Seiko Corporation (JASDAQ:6286) announces a share repurchase program. Under the program, the company will repurchase up to 150,000 shares, representing 2.33% of its issued share capital (excluding treasury stock), for ¥88.95 million. The shares will be repurchased at a price of ¥593 per share.

The purpose of the program is to improve capital efficiency and implement agile capital policies that respond to changes in the business environment. The program will run until March 22, 2022. As of March 18, 2022, the company had 6,430,817 shares in issue (excluding treasury stock) and 52,506 shares in treasury.