Pilot Corporation (TSE:7846) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares of its common stock, representing 2.53% of its outstanding shares for ¥ 4,000 million. The purpose of the program is improving corporate value and shareholder returns.

The shares repurchased will be cancelled. The program is valid till October 31, 2024. As of March 31, 2024, the company had 39,449,434 shares outstanding (excluding treasury stock) and 2,364,966 shares in treasury.