Shimano Inc. (TSE:7309) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, representing 1.09% of its issued share capital (excluding treasury stock), for ¥28,000 million. The purpose of the program is to to enhance shareholder returns and improve capital efficiency, and to carry out agile management in response to changes in the corporate environment.

The program will expire on March 31, 2023. As of March 31, 2022, the company had 91,990,000 issued shares (excluding treasury stock) and 851,019 treasury shares.