Heiwa Real Estate Co., Ltd. (TSE:8803) announces a share repurchase program. Under the program, the company will repurchase up to 150,000 shares, representing 0.41% of its share capital, for ¥500 million. The company will repurchase its shares in order to strengthen shareholder returns and improve capital efficiency.

The repurchase program will expire on March 31, 2022. As of December 31, 2021, the company had 36,736,972 shares outstanding (excluding treasury shares) and 2,123,024 shares in treasury.