Tranche Update on Nichiryoku Co.,Ltd.'s Equity Buyback Plan announced on November 22, 2019.

NICHIRYOKU CO., LTD. is a Japan-based company mainly engaged in the provision of funeral services. The Company operates in three business segments. The Cemeteries segment is engaged in the planning, sale and construction of graveyards and gravestones for outdoor cemeteries, as well as the management of cemeteries. The Temple Tombs segment is engaged in the planning, sale and management of tombs in temples. The Funeral segment is engaged in the provision of funeral services and memorial services, as well as the sale of Buddhist altar goods and return goods.