Hanshin Machinery Co., Ltd. (KOSE:A011700) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares. The purpose of the program is to stabilize the stock prices and raise the shareholders’ value. The program will end on June 17, 2020. As of March 16, 2020, the company had 660,200 shares in treasury within the scope available for dividend and no shares in treasury through other repurchase.