Azbil Corporation (TSE:6845) announces a share repurchase program. Under the program, the company will repurchase up to 4,000,000 shares, representing 2.93% of its issued share capital (excluding treasury stock), for a total purchase price of ¥10,000 million. The purpose of the program is to enable the execution of a flexible capital policy that responds to changes in the corporate environment.

Repurchased shares will be cancelled. The program will be valid till September 22, 2023. As of March 31, 2023, the company had 136,552,663 issued shares (excluding treasury stock) and 7,148,221 treasury shares.