SMC Corporation completes share repurchase program

SMC Corporation (TSE: 6273) has announced the completion of its previously authorized share repurchase program, which was based on a resolution passed at a Board of Directors meeting held on August 9, 2024. The company repurchased a total of 399,200 of its own common shares for a total amount of ¥24,993,108,000. The repurchase program, which commenced on August 26, 2024, concluded on March 24, 2025, and was executed through market purchases on the Tokyo Stock Exchange. Initially, the resolution authorized the repurchase of up to 600,000 shares, representing 0.9% of outstanding shares (excluding treasury shares), with a total budget of up to ¥35 billion. The company states that this announcement also covers the monthly repurchase results for the period from March 1, 2025, to March 24, 2025, during which no shares were repurchased.