DENSO Corporation (TSE:6902) announces a share repurchase program. Under the program, the company will repurchase up to 16,000,000 shares, representing 2.1% of its share capital, for ¥100,000 million. The company will repurchase its shares in order to increase returns to shareholders and improve capital efficiency.

The share repurchase program will run until December 31, 2022. As of June 30, 2022, the company had 763,375,664 shares outstanding (excluding treasury shares) and 24,569,287 shares in treasury.