Heiwa Paper Co.,Ltd. (TSE:9929) announces a share repurchase program. Under the program, the company will repurchase up to 210,000 shares, representing 2.18% of its total shares outstanding (excluding treasury shares), for a total of ¥86.31 million. The shares will be repurchased at a price of ¥411 per share.

The purpose of repurchase program is to return profit to shareholders and to execute a flexible capital policy that responds to changes in the business environment. As of November 10, 2022, the company has 9,642,722 shares outstanding (excluding treasury shares) and has 474,195 shares in treasury.