Shin-Etsu Chemical Co., Ltd. (TSE:4063) announces a share repurchase program. Under the program, the company will repurchase up to 340,000 shares, representing 0.08% of its issued share capital (excluding treasury stock), for ¥7,000 million. The purpose of the program is to deliver shares upon exercise of stock options.

The program will run until March 31, 2023. As of December 31, 2022, the company had 403,664,029 shares in issue (excluding treasury stock) and 7,281,564 shares in treasury.