Shin-Etsu Chemical Co., Ltd. (TSE:4063) announces a share repurchase program. Under the program, the company will repurchase up to 22,000,000 shares, representing 1.1% of its total shares outstanding excluding treasury shares, for a total of ¥100,000 million. The purpose of repurchase program is to improve capital efficiency and enhance shareholders?

returns. The repurchased shares will be cancelled. The repurchase program is valid till November 29, 2024.

As of April 30, 2024, the company had 1,996,081,687 shares outstanding excluding treasury shares and 5,610,078 shares in treasury.