Tranche Update on Syuppin Co., Ltd.'s Equity Buyback Plan announced on January 8, 2019.

Syuppin Co., Ltd. is primarily engaged in the purchase and sale of used and new goods through Internet or retail stores. The Company operates in four business segments. The Camera segment provides used and new cameras such as digital cameras, film cameras, interchangeable lenses, peripheral equipment and others. The Watch segment provides used and new watches. The Writing Instrument segment provides used fountain pens, new fountain pens, stationery, leather accessories and others. The Bicycle segment provides used and new goods of bicycle bodies, frames, parts, accessories and others.