Heiwa Real Estate Co., Ltd. (TSE:8803) announces a share repurchase program. Under the program, the company will repurchase up to 750,000 shares, representing 2.05% of its issued share capital (excluding treasury stock), for a total purchase price of ¥2,500 million. The purpose of the program is to strengthen shareholder returns and improve capital efficiency.

The program will continue through August 31, 2022. As of March 31, 2022, the company had 36,609,977 issued shares (excluding treasury stock) and 2,250,019 treasury shares.