Tokyo Electron Limited (TSE:8035) announces a share repurchase program. Under the program, the company will repurchase up to 3,500,000 shares, representing 0.75% of its share capital, for ¥80,000 million. The company will repurchase its shares in line with its capital policy taking into account its growth investment funds, on the basis of its current cash flow and medium-to-long term profit growth.

The share repurchase program will run until July 31, 2024. As of March 31, 2024, the company had 464,355,893 shares outstanding (excluding treasury shares) and 7,276,840 shares in treasury.