Tranche Update on Pietro Co. Ltd.'s Equity Buyback Plan announced on January 30, 2018.

PIETRO Co., Ltd. is a Japan-based company mainly engaged in the manufacture and sale of foods such as various dressing sauces, as well as the operation of restaurant that specializes in pasta dishes. The Company operates through three business segments. The Food segment is engaged in the manufacture and sale of dressings, sauces and retorts. The Restaurant segment is engaged in the operation of spaghetti and pizza restaurants, as well as fast food restaurants specializing in pasta. The Others (rental of head office buildings) segment is engaged in the leasing of the Company's buildings.