Hirogin Holdings, Inc. (TSE:7337) announces a share repurchase program. Under the program, the company will repurchase up to 5,000,000 shares, representing 1.6% of its issued share capital (excluding treasury stock), for ¥3,000 million. The purpose of the program is to achieve a consolidated capital adequacy ratio of around 11% and improve corporate value by increasing capital efficiency.

The program will run until March 29, 2024. As of April 30, 2023, the company had 312,370,921 shares in issue (including treasury stock) and 3,822 shares in treasury.