Meiji Machine Co., Ltd. (TSE:6334) announces a share repurchase program. Under the program, the company will repurchase up to 340,000 shares, representing 2.98% of its share capital, for ¥100 million. The purpose of the program is to improve capital efficiency and expand the return of profits to shareholders, the company is preparing for future environmental changes in order to strengthen the ability to respond to corporate capital policy and ensure flexibility.

The program will expire on March 29, 2024. As of March 31, 2023, the company had 11,388,418 shares in issue (excluding treasury stock) and 14,218 shares in treasury.