Ishii Iron Works Co., Ltd. (TSE:6362) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 2.7% of its issued share capital (excluding treasury stock), for a total purchase price of ¥320 million. The purpose of the program is to carry out agile capital policies that respond to changes in the business environment.

The program will be valid till May 31, 2022. As of March 31, 2022, the company had 3,698,251 shares outstanding (excluding treasury shares) and 85,749 shares in its treasury.