Dexerials Corporation (TSE:4980) announces a share repurchase program. Under the program, the company will repurchase 1,800,000 shares, representing 2.96% of its share capital, for ¥6,000 million. The company will repurchase its shares in order to improve capital efficiency and enhance shareholder returns.

The program will run until March 19, 2024. As of December 31, 2023, the company had 60,876,389 shares outstanding (excluding treasury shares) and 294,111 shares in treasury.