Seiko Epson Corporation (TSE:6724) announces a share repurchase program. Under the program, the company will repurchase up to 33,000,000 shares, representing 9.53% of its issued share capital for total worth of ¥30,000 million. The purpose of the program is to increase corporate value.

The repurchased shares will be cancelled. The program will run till May 19, 2023. As of March 31, 2022, the company had 346,189,379 shares in issue (excluding treasury shares) and 53,445,399 shares in treasury.