Notice of Decision Regarding the Repurchase of Own Shares

November 9, 2021

Name of Company: Meiji Holdings Co., Ltd.

Name of Representative: Kazuo Kawamura, CEO, President and Representative Director Code Number: 2269, 1st Section, Tokyo Stock Exchange

Notice of Decision Regarding the Repurchase of Own Shares

(Acquisition of own shares under the Articles of Incorporation pursuant to Article 165,

paragraph 2 of the Corporation Law of Japan)

Meiji Holdings Co., Ltd. today announces that its Board of Directors resolved at a meeting on November 9, 2021, to repurchase its own shares under Article 156 of the Corporation Law of Japan as applied pursuant to Article 165, paragraph 3 of the same law, as described below.

1. Reason for Repurchase

Under the concept of promoting the Meiji ROESG®* Management effectively in the 2023 Medium-Term Business Plan, we pursue to realize both profit growth and sustainability activities. As the financial strategy of the plan, we continue investments to grow business within cash flows from operating activities while we will increase dividends and raise the consolidated dividend payout ratio to 40%. We consider shares repurchase as necessary, from the perspective of ensuring our optimal capital structure.

The cash flows for the fiscal year ending March 31, 2022, will increase significantly due to transfer of its agricultural chemicals business and all its stock holdings in the equity method affiliate DM Bio Limited.

Following the outlook above, we decided stock repurchase to increase the level of shareholder returns and improve capital efficiency.

*ROESG is a registered trademark for a management indicator developed by Kunio Ito, a professor at Hitotsubashi University.

2. Details of Repurchase

(1)	Class of shares	Common stock
(2) Total number of shares to be	5 million (maximum)
	repurchased	(3.3 % of total shares outstanding, excluding treasury stock)
(3) Total amount to be paid for	JPY 30 billion (maximum)
	repurchase
(4)	Period of repurchase	From November 10, 2021 to March 31, 2022
(5) Method of repurchase	Purchased on the Tokyo Stock Exchange

Disclaimer: This English translation is prepared for the readers' convenience. When there are any discrepancies between the original Japanese version and English translation version, the original Japanese version always prevails.

(6) Other	We plan to retire all shares repurchased under this
	program by resolution of the Board of Directors, pursuant
	to the provisions of Article 178 of the Companies Act.

(Reference)
Treasury stock as of October 31, 2021
Total number of shares outstanding (excluding treasury stock)	145,135,949
Number of treasury stock	7,547,451

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