SMK Corporation (TSE:6798) announces a share repurchase program. Under the program, the company will repurchase 200,000 shares, representing 3.03% of its issued share capital, for ¥500 million. The purpose of the program is enhance shareholder returns and improve capital efficiency.

The program will run until March 29, 2024. As of September 30, 2023, the company had 6,595,512 issued shares (excluding treasury stock) and 604,488 shares in treasury.