SMS Co., Ltd. (TSE:2175) announces a share repurchase program. Under the program, the company will repurchase up to 883,100 shares, representing 1.01% of its share capital for ¥2,000 million. The shares will be repurchased in order to enable flexible implementation of capital policies in response to changes in the business environment.

The program will be valid till December 31, 2023. As of September 30, 2023, the company had 87,560,915 shares (excluding treasury shares) and 685 shares in treasury.