Ajinomoto Co., Inc. (TSE:2802) announces a share repurchase program. Under the program, the company will repurchase up to 12,500,000 shares, representing 2.36% of its share capital, for ¥50,000 million. The company will repurchase its shares in order to improve the level of shareholder returns and capital efficiency.

The shares repurchased will be cancelled. The share repurchase program will run until July 31, 2023. As of March 31, 2023, the company had 529,675,840 shares outstanding (excluding treasury shares) and 122,314 shares in treasury.