Tranche Update on Toyo Kanetsu K.K.'s Equity Buyback Plan announced on May 12, 2023.

TOYO KANETSU K.K. is a Japan-based company mainly engaged in the planning, design, production, construction and sale of machinery and plant, logistics system, as well as lease and maintenance of those products. The Company operates in two business segments. The Machinery and Plant segment involves in the manufacture and sale of design, manufacture, and construction of storage tanks for liquefied natural gas (LNG), liquefied petroleum gas (LPG), crude oil and other gas and liquid, and maintenance work of these tanks. The Physical Distribution System segment involves in development, design, manufacture, and construction of distribution systems centered on sorting, picking and transportation systems, as well as the maintenance of these various systems.