Furubayashi Shiko Co.,Ltd. (TSE:3944) announces a share repurchase program. Under the program, the company will repurchase up to 15,000 shares, representing 1.35% of its issued share capital (excluding treasury stock), for a total purchase price of ¥29.55 million. The shares will be repurchased at a price of ¥1,970 per share.

The purpose of the program is to increase shareholder value of the company's shares, expand options in future capital policies, and ensure flexibility. As of March 22, 2023, the company has 1,109,142 issued shares (excluding treasury stock) and 667,678 treasury shares.