November 17, 2006

Revision of Dividend from Retained Earnings (as an interim dividend)
and Revision of the Dividend Forecast

Please be informed that Nippon Suisan Kaisha, Ltd. (“Nissui”) resolved at the meeting of the Board of Directors held on November 17, 2006 to increase the interim dividend from retained earnings for the record date of September 30, 2006.  It was also resolved to revise the dividend forecast for the fiscal year ending March 31, 2007 as follows:

1. Description of dividends

2. Description of revision to dividend forecast

	Dividend per share (yen)
Record date	Interim dividend	Year-end dividend	Annual dividend
Previous forecast (announced August 2, 2006)	3.50 yen	3.50 yen	7.00 yen
Dividend forecast (revised)		4.00 yen	8.00 yen
Actual dividend paid during current term	4.00 yen
Actual dividend paid during previous term (fiscal year ended March 31, 2006)	3.50 yen	3.50 yen	7.00 yen

3. Reasons for revision
Nissui and the Nissui Group have as a basic policy to pay dividends to shareholders according to consolidated business performance while making considerations for the enhancement of the corporate constitution from a long-term and comprehensive viewpoint, and maintaining sufficient internal resources for future business expansion.  Under these circumstances, Nissui has decided to increase the interim dividend and to revise the forecast for the year-end dividend due to the strong business performance by the Nissui Group during the current interim period.