Investor Presentaiton

3. NAPA solutions Strong interest from corporates as a new area of business NOMURA Corporates have a wide range of food and agriculture needs, and over 100 listed companies alone have. entered the sector Classification matrix of companies entering the agriculture sector Many companies set up plant factories to supplement/bolster their businesses Factory type (Kagome, Kewpie, Kubota, Valor, Oriental Land, Japan Airlines, etc.) Unutilized facilities are used by many companies to set up plant factories as a new business (Shimizu Corporation, Orix, Toyota Tsusho, Mitsubishi Estate, etc.) No. of listed companies entering agricultural production business Supplementary business2 Restaurant and distribution Transportation and energy Materials and resources Construction, real estate and industrial infrastructure Food and Healthcare Financial services Electronics and IT Trading company 113 companies¹ Automobiles and machinery 0 10 20 30 40 Companies with food-related core businesses such as supermarkets or food service enter the sector to supplement or strengthen their businesses (Aeon, Lawson, Mos Food Services, etc.) 1. Including companies that have already exited the sector. Outdoor type New business Many companies produce organic vegetables or fruits as a new business (Sojitz (Aquaculture), Inabata, Kyudenko, etc.) 2. Supplementary business: Businesses that supplement the core business, including direct procurement of food raw materials or products, or improving the value of the core business. 3. Note: This classification is based on NAPA's subjective perspective and actual reasons for entering the sector may differ. Copyright Nomura Agri Planning & Advisory Co., Ltd. All rights reserved Source: NAPA, based on public information. 14

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