Kikkoman : Business Performance Presentation for the Nine-Month Period Ended December 31, 2022

About this update from Kikkoman Corporation

Supplementary Schedules Consolidated Financial Results for Q3 FY2023 Nine-months Period Ended December, 2022 IFRS Kikkoman Corporation Index I. Major consolidated performance indicators Business performance Exchange rates Consolidated business performance Consolidated business performance in Japan Consolidated business performance overseas Other income (expenses) and finance income (costs) Consolidated statement of financial position page 1 2 3 4 5 6 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 2022.9 2021.3 2022.3 2023.3 Actual Actual Actual Actual Actual Forecast Revenue millions of yen 212,892 248,681 305,378 439,411 516,440 596,700 YoY change % - 16.8 22.8 (0.0) 17.5 15.5 Business profit millions of yen 21,950 27,634 31,751 42,650 52,273 55,100 (Business profit ratio) % 10.3 11.1 10.4 9.7 10.1 9.2 YoY change % - 25.9 14.9 12.1 22.6 5.4 Operating profit millions of yen 22,159 27,086 30,343 41,672 50,682 52,800 (Operating profit ratio) % 10.4 10.9 9.9 9.5 9.8 8.8 YoY change % - 22.2 12.0 19.4 21.6 4.2 Profit before income taxes millions of yen 22,790 29,651 32,459 43,194 54,231 56,200 (Profit before income tax ratio) % 10.7 11.9 10.6 9.8 10.5 9.4 YoY change % - 30.1 9.5 14.2 25.6 3.6 Profit for the period/year attributable to owners of millions of yen 16,278 21,367 23,292 31,159 38,903 40,700 the parent (Ratio of profit for the period/year attributable to % 7.6 8.6 7.6 7.1 7.5 6.8 owners of the parent to revenue) % - 31.3 9.0 16.1 24.9 4.6 YoY change Comprehensive income for the period/year millions of yen 14,508 24,398 62,413 43,919 61,686 - attributable to owners of the parent Basic earnings per share yen 84.79 111.41 121.62 162.31 202.94 212.53 Diluted earnings per share yen - - - - - - Cash dividends per share yen - - - 45.00 61.00 61.00 Dividend payout ratio (consolidated) % - - - 27.7 30.1 28.7 Total equity millions of yen 287,854 330,583 418,613 313,514 363,907 - Equity attributable to owners of the parent millions of yen 282,698 324,846 411,947 308,130 357,816 - Equity attributable to owners of the parent per yen - - - 1,605.08 1,868.13 - share millions of yen 402,218 453,940 562,780 438,508 503,061 - Total assets Equity attributable to owners of the parent to total % 70.3 71.6 73.2 70.3 71.1 - assets D/E ratio % 15.1 13.8 13.0 14.6 13.1 - Ratio of dividend to equity attributable to owners of % - - - 3.0 3.5 - the parent (consolidated) % 5.9 6.8 6.1 10.7 11.7 - ROE attributable to owners of the parent Ratio of profit before income taxes to total assets % 5.7 6.6 6.1 10.3 11.5 - Share price at end of period yen 5,820 9,090 8,200 6,590 8,130 - PER times - - - 40.6 40.1 - Cash flows from operating activities millions of yen 27,592 21,461 20,526 57,167 52,093 - Cash flows from investing activities millions of yen (9,486) (11,661) (11,176) (16,886) (16,105) - Cash flows from financing activities millions of yen (8,352) (9,719) (10,678) (15,420) (17,900) - Cash and cash equivalents at end of period millions of yen 37,645 55,849 88,526 55,678 79,229 - Free cash flows millions of yen 18,393 10,204 10,817 40,393 32,730 - Free cash flows per share yen 95.81 53.21 56.48 210.41 170.74 - Interest-bearing debt millions of yen 42,774 44,797 53,468 44,943 46,704 - Capital expenditures millions of yen 7,822 11,853 15,282 20,946 24,617 48,500 Depreciation and amortization millions of yen 9,617 9,867 10,876 19,371 20,041 22,800 R&D costs millions of yen 2,219 2,332 2,440 4,758 4,892 - Net financial income (loss) millions of yen 119 318 582 196 430 - Average term exchange rate yen/US$ 106.68 110.18 133.46 106.17 112.86 129.19 Number of employees people 7,620 7,700 7,768 7,645 7,686 - Average number of temporary workers people - - - 646 633 - Shares issued and outstanding at end of period thousand 191,973 191,617 191,478 191,971 191,537 - (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 interes 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 9. 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 (22.4-22.12) (22.12) (21.4-21.12) (22.3) US$ 135.40 132.70 111.38 122.39 24.02 121.6 10.31 108.4 EURO 140.42 141.47 130.85 136.70 9.57 107.3 4.77 103.5 S$ 97.80 98.76 82.72 90.49 15.08 118.2 8.27 109.1 A$ 93.05 89.57 82.86 92.00 10.19 112.3 (2.43) 97.4 - Sup. 2 - 2. Consolidated business performance Revenue Millions of yen Change Change 2022.12 2021.12 excluding increase % % Actual Actual translation (decrease) difference Japan Soy Sauce 33,310 33,082 227 100.7 227 100.7 Food Products 38,025 42,246 (4,221) 90.0 (4,221) 90.0 Portion accounted for by 26,793 26,225 567 102.2 567 102.2 soy sauce derivative products Beverages 33,127 34,238 (1,110) 96.8 (1,110) 96.8 Portion accounted for by 23,732 25,187 (1,455) 94.2 (1,455) 94.2 soy milk beverages Liquor and Wine 7,932 7,026 905 112.9 905 112.9 Eliminations (147) (133) (13) - (13) - Foods-Manufacturing and Sales 112,248 116,461 (4,212) 96.4 (4,212) 96.4 Others 16,572 16,179 393 102.4 393 102.4 Eliminations (9,313) (9,364) 51 - 51 - Total 119,508 123,275 (3,767) 96.9 (3,767) 96.9 Overseas Soy Sauce 90,026 71,824 18,202 125.3 4,602 106.4 Del Monte 6,025 4,514 1,510 133.5 574 112.7 Other Foods 11,170 9,439 1,730 118.3 (317) 96.6 Foods-Manufacturing and Sales 107,222 85,778 21,443 125.0 4,858 105.7 Foods-Wholesale 257,107 190,741 66,366 134.8 26,178 113.7 Eliminations (13,856) (11,596) (2,259) - (245) - Total 350,473 264,923 85,549 132.3 30,792 111.6 Kikkoman (Holding Company) 14,313 13,289 1,023 107.7 1,023 107.7 Eliminations (17,931) (16,628) (1,303) - (1,303) - Consolidated Total 466,363 384,860 81,502 121.2 26,744 106.9 Business profit 2022.12 2021.12 Change Change excluding increase % % Actual Actual translation (decrease) difference Japan Foods-Manufacturing and Sales 8,101 11,178 (3,077) 72.5 (3,077) 72.5 Others 1,531 1,449 81 105.6 81 105.6 Total 9,657 12,655 (2,998) 76.3 (2,998) 76.3 Overseas Foods-Manufacturing and Sales 21,596 18,296 3,299 118.0 (14) 99.9 Foods-Wholesale 17,846 13,868 3,977 128.7 1,276 109.2 Total 39,272 32,153 7,118 122.1 1,132 103.5 Kikkoman (Holding Company) 4,255 3,975 280 107.0 280 107.0 Eliminations (4,963) (4,518) (444) - (886) - Consolidated Total 48,221 44,266 3,955 108.9 (2,472) 94.4 Operating profit 46,322 43,184 3,138 107.3 (2,778) 93.6 Profit before income taxes 50,640 46,511 4,128 108.9 (2,038) 95.6 Profit for the period attributable to owners of the 36,375 33,354 3,020 109.1 (1,521) 95.4 parent - Sup. 3 -

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