Daiwa Motor Transportation Co., Ltd. (TSE:9082) announces a share repurchase program. Under the program, the company will repurchase up to 130,000 shares, representing 2.94% of its issued share capital (excluding treasury stock), for ¥105.56 million. The shares will be repurchased at a price of ¥812 per share.

Some shares will be repurchased from Chalk Co., Ltd., a major shareholder of the company. The purpose of the program is to improve capital efficiency and implement a flexible capital policy in response to changes in the business environment. The program will run until May 16, 2022.

As of May 13, 2022, the company had 4,427,119 shares in issue (excluding treasury stock) and 822,881 shares in treasury.