Adeka Corporation (TSE:4401) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 0.48% of its issued share capital (excluding treasury stock), for a total purchase price of ¥1,175 million. The shares will be repurchased at a price of ¥2,350 per share.

The purpose of the program is to improve capital efficiency and prepare for a flexible capital strategy in the future. As of March 31, 2022, the company had 103,437,658 issued shares (excluding treasury stock) and 330,484 treasury shares.