Aichi Corporation (TSE:6345) announces a share repurchase program. Under the program, the company will repurchase up to 700,000 shares, representing 0.93% of its issued share capital (excluding treasury stock), for a total purchase price of ¥644 million. The shares will be repurchased at a price of ¥920 per share.

The purpose of the program is to improve capital efficiency and implement flexible capital policies in response to changes in the business environment and increase the level of shareholder returns. As of October 31, 2023, the company had 75,210,790 issued shares (excluding treasury stock) and 610 treasury shares.