Second generation of artificially hatched bluefin tuna

2015 • Commenced commercial Adult tuna Juvenile tuna shipping Maruha Nichiro achieves first commercial 2019 • Commenced shipping to egg-to-harvest bluefin tuna farming Europe Japan’s fishing industry is undergoing fish: eggs are collected from mature Shipping dramatic change. Health-conscious adults, hatched and nurtured to create consumers and a global interest in the next generation. Establishing this Japanese washoku cuisine, among other cycle is the key to preserving stocks factors, are fueling unprecedented of wild bluefin tuna and allowing mass demand for many kinds of fish—including production to be sustainable in the future. The stages of egg-to-harvest bluefin tuna farming on Amami Oshima bluefin tuna. How can we respond to this Growing consumer awareness of Spawning and egg Hatching and fingerling Fingerling transfer and demand and tackle the complex problem the need for sustainable fishing, as gathering production aquaculture of supplying fish in a sustainable way? On Amami Oshima, bluefin tuna Careful attention is paid to the After fingerlings have grown well as the popularity of sushi and spawns in the summer months tank in the hatchery as the in the hatchery for about a At Maruha Nichiro, we believe one other Japanese cuisine in Europe of June and August. Within the transported, fertilized eggs month, they are transferred farm’s three large production develop into approximately to the offshore farm. They solution is ‘egg-to-harvest’ bluefin and elsewhere, has meant that areas, parent tuna of around 6cm juvenile tuna (fingerlings) are sent not only to Amami tuna farming, which we are working egg-to-harvest bluefin tuna has 100–150kg gather to produce over a month-long period. Oshima but also to other Group eggs and sperm synchronously Using artificial fingerling aquaculture sites (such as in hard to realize on the Amami Islands, emerged as a potential business in the water. Multiple males technology to increase the Oita and Mie). After developing 1,300 km to the southwest of Tokyo. opportunity—one in which Maruha chase one female—usually survival rate of juvenile tuna into adult tuna of approximately between sunset and midnight— is the key to the operation. three years of age, they are Nichiro is at the forefront of realizing. and tens of millions of eggs Maruha Nichiro works jointly then shipped to supermarkets, Egg-to-harvest bluefin tuna farming are produced daily. The eggs with the Tokyo University of retailers and food service encompasses the whole lifecycle of the floating on the sea surface are Marine Science and Technology companies across Japan. then gathered in nets and taken and Koshien University in to the adjacent hatchery. the research of methods to improve fingerling numbers.

13 Maruha Nichiro Corporation / Corporate Profile 14 Special Feature: Making Bluefin Tuna Sustainable

Egg-to-harvest farming of bluefin tuna egg-to-harvest bluefin tuna is finally 1 Bluefin tuna mating and spawning in was for a long time considered too becoming price-competitive with a large fish preserve in the waters off southern Amami Oshima. difficult to be economic. However, in conventionally farmed fish—while at the 2010 Maruha Nichiro successfully raised same time relieving the environmental 2 After a month in the hatchery aquarium (pictured), the fertilized eggs egg-to-harvest farmed adult tuna in burden of traditional farming methods. have developed into fingerlings 5–6 cm offshore tanks. Eggs and hatched larvae long. The survival rate of fingerlings Our egg-to-harvest bluefin tuna was increased from less than 0.1% produced in 2006 grew into parent tuna, farming business recently made the at the start of the program in 2006 to and these parent tuna laid eggs of their 3% in 2016. Despite these successes, first shipment to Europe in February, own. But the proportion of larvae that however, many challenges remain. 2019. This is a positive development 1 made it to adulthood was tiny—too small for consumers looking to reduce the to be commercially viable. The focus environmental impact of their food, shifted to improving the hatched larvae’s and a small step toward our goal of survival rate from a small fraction of a managing the world’s oceans and marine percent to around 3% currently. Our egg-to-harvest bluefin tuna is resources in a sustainable way. marketed under the brand name Blue Crest, communicating the concept of Through many innovations and delivering the peak of quality. refinements in the farming process,

A strong sense of mission motivates the staff at Amami Oshima, who are 4 Commercial shipments began in 2015, working to realize the Group’s motto and shipments to Europe commenced of ‘resource conservation.’ Beginning in in 2019 (from Oita Aquaculture Farm). 2019, Maruha Nichiro established a goal Our egg-to-harvest bluefin tuna is of raising 10,000 egg-to-harvest adult transported in cold storage, without tuna, totaling 600 tons at the point of actually being frozen, with the aim of shipping. targeting a consumer segment that appreciates the value of fresh food. 2

3 4 3-1 Fingerlings are transferred from the hatchery to the sea, and from the aquarium to the preserve. To date, small fish caught in the seas around Japan have been used as feed. But in the interests of resource conservation, new kinds of feed have been developed, including recycled fish bones and viscera considered waste products in the distribution chain, as well as feed enriched with vitamins and minerals.

3-2 One-year-old juvenile tuna are transported from Amami Oshima to our farms. Distributed farming has meant that commercial-scale production is now possible. In 2018, a new hatchery was opened in Minami Satsuma, Kagoshima Prefecture. We plan to apply the egg-to-harvest knowledge we have won through bluefin tuna production to the farming of other fish, such as greater amberjack. 15 Maruha Nichiro Corporation / Corporate Profile 16 MARUHA NICHIRO 「数字」で解く rd BYマルハニチロ THE ° KEY 冷凍食品「横浜あんかけラーメン」は The Nebuta Festival 年 マルハニチロ物流 -2 ＊ 2010 held in Japan’s Aomori 冷 凍ラーメン売 上1位 。こ の 商 品 は 中 （ 物 流 ユ ニット ）の C 民 間 企 業として 初 めてクロマグ ロの prefecture is a UNESCO 5 Intangible Cultural 華 の 名 店 、広 東 名 菜「赤坂璃宮」オーナ 「 」 主な保管温度帯（冷凍）。 完全養殖 に 成 功 。稚 魚 を 買 い 付 け BILLION Heritage event. Maruha ー シ ェ フ・譚 彦 彬 氏 監 修 に よ る 人 気 シ リ NUMBERS て 育 て る 一 般 の 養 殖 と は 違 い 、産 卵 この 他にもチルド帯 Nichiro has been NUMBERS ーズ「新中華街」のひとつ｡豚肉ときくらげ （10℃～－20℃）や、 participating in the Gatheredもっと私 たちを知っていただくためにhere are some important 、象徴 milestones 的な「数字」 でwe’ve 綴ったミニコラム reached 集 。 からふ化・育成まで、すべてを人工的 にたっぷりの野菜（もやし、白菜、たけのこ、に 70 マグロなどを保管する festival for over half a as a company, including numbers relevant to our history, the に 行 う 。こ の 完 全COUNTRIES サ イ ク ル の 確 立 こ そ century. We joined the んじん、ねぎ、小松菜）OCCASIONを 炒 めたとろみ スープ scaleグループの歴史に関わる数字、事業規模がわかる数字、 of our operations, our community involvement and our 超低温帯（-50℃）もある。 が 大 き く 異 な る 点 だ 。す で に 2 0 1 5 年 celebration again in theが決め手 53! Leveraging Maruha Nichiro’s vast CANS environmental認証や環境問題にまつわる数字などなど、ご一読あれ certifications. We hope this provides! more から商業出荷を開始し、2019年には festival’s 53rd year, global network, we deliver safe and ＊冷 凍 調 理ラーメンカテゴリー insight into who we are at Maruha Nichiro. 4 showing off our sustainable業界初の欧州出荷を実現。 seafood products from resplendent Nebuta 販 売 金 額（ 累 計 ）、イ ン テ ー ジ S R I Maruha Nichiro Corporation / Corporate Profile Corporate / Corporation Nichiro Maruha over 70▶ countries 詳しくは 本 and 誌 pregions. .13 floats against位 the （2016年11月～2018年10月） Our longest-running and best-selling item, Akebono dark night sky! Salmon, has sold close to 4 billion cans since being グル ープ 会 社 の 数（ 2 0 1 9 年 3 月 時 点 。国 originally introduced in 1910.

内This 7 5 社 is 、海 the 外 7total 8 社 ） 。日本をはじめ北米・number of Maruha TYPES 南Nichiro 米・ア ジ Group ア・オ セcompanies ア ニ ア・欧 州・ア worldwide. フリ In addition to 75 group companies in Japan,カ we’re 各 地 に proud ネットワ to ーhave クは a 拡 network が っ 1 社consistingて い る of 。 ▶78 詳しくは本誌 group companies p.23 33 153 across North America, South America, We are proud to have a total of 33 Asia, Oceania, Europe and Africa. Read types of seafood products from more about our global network on MSC* certified fisheries or ASC** 数字で解くマルハニチロ COMPANIES pages 19–24. * As of March 2019 certified farms as of May 2019. Major products include scallops, Australian tiger prawn, Patagonian 周年 toothfish, mackerel, red  種 1949 33 In2019年、横浜DeNAベイスターズ創設70 2019, we became the official sponsor salmon, Alaska pollock 環 境・資 源 保 護 に 配 慮 し た 、「持続可能 (MSC certified) and of the Yokohama DeNA BayStars baseball yellowtail, Manila clam, 当 社 グル ープ は「サステナ 年記念企画「 70th ANNIVERSARY な漁業」に与えられるMSC漁 業 認 証、 team’s 70th Anniversary Project. Atlantic salmon (ASC 」 」 certified) ビリティ長 期ビジョン を PROJECTOriginallyのオフィシャルス conceived ポ as ン the サ ー に 就 同じく「責任ある養殖」で生産された水 MSC-C-51737 策 定 し 、経済・社 会・環 境 に 任した。“Maruha「まるは Team” 球 団」として19 in 1949, 4 they 9 年 に * MSC certification: 産 物 に 与 え ら れ る A S C 養 殖 認 証 。当 社 Given to a well- Maruha価 値をもたらす Nichiro has 取り組みを 下関で誕生したチームは、翌年からchanged their name to the Taiyo managed and 社 Whales the next year. Maruha グル ープ で はそ の 両 認 証 を取 得した 漁 established a Long-Term t sustainable fishery Sustainability推進。その活動のひとつ Vision 「大洋ホエールズNichiro was involved」に 改 名 。そin the の 後 業・養 殖 場 を 供 給 源 10 ** ASC certification: が、持続可能な海洋資源の確保である。その実践に向けて、that promotes initiatives 本拠地を変え、球団名を変えながらteam’s management 2019 / 06 / 201914 / 06 40,000 とする水産物取 扱 数 世界各地から買い付けるエビの取扱量は4万トン。 Given to seafood until 2002. products that are 2016年から、世界の水産関連企業10社と科学者によって組bringing new value to the 2002年まで、当社は球団経営 が33 種に達した。 これは国内シェアの18％で、No.1（2018年1～12月累計／当社調べ）raised through。 environment, society and “responsible 織された「SeaBOS＊」のメンバーとして活動開始。2018年にthe economy. In line with に携 わった。 （2019年5月時点） aquaculture” and COMPANIES farming は、伊藤社長がSeaBOS初代会長に指名された。今後は、健全these efforts, we joined 主な魚種【MSC認証】ホタテ SeaBOS* as one of 10 seafood companies working ASC-C-01271 な海洋の確保やIUU（ 違 法・無 報 告・無 規 制 ）漁 業 の 撲 滅 な ど 、持 ガイ、オーストラリアタイガー、メ together with scientists on this initiative. In 2018, MSC-C-51737 青魚などに多く含まれるD H A（ ド コ サ ヘ キ サ ロ（ マ ジ ェ ラ ン ア イ ナ メ ）、サ バ 、 続可能な水産資源Maruha Nichiro’s president Shigeru Ito was selected PEOPLE On July 25, 2019, weベニザケ、スケトウダラなど。 acquired エ ン 酸 ）は 、血 液 中 の 中 性 脂 肪 値 を 下 げ た り 、 の利用に向けて積極as the first inaugural chairman of SeaBOS. Moving forward, we will continue to take an active part in the world’s first 【ASC A S Ccertification 認 証 】ブ リ 、ア サ リ 、ア ト ラ 認知機能の一部である情報の記憶をサポ 的に関 与していく。 ン ティック サ ー モ ン など 。 / SeaBOS initiatives to ensure a sound and healthy for greater amberjack (Seriola WORL DWIDE ートしたりする効果もあると報告されていま 6 ＊SeaBOS（Seafoodocean, reduce the occurrence of Illegal, Unregulated dumerili). Raising this＊MSC（Marine fish on Stewardship the st 22 , 1 Business for Ocean Council：海洋管理協議会） す。そんなDHAを使った加工食品や健康食品を手がけてきたマルハニチロが11 276 and Unreported fishing (IUU) and promote Amami Islands southwest of Japan established a global standard in This is the number of Maruha Nichiro technology, resource＊ASC（Aquaculture conservation Stew and- employee 「workDHAの日 environment.」を制定、（一社） 日本記念日協会に登Group employees 録した（2012年） as of。し March, か し な ぜ 、 Stewardshipsustainable ）：海洋管理 use of marine resources. と持続可能な水産事業の推*Seafood Business for Ocean Stewardship: A worldwide initiative Maruha Nichiro willardship continue Council：水産養殖管 to pursue responsible6月22日なのか? aquaculture that それはDHAが 「6つのシス型の二重結合を含む22個の炭素2019. Amongst them, 47.8% work 進including を目的として scientists 世 界 の 水 産 and 大 major corporations focused on promoting considers the environment理協議会） and impact on local communities. internationally outside of Japan. sustainable marine industries and ocean management. ASC-C-01271 鎖をもつカルボン酸の総称（! ! ）」で あ る か ら 、と か 。 手企 業 が 発 足した組 織 写 真 提 供：ス ウ ェ ー デ ン 大 使 館

We are aiming for maximum potential sales 中期経営計画of one trillion yen across 「FY2018–2021 Innovation toward in our Mid- 2021 」 term Management Plan （2018-2021年度）における “Innovation toward 2021.” ¥1,000,000,000,000￥1,000,000,000,000 最終年度の目標売上高。 2117 Maruha Nichiro CorporationCorporation / /Corporate Corporate Profile Profile 2218

P. 20 P. 21 COMPANY DATA | Marine Products Centers

Main Group Companies Aquaculture Bases in Japan Group Market Distribution Network in Japan

Taiyo A&F Co., Ltd. Tokyo/Japan Fishing/tuna farming Nagoya, Nagoya North Taiyo Namibia (Pty) Ltd. Namibia Crab fishing Yuya (Yamaguchi) Kyoto G Taiyo A&F Yuza (Yamagata) Sakana del Peru S.A. Peru Fishing Kobe •Bluefin tuna G Land-based fish Taiyo Micronesia Corporation Micronesia Fishing farming test center Sakaiminato Karatsu (Saga) •Cherry salmon Ryukyu Taiyo Co., Ltd. Okinawa/Japan Processed marine products G Genkai Yougyo sales •Yellowtail •Amberjack Maruha (Shanghai) Trading China Import/export/sales of Narita Corporation marine products Goto (Nagasaki) Funabashi Bengal Fisheries Ltd. Bangladesh Shrimp fishing G Taiyo A&F Kumano (Mie) Kitakyushu Tokyo •Bluefin tuna G Kumano Yougyo Saga (Toyosu, Senju, Ota) Daito Gyorui Co., Ltd. Tokyo (Toyosu, Senju, Ota), Wholesale •Bluefin tuna Chiba (Narita)/Japan Saiki (Oita) Kumamoto G Aquafarm Kushimoto (Wakayama) Kanonji Funabashi Uoichi Co., Ltd. Chiba/Japan Wholesale •Yellowtail G Kushimoto Marinefarm Daitoh Gyorui Co., Ltd. Aichi (Nagoya)/Japan Wholesale •Bluefin tuna •Bluefin tuna Kagoshima Beppu Meihoku Uoichiba Co., Ltd. Aichi (Nagoya North)/Japan Wholesale Shimaura (Miyazaki) Daikyo Gyorui Co., Ltd. Kyoto (Kyoto)/Japan Wholesale G Aquafarm •Yellowtail Shinko Gyorui Ltd. Hyogo (Kobe)/Japan Wholesale Kannonji Kaisan Kabushiki Kaisha Kagawa (Kanonji)/Japan Wholesale Minami Satsuma (Kagoshima) G Amami Yougyo Kashiwajima (Kochi) Sakaiminato Uoichiba Co., Ltd. Tottori (Sakaiminato)/Japan Wholesale •Amberjack G Taiyo A&F Maruha Kyushu Uoichi Fukuoka/Japan Business administration •Yellowtail •Bluefin tuna Holdings Co., Ltd. Sakurajima (Kagoshima) Kyushu Uoichi Co., Ltd. Fukuoka, Saga/Japan Wholesale G Sakurajima Yougyo •Yellowtail Kyushu Chuo Uoichi Co., Ltd. Kumamoto, Kagoshima/Japan Wholesale •Amberjack Amami Oshima (Kagoshima) Beppu Uoichi Co., Ltd. Oita (Beppu)/Japan Wholesale Kaminokuni (Hokkaido) G Amami Yougyo Motobu (Okinawa) G Maruha Nichiro Kaminokuni Kaisan •Bluefin tuna G Sea cucumber Maruha (N.Z.) Corporation Ltd. New Zealand Trawler fishing Taiyo A&F •Amberjack ・ Austral Fisheries Pty Ltd. Australia Fishing •Bluefin tuna Maruha Holdings (Thailand) Co., Ltd. Thailand Business administration Maruha Nichiro (Thailand) Co., Ltd. Thailand Sales of marine and other products

Maruha Capital Investment, Inc. USA Business administration Marine Product Centers Overseas Westward Seafoods, Inc. USA Seafood processing/sales Alyeska Seafoods, Inc. USA Seafood processing/sales Overseas corporations Premier Pacific Seafoods, Inc. USA Marine products sales/ Representative o
ces Peter Pan Seafoods Peter Pan Seafoods business administration King Cove Plant Dillingham Plant Peter Pan Seafoods, Inc. USA Seafood processing/sales Port Moller Plant Trans-Ocean Products, Inc. USA Seafood processing/sales Amsterdam Seafood Connection Holding B.V. Netherlands Marine products sales Representative O
ce Peter Pan Seafoods, Maruha Nichiro Retail Service Tokyo/Japan Seafood processing/sales Valdez Plant ORAFCO King crab Co., Ltd. Trans-Ocean Seafood Connection Products Sockeye Queen crab Holding Dutch Harbor, salmon Maruha (Shanghai) Unalaska Agadir Alaska pollock Trading Halifax Representative Westward Seafoods, Maruha Capital Investment Representative O
ce Dutch Harbor Plant Westward Seafoods O
ce Alyeska Seafoods, Alyeska Seafoods Dutch Harbor Plant Premier Pacific Seafoods Peter Pan Seafoods Las Palmas Zhejiang Industrial Group Representative Squid O
ce Maruha Holdings (Thailand) Ho Chi Minh City Bluefin tuna Representative Bengal Octopus O
ce Fisheries Bangkok Taiyo Micronesia Sakana del Peru Representative Shrimp/prawn O
ce Skipjack Taiyo Namibia Red flying squid Splendid alfonsino Maruha (N.Z.) Chile Representative O
ce Tekapo Deep-sea red crab Farmed salmon Tafisa Austral Fisheries Hoki Southern blue whiting Taiyo A&F Cape Town Representative O
ce Patagonian Shrimp/ Horse Black cod Silver toothfish prawn mackerel warehou

19 Maruha Nichiro Corporation / Corporate Profile 20 COMPANY DATA | Processed Foods Centers

Main Group Companies Processing Facilities in Japan Meat Products Procurement ISO-certified facilities and Processing Centers Maruha Nichiro Kitanippon Taiyo A&F Co., Ltd. Tokyo/Japan Frozen foods, seasonings, Maruha Nichiro Shin-Ishinomaki Plant Furano Plant Nichiro Chikusan (Canned foods, extract) Freeze-dried foods Manufactures frozen foods Nayoro Plant (Meat products) Supply Sources Outside Japan Maruha Nichiro Nichiro Chikusan We process and supply Seaboard Foods in USA: From pig farm to meat packing plant Quingdao TAFCO Food Co., Ltd. China Vegetable extracts, salmon flakes The Group’s newest plant commenced Tokachi Beef Plant Tokachi Plant (Meat products) safe and reliable beef, operations in April 2017. The plant Maruha Nichiro Kitanippon Nichiro Chikusan pork and chicken Kouyou Suisan Co., Ltd. Hokkaido/Japan Canned foods, seafood processing makes full use of manpower-saving Kushiro Plant Sapporo Plant (Meat products) (Canned foods) procured through a technologies such as autonomous Maruha Nichiro Retail Service worldwide network. Daitoh Foods Co., Ltd. Aichi/Japan Seafood processing transport vehicles and robots, employs Sapporo Plant (Marine products) Working in close environmentally friendly and energy conserving features such as heat recycling cooperation with trusted Pig farm Feedstuff plant systems, features IT-enabled precision quality controls, and has cutting-edge Maruha Nichiro Meat and USA Meat processing/sales Maruha Nichiro Kitanippon partners, we strive to equipment for implementing food defense. Leveraging these technologies, the Products USA, Inc. Mori Plant (Bottled foods, chilled foods) develop high-added- plant delivers both a high level of quality assurance and low cost operations. Kouyou Suisan Arcland Maruha Meat Co., Ltd. Kanagawa/Japan Meat processing Maruha Nichiro (Marine products, value products that meet Foods & Fine Chemicals Department canned foods) Maruha Nichiro Oh-e Plant customers’ needs. Kingfisher Holdings Ltd. Thailand Frozen foods Maruha Nichiro Manufactures frozen foods Maruha Nichiro Yamagata Yu-bari Plant Guymon Processing Cutting line (Fruit jellies, retort pouch foods) Southeast Asian Packaging & Thailand Manufacture of canned tuna and (Frozen foods) Plant panorama Canning Ltd. retort pouch foods This plant manufactures staple Maruha Nichiro frozen foods (frozen noodles and Oh-e Plant (Frozen foods) Supply Sources in Japan KF FOODS Thailand Frozen foods frozen rice meals). The introduction Maruha Nichiro Maruha Nichiro Kitanippon Different regions of Japan offer value-added local brand meats. In of manufacturing systems with traceability functions has allowed control with Shirataka Plant Aomori Plant JPK Cold Storage Co., Ltd. Thailand Low temperature warehousing (Freeze-dried foods) collaboration with the Tokachi Beef Plant in Hokkaido and group 2-dimensional bar code labels, from the acceptance of raw materials to final (Canned and retort foods) Zhejiang Industrial Group Co., Ltd. China Seafood processing/sales Delica Wave companies, Maruha Nichiro is engaged in producing Hokkaido packaging, enabling fast tracking and tracing. Niigata Plant Yayoi Sunfoods brand beef. We also maintain a nationwide network of good supply Yantai RiLuDa Foodstuffs Co., Ltd. China Frozen foods (Breads, prepared foods for convenience stores) Kesennuma Matsukawa Plant sources for chicken and Maruha Nichiro Utsunomiya Plant (Marine products) Yayoi Sunfoods Maruha Nichiro pork and provide reliable Maruha Nichiro Seafoods Ibaraki/Japan Seafood processing/sales Manufactures fish ham, Nagaoka Plant (Frozen foods) Shin-Ishinomaki Plant meats with marketing Corporation fish sausage, frozen foods Maruha Nichiro Delica Wave (Frozen foods) that makes the most Taiyo Shokuhin Co., Ltd. Nagasaki/Japan Seafood processing, laver Shimonoseki Plant Nagano Plant Maruha Nichiro Retail Service of the producers’ good This plant manufactures fish ham, fish (Fruit jellies , retort foods, (Breads, prepared foods Sendai Plant (Marine products) seaweed sausage and frozen foods. Also on the chikuw a , freeze-dried foods) for convenience stores) reputation. Tokachi Beef Plant (Obihiro City) premises is the Food & Fine Chemical plant, which manufactures pharmaceutical Maruha Nichiro Seafoods Maruha Nichiro Kyushu, Inc. Kumamoto/Japan Frozen foods and health food ingredients such as sodium chondroitin sulfate and DHA, and the (Seafood processing) Meat Processing East Japan Distribution Center, which handles delivery of non-frozen foods such Maruha Nichiro Nichiro Chikusan Co., Ltd. Hokkaido/Japan Meat processing/sales Utsunomiya Plant We not only produce Maruha Nichiro brand products but also as canned foods and fish ham and fish sausage to the greater Tokyo area. (Fish ham, fish sausage, frozen foods) process meats on request from clients in designated plants Maruha Nichiro Kitanippon, Inc. Hokkaido/Japan Canned foods, retort pouch Maruha Nichiro Hiroshima Plant Maruha Nichiro in and outside Japan that have cleared strict quality control foods, extracts Foods & Fine Chemicals Department standards. Our wide variety of products ranges from fried chicken, Manufactures frozen foods hamburgers and sausages to grilled pork and more. We also Maruha Nichiro Yamagata Co., Ltd. Yamagata/Japan Fruit jellies, retort pouch foods Maruha Nichiro This plant manufactures frozen foods Tokyo Product Development Center focus on making proposals to the ready-made home meal and (fried and processed meats). Daitoh Foods Arcland Maruha Meat restaurant markets. Yayoi Sunfoods Co., Ltd. Tokyo/Japan Frozen foods (Marine products) (Meat processing) Delica Wave The unit strives to provide safe and reliable meats and meat Delica Wave Co., Ltd. Kanagawa/Japan Breads, prepared foods for Sungourmet (Frozen foods) Shonan Plant products through primary convenience stores Maruha Nichiro Shimonoseki Plant (Breads, prepared foods for processing, further Maruha Nichiro convenience stores) Manufactures fruit jellies, retort pouch product processing and Sungourmet Corporation Tottori/Japan Frozen foods Hiroshima Plant Maruha Nichiro foods, chikuwa, freeze-dried foods (Frozen foods) heat processing at the N&N Foods Co., Ltd. Thailand Frozen foods Gunma Plant (Frozen foods) Maruha Nichiro Kyushu Maruha Nichiro Retail Service Tokachi Plant, Nayoro (Frozen foods, canned foods) The plant was renovated in 2006 to allow Yaizu Plant (Marine products) Plant and Sapporo Plant Nichiro Chikusan AK & MN BioFarm Co., Ltd. South Korea Manufacture/sale of biochemical the production of multiple products Yayoi Sunfoods Yayoi Sunfoods of Nichiro Chikusan. products in the Omega-3 category such as dessert jellies, retort pouch foods and so on in addition to chikuwa, and Kyushu Plant Shimizu Plant (Frozen foods) Arcland Maruha Meat is a freeze-dried foods. The plant runs low-cost operations through thorough quality (Frozen foods) Cixi Young-shin Foods Co., Ltd. China Freeze-dried foods processor of pork meat, control and automated production lines. Taiyo Shokuhin Ningbo, Jijin Xingye International China Freeze-dried foods (Marine products, supplying the restaurant Trade Co., Ltd. dried laver seaweed) industry in Tokyo and its vicinity. Arcland Maruha Meat

Processing Facilities Overseas

Kingfisher Holdings (Thailand) Yantai RiLuDa Foodstu‘s (China) Frozen squid, prawns, fried prawns and fried mackerel, etc. Frozen prepared foods

Qingdao TAFCO Food (China) Trans-Ocean Products (USA) Vegetable extracts and salmon flakes Crab sticks and processed marine products Maruha Nichiro Meat and AK & MN BioFarm (South Korea) Products USA (USA) Peter Pan Seafoods (USA) Biochemical products in the Omega-3 category Meat products Processed seafood including canned salmon and trout Southeast Asian Packaging & Canning (Thailand) Canned tuna, retort pouch tuna and pet foods Zhejiang Industrial Group (China) Processed seafood including crab-flavored seafood sticks, squid slices, fried squid and peeled prawns

N&N Foods (Thailand) Frozen prepared foods such as fried prawns, takoyaki (octopus balls) and dim sum

Ningbo, Jijin Xingye International Trade (China) Freeze-dried foods

Yongching Frozen Foods (China) Freeze-dried foods, frozen vegetables KF FOODS (Thailand) and frozen prepared foods Frozen squid, prawns, fried prawns,prawns andand friedfried mackerel,mackerel, etc.etc. Cixi Young-shin Foods (China) Freeze-dried foods

21 Maruha Nichiro Corporation / Corporate Profile 22 COMPANY DATA | Storage/Logistics Centers and Other Business | Performance Highlights Year ended March 2019

Main Group Companies Main Financial Data (Consolidated)

Maruha Nichiro Logistics, Inc. Tokyo Storage, transportation, customs procedures Net sales (unit: million yen) Operating income (unit: million yen) Maruha Nichiro Logistics Service Kanto Corporation Tokyo Contracted cargo handling services Net sales million yen 922,468 918,820 922,468 Maruha Nichiro Logistics Service Chubu Corporation Aichi Contracted cargo handling services 873,295 26,308 24,497 Maruha Nichiro Logistics Service Kansai Corporation Osaka Contracted cargo handling services 21,758 Maruha Nichiro Logistics Service Kyushu Corporation Fukuoka Contracted cargo handling services Operating income 21,758 million yen Shin-Nagato Unso Co., Ltd. Fukuoka Transportation

Ordinary income million yen AIXIA Corporation Tokyo Pet food 25,223 Maruha Nichiro Asset, Inc. Tokyo Sale/purchase, leasing, management and brokerage of real estate Central Surimi Lab. Co., Ltd. Tokyo Quality and bacteriological examination Profit attributable to 16,695 million yen Nihon Silo Co., Ltd. Chiba Warehousing, freight brokerage owners of parent Mar-17 Mar-18 Mar-19 Mar-17 Mar-18 Mar-19 Nichiro Fur Co., Ltd. Tokyo Processing/sale of fur goods CAC Maruha Nichiro Systems Tokyo IT, systems Total assets 520,318 million yen Profit attributable to owners of parent (unit: million yen)

Net assets 150,379 million yen 16,695 15,446 16,102

Net income per share 317.24 yen

Main Storage and Distribution Bases in Japan Net assets per share 2,381.96 yen

ISO-certified facilities Equity ratio 24.1% Mar-17 Mar-18 Mar-19

G Maruha Nichiro Logistics, Inc. Kyushu Branch Net sales by region G Fukuoka Logistics Center G Hakozaki Logistics Center G Hakozaki No. 2 Logistics Center G Tosu Logistics Center

G Kitano Logistics Center G Shiogama Logistics Center Japan North Shimonoseki Logistics Center G Funabashi Logistics Center Europe Net sales America Net sales G Chiba Logistics Center Net sales Chiba-ichiba Cold Storage 761,589 44,066 million yen million yen 54,019 G Narita Cold Storage million yen

G Saga Logistics Center

G Maruha Nichiro Logistics, Inc. Asia Head O†ce G Karatsu Logistics Center G Maruha Nichiro Logistics, Inc. Net sales Kanto Branch Other G Toyomi Logistics Center 44,579 Net sales G Oi No. 1 Logistics Center million yen Nagasaki Cold Storage G Oi No. 2 Logistics Center 18,214 G Jonanjima Logistics Center G million yen Hibino Logistics Center Heiwajima Logistics Center Kumamoto Cold Nagoya-ichiba Cold Storage Ushibuka Cold Storage Storage G Chikko Logistics Center G Kawasaki No. 1 Logistics Center G Kawasaki No. 2 Logistics Center G Izumi Logistics Noda Cold Storage G Maruha Nichiro Logistics, Inc. G Kawasaki No. 3 Logistics Center Center Kansai/Chubu Branch G Taniyama G Nankou Logistics Center Logistics Center G Sakishima Logistics Center Total 922,468 million yen Makurazaki G Cold Storage Rokko Logistics Center

23 Maruha Nichiro Corporation / Corporate Profile 24 26 8 4 5 7 2 3 1 1 1 1 1 1 1 1 0 0 0 0 0 0 0 Meat and Products USA, Inc. USA, Meat and Products Connection Holding B.V. Fisheries Pty Ltd. 2 six main companies Merged and within the group name to changed trade Corporation Maruha Nichiro 2 private the first Became to ship egg-to-harvest company bluefin tuna 2 Completed Shin-Ishinomaki Plant 2 branding corporate •Renewed •Established Maruha Nichiro 2 head o“ce Relocated Tokyo Toyosu, to 2 Acquired Ltd. Co., Foods Yayoi 2 in Seafood capital •Acquired in Austral capital •Acquired

7 2010 200 , 1 Nichiro Maruha 2008 Maruha , 1 6 0 Nichiro Maruha 0 to di™erent companies to di™erent Sales B.V. Ltd. Co., Foods Rongsense October and Inc. businesses of Maruha Group Merged Corporation Nichiro Inc. Holdings, Established Maruha Nichiro 2002 o™ fishing operations •Spun trawler Seafood Europe Trans •Established 2003 and Nichiro •Established Rizhao a subsidiary Ltd. Co., Foods •Made AQLI 2004 • • Inc. Established Maruha Group 2 brand the corporate Remade a subsidiary •Made AIXIA Corporation Inc. Seafoods, Pacific in Premier capital •Acquired April commences operation Group The Maruha Nichiro main of four consisting structure group Established a new corporate Inc., Foods, Maruha Nichiro Inc., Seafoods, (Maruha Nichiro companies Inc.) Logistics, and Maruha Nichiro Inc. Meat and Products, Maruha Nichiro Inc.) Management, (Maruha Nichiro company and a joint service 2009 Inc. Kitanippon, Established Maruha Nichiro 2000 Nichiro Nichiro Maruha Maruha 1 3 4 7 9 9 9 9 90 Nichiro Nichiro Maruha Maruha N&N Foods Co., Ltd. Co., N&N Foods Kingfisher Holdings Ltd. Corporation name to Nichiro Research Institute Research 9 9 9 9 9 • Established • • in capital Acquired Changed company Withdrew from trawling operations; operations; trawling from Withdrew end of independent fishing name to Changed company Maruha Corporation Established Zhejiang Industrial Group Zhoushan Industrial) (formerly Ltd. Co., Yamagata Expanded frozen and entered Factory noodles market • Completed Central 1 1 1 1 1 Maruha 1990 990 Nichiro Nichiro 1 –

988 986 985 Sent mother ship style salmon fleet to the northern the last time seas for Established Nichiro Peter Peter Established Nichiro Inc. Investment, Pan Golden Alaska) (formerly Established Trans-Ocean Products, Products, Trans-Ocean Established Inc., Seafoods, Alyeska Inc., and Inc. Seafoods, Westward in Inc. Seafoods, Alaska Supreme North America 1 1 1 1980 Nichiro Nichiro

Maruha 3 78 79 7 977 Frozen Food Plant, and Hokkaido and Hokkaido Plant, Food Frozen Plant Meat Product Fish Enterprise Began the 200 nautical mile EEZ, reduction of deep-sea fishing 9 9 9 1 Completed new head o“ce Completed new head o“ce building in Ote-machi in capital Acquired Inc. Seafoods, Pan Peter Completed Kobe Plant, Kurihama Plant, •Completed Kobe Kurnia Alfa •Established P.T. 1 1 1 1970 Maruha Maruha Maruha 6 64 63 6 Nichiro Maruha meat product business meat product of land-based processing expansion company in Alaska company Yamagata and Sapporo; opened and Sapporo; Yamagata facility research Stick Akebono food frozen on North Sea mother ship 960 9 9 9 Established a purchasing •Established a purchasing of surimi •Began test production business sugar Entered in a shrimp joint capital Acquired in Madagascar venture • and feedstu™ Entered • •Completed plants in Hiroshima, upon major Embarked commercial •Launched first 1 1 1 1 1960 Nichiro Maruha 5 3 5 5 952 operations and fish sausage Resumed North Sea mother ship salmon and trout fishing 9 9 1 Began aquaculture •Began aquaculture •Launched fish ham Began production of fish sausage at Kurihama Plant 1 1

Maruha 1950 50 Changed Started fishing 9 Maruha Maruha 1 II –

W Nichiro 945 Maruha on the Hokkaido coast, coast, on the Hokkaido trawler western Japan tuna high-sea fishing, seafood and fishing, operations processing company name to Taiyo Taiyo to name company Ltd. Fisheries Co., 945 946 947 943 Lost all overseas businesses and fishing vessels due to the war 1 • • First Antarctic whaling expedition since the end of W Established Daito Gyorui, Shinko Gyorui, Daikyo Gyorui and Daitoh Gyorui Changed company name to name company Changed Fisheries Ltd. Taiyo Nishi 1 1 1 1 1940 Nichiro Maruha 2 6 3 3 9 9 Merger of Nichiro Fisheries of Nichiro Merger Godo Fisheries and Hokuyo whaling Antarctic First expedition 1 1 1930 Nichiro Maruha Maruha 21 9 924 922 Launched Nichiro Gyogyo Gyogyo Launched Nichiro Kaisha Ltd. Established Hayashikane Established Hayashikane Shoten Entered the whaling the Entered acquiring business by Whaling Tosa 1 1 1 1920 Nichiro Nichiro Nichiro

4 0 3 1 1 1 9 9 9 Started production of canned of canned Started production salmon in Ozernaja; Break established the Day mark with the Akebono Brand Established the kakuichi boat logo company Began production of canned of canned Began production salmon in Kamchatka 1 1 1 1910 Nichiro Nichiro Maruha 5 906 907 90 Established Tsutsumi Tsutsumi Established Shokai and Tsutsumi Seiroku Hiratsuka Tsunejiro depart Niigata Harbor on the ship Houjumaru founded) (Nichiro Launched Japan’s first Launched Japan’s first fish fresh motor-driven the Shinseimaru carrier, 1 1 1 Our History | 1900

Maruha 0 8 8 Ikujiro Nakabe began began Nakabe Ikujiro transporting and brokering fish fresh (Maruha founded) 1 Maruha NichiroCorporation / Corporate Profile COMPANY DATA COMPANY 1880 25