Morinaga&Co., Ltd. (TSE:2201) announces a share repurchase program. Under the program, the company will repurchase up to 1,100,000 shares, representing 1.21% of its share capital (excluding treasury shares), for ¥3,520 million. The company will repurchase its shares in order to enhance returns to shareholders and improve capital efficiency.

The repurchased shares will be cancelled. he program will expire on May 17, 2024. As of March 31, 2024, the company had 90,677,454 shares outstanding (excluding treasury shares) and 2,037,084 shares in treasury.