Yamaha Corporation (TSE:7951) announces a share repurchase program. Under the program, the company will repurchase 7,000,000 shares, representing 4.15% of its share capital, for ¥15,000 million. The company will repurchase its shares in order to improve shareholder returns and capital efficiency.

The shares repurchased will be cancelled. The program will run until July 31, 2024. As of December 31, 2023, the company had 168,788,217 shares outstanding (excluding treasury shares) and 18,511,783 shares in treasury.