Harmonic Drive Systems Inc. (TSE:6324) announces a share repurchase program. Under the program, the company will repurchase up to 2,000,000 shares, representing 2.08% of its share capital, for ¥5,000 million. The purpose of the program is to carry out a flexible capital policy.

The program will expire on September 30, 2022. As of March 31, 2022, the company had 96,263,064 shares in issue (excluding treasury stock) and 52,336 shares in treasury.