Hibiya Engineering, Ltd. (TSE:1982) announces a share repurchase program. Under the program, the company will repurchase up to 600,000 shares, representing 2.54% of its issued share capital (excluding treasury stock), for ¥1,200 million. The purpose of the program is to carry out agile capital policies in response to changes in the business environment.

The program will run until March 31, 2023. As of May 12, 2022, the company had 23,625,251 shares in issue (excluding treasury stock) and 1,381,070 shares in treasury.