Daiwa Co., Ltd. authorizes a Buyback Plan.

Daiwa Co.,Ltd. is a Japan-based company mainly engaged in the operation of department stores. The Company has two business segments. The Department Store segment operates three department stores in Kanazawa, Toyama and Takaoka cities. Through its consolidated subsidiaries, the Company also operates the department stores' member clubs. The Hotel segment is engaged in operation of hotels. The others business is engaged in the printing, publishing, restaurant and management of parking.