Shikino High-Tech CO.,LTD. (TSE:6614) announces a share repurchase program. Under the program, the company will repurchase up to 10,000 shares, representing 0.23% of its share capital, for ¥50 million. The shares will be repurchased at a price of ¥3,295 per share.
The program is aimed at delivering restricted stock to the company's directors (excluding outside directors). The program will expire on May 23, 2023. As of March 31, 2023, the company had 4,423,932 shares in issue (excluding treasury stock) and 68 shares in treasury.