Heiwado Co.,Ltd. (TSE:8276) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, representing 1.91% of its issued share capital (excluding treasury stock), for ¥2,400 million. The purpose of the program is to increase the level of shareholder returns and improve capital efficiency.

The program will run until August 20, 2024. As of January 20, 2024, the company had 52,448,132 shares in issue (excluding treasury stock) and 98,338 shares in treasury.