February 1, 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: +81-03-3456-0150)

Notice Regarding Release of Analyst Report from Shared Research Inc.

MORINAGA & CO., LTD. (the "Company") today announced the release of an analyst report from Shared Research Inc. Details are as follows.

The report was prepared based on research and analysis performed from the perspective of a third

party, with emphasis on objectivity. The Company believes the report will help investors gain a

deeper understanding of Morinaga Group and will prove useful as a reference for investment

decision-making.

  • Report release date: February 1, 2022
  • Link to report:https://sharedresearch.jp/en/companies/2201
    • This report is a translation of the original Japanese-language report released in December 2021.

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Disclaimer

Morinaga & Co. Ltd. published this content on 01 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 February 2022 06:11:05 UTC.