Notice Regarding Determination of Offering Price, etc.

Overview of Capital Policy

By resolution of the Board of Directors on January 8, 2026, Nichirei Corporation determined the offering price for the sale of its shares at ¥1,791.0 per share. The total offering amount is approximately ¥29,965,980,000, the underwriting price is ¥1,717.14 per share, and the total underwriting amount is approximately ¥28,721,570,000. The offering will be conducted by underwriters purchasing the shares, with the application period from January 20 to January 21, 2026, and the settlement date on January 26. Additionally, 2,508,900 shares will be offered as an overallotment at the same price. The offering price is set at a 3.01% discount against the reference price of ¥1,846.5 on January 19, 2026.

Impact on Shareholders and Future Schedule

This offering increases the number of shares supplied to the market, which may affect the shareholding ratio of existing shareholders. Underwriters will purchase shares at the underwriting price and offer them to the market at the offering price, generating revenue from the price spread. The application period is from January 20 to 21, 2026, with settlement on January 26, and the syndicate cover transaction period runs from January 22 to February 20. These schedules clearly outline the execution of the offering and its impact on the market.