Tranche Update on Fuji Seiko Limited's Equity Buyback Plan announced on October 10, 2018.

FUJI SEIKO LIMITED is a Japan-based company mainly engaged in the manufacture and sale of carbide tools. The Company operates in four business segments. The Japan segment manufactures and sells carbide tools, including holders, tips, turning tools, cutters, drills, reamers and others, prototype parts for automotives, as well as metallic molds in Japan domestic market. The Asia segment mainly manufactures and sells carbide tools in Korea and China. The North and Central America segment mainly offers carbide tools in the United States. The Oceania segment sells carbide tools, manufactures and sells buffering, packaging and lagging materials, as well as air cell mats. The Others segment manufactures and sells carbide tools in Europe.