Shibaura Electronics Co.,Ltd. (TSE:6957) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 1.31% of its share capital (excluding treasury shares), for ¥1,000 million. The purpose of the program is to implement flexible capital policies in response to changes in the business environment and to improve capital efficiency.

The program will run until November 13, 2024. As of March 31, 2024, the company had 7,631,153 shares outstanding (excluding treasury shares) and 148,712 shares in treasury.