Fujikura Kasei Co., Ltd. (TSE:4620) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, representing 3.24% of its issued share capital (excluding treasury stock), for ¥500 million. The purpose of the program is to return profits to shareholders, improve capital efficiency and implement agile capital policies.

The program will run until August 30, 2024. As of March 31, 2024, the company had 30,829,164 shares in issue (excluding treasury stock) and 20,836 shares in treasury.