Star Micronics Co., Ltd. (TSE:7718) announces a share repurchase program. Under the program, the company will repurchase up to 600,000 shares, representing 1.61% of its total shares outstanding excluding treasury shares, for a total of ¥1,000 million. The purpose of repurchase program is to implement flexible capital policies in response to changes in the business environment, improve capital efficiency and increase shareholder returns.

The repurchase program is valid till January 19, 2024. As of November 17, 2023, the company had 37,244,060 shares outstanding excluding treasury shares and had 4,677,374 shares in treasury.