Brother Industries, Ltd. (TSE:6448) announces a share repurchase program. Under the program, the company will repurchase up to 5,500,000 shares, representing 2.11% of its issued share capital (excluding treasury stock), for ¥10,000 million. The purpose of the program is to improve shareholder return, capital efficiency and to implement flexible capital policies.

The repurchased shares will be cancelled to eliminate concerns over dilution. The program will run until July 29, 2022. As of September 30, 2021, the company had 260,294,930 shares in issue (excluding treasury stock) and 1,925,600 shares in treasury.