Nakanishi : Notice Regarding Status and Completion of Own Share Repurchase

Notice Regarding Status and Completion of Own Share Repurchase

(Repurchase of company's own shares in accordance with articles of incorporation pursuant to Article 165,Paragraph 2 of the Companies Act of Japan)

KANUMA, December 20, 2021

Nakanishi Inc. (the "Company") hereby announces the status of the

own share repurchase resolved in the Board of Directors meeting held on August 6, 2021, in accordance with Article 156 of the Companies Act of Japan and pursuant to Article 165, Paragraph 3, of the Companies Act as below.

The Company also announces that the own share repurchase pursuant to the resolution of the Board of Directors meeting held on August 6, 2021 has been completed as a result of the following repurchase.

1. Class of shares repurchased
   Common stock of the Company
2. Total number of shares repurchased
   47,400 shares
3. Repurchase costs

¥107,317,400

4. Period of repurchase

From December 1, 2021 to December 17, 2021 (on a contract basis)

Contact

Investors

Daisuke Suzuki

Corporate Vice President & Group CFO

Masatoshi Akiya

Head of Corporate Communication

[e-mail]

Media

Wakako Uesawa

Corporate Communication Specialist

Nobue Ebihara

Corporate Communication Specialist

[e-mail]

1. The matters for resolution at the Board of Directors meeting held on August 6, 2021

(1)	Class of shares to be repurchased	Common stock of the Company
(2)	Total number of shares to be repurchased	600,000 shares (Maximum)(0.69% of the total shares
		outstanding (excluding treasury shares))
(3)	Total amount of repurchase costs	¥1,200,000,000 (Maximum)
(4)	Period of repurchase	From August 16, 2021 to December 31, 2021

2. The accumulative number of own shares repurchased in accordance with the above resolution of the Board of Directors meeting (As of December 17, 2021)

(1)	Total number of shares repurchased	491,700 shares
(2)	Total amount of repurchase costs	¥1,199,999,800

Note:

This document is a translation of the original Japanese document and is only for reference purposes. All readers are recommended to refer to the original version in Japanese of the release for complete information.

source:

Nakanishi Inc. https://www.nakanishi-inc.jp/ir/irnews/

About Nakanishi Inc.

To achieve the mission of "To create brilliant progress via innovative grinding technology," NSK has continued to hone the three core technologies of high-speed rotary technology, ultrasound technology and micro motor technology.

Using these core technologies, NSK will continue to provide innovative products in the dental, medical and industrial fields, and keep contributing toward the creation of all kinds of progress, such as bringing inspiration, happiness, benefits and joy to society and people.

NSK has two main locations for development and production: headquarters and A1 factory in Kanuma, Japan that handle the main ultra-high speed rotating equipment and ultrasonic equipment.

The company's shares are listed in the Tokyo Stock Exchange.

Visit www.en.nakanishi-inc.jpfor more information about Nakanishi Inc. and NSK products.

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