Shoei Yakuhin Co.,Ltd. (TSE:3537) announces a share repurchase program. Under the program, the company will repurchase up to 35,000 shares, representing 1.01% of its issued share capital (excluding treasury stock), for a total purchase price of ¥38.5 million. The shares will be repurchased at a price of ¥1,048 per share.

The purpose of the program is to improve capital efficiency and implement agile capital policies that respond to changes in the business environment. The program will be valid till May 13, 2022. As of March 31, 2022, the company had 3,455,076 shares outstanding (excluding treasury shares) and 124,029 shares in its treasury.