Makita Corporation (TSE:6586) announces a share repurchase program. Under the program, the company will repurchase up to 3,100,000 shares, representing 1.14% of its issued share capital, for¥10,000 million. The purpose of the program is to flexibly return profits to shareholders based on the basic policy on profit distribution.

The program will continue through August 31, 2023. As of March 31, 2023, the company had 271,541,846 issued shares (excluding treasury stock) and 8,475,674 treasury shares.