Hochiki Corporation (TSE:6745) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, representing 1.19% of its outstanding shares for¥500 million. The purpose of the program is to improve shareholder returns and implement a flexible capital policy that responds to changes in the business environment.

The program will expire on July 31, 2023. As of January 31, 2023, the company had 25,303,757 outstanding shares excluding treasury shares and 3,508,243 shares in treasury.