Maruichi Steel Tube Ltd. (TSE:5463) announces a share repurchase program. Under the program, the company will repurchase up to 2,000,000 shares, representing 2.44% of its issued share capital for ¥5,336 million. The purpose of the program is to enable improvement of capital efficiency and agile execution of capital policy. The program is valid till December 8, 2021. As of September 30, 2021, the company had 82,010,359 shares issued (excluding treasury stock) and 11,989,641 shares in treasury.