Mitsuboshi Belting Ltd. (TSE:5192) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 1.37% of its issued share capital (excluding treasury stock), for ?802.4 million. The shares will be repurchased at a price of ?2,006 per share. The purpose of the program is to improve capital efficiency and implement agile capital policies in response to changes in the business environment. The program will run until November 9, 2021. As of October 31, 2021, the company had 29,120,945 shares in issue (excluding treasury stock) and 3,483,253 shares in treasury.