Scigineer Inc. (TSE:6031) commences share repurchases on April 10, 2023, under the program mandated by the shareholders in the extraordinary general meeting of shareholders held on March 29, 2023. As per the mandate, the company is authorized to repurchase up to 1,261,726 shares, representing 19.76% of its issued capital for ¥996.76 million. The shares will be repurchased at a price of ¥790 per share.

The program is valid till April 30, 2023. As of December 31, 2022, the company had 6,385,446 shares in issue and 37 shares in treasury.