Shibaura Machine Co.,Ltd. (TSE:6104) announces a share repurchase program. Under the program, the company will repurchase up to 740,000 shares, representing 3.06% of its issued share capital, for ¥2,000 million. The purpose of the program is to implement flexible capital policies in response to changes in the business environment, improve capital efficiency, and enhance shareholder returns.

The program will run until September 30, 2024. As of March 31, 2024, the company had 24,167,153 shares in issue (excluding treasury stock) and 2,809,953 shares in treasury.