TAIPEI (Taiwan News) — Taiwan’s leading optical lens maker Largan Precision announced Friday it will buy back its own shares, setting a record-high buyback ceiling on the Taiwan Stock Exchange.

The program authorizes purchases of up to NT$179.6 billion (US$5.7 billion), the maximum amount the company may spend. The actual repurchase amount could be lower depending on market conditions and execution, according to CMoney and LTN.

Largan plans to repurchase up to 2,670 lots, or 2.67 million shares, by Feb. 11, or about 5.91% of its liquid assets. The repurchased shares will be canceled to reduce share capital and prevent dilution, the company said.

Shares will be bought at NT$1,600–NT$3,200, compared with Friday’s closing price of NT$2,060. The announcement came after the market closed.

The buyback, disclosed just before the company’s investor briefing, was widely viewed as a sign of confidence in Largan’s fundamentals. Shares opened Monday at the daily limit of NT$2,265 and closed up 8.74%, or NT$180, at NT$2,240, according to Anue.

Largan reported consolidated revenue of NT$5.3 billion for November, down 16% from the previous month and 12% year-on-year. Revenue for the first 11 months totaled NT$55.5 billion, up 3% from a year earlier.

High-end lenses account for approximately 10–20% of the company's shipments. Looking ahead, Largan expects December performance to be broadly in line with November, according to CNA.

Industry observers said seasonal order adjustments by US clients beginning in November weighed on shipments. Demand from Android flagship and foldable phone launches helped support high-end lens sales.

The market is also watching potential growth in optical lenses for artificial intelligence glasses, foldable smartphones and other emerging devices, which could provide longer-term momentum.