Hi-Lex Corporation announces share buyback and strategic business overhaul

Hi-Lex Corporation (TSE:7279) announced a comprehensive strategy to revitalize its business and boost shareholder returns. A key element of this plan is a share buyback program, authorizing the acquisition of up to 800,000 of its own shares, representing 2.1% of its outstanding shares, for a total investment of up to JPY 1,500,000,000. The buyback period extends from July 4, 2025, to March 31, 2026, and will be executed through market purchases on the Tokyo Stock Exchange. This initiative supplements an existing plan to acquire JPY 3,000,000,000 worth of shares by the end of fiscal year 2026.