Fukuda Corporation (TSE:1899) announces a share repurchase program. Under the program, the company will repurchase up to 80,000 shares, representing 0.94% of its issued shares, for ¥367.20 million. The shares will be repurchased at a price of ¥4,810 per share.

The purpose of the program is to improve capital efficiency and implement a flexible capital policy in response to changes in the business environment. As of January 31, 2023, the company had 8,527,994 shares in issue (excluding treasury stock) and 460,117 shares in treasury.