The Board of Directors of Hirakawa Hewtech Corp. (TSE:5821) authorized a share repurchase program on December 5, 2012. Under the program, the company will repurchase up to 150,000 shares, representing 2.1% of its outstanding share capital, at a price of ¥640 per share, for a total cost of ¥96 million.

Repurchases will be made in the Tokyo Stock Exchange off-floor treasury share trading (ToSTNeT-3). The purpose of the repurchase program is to enable the implementation of a flexible capital policy corresponding to changes in the business environment. Repurchases will be made on December 6, 2012.

As of December 5, 2012, the company has 7,130,032 shares outstanding and 1,639,868 shares held in treasury.