Mabuchi Motor Co., Ltd. (TSE:6592) announces a share repurchase program. Under the program, the company will repurchase 2,000,000 shares, representing 1.56% of its share capital (excluding treasury shares), for ¥3,000 million. The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment, and improve shareholder returns and capital efficiency.

The shares repurchased will be cancelled. The program will run until June 21, 2024. As of December 31, 2023, the company had 128,089,112 shares outstanding (excluding treasury shares) and 4,731,412 shares in treasury.