Kikkoman : Business Performance Presentation for the Nine-Month Period Ended December 31, 2021

About this update from Kikkoman Corporation

Supplementary Schedules Consolidated Financial Results for Q3 Fiscal 2022 Nine-month period ended December 31, 2021 IFRS Kikkoman Corporation Index page I. Major consolidated performance indicators 1 II. Business performance 1. Exchange rates 2 2. Consolidated segment information 3 3. Consolidated segment information in Japan 4 4. Consolidated segment information overseas 5 5. Other income (expenses) and finance income (costs) 6 6. Consolidated statement of financial position 7 Forecasts throughout this document were based on the economic environment as of the time they were prepared. Kikkoman therefore wishes to caution readers that actual results may differ materially from forecasts due to a number of unpredictable factors. I. Major consolidated performance indicators Consolidated Results 2020.9 2021.9 2020.3 2021.3 2022.3 H1 H1 Actual Actual Forecast Revenue millions of yen 212,892 248,681 439,627 439,411 493,800 YoY Change % - 16.8 - (0.0) 12.4 Business profit millions of yen 21,950 27,634 38,041 42,650 49,700 (Business profit ratio) % 10.3 11.1 8.7 9.7 10.1 YoY Change % - 25.9 - 12.1 16.5 Operating profit millions of yen 22,159 27,086 34,903 41,672 48,200 (Operating profit ratio) % 10.4 10.9 7.9 9.5 9.8 YoY change % - 22.2 - 19.4 15.7 Profit before income taxes millions of yen 22,790 29,651 37,814 43,194 51,300 (Profit before income tax ratio) % 10.7 11.9 8.6 9.8 10.4 YoY change % - 30.1 - 14.2 18.8 Profit for the period/year attributable to millions of yen 16,278 21,367 26,827 31,159 36,400 owners of the parent (Ratio of profit for the period/year attributable % 7.6 8.6 6.1 7.1 7.4 to owners of the parent to revenue) YoY change % - 31.3 - 16.1 16.8 Comprehensive income for the period/year millions of yen 14,508 24,398 16,018 43,919 - attributable to owners of the parent Basic earnings per share yen 84.79 111.41 139.74 162.31 189.87 Diluted earnings per share yen - - - - - Cash dividends per share yen - - 42.00 45.00 45.00 Dividend payout ratio (consolidated) % - - 30.1 27.7 23.7 Total equity millions of yen 287,854 330,583 277,543 313,514 - Equity attributable to owners of the parent millions of yen 282,698 324,846 272,258 308,130 - Equity attributable to owners of the parent per yen - - 1,418.20 1,605.08 - share millions of yen Total assets 402,218 453,940 398,698 438,508 - Equity attributable to owners of the parent to % 70.3 71.6 68.3 70.3 - total assets % 15.1 13.8 16.9 14.6 - D/E ratio Ratio of dividend to equity attributable to % - - 3.0 3.0 - owners of the parent (consolidated) % 5.9 6.8 10.0 10.7 - ROE attributable to owners of the parent Ratio of profit before income taxes to total % 5.7 6.6 9.6 10.3 - Share price at end of period yen 5,820 9,090 4,605 6,590 - PER times - - 33.0 40.6 - Cash flows from operating activities millions of yen 27,592 21,461 41,958 57,167 - Cash flows from investing activities millions of yen (9,486) (11,661) (28,777) (16,886) - Cash flows from financing activities millions of yen (8,352) (9,719) (11,400) (15,420) - Cash and cash equivalents at end of period millions of yen 37,645 55,849 28,103 55,678 - Free cash flows millions of yen 18,393 10,204 16,050 40,393 - Free cash flows per share yen 95.81 53.21 83.60 210.41 - Interest-bearing debt millions of yen 42,774 44,797 45,925 44,943 - Capital expenditures millions of yen 7,822 11,853 29,103 20,946 23,000 Depreciation and amortization millions of yen 9,617 9,867 18,287 19,371 19,800 R&D costs millions of yen 2,219 2,332 4,406 4,758 - Net financial income (loss) millions of yen 119 318 511 196 - Average term exchange rate yen/US$ 106.68 110.18 109.10 106.17 109.95 Number of employees people 7,620 7,700 7,376 7,645 - Average number of temporary workers people - - 775 646 - Shares issued and outstanding at end of thousand 191,973 191,617 191,974 191,971 - period (Notes) 1. Revenue does not include consumption and other taxes. Free cash flows = Cash flows from operating activities Cash used for the acquisition of property, plant and equipment and intangible assets Cash provided from the sale of property, plant and equipment and intangible assets Interest-bearing debt refers to all liabilities on the consolidated statement of financial position on which interest is paid. Net financial income = Interest and dividend income - Interest expense Equity attributable to owners of the parent = Total equity - Share acquisition rights - Non-controlling interest D/E ratio = Interest-bearing debt/Equity attributable to owners of the parent Shares issued and outstanding at end of period is computed, excluding treasury stock. Business profit = Revenue - Cost of sales - Selling, general and administrative expenses Consolidated performance indicators of the annual and six-month periods of the most recent years are indicated. - Sup.1 - Business performance 1. Exchange rates [Exchange Rates] Current year actual Previous year actual Change increase (decrease) Period End of Period End of Period % End of % average period average period average period (21.4-21.12) (21.12) (20.4-20.12) (20.12) US$ 111.38 115.02 105.87 110.71 5.51 105.2 4.31 103.9 EURO 130.85 130.51 122.30 129.80 8.55 107.0 0.71 100.5 S$ 82.72 85.15 76.86 82.27 5.86 107.6 2.88 103.5 A$ 82.86 83.42 73.88 84.36 8.98 112.2 (0.94) 98.9 - Sup.2 - 2. Consolidated segment information Revenue Millions of yen Change Change 2021.12 2020.12 excluding increase % % Actual Actual translation (decrease) difference Japan Soy Sauce 33,082 33,187 (104) 99.7 (104) 99.7 Food Products 42,246 40,876 1,369 103.4 1,369 103.4 Portion accounted for by 26,225 25,585 640 102.5 640 102.5 soy sauce derivative products Beverages 34,238 34,438 (200) 99.4 (200) 99.4 Portion accounted for by 25,187 25,137 49 100.2 49 100.2 soy milk beverages Liquor and Wine 7,026 6,853 172 102.5 172 102.5 Eliminations (133) (127) (5) - (5) - Foods-Manufacturing and Sales 116,461 115,229 1,231 101.1 1,231 101.1 Others 16,179 15,980 198 101.2 198 101.2 Eliminations (9,364) (9,371) 6 - 6 - Total 123,275 121,838 1,436 101.2 1,436 101.2 Overseas Soy Sauce 71,824 60,805 11,019 118.1 7,050 111.6 Del Monte 4,514 4,177 337 108.1 108 102.6 Other Foods 9,439 9,094 345 103.8 (113) 98.8 Foods-Manufacturing and Sales 85,778 74,076 11,702 115.8 7,045 109.5 Foods-Wholesale 190,741 143,313 47,428 133.1 36,299 125.3 Eliminations (11,596) (9,436) (2,160) - (1,585) - Total 264,923 207,953 56,969 127.4 41,759 120.1 Kikkoman (Holding Company) 13,289 12,918 371 102.9 371 102.9 Eliminations (16,628) (16,183) (444) - (444) - Consolidated Total 384,860 326,527 58,332 117.9 43,122 113.2 Business profit Change Change 2021.12 2020.12 excluding increase % % Actual Actual translation (decrease) difference Japan Foods-Manufacturing and Sales 11,178 10,531 647 106.2 647 106.2 Others 1,449 1,466 (16) 98.9 (16) 98.9 Total 12,655 12,019 636 105.3 636 105.3 Overseas Foods-Manufacturing and Sales 18,296 15,562 2,733 117.6 1,808 111.6 Foods-Wholesale 13,868 7,776 6,092 178.3 5,313 168.3 Total 32,153 23,314 8,839 137.9 7,141 130.6 Kikkoman (Holding Company) 3,975 3,963 11 100.3 11 100.3 Eliminations (4,518) (4,599) 80 - (56) - Consolidated Total 44,266 34,697 9,568 127.6 7,733 122.3 Operating profit 43,184 34,906 8,277 123.7 6,631 119.0 Profit before income taxes 46,511 36,069 10,441 128.9 8,801 124.4 Profit for the period attributable to owners of the 33,354 25,921 7,432 128.7 6,212 124.0 parent - Sup.3 -

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