Tranche Update on Maruyama Mfg. Co., Inc.'s Equity Buyback Plan announced on February 8, 2023.

MARUYAMA MFG. CO., INC. is a Japan-based company mainly engaged in the manufacture and sale of agricultural and forestry machinery, industrial machinery and other machinery, as well as real estate leasing business. The Company operates through four business segments. The Agriculture and Forestry Machinery segment manufactures and sells power sprayers, power sprayers, high-performance pest control machines, brush cutters and others. The Industrial Machinery segment manufactures and sells industrial high-pressure pumps and high-pressure washers. The Other Machinery segment manufactures and sells fire extinguishers and disaster prevention equipment. The Real Estate Leasing and Others segment is involved in the real estate leasing and power sales.