Canon Inc. (TSE:7751) announces a share repurchase program. Under the program, the company will repurchase up to 33,000,000 shares, representing 3.34% of its total shares outstanding (excluding treasury shares), for a total of ¥100,000 million. The purpose of repurchase program is to enhance shareholder returns, improve the corporate value through active growth investments and improve the capital efficiency.

The repurchase program is valid till January 31, 2025. As of December 31, 2023, the company had 987,798,712 shares outstanding (excluding treasury shares) and had 345,964,752 shares in treasury.