Maruyama Mfg. Co., Inc. (TSE:6316) announces a share repurchase program. Under the program, the company will repurchase up to 130,000 shares, representing 3.02% of its issued share capital, for ¥364 million.

The purpose of the program is to improve capital efficiency and further expand shareholder returns, and to prepare for future changes in the environment by increasing our capital. The program will continue through October 8, 2024. As of September 30, 2023, the company had 4,309,421 issued shares (excluding treasury stock) and 719,911 treasury shares.