Maruha Nichiro Corporation (TSE:1333) announces a share repurchase program. Under the program, the company will repurchase up to 2,500,000 shares, representing 4.75% of its issued share capital, for ¥5,000 million. The purpose of the program is to carry out agile capital policies in response to changes in the business environment.

The program will expire on October 31, 2022. As of March 31, 2022, the company had 52,621,901 shares in issue(excluding treasury stock) and 35,009 shares in treasury.