Calbee, Inc. (TSE:2229) announces a share repurchase program. Under the program, the company will repurchase 5,000,000 shares, representing 3.87% of its share capital, for ¥12,000 million. The company will repurchase its shares in order to return profits to shareholders and improve capital efficiency.

The program will run until March 31, 2023. As of September 30, 2022, the company had 129,135,384 shares outstanding (excluding treasury shares) and 4,794,416 shares in treasury.