FY2017 1H

Interim ReportApril 1, 2016 to September 30, 2016

The 193rd Period

Securities Code: 2001

CONTENTS

Interview with President ∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙ 1Overview of Business ∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙ 4Topics ∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙ 5Product Profiles ∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙ 7Consolidated Financial Results ∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙∙ 9Company Profile and Share Information ∙∙∙∙∙∙∙∙∙∙∙ 10Back Cover: ● Payment of Interim Dividend

● Shareholder Information● Calendar Gift Information● Changes in Shareholder Benefits

To Our Shareholders

1

FY2017 1H Business Climate and Future Outlook

To Our ShareholdersWith the delivery of this “Interim Report for the 193rd Period” to you, we would like to express

our sincere appreciation for your continued support.

Nippon Flour Mills Co., Ltd. (NIPPN) announced, on November 7, 2016, its consolidated

financial results for the first half of the year ending March 31, 2017 (FY2017).

I will explain about the progress and future outlook of FY2017.Representative Director,

President and COOMasayuki Kondo

■ Interview with President

To enhance the business foundation and expand businesses in growth areas

Looking back at the first half of FY2017, what do you think of the business environment?

The Japanese economy remained on a moderate recovery track, supported by the fiscal policy of the Japanese

government and monetary easing by the Bank of Japan. However, a full-blown recovery of the Japanese economy has yet to materialize because of persisting yen appreciation and a bearish stock market in addition to international risks, such as the slowing of the Chinese economy and other emerging economies in Asia and the Brexit issue. In the food industry, and particularly in the restaurant and delicatessen market, consumers are becoming more frugal in view of the trend of the Japanese economy. In order to respond flexibly and swiftly to the rapidly changing business environment, the Group is strengthening the business foundation based on the fundamental measures implemented so far that are focused on cost reduction and sales expansion. We aim to achieve sustainable growth by steadily implementing initiatives to reinforce competitiveness based on a low-cost operation strategy, business expansion in growth fields, enrichment of overseas business, and enhancement of CSR activities.

Please introduce measures we implemented this fiscal year.

In April 2016, NIPPN Donuts Holdings Co., Ltd., a subsidiary of the Company, acquired all the shares in

Yamato Foods Co., Ltd., which operates donut shops. As a result, Yamato Foods Co., Ltd. has become a consolidated subsidiary of the Company.On November 1, Tofuku Flour Mills Co., Ltd., previously a consolidated subsidiary, became a wholly owned subsidiary of the Company through a share exchange. This was done in order to continuously increase the corporate value of both companies while achieving further synergy through enhanced collaboration.

Tell us about the overview of the consolidated performance in the first half of FY2017.

In line with the decrease of government selling prices for imported wheat by 7.1% on average for the five key

products in April 2016, we revised the prices of wheat flour products. In the Flour Milling segment, sales volumes of flour and

bran, a by-product of flour, increased; however, net sales decreased compared with the same period of the previous year because of the revised prices. In the Food segment, income increased thanks to the strong sales of home-use frozen foods and deli foods. Profits grew because of an increase in sales and the Group-wide endeavors to improve profitability. As for the consolidated financial results, the Company saw year-on-year increases in both sales and profits: net sales were ¥156,404 million (100.8% y-o-y), operating income was ¥5,401 million (107.2% y-o-y), ordinary income was ¥6,069 million (101.9% y-o-y), and profit attributable to the shareholders of the parent company was ¥4,151 million (103.4% y-o-y). In addition, the Company bought back 1,223,000 shares of its own stock at ¥922 million in September.

I see sales of frozen foods and deli foods have been doing well.

In Japan, the social environment changes a great deal like low birthrate and an aging population, small households and

women’s advancement in society. From a different point of view, it can be said that these changes are creating new markets. In the food market, it is becoming more important that products are not only reasonably-priced and tasty, but also are simple & fast, healthy & functional and small in volume. In response to this trend, the needs of frozen and deli foods are increasing. The Group develops a wide

variety of products to respond to diversifying lifestyles and people’s increasing health consciousness, which has led to increased sales of frozen and deli food products. We will continue to meet the needs of the changing market and to develop products from customers’ perspective at all times, and will endeavor to provide attractive products to everyone.

Tell us about the consolidation of shares and a change in the number of shares per unit.

The Company consolidated shares at a ratio of one share for every two shares and changed the number of shares per unit from 1,000 to 100 effective as of October 1, 2016, as

approved at our 192nd Annual Shareholders Meeting held on June 29, 2016.With respect to dividends, the interim dividend per share is expected to be ¥7 and the year-end dividend is expected to be ¥14 due to the consolidation of shares, both of which include a ¥2 commemorative dividend of the previous FYE in the ordinary dividend.

QA

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2

Please introduce measures we implemented this fiscal year.

In April 2016, NIPPN Donuts Holdings Co., Ltd., a subsidiary of the Company, acquired all the shares in

Yamato Foods Co., Ltd., which operates donut shops. As a result, Yamato Foods Co., Ltd. has become a consolidated subsidiary of the Company.On November 1, Tofuku Flour Mills Co., Ltd., previously a consolidated subsidiary, became a wholly owned subsidiary of the Company through a share exchange. This was done in order to continuously increase the corporate value of both companies while achieving further synergy through enhanced collaboration.

Tell us about the overview of the consolidated performance in the first half of FY2017.

In line with the decrease of government selling prices for imported wheat by 7.1% on average for the five key

products in April 2016, we revised the prices of wheat flour products. In the Flour Milling segment, sales volumes of flour and

bran, a by-product of flour, increased; however, net sales decreased compared with the same period of the previous year because of the revised prices. In the Food segment, income increased thanks to the strong sales of home-use frozen foods and deli foods. Profits grew because of an increase in sales and the Group-wide endeavors to improve profitability. As for the consolidated financial results, the Company saw year-on-year increases in both sales and profits: net sales were ¥156,404 million (100.8% y-o-y), operating income was ¥5,401 million (107.2% y-o-y), ordinary income was ¥6,069 million (101.9% y-o-y), and profit attributable to the shareholders of the parent company was ¥4,151 million (103.4% y-o-y). In addition, the Company bought back 1,223,000 shares of its own stock at ¥922 million in September.

I see sales of frozen foods and deli foods have been doing well.

In Japan, the social environment changes a great deal like low birthrate and an aging population, small households and

women’s advancement in society. From a different point of view, it can be said that these changes are creating new markets. In the food market, it is becoming more important that products are not only reasonably-priced and tasty, but also are simple & fast, healthy & functional and small in volume. In response to this trend, the needs of frozen and deli foods are increasing. The Group develops a wide

variety of products to respond to diversifying lifestyles and people’s increasing health consciousness, which has led to increased sales of frozen and deli food products. We will continue to meet the needs of the changing market and to develop products from customers’ perspective at all times, and will endeavor to provide attractive products to everyone.

Tell us about the consolidation of shares and a change in the number of shares per unit.

The Company consolidated shares at a ratio of one share for every two shares and changed the number of shares per unit from 1,000 to 100 effective as of October 1, 2016, as

approved at our 192nd Annual Shareholders Meeting held on June 29, 2016.With respect to dividends, the interim dividend per share is expected to be ¥7 and the year-end dividend is expected to be ¥14 due to the consolidation of shares, both of which include a ¥2 commemorative dividend of the previous FYE in the ordinary dividend.

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* The amount stated is the one after the consolidation of shares that took place on October 1, 2016.

(April 1, 2016 to September 30, 2016)FY2017 1H Consolidated Financial Highlights

Net Sales

Operating Income

Ordinary Income

¥156.4 billion

¥5.4 billion

¥6.0 billion

¥4.1 billion

¥51.73

¥240.8 billion

¥137.6 billion

¥1,659.02

(Up 0.8% y-o-y)

(Up 7.2% y-o-y)

(Up 1.9% y-o-y)

(Up 3.4% y-o-y)Profit Attributableto Owners of Parent

Net Income per Share*

Net Assets per Share*

Total Assets

Net Assets

Net Sales

OperatingIncome

OrdinaryIncome

¥320.0 billion

¥11.1 billion

¥12.5 billion

¥8.1 billion

(Up 2.7% y-o-y)

(Up 0.1% y-o-y)

(Down 1.3% y-o-y)

(Down 1.5% y-o-y)Profit Attributableto Owners of Parent

(April 1, 2016 to March 31, 2017)FY2017 Full-Year Forecasts

Interview w

ith President

3

QA

AQA

QYou presented the research results on developing

a new type of domestic wheat. Please summarize.

Having collaborated with National Agriculture and Food

Research Organization (NARO), we succeeded in

developing and growing “Setodure,” durum wheat suitable

for pasta, for the first time in Japan. “Setodure” was designated as

a brand variety of the growing district of Hyogo Prefecture in 2016

and was harvested this year. We are aiming to develop pasta

products made in Japan using domestic material going forward.

We also collaborated with NARO to analyze the properties of

starch, in which some of the enzymes required for starch synthesis

are reduced. We discovered that bread made of the wheat having

this new type of starch is very soft and does not harden easily even

three days after being baked. We are growing this new type of

wheat aiming for its practical use.

What is your prospect on the performance in

FY2017?

In terms of our full-year consolidated performance, we

decided to stay with the forecasts we announced on May 13,

2016; therefore, we are projecting net sales of ¥320 billion,

operating income of ¥11.1 billion, ordinary income of ¥12.5 billion

and net income attributable to the owners of the parent of ¥8.1

billion.

Do you have message for shareholders?

Regarding the Trans-Pacific Partnership (TPP) that was

largely agreed to last October, there are concerns that this

scheme may bring significant changes to the food industry

if carried out, although its impact going forward is unclear. The

Group will closely monitor the move and take timely, effective

action. Furthermore, we will aim for sustainable growth and

improving our corporate value through overcoming the waves of

change and continuing to improve our company and evolve. Your

further support would be highly appreciated.

0

50

100

150

200

0

10

20

30

0

40

80

120

Full year First half First halfFull year First halfFull year

49.0 50.6 51.1 49.3

158.9 166.5177.4

28.030.2 31.1

14.6 15.4 16.213.4

100.1 101.6 103.0

82.390.8

77.888.5

Changes in Consolidated Net Sales

Flour Milling Segment Food Segment Other Segment

(¥ billion) (¥ billion) (¥ billion)

FY2014 FY2015 FY2016 FY2017FY2014 FY2015 FY2016 FY2017 FY2014 FY2015 FY2016 FY2017

Overview of Business(April 1, 2016 to September 30, 2016)

In line with the decrease of government selling

prices of imported wheat by 7.1% on average

(including tax) for the five key products in April,

we revised the prices of wheat flour products.

While bolstering quality control, the Group is

reinforcing proposal marketing like proposing

valuable products and providing various

information by accurately identifying market

needs. In addition, we proactively engaged in

marketing activities such as participating in

various trade shows and holding workshops

and seminars, some of which were for manage-

ment, around Japan. As a result, the sales

volume of flour and bran, a by-product of flour,

exceeded that of the same period of the

previous year; however, net sales declined

year-on-year due to the revised prices.

Consequently, net sale of the Flour Milling

segment decreased by 3.5% year-on-year to

¥49,339 million.

In the professional-use category, net sales

decreased compared with the same period of

the previous year, although the Group engaged

in vigorous marketing activities including

participating in various exhibitions and holding

Italian cookery workshops and striving to

enhance technical and development capabilities

to respond to ever-changing needs.

In the home-use product category, we

proactively engaged in sales activities such as

offerings of in-store merchandising proposals.

As for new products, we started the “Traditional

Hotel's Secret Recipe” series, a new brand of

retort-pouch one-serving pasta source, under

the supervision of Hotel New Grand, and also

introduced the “HOME DELI” series, a new

brand of side-dish seasonings. Furthermore, we

launched “NIPPN Flaxseed Oil Premium Rich,”

which contains more omega-3 fatty acid (alpha

linolenic acid) than other flaxseed oil we sell.

However, the demand for home-use

flaxseed-processed foods has diminished, and

their net sales decreased compared with the

same period of the previous year.

In frozen foods for home-use, we carried out

some promotional campaigns such as the

“Premium Allowance Campaign,” and enriched

the “Oh’my Premium” product lineup of

one-serving frozen pasta, the “Imadoki Gohan”

series of rice plates, and the “Yokubari Plate”

series of one-plate dishes consisting of staple

and main dishes. In addition, we renewed the

“Oh’my Big” series entirely, with favorable sales

results. Due to these efforts, net sales increased

compared with the same period of the previous

year. In addition, net sales of deli foods

increased compared with the same period of

the previous year.

While sales of the engineering business were

lower than that of the same period of the

previous year, sales of the pet care business

were higher than that of the same period of the

previous year due to the increased sales

volume.

As a result, net sales of the Other segment

increased by 5.2% year-on-year to ¥16,224

million.

Capital expenditure for the first half of FY2017

was ¥4,546 million (on an accrual basis).

Food Segment

Other Segment

Capital Expenditure

Flour Milling Segment

*Figures are rounded down to the nearest billion yen.

As a result, net sales of the Food segment

increased by 2.6% year-on-year to ¥90,840

million.

Net Sales by Segment (1H of FY2017)

ConsolidatedNet Sales

¥156.4 billion

¥49.3 billion(31.5%)

Flour Milling Segment

¥90.8 billion(58.1%)

Food Segment

¥16.2 billion(10.4%)

Other Segment

Ingredients

Delicatessen

ProcessedFoods

FrozenFoods

Interview w

ith President

Overview of

Business

4

5

Topics

Relocation of head office due to a redevelopment project

Accompanied with Tokyo’s approval on the Sendagaya 5-Chome

Kita Urban Area Redevelopment Project Type 1, which is the area

our head office was located, in August Nippon Flour Mills Co., Ltd.

moved to a new head office building we built in Kojimachi,

Chiyoda-ku, and began operations on August 15.

As a joint redevelopment project with Mitsubishi Estate Co., Ltd.,

we will build a building with facilities to contribute to the local

community at the site of our old head office. We plan to operate a

real estate leasing business using the portion we will hold. By

acquiring a new business that can produce profits going forward,

we believe it will help our sustainable growth and enable us to

contribute to the revitalization of the local community in

Shibuya-ku, which had supported us for a long time.

The new head office building is made with the latest

earthquake-resistant and vibration control facilities. In addition,

the office space is 1.3 times larger than our previous head office

and has more windows, which provides our employees with a

brighter and more spacious working environment.

On September 26, 2016, the Company started its 121st year

since its founding. Upon moving our head office, we will further

enlarge the business scale as well as strengthen the business

foundation— being speedier and more aggressive than ever. We

will also blend in the community and be actively involved in the

local activities.

Address of New Head Office

4-8 Kojimachi, Chiyoda-ku, Tokyo 102-0083

Phone: 03-3511-5301 (General)

■New Head Office Building

Photography: Kawasumi・Kobayashi Kenji Photograph Office

66

Tokyo

Class name

Date & time

Capacity

Course details

Venue

How to apply for

Tuition

Application deadline

Notice of winners

Contact point

Items participants need to bring

Paste the triangular “token” on a postcard with the information shown below.(1) zip code; (2) mailing address; (3) name; (4) (daytime) phone number;(5) name of desired workshop (either “A. Cooking Class (1),”“B. Cooking Class (2)” or “C. Hand-kneaded Udon Noodle Class”;(6) name of the accompanying person (if you wish to be accompanied) *who can be a non-shareholderSend it to us at: “Cookery Workshop” Section, IR Office Nippon Flour Mills Co., Ltd.4-8 Kojimachi, Chiyoda-ku, Tokyo 102-0083

Apron, hand towel, something to write with

Free of charge

Tuesday, February 21, 201714:00 to 17:00 (Doors open at 13:30)

Wednesday, February 22, 201714:00 to 17:00 (Doors open at 13:30)

A. Cooking Class (1)

30 participants 30 participants

B. Cooking Class (2)

Egami Cooking School21 Ichigayasanaicho, Shinjuku-ku, Tokyo 162-0846Three to four minute walk from Ichigaya Station of JR, Toei Shinjuku Line, Yurakucho Line or Namboku Line

No need to fill in if you participate alone

●Ajillo ●Lasagnette white●Sauteed sailfish with ravigote sauce

●Quick apple pie

You will practice cooking, watch demonstrations and enjoy brief tastings of our products.

This year we will again hold cookery workshops and a workshop for hand-made udon noodles.This time we will hold all workshops in the afternoon and in a different place. We look forward to receiving your applications.

C. Hand-kneaded Udon Noodle Class

Friday, February 24, 201714:00 to 17:00 (Doors open at 13:30)

16 participants

You will make udon noodles from flour. Part of the noodles you make will be for tasting, and the rest will be given to you to take home (in the form of dough).Tempura will be served for tasting (but there is no cooking practice for tempura).

Planned menu　You will practice cooking dishes. Menu may change.

1 0 2 0 0 8 3

Notes

Paste this token

The ending time may slightly vary more or less.

Notice of “Cookery Workshops for Shareholder 2017 ”

(1) Zip code (2) Mailing address (3) Name (4) (Daytime) phone

number(5) Name of desired

workshop;(6) Name of the

accompanying person;

“Cookery Workshop” Section, IR Office

Nippon Flour Mills Co., Ltd.4-8 Kojimachi, Chiyoda-ku, Tokyo

Saturday, December 24, 2016, as indicated by the postmark on the postcard*If more than the set number applies, a lottery will be held to select winners.

Winners will receive a participation ticket by Saturday, January 14, 2017.There will be no announcement of winners prior to the delivery of the ticket.IR Office, Nippon Flour Mills Co., Ltd. at 03-3511-5316 (phone) (Weekdays 9:00 to 17:00) Sam

ple

Sample

●Paste one token per postcard. ●Pay transportation cost to and from the venue.●No parking space available. (Use public transportation.) ●Applications from non-shareholders will not be accepted. ●Refrain from bringing children. ●Online or telephone applications will not be accepted.●Note that we will take pictures at the venue on the day and use them on our website or “To Our Shareholders.”

IR Cooke

ry Work

shop

2017

Toke

n 20

16.2Q

IR C

ooke

ry W

orks

hop 2

017

Toke

n20

16. 2

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Postcard

Top

ics

Sample

Sample

inin

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New products for fall & winter 2016

Flaxseed Oil Premium RichWe also introduced Nippn Flaxseed Oil Premium Rich that contains more omega-3 fatty acids (alpha-Linolenic acid) than the Company’s previous flaxseed oil.Among the rare varieties of Canadian golden seed, premium golden seed with high alpha-linolenic acid content is used. We offer it in a double layer plastic bottle that prevents flaxseed oil from contacting air and preserves the flavor.

Oh’my Imadoki Gohan series Trendy menus at home!

NEW

NEW

Frozen Foods

Foods with Functional ClaimsThe launch of “Flaxseed Oil”

For people with higher cholesterol levels

The Launch of new “Flaxseed Oil” product!

Product ProfilesProduct Profiles

It is reported that alpha linolenic acid contained in flaxseed oil has beneficial effects to lower total cholesterol level in blood and low-density lipoprotein (LDL) cholesterol. The new product is offered in mini packages, and is convenient and portable.

NIPPNFlaxseed oil (mini packages)

Oh’myFive grain rice and loco moco hamburger patty Oh’my

Curry served with five grain rice and vegetables

Oh’myBibimbap with many ingredients

Oh’myGaprao Rice Thai-style stir-fry chicken with basil

Oh’myFried rice-filled omelet with demi-glace sauce

Barbecued hamburger patty with a rich taste of meat and vegetables. Made with

demi-glace sauce.

Curry served with as much as 100 grams

of vegetables and five grain rice

Topped with minced beef, egg, namul of

spinach, namul of carrot and bean sprouts. Thai popular menu

—Stir-fry chicken on rice with fried egg

Omelet with thick, creamy egg made from

half-cooked and thin-layer fried egg

NIPPNFlaxseed Oil Premium Rich

8

0120-184-157 (toll-free) Operating hours: 9:00 to 17:00 (on weekdays only)Customer CenterFor inquiries about home-use products:

Oh’my HOME DELI series You can easily make popular restaurant menu items at home.

Aquapazza seafood hot pot style

Oh’my HOME DELI Aquapazza Mix ・・・・・・・・1 pack (19.6 g) DANTE Extra Virgin Olive Oil European Blend ・・・・・・・・・1 tablespoonCod ・・・・・・・・・・・・・・・・・・1 to 2 slices Clams (*with sand-removed) ・・・・・・・・8

Ingredients (1–2 servings)

Preparation

You can make a seafood hot pot by adding typical hot pot vegetables to Aquapazza. As vegetables cooked in Aquapazza soup are delicious, you can use the Mix as broth. Add any vegetables you like in the same quantity as the quantity of fish reduced. You can make another dish by adding boiled pasta in leftover soup and tossing with topping attached. Half a cup of soup is good for 50 grams of pasta.

● Cooking time: 25 minutes ● Calories: about 182 kilocalories

Cherry tomatoes ・・・・・・・・・・・・・・・・・8Chinese cabbage ・・・・・・・・・・・・・100 gShimeji mushroom ・・・・・・・・・・・・・50 gCarrot ・・・・・・・・・・・・・・a small amountPotherb mustard ・・・・・・a small amountWater ・・・・・・・・・・・・・・・・・150–200 cc

One point lesson♪ ♪

NEW

1. Cut Chinese cabbage into chunks and divide Shimeji mushroom into smaller bunches. Slice carrot thinly and cut potherb mustard into 4-cm long pieces.

2. Heat olive oil in a frying pan, and sauté cod over medium flame and brown both sides.3. Add clams, water, cherry tomatoes, vegetables from 1. and Aquapazza Mix to 2., put a lid

on and simmer for about 5 minutes over low flame.

Oh’my HOME DELIGarlic Shrimp Mix

Oh’my HOME DELIBagna Cauda Mix

Oh’my HOME DELIPaella Mix

Oh’my HOME DELIAquapazza Mix

Oh’my HOME DELIAjillo Mix

Sauté in a frying pan and toss with the Mix

Finish by adding olive oil

Cook in a frying pan with any ingredients you like

Only simmer it for 5 minutes after sautéing in a

frying pan

Only add olive oil and simmer it for 5 minutes

Pro

duct

Pro

files

9

0

50,000

100,000

150,000

200,000

250,000214,528

226,803

113,263 121,636

248,890

137,535

247,919 240,821

137,614135,743

0

50

55

45

(%)

51.9 52.253.3 52.7

54.9

(5,000)

(10,000)

0

5,000

15,000

10,00010,389

8,5447,255

3,3903,967

4,6206,104

(97)

0

100,000

50,000

150,000

200,000

250,000

300,000

350,000

271,069287,109 298,511 311,628

135,211 140,312 147,650

0

2,000

4,000

6,000

10,000

8,000

14,000

12,000

4,555

10,90612,248

5,992

9,807

12,666

4,247 6,069

155,122

5,957

8,582

2,077

(6,422)

(2,440) (3,487) (2,635)

(6,505)

156,404

6,069

0

2,000

6,000

4,000

8,000

10,000

7,008

2,586 3,848

7,8106,981

8,222

3,135 4,015 4,151

●For more information, visit website: http://www.e-nippn.com/FR/

Consolidated Financial Results

●Total assets/Net assets

FY2013 FY2014 FY2015 FY2016 1H FY2017

FY2013 FY2014 FY2015 FY2016 1H FY2017

1H FY20171H FY20161H FY20151H FY20141H FY2013

FY2013 FY2014 FY2015 FY2016 1H FY2017

FY2013 FY2014 FY2015 FY2016 1H FY2017

FY2013 FY2014 FY2015 FY2016 1H FY2017

(¥ million) (¥ million)

(¥ million)

(¥ million)(¥ million)

Total assetsNet assets

Full yearFirst half

Full yearFirst half

Full yearFirst half

●Net sales

●Equity ratio ●Ordinary income

●Cash flowsCash flows fromoperating activities

Cash flows frominvesting activities

Free cash flows

●Profit attributableto owners of parent

10

5.65.44.34.14.13.12.82.82.52.5

9,0338,7086,9946,6986,6585,0204,5004,4934,1214,009

Company OverviewCompany Name:

Head Office:

Established:

Capital:

Number of Employees:

Major Businesses:

Locations:

Nippon Flour Mills Co., Ltd.

4-8 Kojimachi, Chiyoda-ku, Tokyo

December 1896

¥ 12.24 billion

999 [non-consolidated basis]

Manufacturing and marketing of wheat flour and secondary processed foods, including premixes, pastas and frozen foods, deli (packaged lunch), pet food products, health care products, biotechnology business, etc.

Head office (Tokyo), two administration divisions, eight branches, eight plants, laboratory (Atsugi)

Major Group CompaniesMatsuya Flour Mills Co., Ltd.OHMY Co., Ltd.NIPPN Frozen Foods Co., Ltd.NF Frozen Co., Ltd.NAGANO TOMATO Co., Ltd.NIPPN Donut Co., Ltd.

Tofuku Flour Mills Co., Ltd.NIPPN SHOJI Co., Ltd.OK Food Industry Co., Ltd.Nippon Rich Co., Ltd.Fast Foods Co., Ltd.NPF Japan Co., Ltd.

●Number of Authorized Shares 696,590,000 shares●Number of Outstanding Shares 165,048,018 shares●Number of Shareholders: 18,512

●Major Shareholders

Shares

*We consolidated the shares at a ratio of one share for every two shares effective October 1, 2016. After consolidating the shares, the number of authorized shares is 300,000,000, and the number of outstanding shares is 82,524,009.

Nippon Flour Mills Clients Shareholding Association

Japan Trustee Services Bank, Ltd. (trust account)

Mitsui Life insurance Co., Ltd.

MITSUI & CO., LTD.

The Master Trust Bank of Japan, Ltd. (trust account)

DUSKIN CO., LTD.

Itochu Corporation

Sumitomo Mitsui Banking Corporation

The Norinchukin Bank

Mitsui Sumitomo Insurance Co., Ltd.

NameNumber ofshares held

(thousand shares)

Shareholdingratio (%)

Note: The calculation of the shareholding ratios excludes 5,173,000 treasury shares.

(As of September 30, 2016)

Directors and Executive OfficersRepresentative Director, Chairman and CEO:

Representative Director, President and COO:

Senior/Executive Managing Director:

Senior/Executive Managing Director:

Managing Director:

Managing Director:

Managing Director:

Managing Director:

Managing Director:

Managing Director:

Managing Director:

Managing Director:

Director (Outside Director):

Director (Outside Director):

Executive Corporate Auditor (full time):

Executive Corporate Auditor (full time):

Corporate Auditor (Outside Corporate Auditor):

Corporate Auditor (Outside Corporate Auditor):

Hiroshi Sawada

Masayuki Kondo

Tatsuo Amano

Mitsuo Somezawa

Hirokazu Shimizu

Hiroyuki Matsui

Yoshiaki Murakami

Noboru Sekine

Toshifumi Horiuchi

Toshiya Maezuru

Yuzuru Kogiso

Ideru Kashima

Morimasa Akashi

Yoshio Kumakura

Kyoichi Sumiya

Takafumi Kiyoto

Akio Okuyama

Naotaka Kawamata

Managing Director:

Managing Director:

Managing Director:

Executive Officer:

Executive Officer:

Executive Officer:

Executive Officer:

Executive Officer:

Executive Officer:

Executive Officer:

Executive Officer:

Executive Officer:

Hirofumi Hamada

Mitsuhiko Takeuchi

Shizuo Yamaguchi

Shigeyoshi Takagi

Tsuneo Fukusawa

Katsuhiko Fujii

Kazumasa Miyata

Hiroyuki Jin

Toyokazu Saotome

Atsuo Ouchi

Yoichi Kurimoto

Takaaki Aonuma

Distribution of Shares

■Distribution by shareholder type Treasury stocks3.1%

Non-Japanese investors12.1% Securities

firms0.8%

Financial institutions34.0%

Companies in Japan24.8%

Individual investors25.2%

■Distribution by shareholder size Less than1,000 shares

0.1%

10,000 shares or more8.2%

100,000 shares or more16.5%

1,000 shares or more14.2%

1 million shares or more61.0%

Consolidated Financial Results / Com

pany Profile and Share Information

Fiscal Year: April 1 to March 31

General Meeting of Shareholders: June

Record Date: March 31 for the General Meeting of Shareholders and Year-end Dividend

September 30 for the Interim Dividend

The board of directors resolved at its meeting on November 7, 2016 that the interim

dividend per share would be ¥7. You can receive your dividend payment at a nearby

branch of JP Bank or post office in exchange for the enclosed “Interim Dividend

Warrant” form. “Payee’s Bank Account Information” and “How to Receive Your

Dividend Payment” forms are enclosed for those who have chosen direct deposit

and those who have chosen the share-count-based proportional distribution

method (to receive dividends through accounts at securities companies in

proportion to the number of shares held in the accounts), respectively.

Please note that we have sent everyone the “Statement of Dividend,” which you

may use to subsequently check the amount of your dividend payment or as a

supporting document for your tax return. (If you chose the share-count-based

proportional distribution method, please check with your securities company.)

4-8 Kojimachi, Chiyoda-ku, Tokyo 102-0083 Website: http://e-nippn.com/Phone: 03-3511-5301 (General)

We give away a calendar for free to the first 500 applicants of our shareholders.Cut off and paste on a postcard the triangular token at the lower left corner and then send it to us with your

Calendar Section, Legal GroupNippon Flour Mills Co., Ltd.4-8 Kojimachi, Chiyoda-ku,Tokyo 102-0083

Mail to:

2017 Calendar Free Gift

2017 Calendar

Token2016. 2Q

*Shareholders who have continuously held shares for at least one year mean those who are recorded three consecutive times or more with the same shareholder number in the shareholders registry as of September 30 or March 31.

Current (up to the period ending in September 2016) After the changes (after the period ending in March 2017)

Shareholder Information

Payment of Interim DividendCollection of works

from Pierre-Auguste Renoir

Mailing Address: Transfer Agent, Sumitomo Mitsui Trust Bank, Limited.8-4 Izumi 2-chome, Suginami-ku, Tokyo 168-0063

Telephone Contact

Website: http://www.smtb.jp/personal/agency/index.html

0120-782-031 (toll free in Japan)

Sumitomo Mitsui Trust Bank, Limited.

4-1 Marunouchi 1-chome, Chiyoda-ku, Tokyo

Shareholders affected by the

changes

The details of benefits

Schedule for providing the

benefits

Effective as of October 1, 2016, we consolidated shares at a ratio of one share for every two shares and changed the number of shares per unit from 1,000 to 100.In line with these changes, we will modify some contents of shareholder benefits; however, the actual benefits will remain unchanged, as the modifications have been made only due to the consolidation of shares. Further, the shareholders registry as of September 30, 2016 adopts 1,000 shares per unit, the unit used before the consolidation of shares and a change in the number of shares per unit having taken place.

Changes in shareholder benefits due to the consolidation of shares and a change in the number of shares per unit

Manager of Special Account

(Period ending in March)

Shareholders who are recorded in the shareholders registry as

of March 31 and hold 1,000 shares (1 unit) or more.

(Period ending in September)

Shareholders who are recorded in the shareholders registry as

of September 30 and have continuously held 1,000 shares

(1 unit) or more for at least one year*

(Period ending in March)

Shareholders who are recorded in the shareholders registry

as of March 31 and hold 500 shares (5 units) or more

(Period ending in September)

Shareholders who are recorded in the shareholders registry

as of September 30 and have continuously held 500 shares

(5 units) or more for at least one year*

Unchanged

Unchanged

(Period ending in March) An assortment of our products worth 3,000 yen

(Period ending in September)An assortment of our products worth 1,500 yen

(Period ending in March) Around June every year(Period ending in September) Around December every year

NIPPON FLOUR MILLS CO., LTD.

Sample

Sample

Administrator of Shareholder Registry: