Daiwa Industries Ltd. (TSE:6459) announces a share repurchase program. Under the program, the company will repurchase 250,000 shares, representing 0.49% of the outstanding shares for ¥299.75 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment. As of December 31, 2018, the company had 51,349,529 shares outstanding and 367,686 shares in treasury.