Ichigo Inc.TSE: 2337

Share Buyback

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[Provisional Translation Only]

This English translation of the original Japanese document is provided solely for information purposes. Should there be any discrepancies between this translation and the Japanese original, the latter shall prevail.

August 19, 2022

Ichigo Inc. (Tokyo Stock Exchange Prime, 2337) Representative: Scott Callon, Chairman

Inquiries: Takanori Sakamatsu, Senior Statutory Executive Officer

Telephone: +81-3-3502-4818www.ichigo.gr.jp/en

Share Buyback

Ichigo decided today to conduct a share buyback pursuant to the provisions of Articles 156 and 165 of the Companies Act.

1. Reason for Share Buyback

To grow value for Ichigo's shareholders

2. Share Buyback Summary

Share Type

Common shares

Number of Shares

12,000,000 shares (maximum)

(2.59% of total shares outstanding, net of treasury shares)

Amount

JPY 3 billion (maximum)

Buyback Period

August 22, 2022 - February 28, 2023

Buyback Method

In-market purchases via securities firm

Reference Information

As of July 31, 2022

Total Shares Outstanding

505,381,018 shares

Treasury Shares

42,570,300 shares

Summary of Share Buybacks Done So Far During FY23/2

Buyback Period

April 20, 2022 - June 10, 2022

Number of Shares Purchased

5,103,800 shares

(1.10% of total shares outstanding, net of treasury

shares as of July 31, 2022)

Amount

JPY 1,499,974,600

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