Tranche Update on Takakita Co., Ltd.'s Equity Buyback Plan announced on July 28, 2022.

TAKAKITA CO., LTD. is a Japan-based company mainly engaged in the manufacturing and sale of agricultural machinery, as well as the processing of bearings. The Company operates in two business segments. The Agriculture Machinery segment is engaged in the manufacture and sale of agricultural machinery, such as dairy and livestock feed harvesting machines used for harvesting pasture and corn for feed rice and feed, and soil-related work machines used for spraying fertilizers and soil conditioners. The Bearing segment is engaged in the customized processing of bearings, including turning of the outer and inner rings, trochanters, and the polishing of large bearings used for industrial machinery and wind power generation.