Taihei Machinery Works, Ltd. (TSE:6342) announces a share repurchase program. Under the program, the company will repurchase up to 25,000 shares, representing 1.78% its issued share capital, for ¥45.25 million. The shares will be repurchased at a price of ¥1,810 per share.

The purpose of the plan is to improve capital efficiency and implement a flexible capital policy that responds to changes in the business environment. As of November 14, 2022, the company had 1,405,923 shares issued and 94,077 shares in treasury.