Morinaga& : Notice Regarding Repurchase of Treasury Stock and Cancellation of Treasury Stock

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.

	May 10, 2024
Company name:	Morinaga & Co., Ltd.
Name of representative:	Eijiro Ota, Representative Director, President
	(Securities code: 2201; Prime Market of the
	Tokyo Stock Exchange)
Inquiries:	Natsuko Okamoto, General Manager,
	Corporate Communication Division
	(Telephone: [phone])

Notice Regarding Repurchase of Treasury Stock and Cancellation of Treasury Stock

(Repurchase of Treasury Stock under the Provisions of Articles of Incorporation Pursuant to Paragraph 2, Article 165 of the Companies Act of Japan and Cancellation of Treasury Stock Pursuant to the Provisions of Article 178 of the Companies Act of Japan)

Morinaga & Co., Ltd. ("the Company") announces that its Board of Directors today passed a resolution on matters related to the repurchase of treasury stock pursuant to the provisions of Article 156 of the Companies Act of Japan, as applied pursuant to Paragraph 3, Article 165 of said act. In addition, the Company passed a resolution on matters related to the cancellation of its treasury stock pursuant to the provisions of Article 178 of said act.

1. Purpose of repurchase and cancellation of treasury stock

To enhance returns to shareholders and improve capital efficiency

2. Details of repurchase

(1)	Type of shares to be repurchased	Common shares of the Company
(2)	Total number of shares to be repurchased	Up to 1,100,000 shares
		Ratio of total number of shares issued (excluding treasury
		stock):1.21%
(3)	Total amount of repurchase of shares	Up to 3,520,000,000 yen
(4)	Period of repurchase	May 13, 2024 to May 17, 2024
(5)	Method of repurchase	Repurchase through Tokyo Stock Exchange off-auction own
		share repurchase trading system (ToSTNeT-3)

(Note) The Company may not repurchase part or all of the shares of treasury stock due to market trends and other reasons.

3. Details of cancellation

(1)	Type of shares to be cancelled	Common shares of the Company
(2)	Total number of shares to be cancelled	All shares of treasury stock repurchased as described in 2. above
(3) Scheduled date of cancellation	June 14, 2024

(Reference) Treasury stock as of March 31, 2024
Total number of shares issued (excluding treasury stock)	90,677,454 shares
Number of shares of treasury stock (including fractional shares)	2,037,084 shares

(Note) The number of shares of treasury stock does not include the Company's shares held by the officer compensation Board Incentive Plan (BIP) trust (68,362 shares).