Hikari Business Form Co., Ltd. (TSE:3948) announces a share repurchase program. Under the program, the company will repurchase up to 80,000 shares, representing 1.42% of its issued share capital, for ¥50 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 December 22, 2023. As of June 30, 2023, the company had 5,638,577 outstanding shares (excluding treasury stock) and 176,717 treasury shares.