Taiyo Yuden Co., Ltd. (TSE:6976) announces a share repurchase program. Under the program, the company will repurchase 1,200,000 shares, representing 0.96% of its share capital for ¥5,000 million. The purpose of the program is to expand shareholder returns and improve capital efficiency, and to implement agile capital policies that respond to future changes in the business environment.

The program will continue through March 31, 2022. As of December 31, 2021, the company had 125,587,083 shares outstanding and 4,631,398 shares in treasury.