Tranche Update on Okamoto Industries, Inc.'s Equity Buyback Plan announced on November 10, 2023.

OKAMOTO INDUSTRIES,INC. is a Japan-based company mainly engaged in the manufacture and sale of industrial products and household goods. The Company operates through two business segments. The Industrial Products segment sells products mainly made of plastic resins to processing companies. The Daily Necessities segment mainly sells daily necessities and consumable goods to consumers. The Company is also involved in the group's logistics business and solar power generation business. The Company’s major products include plastic films, construction and industrial materials, medical and daily necessities, shoes, clothing and sports equipment and others.