Maruyama Mfg. Co., Inc. (TSE:6316) announces a share repurchase program. Under the program, the company will repurchase up to 130,000 shares, representing 2.93% of its issued share capital, for ¥200 million.

The purpose of the program is to improve capital efficiency and increase the return of profits to shareholders, while strengthening capital policy responsiveness in preparation for future changes in the environment. The program will continue through October 6, 2023. As of September 30, 2022, the company had 4,430,760 issued shares (excluding treasury stock) and 598,572 treasury shares.