January 31, 2023

Company Name: ShinMaywa Industries, Ltd.

Representative: Tatsuyuki Isogawa, President and Chief Executive Officer

(Code number: 7224; Tokyo Stock Exchange, Prime Market)

Head Office: 1-1Shinmeiwa-cho,Takarazuka-shi, Hyogo

Contact: Toshiki Kume, Director, Member of the Board,

Managing Executive Officer (TEL: +81-798-56-5010)

Announcement of Analyst Report Release by Shared Research Inc.

ShinMaywa Industries, Ltd. (the "Company") hereby announces that the analyst report by Shared Research Inc. (hereinafter the "SR") has been released.

This report was created by SR at the request of the Company, but it is created based on the investigation and analysis from the perspective of a third party.

We believe that this report, which unravels our business structure and growth strategy, can be used as a reference for investors' investment decisions.

Publication start date

January 31, 2023

URL

https://sharedresearch.jp/en/companies/7224

Others

・This report will be updated as quarterly financial results are disclosed.

The consolidated financial results for the nine months ended December 31,

2022 will be disclosed on February 2, 2023.

・This report may be discontinued without notice.

About Shared Research Inc.

Shared Research Inc. is a research company that provides essential information regarding a wide variety of companies to investors around the world.

The company produces reports containing information that is vital when making investment decisions and does so from the standpoint of an investor, rather than from the standpoint of a company. Its reports are utilized by both institutional and individual investors.

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ShinMaywa Industries Ltd. published this content on 31 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 January 2023 06:46:26 UTC.