January 24, 2020

For Immediate Release

Company Name: TSUGAMI CORPORATION

Representative: Takao Nishijima, Chairman and CEO

(Stock Code: 6101, Tokyo Stock Exchange, First Section)

Contact: Toshio Honma, COO ADMINISTRATION

Tel: +81-3-3808-1711

Notice of Negative Profit Alert for Overseas Subsidiary Listed on Hong Kong Stock Exchange

Precision Tsugami (China) Corporation Limited, a leading affiliated company of TSUGAMI CORPORATION (the "Company"), issued a Negative Profit Alert at the Hong Kong Stock Exchange today. The information disclosed regarding the Negative Profit Alert has been incorporated into the business result forecasts announced by the Company on November 12, 2019, and has no impact on the business result forecasts for the fiscal year ending March 31, 2020 as of the present moment.

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Tsugami Corporation published this content on 24 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 January 2020 04:59:00 UTC