SEMITEC Corporation (TSE:6626) announces a share repurchase program. Under the program, the company will repurchase up to 473,100 shares, representing 4.16% of its share capital, for ¥900 million. The shares will be repurchased at a price of ¥1,902 per share.

The purpose of the program is to carry out flexible capital policy in response to changes in the business environment. The program will expire on November 15, 2023. As of September 30, 2023, the company had 11,369,552 shares in issue (excluding treasury stock) and 2,048 shares in treasury.