Mitsubishi Pencil Co., Ltd. (TSE:7976) announces a share repurchase program. Under the program, the company will repurchase 500,000 shares, representing 0.87% of its share capital, for ¥800 million. The company will repurchase its shares to return profits to shareholders, improve capital efficiency, and implement agile capital policies in response to changes in the business environment.

The repurchased shares will be cancelled. The program will run until August 29, 2022. As of March 31, 2022, the company had 57,796,552 shares outstanding (excluding treasury shares) and 6,489,740 shares in treasury.