Hoden Seimitsu Kako Kenkyusho Co., Ltd. (TSE:6469) announces a share repurchase program. Under the program, the company will repurchase up to 160,000 shares, representing 2.21% of its issued share capital (excluding treasury stock), for ¥106.56 million. The shares will be repurchased at a price of ¥666 per share.

The purpose of the program is to improve capital efficiency and implement agile capital policies that respond to changes in the business environment. The program will run until April 13, 2022. As of February 28, 2022, the company had 7,242,419 shares in issue (excluding treasury stock) and 165,381 shares in treasury.