Ishii Iron Works Co., Ltd. (TSE:6362) announces a share repurchase program. Under the program, the company will repurchase up to 150,000 shares, representing 4.14% of its total shares outstanding (excluding treasury shares), for a total of ¥450 million. The purpose of repurchase program is to carry out a flexible capital policy that responds to changes in the business environment.

The repurchase program is valid till May 31, 2023. As of March 31, 2023, the company had 3,618,987 shares outstanding (excluding treasury shares) and had 165,013 shares in treasury.