Morinaga Milk Industry Co., Ltd. authorizes a Buyback Plan.

Morinaga Milk Industry Co., Ltd. is a Japan-based company mainly engaged in the food business. The Company is mainly engaged in the manufacture and sale of milk products, dairy products, beverages, yogurt products, desserts, ice cream products, condensed milk products, cheese, butter, baby food, health food and other products. The Company is also engaged in the purchase and sale of feed products and pet food, the design and construction of plant facilities, the rental of real estate, as well as the transportation and warehousing business.