Hibiya Engineering, Ltd. (TSE:1982) announces a share repurchase program. Under the program, the company will repurchase up to 600,000 shares, representing 2.60% of its issued share capital (excluding treasury stock), for ¥1,500 million. The purpose of the program is to to improve shareholder value and capital efficiency.

The program will run until March 29, 2024. As of May 11, 2023, the company had 23,053,869 shares in issue (excluding treasury stock) and 1,952,452 shares in treasury.