Star Micronics Co., Ltd. (TSE:7718) announces a share repurchase program. Under the program, the company will repurchase up to 6,000,000 shares, representing 16.33% of its total shares outstanding excluding treasury shares, for a total of ¥10,000 million. The purpose of repurchase program is to implement a flexible capital policy, improve capital efficiency, and enhance shareholder returns, while also maintaining the necessary financial base to implement our growth strategy.

The repurchase program is valid till May 14, 2025. As of April 30, 2024, the company had 36,733,160 shares outstanding excluding treasury shares and had 4,639,874 shares in treasury.