IDEC Corporation (TSE:6652) announces a share repurchase program. Under the program, the company will repurchase 1,000,000 shares, representing 3.33% of its share capital, for ¥2,500 million. The company will repurchase its shares in order to improve capital efficiency and implement a flexible capital policy in response to changes in the business environment.

The program will run until June 30, 2022. As of January 31, 2022, the company had 30,006,603 shares outstanding (excluding treasury shares) and 3,217,882 shares in treasury.