Bando Chemical Industries, Ltd. authorizes a Buyback Plan.

Bando Chemical Industries, Ltd. is a company mainly engaged in the manufacture and sale of automotive parts, industrial materials and high performance elastomer products. The Company operates through three segments. Its Automotive Parts segment involves in the manufacture and sale of transmission belt products for automobiles and motorcycles. Industrial Materials segment is engaged in the manufacture and sale of general industrial transmission belt products, other transmission products, carrying belt, transportation system products, and razor rolls. Its High Performance Elastomer Products segment is involved in the manufacture and sale of cleaning blade, high function roller and precision belt, among others. In addition, it is also engaged in the robot related business, import and export business, real estate business, insurance agency business and photovoltaic power generation business, among others.