HIMACS, Ltd. (TSE:4299) announces a share repurchase program. Under the program, the company will repurchase 170,000 shares, representing 0.86% of its share capital, at ¥1,379 per share for ¥137.9 million. The company will repurchase its shares in order to improve capital efficiency and enable flexible capital policy that responds flexibly to changes in the business environment.

The plan is valid till November 21, 2023. As of September 30, 2023, the company had 11,659,618 shares outstanding (excluding treasury shares) and 753,374 shares in treasury.