Central Glass Co., Ltd. (TSE:4044) announces a share repurchase program. Under the program, the company will repurchase 14,285,600 shares, representing 36.51% of the outstanding shares for ¥49,999.95 million. The purpose of the program is to further return profits to shareholders and implement agile capital policies in response to changes in the corporate environment.

The company uses it's own funds and borrowings to repurchase shares. The program will run until October 20, 2022. As of September 20, 2022, the company had 39,132,578 shares outstanding and 3,843,417 shares in treasury.