Chubu Steel Plate Co., Ltd. (TSE:5461) announces a share repurchase program. Under the program, the company will repurchase up to 760,000 shares, representing 2.75% of its share capital, for ¥1,300 million. The company will repurchase its shares in order to enhance shareholder returns and implement a flexible capital policy which responds to changes in the business environment, along with aiming to improve capital efficiency.

The share repurchase program will run until April 30, 2024. As of September 30, 2023, the company had 27,651,214 shares outstanding (excluding treasury shares) and 2,548,786 shares in treasury.