Hamamatsu Photonics K.K. (TSE:6965) announces a share repurchase program. Under the program, the company will repurchase up to 2,800,000 shares, representing 1.33% of its share capital, for ¥10,000 million. The company will repurchase its shares as part of its capital policy in response to changes in the business environment and as part of the company's comprehensive shareholder return policy.

The repurchased shares will be cancelled to dispel concerns about future dilution of shares. The share repurchase program will run until December 30, 2024.