Hirose Tusyo Inc. (TSE:7185) announces a share repurchase program. Under the program, the company will repurchase 174,000 shares, representing 2.81% of its share capital, for ¥528.96 million. The shares will be repurchased at a price of ¥3,040 per share.

The company will repurchase its shares in order to to carry out a flexible capital policy in response to changes in the business environment. The program will run until August 2, 2023. As of June 30, 2023, the company had 6,200,631 shares outstanding (excluding treasury shares) and 630,269 shares in treasury.