SMC Corporation (TSE:6273) announces a share repurchase program. Under the program, the company will repurchase up to 800,000 common shares, representing 1.27% of its issued share capital, for ¥50,000 million. The purpose of the program is to enhance returns to shareholders, and improve capital efficiency.
The share repurchase program will run until March 24, 2027. As of April 30, 2026, the company had 63,150,259 shares outstanding (excluding treasury shares) and 719,100 shares in treasury.
SMC Corp is a Japan-based company mainly engaged in the manufacture and sale of automatic control equipment business. The Company is engaged in the manufacture and sale of automatic control equipment, which is an indispensable elemental equipment for factory automation (FA). Main products include direction control equipment, drive equipment, and air pressure auxiliary equipment, as well as temperature control equipment and sensors. The equipment is used for steel industry, chemical industry, food manufacturing industry, physics, chemistry and medical equipment industry and others.
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