Shoei Co., Ltd. (TSE:7839) announces a share repurchase program. Under the program, the company will repurchase up to 140,000 common stock, representing 0.26% of its issued share capital for ¥400 million. The purpose of the program is improvement of the company's corporate value and further share value with shareholders.

The repurchased shares will be used to deliver in connection with a new stock compensation system. The program is valid till August 31, 2023. As of June 30, 2023, the company had 53,684,608 shares issued (excluding treasury stock) and 29,108 shares in treasury.