Segment Information

Overview of Operating and Geographic Segment Performance

By Operating Segment

Processed Foods Business Division-Production and marketing of hams and sausages and processed foods-

▆Net sales and Operating income

Fresh Meats Business Division-Production and marketing of fresh meats-

▆Net sales and Operating income

Affiliated Business Division-Production and marketing of marine products and dairy products-

▆Net sales and Operating income

Overseas Business Division-Local sales and export to third countries,in addition to exports to Japan-

▆Net sales and Operating income

NOTES

1. Net sales and operating income represent amounts prior to consolidation adjustments.

2. Operating income is calculated by deducting cost of goods sold and selling, general and administrative expenses from net sales, in accordance with Japanese accounting practices.

3. NH Foods Ltd. established a new “Overseas Business Division” on April 1, 2016. In accordance to such establishment, all overseas subsidiaries and associated companies previously under the control of each business division (Processed Foods Business Division, Fresh Meats Business Division and Affiliated Business Division) have become under the control of the “Overseas Business Division.” Consequently, the prior years' segment information is reclassified. However the information on March 31, 2014 is unaudited.

By Geographical Area

Asia & Europe

▆Net sales and Operating income

Americas

▆Net sales and Operating income

Australia

▆Net sales and Operating income

Notes:

1. The total of each area is not equal to the Overseas Business Division total, by reason of the elimination of intersegment transactions.

2. The Americas includes North and South American businesses.

3. Operating income is calculated by deducting cost of goods sold and selling, general and administrative expenses from net sales, in accordance with Japanese accounting practices.

4. Breaders & Packers Uruguay SA. is included in Australia.