Daido Kogyo Co., Ltd. (TSE:6373) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, representing 2.75% of its issued share capital, for ¥250 million. The purpose of the program is to improve capital efficiency and implement a flexible capital policy and acquire treasury stock as part of company's shareholder return policy.

The plan will be valid till February 28, 2023. As of October 31, 2022, the company had 10,922,621 issued shares and 1,580 treasury shares.