Hikari Business Form Co., Ltd. (TSE:3948) announces a share repurchase program. Under the program, the company will repurchase up to 120,000 shares, representing 2.08% of its total outstanding share capital, excluding treasury stock, for a total purchase price of ¥50 million. The purpose of the program is to improving capital efficiency and ensuring a flexible capital policy.

The program will continue through December 23, 2022. As of June 30, 2022, the company had 5,766,080 outstanding shares (excluding treasury stock) and 49,214 treasury shares.