Canon Inc. (TSE:7751) announces a share repurchase program. Under the program, the company will repurchase up to 18,000,000 shares, representing 1.75% of its total issued capital for ¥50,000 million. The company decided to acquire its own shares with the aim of improving capital efficiency and ensuring a flexible capital strategy that provides for such future transactions as share exchanges.
The program will expire on October 18, 2022. As of August 4, 2022, the company had 1,030,146,227 shares outstanding (excluding treasury stock) and 303,617,237 shares in treasury.