AGENDA

1. Medium- to Long-Term Vision of Yukiguni Maitake
2. Review of the Current Medium-Term Business Plan
3. Background and Reasons for Brushing Up the Current Medium-Term Business Plan
4. Image of the New Medium-Term Business Plan
5. Basic Policy
6. Quantitative Targets of the Medium-Term Business Plan
7. ESG strategy

Values

Company

Motto

1. Management Philosophies
2. • Basic
     Business
     Policies

Ⅲ-1 Basic

Policies

Ⅲ-2 Basic

Strategies

Contribution towards society with quality products

A worthwhile workplace

1. Contribute towards enrichment of citizens' livelihood and the prosperity of food culture
2. Realize contributions to local communities and shareholders and affluent executives and employees
3. Respect for corporate ethics

1. Reform the culture of challenge
2. Identify customer needs
3. Realize employee enrichment
4. Respect for corporate ethics
5. "Pursuit of value and strength" and "Thorough selection and concentration of businesses"

Create further demand in the domestic mushroom market and evolve into a comprehensive manufacturer of premium mushrooms with global operations

1. Domestic mushroom market: New value creation
2. Cost reduction through innovative production technology: Improvement of productivity through factory automation of production processes and maximization of energy efficiency
3. Global expansion: Build an in-house foundation for production and sales, and explore business opportunities in mushroom-related fields

1. Establish a foundation as a comprehensive manufacturer of premium mushrooms
2. Achieve and maintain the overwhelming No. 1 position in maitake
3. Pursuit technological innovation in production and packaging
4. Start full-scale overseas expansion

March 31, 2021

achieved mostly been has plan business term-medium current The date to

Market Domestic

Market Overseas

Environment surrounding our company

• Demographics (population decline, aging)
• Residual effects of COVID-19
  (Certain restrictions on in-store promotions and tasting sales)
• Economic uncertainty and expected rising awareness of household defense
• Competitors' movements
  (Increased production and new products of maitake mushroom)
• Global mushroom market is expected to grow at a steady rate of about 4% through 2025.
• Growing needs for healthy and environmentally friendly mushrooms
  (Increasing health consciousness among consumers / Animal protein replacement)
• There are no huge mushroom-based players.

Response and Policy

Brush up strategies and focus resources on priority areas

• Further expansion and deepening of demand for maitake
• • Aware of target customer groups by region
  • Develop more customized marketing
  • Expand market share
• Further contribution to the mushroom business
• • A pillar of domestic growth
  • Room for demand development
  • High complementarity with maitake
• Further productivity improvement in terms of production

Full-scale start toward becoming a comprehensive manufacturer of premium mushrooms in the global market

• Dramatic increase in the Group's sustainable growth potential
• • Capture the relatively high growth of overseas mushroom markets
• A medium- to long-term time horizon is necessary for certain results.
• • Realization of results will take four to five years.
  • The current medium-term plan has 1.5 years remaining (until March 2023)