Citizen Watch Co., Ltd. (TSE:7762) announces a share repurchase program. Under the program, the company will repurchase 75,000,000 shares, representing 25.61% of the outstanding shares for ¥40,000 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency.

The program will run until February 15, 2024. As of January 31, 2023, the company had 292,855,074 shares outstanding and 1,144,926 shares in treasury.