Hanwa Co., Ltd. (TSE:8078) announces a share repurchase program. Under the program, the company will repurchase 4,000,000 shares, representing 2.06% of its share capital, for ¥5,000 million. The purpose of program is to return profits to promote return to shareholders and improve capital efficiency.
The program will run until o December 31, 2026. As of March 31, 2026, the company had 194,518,680 shares issued and 17,144,520 shares in treasury.
Hanwa Co Ltd is a Japan-based company mainly engaged in the trading of various products, mainly steel. It has six business segments. The Steel Business segment deals in steel bars, construction work, steel plates, specialty steel, wire rods, and steel pipes. It also processes and stores products. The Primary Metal Business segment deals in cold iron sources such as nickel, chromium, silicon, manganese, ferroalloys, stainless steel base materials, high-performance materials, and scrap iron. The Recycled Metal Business segment deals in recycled raw materials and precious metals such as aluminum, copper, zinc, titanium, and nickel. The Food Business segment deals in seafood and livestock products. The Energy and Living Materials Business segment deals in petroleum products, industrial chemicals, chemicals, and biomass and recycled fuels. The Overseas Sales Subsidiaries Business segment trades products similar to the Company's own at major overseas bases.
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