Shima Seiki completes share buyback program, acquires 321,500 shares

Shima Seiki Mfg., Ltd. (TSE:6222) announced today that it acquired 321,500 of its own shares during the month of June under its ongoing share repurchase program. The total expenditure for these shares amounted to JPY 265,766,500. The acquisition period ran from June 1, 2025, to June 30, 2025, and shares were purchased on the Tokyo Stock Exchange. This buyback is part of a larger plan approved by the Board of Directors on May 9, 2025, which authorizes the acquisition of up to 1,000,000 shares for a total of JPY 1,500,000,000 between May 12, 2025, and September 30, 2025. As of June 30, 2025, the cumulative total of treasury shares acquired under this resolution stands at 577,000 shares, with a total acquisition cost of JPY 488,169,400. The company stated that this share acquisition program is being implemented in accordance with Article 156 of the Companies Act.