Hephaist Seiko Co.,Ltd. (JASDAQ:6433) announces a share repurchase program. Under the program, the company will repurchase 170,000 shares, representing 2.69% of its share capital, at ¥288 per share for ¥48.96 million. The company will repurchase its shares in order to improve capital efficiency and enable flexible capital policies to respond to changes in the business environment. As of December 31, 2019, the company had 6,312,716 shares outstanding (excluding treasury shares) and 3,984 shares in treasury.