ABOUT YUTAKA

Company Name: Yutaka Foods Corporation (“Yutaka” or “the Company”, stock code: 2806 JP)

Website: www.yutakafoods.co.jp

Address: 34-1 Kawawaki, Taketoyocho, Chita-Gun, Aichi 470-2395, Japan

Founded: January 1919

Capital: 1,160,655 thousand yen

Chairman: Satoru Kusunoki

President and CEO: Atsushi Hashimoto

Profile:

<Yutaka products> Manufacture and sale of liquid seasoned foods and powdered foods

<Maruchan products> Contract manufacturing of powdered foods, chilled foods, instant noodles, etc.

Yutaka Foods is a 51% listed subsidiary of Toyo Suisan Kaisha Ltd (“Toyo Suisan”, stock code: 2875 JP), a Japan listed global instant noodle company owns the Maruchan brand with a JPY488 bn market cap.

Toyo Suisan has the 2nd largest market share in Japan for instant noodles and is the market leader in the USA (70% share) and Mexico (80% share).

Yutaka essentially acts as a manufacturing agent of the listed parent: More than 80% of COGS is purchased from the parent, and 80% of sales is to the parent company.