Shibaura Mechatronics Corporation (TSE:6590) announces a share repurchase program. Under the program, the company will repurchase up to a maximum of 137,200 shares and if the number of the Returned Shares is less than 105,500 shares, the Company will replace the above ?total number of shares that can be acquired? with the Returned Shares multiplied by 1.3 (rounded up to the nearest 100 shares), representing 3.1% of the outstanding shares for ¥3,600 million.

The purpose of the program is to improve capital efficiency. The program will run until September 27, 2023. As of July 31, 2023, the company had 4,424,446 shares outstanding (excluding treasury stock) and 232,854 shares in treasury.