Ushio Inc. (TSE:6925) announces a share repurchase program. Under the program, the company will repurchase up to 20,000,000 shares, representing 17% of its issued share capital (excluding treasury stock), for a total purchase price of ¥30,000 million. The purpose of the program is to enable improvement of capital efficiency and agile execution of capital policy.

The program will be valid till April 30, 2025. As of April 30, 2024, the company had 102,428,003 issued shares (excluding treasury stock) and 5,071,997 treasury shares.