Acquisition of New Zealand Meat Processor and Distributor Greenlea Group Limited

Itoham Yonekyu Holdings Inc. (Headquarters: Meguro-ku, Tokyo / Representative Director and President: Hiroyuki Urata; hereinafter 'the Company') announced today that it has reached an agreement to acquire 100% of the shares of Greenlea Group Limited (hereinafter 'Greenlea'), a New Zealand meat processing, packaging, and marketing operator, through its consolidated subsidiary ANZCO Foods Limited (hereinafter 'ANZCO').

The acquisition price is projected to be approximately 800 million New Zealand dollars (approximately 76 billion Japanese yen). Following necessary regulatory approvals and legal procedures from relevant authorities, the acquisition is scheduled to be completed by the end of August 2026.

With global demand for meat expected to expand over the long term, New Zealand is the world's 7th largest beef exporter. Backed by pasture-based (grass-fed) livestock farming, stable climate conditions, strict biosecurity systems, and a consistent livestock supply from the adjacent dairy industry, New Zealand is capable of highly sustainable meat production compared to other beef-exporting countries.

Greenlea boasts outstanding geographical advantages within New Zealand and maintains highly efficient operations based on solid, long-standing relationships with local communities and livestock producers. The company is well-positioned to generate extensive synergies with ANZCO. Through this acquisition, ANZCO is expected to become the most profitable meat operator in New Zealand, further consolidating its business foundation within the country.

The Company defines accelerating overseas business growth as one of the core pillars of its 'Long-Term Management Strategy 2035' and is committed to reinforcing its international operational framework. Regarding overseas businesses, the company focuses on improving its supply capabilities for animal proteins, which are indispensable as basic food resources, and aims to expand its global supply network centered on the meat sector. By positioning ANZCO as a central hub of the group's overseas meat operations, the company will accelerate sustainable international growth and profitability through business expansion and synergy generation from this acquisition.

Please refer to the timely disclosure and explanatory materials released today for an overview and further details regarding Greenlea.