Daiwa House Industry Co., Ltd. (TSE:1925) announces a share repurchase program. Under the program, the company will repurchase 20,000,000 shares, representing 3.04409579% of its share capital (excluding treasury shares), for ¥80,000 million. The purpose of the program is to increase capital efficiency such as ROE and earnings per share as well as to mitigate short-term impact on supply and demand of the company's shares associated with the issuance of zero-coupon convertible bonds due 2029 and zero-coupon convertible bonds due 2030; and to ensure the smooth execution of financing.

The program will run until June 28, 2024. As of December 31, 2023, the company had 657,009,547 shares outstanding (excluding treasury shares) and 2,342,273 shares in treasury.