Hibiya Engineering, Ltd. (TSE:1982) announces a share repurchase program. Under the program, the company will repurchase up to 600,000 shares, representing 2.65% of its issued share capital (excluding treasury stock), for ¥1,800 million. The purpose of the program is to to improve shareholder value and capital efficiency.

The program will run until March 31, 2025. As of May 14, 2024, the company had 22,633,443 shares in issue (excluding treasury stock) and 1,122,878 shares in treasury.