Star Micronics Co., Ltd. (TSE:7718) announces a share repurchase program. Under the program, the company will repurchase up to 600,000 shares, representing 1.59% of its issued share capital (excluding treasury stock) for ¥1,000 million. The purpose of this program is to implement agile capital policies in response to changes in the business environment, improve capital efficiency, and enhance shareholder returns.

The share repurchase program is valid till July 31, 2023. As of April 30, 2023, the company had 37,726,098 shares outstanding (excluding treasury shares) and 4,739,036 shares in treasury.