Yokogawa Electric Corporation (TSE:6841) announces a share repurchase program. Under the program, the company will repurchase 16,000,000 shares, representing 5.99% of the outstanding shares for ¥20,000 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency, as well as to enable flexible execution of capital policies in response to changes in the business environment.

The program will run until December 29, 2023. As of April 30, 2023, the company had 266,928,960 shares outstanding and 1,695,550 shares in treasury.