Aida Engineering, Ltd. (TSE:6118) announces a share repurchase program. Under the program, the company will repurchase up to 2,300,000 shares, representing 3.59% of its share capital, for ¥2,000 million. The company will repurchase its shares in order to to further enhance shareholder returns in accordance with Basic Policies under current Medium-Term Management Plan.

The program will expire on June 30, 2024. As of December 31, 2023, the company had 64,047,427 shares outstanding (excluding treasury shares) and 5,400,994 shares in treasury.