Hosiden Corporation (TSE:6804) announces a share repurchase program. Under the program, the company will repurchase 1,700,000 shares, representing 3.09% 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.

The program will run until December 30, 2022. As of October 31, 2022, the company had 54,978,545 shares outstanding and 9,731,539 shares in treasury.