Daido Kogyo Co., Ltd. (TSE:6373) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, representing 2.82% of its issued share capital, for ¥216.6 million. The shares will be repurchased at ¥722 per share.

The purpose of the program is to improve capital efficiency and implement a flexible capital policy and acquire treasury stock as part of company's shareholder return policy. As of November 30, 2023, the company had 10,622,603 issued shares and 301,598 treasury shares.