MISUMI Group Inc. (TSE:9962) announces a share repurchase program. Under the program, the company will repurchase up to 4,000,000 shares, representing 1.41% of its total shares outstanding (excluding treasury shares), for a total of ¥10,000 million. The purpose of repurchase program is to enhance shareholder returns and implement a flexible capital policy.

The repurchase program is valid till July 31, 2023. As of March 31, 2023, the company had 284,545,327 shares outstanding (excluding treasury shares) and had 130,070 shares in treasury.