Riken Technos Corporation (TSE:4220) announces a share repurchase program. Under the program, the company will repurchase 8,500,000 shares, representing 13.43% of the outstanding shares for ¥7,000 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment, enhance capital efficiency and improve shareholder returns.

Shares repurchased will be cancelled. The program will run until January 31, 2024. As of September 30, 2023, the company had 63,304,639 issued shares (excluding treasury stock) and 809,180 shares in treasury.