Hokuetsu Metal Co., Ltd. (TSE:5446) announces a share repurchase program. Under the program, the company will repurchase up to 350,000 shares, representing 1.8% of its issued share capital, at a price of ¥181 per share, for a total of ¥63.35 million. Repurchase will be done through Off-Auction Own Share Repurchase trading method.

The purpose of the plan is to accomplish a flexible capital policy in response to the changes in the business environment. As of November 20, 2013, the company has 19,489,235 shares outstanding and 480,765 shares in treasury.