Shibaura Electronics Co.,Ltd. (TSE:6957) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 1.30% of its share capital, for ¥700 million. The purpose of the program is to achieve sustainable growth, improve our corporate structure and increase our corporate value.

The share repurchase program will run until January 31, 2023. As of September 30, 2022, the company had 7,688,208 shares outstanding (excluding treasury shares) and 7,132 shares in treasury.