Tranche Update on Kurimoto, Ltd.'s Equity Buyback Plan announced on November 5, 2019.

Kurimoto, Ltd. is a Japan-based company mainly engaged in the manufacture and sale of products for pipe system business, mechanical system business and industrial construction materials business. The Company operates through three business segments. The Pipe System segment is involved in the production of ductile iron pipes and accessories, regulating valves, as well as the incidental work. The Machine System segment is involved in the production of various powder equipment, presses and other industrial machines, special cast iron and cast steel, as well as the incidental construction and plant engineering business. The Industrial Construction Materials segment is involved in the production of various types of ducts, polycon fiber reinforced plastic (FRP) pipes, various synthetic resin molded products, as well as the incidental construction business.