Hibiya Engineering, Ltd. (TSE:1982) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 2.08% of its share capital, for ¥1,000 million. The company will repurchase its shares in order to enable the implementation of a flexible capital policy in response to changes in the business environment.

The share repurchase program will run until March 31, 2022. As of May 12, 2021, the company has 24,069,402 shares outstanding (excluding treasury shares) and 936,919 shares in treasury.