Hayashikane Sangyo Co.,Ltd. (TSE:2286) announces a share repurchase program. Under the program, the company will repurchase up to 215,300 shares, representing 2.44% of its issued share capital (excluding treasury stock), for a total purchase price of ¥117.77 million. The shares will be repurchased at a price of ¥547 per share.

The purpose of the program is to implement flexible capital policies in response to changes in the business environment, while improving shareholder returns and capital efficiency; and to further promote the company's operations. As of June 30, 2023, the company had 8,822,146 issued shares (excluding treasury stock) and 87,854 treasury shares.