Hokuetsu Industries Co., Ltd. (TSE:6364) announces a share repurchase program. Under the program, the company will repurchase 568,000 shares, representing 1.99% of its share capital, for ¥700 million. The company will repurchase its shares in order to return profits to shareholders and to enable flexible execution of capital policy in response to changes in the business environment.

The program will run until March 29, 2024. As of June 30, 2023, the company had 28,576,306 shares outstanding (excluding treasury shares) and 1,589,112 shares in treasury.