Shin-Etsu Chemical Co., Ltd. (TSE:4063) announces a share repurchase program. Under the program, the company will repurchase up to 1,500,000 shares, representing 0.08% of its issued share capital (excluding treasury stock), for ¥8,000 million. The purpose of the program is to deliver shares upon exercise of stock options (stock acquisition rights).

The program will run until December 29, 2023. As of October 31, 2023, the company had 1,996,448,955 shares in issue (excluding treasury stock) and 27,674,010 shares in treasury.