Shoei Yakuhin Co.,Ltd. (TSE:3537) announces a share repurchase program. Under the program, the company will repurchase up to 30,000 shares, representing 0.88% of its issued share capital (excluding treasury stock), for a total purchase price of ¥30.06 million. The shares will be repurchased at a price of ¥1,002 per share.

The purpose of the program is to improve capital efficiency and implement agile capital policies that respond to changes in the business environment. The program will be valid till November 10, 2022. As of September 30, 2022, the company had 3,423,175 shares outstanding (excluding treasury shares) and 155,930 shares in its treasury.