SUZUKEN : Notice Regarding Resolution to Acquire Treasury Shares (Acquisition of treasury shares in accordance with the Articles of Incorporation pursuant to the provision of Article 459, Paragraph 1 of the Companies Act)

Press Release Suzuken Co., Ltd.

Hiromi Miyata, President and CEO (Stock Code: 9987)

May 11, 2017

Securities Traded: First Sections of the Tokyo and Nagoya Stock Exchanges and the Sapporo Securities Exchange

Contact: Shigeru Asano, Director and Senior Executive Officer; Senior General Manager, Corporate Management Headquarters

Tel.: [phone]

Notice Regarding Resolution to Acquire Treasury Shares

(Acquisition of treasury shares in accordance with the Articles of Incorporation pursuant to the provision of Article 459, Paragraph 1 of the Companies Act)

Suzuken Co., Ltd. (hereinafter the "Company") announced today that the Board of Directors resolved at a meeting held on May 11, 2017 the following items pertaining to the acquisition of treasury shares in accordance with the Articles of Incorporation pursuant to the provision of Article 459 Paragraph 1 of the Companies Act.

1. Reason for Acquisition of Treasury Shares

   To execute agile capital policies in response to changes in the economic environment.

2. Details of Items Pertaining to the Acquisition

1. Type of Shares to Be Acquired Shares of common stock

2. Number of Shares to Be Acquired 2,200,000 shares (upper limit)

   (Ratio of total number of issued shares (excluding treasury shares) 2.28%)

3. Total Amount of the Acquisition Price of the Shares ¥8.5 billion (upper limit)

4. Acquisition Period May 15, 2017 to June 30, 2017

(Reference) Status of treasury shares holdings as of March 31, 2017

Total number of shares issued (excluding treasury shares) 96,622,400 shares Number of treasury shares 6,721,683 shares