Hanwa completes first tranche of share buyback program

Hanwa (TSE:8078) announced today the completion of the first phase of its share repurchase program, initiated under the provisions of Article 165(2) of the Corporation Law of Japan. Between June 2, 2025 and June 30, 2025, the company acquired 107,800 shares of its common stock through market purchases on the Tokyo Stock Exchange at a total cost of JPY562,918,000. This buyback is part of a larger program authorized by the Board of Directors on May 9, 2025, which allows for the repurchase of up to 1,250,000 shares, representing 3.10% of the total issued shares (excluding treasury stock), for a maximum aggregate purchase price of JPY5,000 million. Including this initial tranche, Hanwa has now repurchased a total of 248,800 shares at a cumulative cost of JPY1,295,053,000 since the board's authorization. The share repurchase program remains active and is scheduled to continue until March 31, 2026.