Hiraga Co.,Ltd. (JASDAQ:7863) announces a share repurchase program. Under the program, the company will repurchase 941,600 shares, representing 23.45% of its share capital, at ¥422 per share for ¥397.36 million. The company will repurchase its shares in order to enable the implementation of a flexible capital policy in response to changes in the business environment. As of March 25, 2020, the company had 4,015,585 shares outstanding (excluding treasury shares) and 332,200 shares in treasury.