EXEDY Corporation (TSE:7278) announces a share repurchase program. Under the program, the company will repurchase up to 8,000,000 shares, representing 17.03% of its total shares outstanding excluding treasury shares, for a total of ¥15,000 million. The purpose of the program is to enhance capital efficiency and to implement a flexible capital policy in response to changes in the business environment as well as to mitigate the impact on the supply and demand of the shares due to the offering of the common stock.

The program will expire on May 30, 2024. As of April 30, 2024, the company had 46,965,969 shares outstanding excluding treasury shares and 1,627,767 shares in treasury.