Shimano Inc. (TSE:7309) announces a share repurchase program. Under the program, the company will repurchase up to 700,000 shares, representing 0.77% of its issued share capital (excluding treasury stock), for ¥17,500 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, 2024. As of March 31, 2023, the company had 91,160,100 issued shares (excluding treasury stock) and 758,720 treasury shares.