Shin-Etsu Chemical Co., Ltd. (TSE:4063) announces a share repurchase program. Under the program, the company will repurchase up to 7,000,000 shares, representing 1.68% of its issued share capital (excluding treasury stock), for ¥100,000 million. The purpose of the program is to implement a flexible capital policy and enhance shareholder returns.

The repurchased shares will be cancelled. The program will run until October 31, 2022. As of March 31, 2022, the company had 415,444,785 shares in issue (excluding treasury stock) and 1,218,008 shares in treasury.