Shin-Etsu Chemical Co., Ltd. (TSE:4063) announces a share repurchase program. Under the program, the company will repurchase up to 9,000,000 shares, representing 2.2% 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 December 30, 2022. As of June 30, 2022, the company had 409,736,066 shares in issue (excluding treasury stock) and 6,926,727 shares in treasury.