Itoham Yonekyu : Notice Regarding Changes in Organaization, Representative Director, Directors and Executive Officers

January 21, 2022

ITOHAM YONEKYU HOLDINGS INC. President and Chief Executive officer: Isao Miyashita (Tokyo Stock Exchange Securities Code: 2296) Contact: Kenji Uchiyama, Investor Relations Section, Corporate Strategy Planning Office Tel: [phone]

Notice Regarding Changes in Organization,

Representative Director, Directors and Executive Officers

ITOHAM YONEKYU HOLDINGS INC. (the Company) hereby announces that the Board of Directors has resolved at a meeting held today to make the following changes in the organization, representative director, and directors and executive officers. The details are as follows.

1. Organizational Changes

As part of the priority policies in the Medium-term Management Plan 2023, which include "Strengthening Management Base," "Initiatives for New Businesses and Markets," and "Initiatives for Sustainability," the entire group will be reorganized into a more efficient and competitive organization organized by function to maximize the effects of the integration and promote sustainability management.

Effective April 1, 2022

(1) Establishment of Processed Foods Division

In order to enable flexible management decisions to be made on a business strategy segment basis, the Company will integrate the headquarters functions of the processed food business of Itoham Foods Inc., and Yonekyu Corp., to establish a new "Processed Foods Division," and "Business Strategy Division.," "Sales Division" and "Production Division" will be newly established under its control.

(2) Establishment of Administration Division

To strengthen the collaboration of corporate function and enhance the management and support system from the perspective of optimizing the Group as a whole, the Company will newly establish the "Administration Division" and reorganize the "Accounting & Finance Department," "General Affairs Department," "Human Resources Department," "Legal & Compliance Department," and "IT Management Office" to be under its control.

(3) Establishment of Sustainability Management Office

In order to establish a system to promote sustainability management throughout the Group and to fulfill our social responsibilities through our business, the Company will newly establish the "Sustainability Management Office" under the Administration Division.

(4) Establishment of New Business Development Office

To strengthen the Group's efforts in new areas of growth and establish a system to promote new businesses, the Company will establish the "New Business Development Office" under the control of the CEO Office.

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(5) Establishment of Public & Investor Relations Office

To enhance communication with stakeholders and improve corporate value, the Company will establish the "Public & Investor Relations Office" under the President's Office, and reorganize the "Public Relations Section" and "Investor Relations Section" into an organization under the control of the "Public & Investor Relations Office".

2. Resignation of Representative Director

Late June 2022 (Subject to resolution at the Ordinary General Meeting of Shareholders of ITOHAM YONEKYU HOLDINGS INC.)

Name	New	Current
Ikurou	-	Executive Vice President
Shibayama		In charge of Group Processed Foods
		Business
		In charge of Quality Assurance
		Chief Executive Officer, Itoham Foods
		Inc.
		Director, Yonekyu Corp.

*He is scheduled to retire from all positions and titles other than Executive Vice President of ITOHAM YONEKYU HOLDINGS INC. on April 1, 2022.

3. Selection of Candidates for New Directors

Late June 2022 (Subject to resolution at the Ordinary General Meeting of Shareholders of ITOHAM YONEKYU HOLDINGS INC.)

Name	New	Current
Koichi Ito	Director Managing Executive Officer	Senior Executive Officer
	Chief Operating Officer, Processed Foods	Director, Deputy Chief Operating Officer,
	Business Div.	Processed Foods Div., and Senior
	Chief Executive Officer, Itoham Foods	General Manager, Business Strategy Div.,
	Inc.	Itoham Foods Inc.
	Director, Yonekyu Corp.

*He is scheduled to assume all positions and titles other than Director of ITOHAM YONEKYU HOLDINGS INC. on April 1, 2022.

Name and Brief Profile of Candidate for New Director

Name		Career background
(Date of Birth)
	April, 1997:	Joined Itoham Foods Inc.
	July 2006:	Executive Officer, Itoham Foods Inc.
	March 2009:	Executive Officer and Deputy Chief Operating Officer, Meat Div.,
		Itoham Foods Inc.
	June 2010:	Director, Itoham Foods Inc.
	March 2013:	Director Executive Officer, Senior General Manager-Food Service
		Sales, Processed Foods Div., Itoham Foods Inc.
Koichi Ito	April 2016:	Boardmember, ANZCO FOODS LTD.
(March 16, 1975)	April 2018:	Senior Executive Officer, ITOHAM YONEKYU HOLDINGS INC.
		(Current)
	March 2019:	Executive Director and General Manager, Corporate Strategy
		Planning Office, Yonekyu Corp.
	April 2020:	Director and Chief Operating Officer, Meat Div., Itoham Foods Inc.
	April 2021:	Director, Deputy Chief Operating Officer, Processed Foods Div.,
		and Senior General Manager, Business Strategy Div., Itoham Foods
		Inc.(Current)

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4. Appointment and Promotion of Executive Officers, and Changes in the Scope of Responsibilities and Duties of Directors and Executive Officers

Effective April 1, 2022

Name	New	Current
Katsuhiro Ito	Director Managing Executive Officer	Director Managing Executive Officer
	Chief Financial Officer	In charge of Corporate (Accounting &
	In charge of Compliance	Finance / General Affairs / Human
	Senior Managing Director, Itoham Foods	Resource Dept.)
	Inc.	In charge of Compliance
	Director, Yonekyu Corp.	Senior Managing Director, Chief Financial
		Officer, Itoham Foods Inc.
Takamasa	Director Managing Executive Officer	Director Senior Executive Officer
Wakaki	Chief Operating Officer, Meat Business	Group Meats Business
	Div.	Chief Operating Officer, Meats Div.
	Executive Director, Itoham Foods Inc.	Executive Director, Chief Operating
	Director, Yonekyu Corp.	Officer, Meat Div., Itoham Foods Inc.
Masayuki	Managing Executive Officer	Senior Executive Officer
Yoneda	Deputy Senior General Manager,	Executive Director, Chief Operating
	Processed Foods Business Div.	Officer, Processed Foods Div., Itoham
	Executive Director, Itoham Foods Inc.	Foods Inc.
Takeshi	Senior Executive Officer	Senior Executive Officer
Koyama	General Manager, CEO Office and	General Manager, CEO Office and
	General Manager, Corporate Strategy	General Manager, Corporate Strategy
	Planning Office	Planning Office
	In charge of Group Logistics	In charge of Group Logistics
		General Manager, ABC Business
		Promotion Office
Tsuyoshi	Senior Executive Officer	Senior Executive Officer
Fukunishi	Asian Best Chicken Co.,Ltd (temporary	Executive Director, Yonekyu Corp.
	transfer)	Senior General Manager-Production
Yoshiyuki	Senior Executive Officer	Senior Executive Officer
Ishimatsu	Senior General Manager-Production Div.,	Chief Group Production Officer
	Processed Foods Business Div.	Purchasing Dept.
	In charge of Purchasing Dept.	Senior General Manager-Production,
	In charge of Central Research Institute	Processed Foods Div., Itoham Foods Inc.
Tomoyuki	Senior Executive Officer	Senior Executive Officer
Ushimaru	Senior General Manager-Sales Div.,	Senior General Manager-Sales Div.,
	Processed Foods Business Div.	Processed Foods Div., Itoham Foods Inc.
	Chief Executive Officer, Itoham Sales Inc.	Chief Executive Officer, Itoham Sales Inc.
Kouki Haruna	Executive Officer	Executive Officer
	Senior General Manager-Business	Deputy General Manager-Business
	Strategy Div., Processed Foods Business	Strategy Div., Processed Foods Div. and
	Div.	General Manager, Marketing Dept.,
		Itoham Foods Inc.
Katsumi	Executive Officer	Executive Officer
Nozawa	Deputy Senior General Manager,	General Manager, PMI Office
	Administrative Div,	Executive Director, Yonekyu Corp.
	and General Manager, PMI Office	Chief Financial Officer
Akira Maeda	Executive Officer (new)	General Manager, Accounting & Finance
	General Manager, Accounting & Finance	Dept.
	Dept., Administration Div.

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Name	New	Current
Hiroyuki Tamai	Executive Officer	Executive Officer
	General Manager, New Business	General Manager, Processed Food
	Development Office	Business Dept.,Yonekyu Corp.
		/ General Manager, Marketing Unit
		and Manager, Sales Promotion Section
Hirohiko	Executive Officer	Executive Officer
Yoshino	Senior General Manager-Imported Meat,	Deputy Senior General
	Meat Business Div.	Manager-Imported Meat, Meat Div.
		General Manager, Meat Business Dept.,
		Yonekyu Corp.
Takuya	Executive Officer	Executive Officer
Hashimoto	General Manager, IT Management Office,	General Manager, IT Management Office
	Administration Div.	and Manager, MIRAIKIBAN Section

5. Resignation of Executive Officers Effective March 31, 2022

Name	New	Current
Masaaki Sone	Advisor, Production Div. (*1)	Senior Executive Officer
		Chief Group R&D Officer
		In charge of Central Research Institute
Ryuji Otsuki	Chief Executive Officer, Itoham Meat	Executive Officer
	Sales East Inc.(*2)	Senior General Manager-Imported Meat,
		Meat Business Div.
Hidetoshi	Chief Executive Officer, Yonekyu Delica	Executive Officer
Noguchi	Foods Corp.	Chief Executive Officer, Yonekyu Delica
		Foods Corp.

*1 The Advisor is scheduled to take office on April 1, 2022.

*2 Chief Executive Officer of Itoham Meat Sales East Inc. is scheduled to take office on April 1, 2022.

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(Reference）

New Organization Chart （Effective April 1, 2022）

General

shareholders

meeting

Audit &

Supervisory

Board

Board of

Nomination

Directors

Advisory

Committee

Compensation

Advisory

Committee

Governance

Committee

Compliance

Committee

Sustainability

Committee

Corporate Strategy Planning Office

Investment and

President

CEO Office

PMI Office

Loan

New Business Development Office

Committee

Public & Investor Relations Office

Group

Audit Office

Executive

Committee

Crisis

Crisis

Management

Management

In charge of

In charge of

Committee

Office

In charge of

Central

Purchasing

Group Logistics

Research

Dept.

Administration

Meat Business

Processed

Foods Business

Div.

Div.

Div.

Imported Meat

Domestic Meat

Meat Process &

Sales Div.

Business

Production Div.

Div.

Div.

Farm Div.

Strategy Div.

Imported

Beef

Quality

Central

Central

Logistics Dept.

Accounting &

Business

Processed

Domestic Beef

Domestic Meat

Sales

Business

Production

Assurance

Research

Research

Finance Dept.

Strategy Dept.

Dept.

Meat Dept.

Dept.

Process &

Management

Planning Dept.

Planning Dept.

Dept.

Institute

Institute

General Affairs

Imported Pork

Domestic Pork

Farm Dept.

Dept.

Marketing Dept.

Product

Overseas

Sales

Dept

Dept.

Dept.

Development

Sustainability

Imported

Domestic

Business Dept.

Promotion

Dept.

Dept.

Quality Control

Management

Poultry Dept.

Poultry Dept.

Sect.

Trading Dept.

Domestic

Dept.

Human

Technical

Poultry Dept.

Resource Dept.

Center

Legal &

Production

Compliance

Management

Dept.

Dept.

Logistics Dept.

Production

IT Management

Material Dept.

Office

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