Howa Machinery, Ltd. (TSE:6203) announces a share repurchase program. Under the program, the company will repurchase 400,000 shares, representing 3.22% of the outstanding shares, at ¥795 per share for ¥318 million. The purpose of the program is to enable the implementation of a flexible capital policy in response to changes in the business environment.

The plan will be valid till February 7, 2022. As of February 4, 2022, the company has 12,409,846 shares outstanding and 138,288 shares in treasury.