#IRDisclosure

The combined voting rights ownership ratio of President & CEO Futoshi Ishii and his asset management company is 62.07%. The amount for share buybacks is 2,490 million yen, and a special committee has been established to protect minority shareholders.

As of December 31, 2025, Okada Holdings Limited holds 70.31% of voting rights, disclosing that the Company is a subsidiary of Okada Holdings Limited. There are no transactions with the parent company, and measures to protect minority shareholders are also specified.

Nakajima Tou Shoten Co., Ltd. is the largest shareholder of Kewpie Corporation, holding a 16.3% voting rights stake. Transactions between the two companies include product purchase and sales of 145 million yen, and real estate leasing of 1,099 million yen, with the independence of management secured.