Muto Seiko Co. (TSE:7927) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 1.39% of its share capital, for ¥80 million.

The purpose of the program is to enhance shareholder returns and improve capital efficiency. The share repurchase program will run until March 31, 2023. As of November 17, 2022, the company had 7,186,607 shares outstanding (excluding treasury shares) and 552,941 shares in treasury.