Hosokawa Micron Corporation (TSE:6277) announces a share repurchase program. Under the program, the company will repurchase up to 1,350,000 shares, representing 8.26% of its issued share capital (excluding treasury stock), for a total purchase price of ¥3,935.25 million. The shares will be repurchased at a price of ¥2,915 per share.

The purpose of the program is to improve capital efficiency and return profits to shareholders in order to implement a flexible capital policy that responds to changes in the business environment. As of December 31, 2022, the company has 16,340,894 issued shares (excluding treasury stock) and 889,644 treasury shares.