Shinwa : Notice Regarding Resolution on Matters Concerning Share Repurchase

	May 13, 2021
Company Name:	Shinwa Co., Ltd.
Representative:	Hiroshi Yamada
	President and Representative Director
Stock exchange listing:	First Section of Tokyo Stock Exchange and
	Nagoya Stock Exchange (Code number: 3447)
Contact:	Mitsuyoshi Hirasawa
	Executive Officer and General Manager
	of Administration Headquarters
	(Tel: [phone])

Notice Regarding Resolution on Matters Concerning Share Repurchase

(Share repurchase pursuant to the provisions of the Articles of Incorporation under the provisions of Article 459, paragraph (1) of the Companies Act)

Shinwa Co., Ltd. (hereinafter, the "Company") announced today that, at its board of directors meeting held on May 13, 2021, the Company had passed the following resolution on matters concerning share repurchase pursuant to the provisions of its Article s of Incorporation under the provisions of Article 459, paragraph (1) of the Companies Act.

1. Reason for share repurchase
   The Company will repurchase its shares to flexibly implement its capital policy in response to changes in the business environment and to return profits to its shareholders.
2. Share repurchase details

(1)	Class of shares to be	Shares of common stock
	repurchased
(2)	Total number of shares	Up to 380,000 shares
	the Company is
	(2.69% of the total number of shares issued and outstanding [excl. treasury
	authorized to
	shares])
	repurchase
(3)	Total purchase price	Up to 300,000,000 yen
(4)	Purchasing period	May 14, 2021 to August 31,, 2021
(5)	Purchasing method	Purchases on the Tokyo Stock Exchange
(Reference) The Company's treasury stock holding as of March 31, 2021
Total number of shares issued and
	outstanding	14,103,000 shares
	(excl. treasury shares)
Number of treasury shares	0