Hibiya Engineering Authorises Buyback of Up to 2.1 Million Shares

Hibiya Engineering has authorised a share repurchase programme of up to 2.1 Million shares, with an aggregate cap of 8.4 Billion Yen (4.86% of issued shares excluding treasury).

Acquisitions will be conducted via off-auction block buys via ToSTNeT-3.

Hibiya Engineering cited improving capital efficiency and enhancing shareholder value as the rationale for the action.