Tranche Update on Rix Corporation's Equity Buyback Plan announced on March 9, 2016.

RIX CORPORATION is a Japan-based company engaged in the manufacture and sale of high pressure hydraulic equipment, precision automatic measuring equipment and other products. The Company has seven business segments, including Steels, Automobiles, Electronics and Semiconductors, Rubbers and Tires, Advanced Materials, Environment, and Paper Pulp. The Company is engaged in the sale of pressure generator products such as plunger pumps and high pressure hydraulic pumps, applied equipment and system products such as high pressure water washing equipment, attached equipment and parts such as oil seals and filters, related technical products such as piston valves, and precision automatic measuring equipment, as well as the manufacture and sale of rotary joints, high pressure precision cleaning equipment, bearings, insulation boards and booster pumps. The Company is also engaged in the provision of automotive parts and electronic parts, as well as the food business and shipbuilding business.