SMC Corporation (TSE:6273) announces a share repurchase program. Under the program, the company will repurchase up to 950,000 shares, representing 1.45% of its share capital, for ¥60,000 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency.

The share repurchase program will run until March 24, 2023. As of November 14, 2022, the company had 65,342,648 shares outstanding (excluding treasury shares) and 2,026,711 shares in treasury.