Maruyama Mfg. Co., Inc. (TSE:6316) announces a share repurchase program. Under the program, the company will repurchase up to 2,500,000 shares, representing 1.24% of its issued share capital, for ¥150 million.

The purpose of the program is to return profits to shareholders and improve capital efficiency and also implementing flexible capital policy and utilizing it in incentive plans for executives. The program will continue through September 30, 2024.