Hokuetsu Industries Co., Ltd. (TSE:6364) announces a share repurchase program. Under the program, the company will repurchase 450,000 shares, representing 1.57% of its share capital, for ¥540 million. The company will repurchase its shares in order to return profits to shareholders and to enable flexible execution of capital policy in response to changes in the business environment.

The program will run until March 31, 2023. As of September 30, 2022, the company had 28,727,057 shares outstanding (excluding treasury shares) and 1,438,361 shares in treasury.