Seihyo Co., Ltd. (TSE:2872) announces a share repurchase program. Under the program, the company will repurchase up to 160,000 shares, representing 10.33% of its share capital, for ¥285.6 million. The shares will be repurchased at a price of ¥1,785 per share.

The purpose of the program is to carry out flexible capital policies in response to changes in the business environment. The program will expire on February 27, 2024. As of January 31, 2024, the company had 1,549,304 shares in issue (excluding treasury stock) and 71,689 shares in treasury.