MEC Company Ltd. (TSE:4971) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, representing 1.56% of its total shares outstanding (excluding treasury shares), for a total of ¥900 million. The purpose of repurchase program is to enhance shareholder returns and implement a flexible capital policy in response to changes in the business environment.

The repurchase program is valid till June 30, 2023. As of May 10, 2023, the company has 19,175,278 shares outstanding (excluding treasury shares) and has 895,815 shares in treasury.