Nikon Corporation (TSE:7731) announces a share repurchase program. Under the program, the company will repurchase up to 36,000,000 shares, representing 9.79% of its outstanding shares for ¥30,000 million. The purpose of the program is to enhance shareholder returns, while improving capital efficiency and ensuring a flexible capital policy.

The repurchased shares will be cancelled. The repurchase program will expire on March 24, 2023. As of March 31, 2022, the company had 367,850,775 shares outstanding (excluding treasury shares) and 10,485,746 shares in treasury.