Hikari Business Form Co., Ltd. (TSE:3948) announces a share repurchase program. Under the program, the company will repurchase up to 150,000 shares, representing 2.61% of its total outstanding share capital, excluding treasury stock, for a total purchase price of ¥100 million. The purpose of the program is to improve capital efficiency by executing a flexible capital policy that responds to changes in the business environment, and as part of the shareholder return policy.

The program will continue through March 24, 2023. As of December 31, 2022, the company had 5,754,306 outstanding shares (excluding treasury stock) and 60,988 treasury shares.