Morinaga : （Updated）Notice Regarding Correction to Figures Presented in Consolidated Financial Summary for the Nine Months Ended December 31, 2021

Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

March 9, 2022

Press Release

Company name: MORINAGA & CO., LTD.

Representative: Eijiro Ota, Representative Director, President

(Code: 2201; First Section of Tokyo Stock Exchange)

Contact: Ayako Kunichika

Executive Officer, General Manager,

Corporate Communication Division

(TEL: [phone])

（Updated）Notice Regarding Correction to Figures Presented in

Consolidated Financial Summary for the Nine Months Ended December 31, 2021

MORINAGA & CO., LTD. (the "Company") today announced that it has corrected a number of figures presented in the Supplementary Information section of the Company's Consolidated Financial Summary for the Nine Months Ended December 31, 2021, as outlined in the tables below. The corrected figures have been underlined.

1. Reason for correction

Following the release of the Consolidated Financial Summary for the Nine Months Ended December 31, 2021, it was ascertained that a number of the presented figures were incorrect.

2. Correction details

A number of figures included in a table under "4. Net sales in focus domains prioritized in the 2030 Business Plan" in the "3. Supplementary Information" section on page 12 of the Consolidated Financial Summary for the Nine Months Ended December 31, 2021 have been corrected.

Prior to correction

				(Million yen)
	Year ended March	Year ending March
Focus domain	31, 2021 3Q ended	31, 2022 3Q ended	Year-on-year	Year-on-year
December 31,	December 31,	comparisons	change (%)
	2020	2021
"in" business	19,117	22,865	3,748	+19.6%
Direct marketing	5,579	6,700	1,121	+20.1%
business
U.S. business	5,507	7,553	2,046	+37.2%
Frozen desserts	32,312	33,484	1,172	+3.6%
business
Total	62,516	70,604	8,088	+12.9%

Following correction

				(Million yen)
	Year ended March	Year ending March
Focus domain	31, 2021 3Q ended	31, 2022 3Q ended	Year-on-year	Year-on-year
December 31,	December 31,	comparisons	change (%)
	2020	2021
"in" business	19,117	22,895	3,778	+19.8%
Direct marketing	5,579	6,700	1,121	+20.1%
business
U.S. business	5,507	7,553	2,046	+37.2%
Frozen desserts	32,312	33,484	1,172	+3.6%
business
Total	62,516	70,634	8,118	+13.0%