Harmonic Drive Systems executes share repurchase program

Harmonic Drive Systems (TSE:6324) announced the execution of a portion of its share repurchase program, initially approved by the board of directors on January 16, 2025. During March 2025, the company repurchased 52,400 of its common shares at a total cost of JPY 210,454,500. The repurchases were conducted through market purchases on the Tokyo Stock Exchange. This activity is part of a larger program authorized by the company's Articles of Incorporation, in accordance with Article 165, Paragraph 2 of the Companies Act. The initial resolution authorized the repurchase of up to 400,000 shares, representing approximately 0.42% of the total issued and outstanding shares (excluding treasury shares), for a maximum total purchase price of JPY 1,200,000,000 during the period from February 10, 2025, to June 30, 2025. As of March 31, 2025, the cumulative total of shares repurchased under this resolution reached 89,600 shares, with a total acquisition cost of JPY 390,464,500.