Hosiden Corporation (TSE:6804) announces a share repurchase program. Under the program, the company will repurchase 1,600,000 shares, representing 3% of the outstanding shares for ¥3,000 million. The purpose of the program is to implement a flexible capital policy that responds to changes in the business environment, and to improve shareholder returns and capital efficiency.

Repurchased shares will be cancelled. The program will run until July 14, 2023. As of April 30, 2023, the company had 53,278,306 shares outstanding (excluding treasury stock) and 9,731,778 shares in treasury.