Announcement Regarding the Status of Treasury Stock Acquisition (Interim Report) (Treasury Stock Acquisition Based on the Provisions of Article 459, Paragraph 1 of the Companies Act)

Overview of Capital Policy

Kewpie Corporation has been implementing treasury stock acquisition based on the resolution of the Board of Directors dated July 3, 2025, pursuant to the provisions of Article 459, Paragraph 1 of the Companies Act. The acquisition targets common shares of the Company, with an upper limit of 9,600,000 shares and a total acquisition cost upper limit of ¥24,000 million. The acquisition period is from July 4, 2025, to May 31, 2026. In January 2026, 598,600 shares were acquired at a cost of ¥2,538,056,600, bringing the cumulative total to 5,177,300 shares acquired at a total cost of ¥21,352,086,600. Acquisitions are made through market purchases on the Tokyo Stock Exchange.

Impact on Shareholders and Future Outlook

The ratio of treasury stock to total outstanding shares is capped at approximately 6.91% as a result of the treasury stock acquisition. Acquisitions are being carried out gradually through market purchases, aiming to enhance shareholder value. Since the acquisition period will continue until May 31, 2026, additional acquisitions are expected. These are anticipated to help suppress dilution and stabilize the stock price; however, close attention is required regarding cash flow trends due to the increasing total acquisition costs and number of shares.