(Translation) Dear Sirs:
May 7, 2010

Name of the Company: Nippon Meat Packers, Inc.
Representative: Hiroshi
Kobayashi

President and Representative
Director
(Code No. 2282)
Person to contact:
Shigeru Nakajima General Manager of Public Relations & IR Department

Notice of Adjustment to the Forecasts of Business Results

Notice is hereby given that Nippon Meat Packers, Inc. (the "Company"), in
consideration of the recent developments of its operating results, has made adjustment to the forecasts of business results for the year ended March 31, 2010 (April 1, 2009 through March 31, 2010) publicized on February 5, 2010, as described below:
Description

Adjustment to the forecast of consolidated business results for the year ended March 31, 2010 (April 1, 2009 through March 31, 2010):
(million yen)

Net sales
Operating
income
Income from
consolidated
continuing
operations
before income
taxes
Net income
attributable to
Nippon Meat
Packers,Inc.
Previous forecast (A)
955,000
24,000
20,000
12,000
Adjusted forecast (B)
953,600
24,800
24,000
15,700
Amount of increase or decrease (B) – (A)
(-) 1,400
800
4,000
3,700
Rate of increase or decrease
(-) 0.1%
3.3%
20.0%
30.8%
(For reference)
Business results for the previous year
(April 1, 2008 through March
31, 2009)
1,028,449
21,417
6,287 1,657

- 2 -
Adjustment to the forecast of non-consolidated business results for the year ended March 31, 2010 (April 1, 2009 through March 31, 2010):
(million yen)

Net sales
Operating
income
Ordinary
income
Net income
Previous forecast (A)
640,000
4,000
14,600
3,600
Adjusted forecast (B)
636,500
4,500
15,300
4,900
Amount of increase or decrease (B) – (A)
(-) 3,500
500
700
1,300
Rate of increase or decrease
(-) 0.5%
12.5%
4.8%
36.1%
(For reference)
Business results for the previous year
(April 1, 2008 through March
31, 2009)
685,136
1,094
4,355 1,214
1.
Reasons for the adjustment to the forecasts of business results:
Consolidated
Net sales are expected to remain almost as projected in the previous forecast. With
regard to incomes, operating income is expected to exceed the previous forecast principally due to improved results in its processed foods business division and relatively stable prices of fresh meats since the second half of the fiscal year under review. Income from consolidated continuing operations before income taxes and net income attributable to the shareholders of the Company (see Note below) are also expected to exceed the previous forecast principally due to an exchange gain related to foreign-currency loans.

Non-Consolidated
The same reasons for the adjustment to the forecast of consolidated business results are
applicable to that of non-consolidated business results. In addition, adjustment has been made to the forecast of net income as the allowance for doubtful receivables in respect of loans receivable from affiliated companies is expected to fall below the previous forecast. *
The above forecasts were calculated based on the currently available information. The actual results may change materially depending on various factors in the future.
(Note)
As a result of the application of Codification of Accounting Standards of the U.S. Financial Accounting Standards Board ("FASB") Topic 810 "Consolidation" (former FASB Statement No. 160 "Noncontrolling Interests in Consolidated Financial Statements--An Amendment of ARB No. 51"), "net income" has been restated as "net income attributable to Nippon Meat Packers,Inc. " as from the fiscal year under review. "Net income attributable to Nippon Meat Packers,Inc. " is identical with "net income" for or prior to the year ended March 31, 2009.

- END -