Tranche Update on Itec Corporation's Equity Buyback Plan announced on November 9, 2017.

ITEC CORPORATION is a Japan-based company mainly engaged in the manufacture, processing and distribution of steel products. The Company operates in three business segments. The Steel Sales and Processing segment is engaged in the production, sale and processing of steel products, such as H-section steels, steel sheets, columns, C-section steels, synthesis slab plates, flat decks and built-up H-section steels, among others. The Contract Steel Construction segment is engaged in the subcontracting and processing of steel construction works. The Others segment is involved in the delivery and warehousing businesses.