F.C.C. Co., Ltd. (TSE:7296) announces a share repurchase program. Under the program, the company will repurchase 650,000 shares, representing 1.31% of the outstanding shares for ¥1,300 million. The purpose of the program is to enhance capital efficiency and to implement a flexible capital policy.

The repurchased shares will be cancelled. The plan will be valid till July 12, 2024. As of March 31, 2023, the company had 49,745,733 shares outstanding and 2,898,297 shares in treasury.