Powdertech Co., Ltd. authorizes a Buyback Plan.

Powdertech Co., Ltd. manufactures and sells powder products, such as ferrite powder and iron powder products, as well as oxygen scavengers. The Company operates in two business segments. The Carrier segment manufactures and sells electrophotography carrier for copy machine and printer industry. The Iron Powder segment manufactures and sells various iron powder for powder metallurgy use, as well as oxygen scavenger and oxygen sensing agents for food industry. The Company also engages in logistics services related to their business and purchases raw materials through non-consolidated subsidiaries and other affiliated companies.