Shoei Co., Ltd. (TSE:7839) announces a share repurchase program. Under the program, the company will repurchase up to 1,200,000 common stock, representing 2.24% of its issued share capital, for ¥2,000 million. The purpose of the program is improve profitability, enhance shareholder returns, and implement capital policies flexibly in response to changes in the business environment.

The program is valid till March 31, 2024. As of October 31, 2023, the company had 53,553,208 shares issued (excluding treasury stock) and 160,508 shares in treasury.