S&B Foods Inc. (TSE:2805) announces a share repurchase program. Under the program, the company will repurchase up to 350,000 shares, representing 2.51% of its issued share capital (excluding treasury stock), for ¥1,307.25 million. The shares will be repurchased at a price of ¥3,735 per share.

The purpose of the program is to improve capital efficiency and strengthen shareholder returns. The repurchased shares will be cancelled. The program will run until February 24, 2022.

As of December 31, 2021, the company had 13,954,234 shares in issue (excluding treasury stock) and 1,254,135 shares in treasury.