AGC Inc. (TSE:5201) announces a share repurchase program. Under the program, the company will repurchase 16,000,000 shares, representing 7.21% of its issued share capital, for ¥50,000 million. The purpose of the program is to improve shareholder returns and capital efficiency.

The program will run until September 22, 2023. As of December 31, 2022, the company had 222,057,457 shares issued and 5,383,924 shares in treasury.