Ajinomoto Co., Inc. (TSE:2802) announces a share repurchase program. Under the program, the company will repurchase up to 10,000,000 shares, representing 1.92% of its share capital, for ¥40,000 million. The company will repurchase its shares in order to improve the level of shareholder returns and capital efficiency.

The shares repurchased will be cancelled. The share repurchase program will run until March 31, 2024. As of September 30, 2023, the company had 519,981,921 shares outstanding (excluding treasury shares) and 1,448,933 shares in treasury.