DAIHEN Corporation (TSE:6622) announces a share repurchase program. Under the program, the company will repurchase 150,000 shares, representing 0.61% of the outstanding shares for ¥700 million. The purpose of the program is to improve shareholder value and capital efficiency per share.

The program will run until March 31, 2022. As of January 31, 2022, the company had 24,686,314 shares outstanding and 2,416,977 shares in treasury.