Hagihara Industries Inc. (TSE:7856) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 3.46% of its issued share capital (excluding treasury stock), for a total purchase price of ¥564.5 million. The shares will be repurchased at a price of ¥1,129 per share.

The purpose of the program is to improve capital efficiency and to enable the flexible execution of capital policies. As of April 30, 2022, the company had 14,471,387 issued shares (excluding treasury stock) and 426,213 treasury shares.