Tranche Update on Daiwa Heavy Industry Co., Ltd.'s Equity Buyback Plan announced on August 24, 2020.

Daiwa Heavy Industry Co., Ltd. is a Japan-based company engaged in the provision of industrial machinery and housing equipment. The Company operates in two business segments. The Industrial Machinery-related Equipment segment is engaged in manufacturing, processing and sales of casting parts for machine tools and peripheral equipment, as well as casting parts for industrial machinery and diesel engines, among others. The Housing-related Equipment segment is engaged in the manufacturing and sales of casting enameled baths, manhole iron covers, landscaping products, other daily castings, wooden fixtures and others.