Chugoku Marine Paints, Ltd. (TSE:4617) announces a share repurchase program. Under the program, the company will repurchase 1,000,000 shares, representing 1.98% of the outstanding shares for ¥1,000 million. The purpose of the program is to return profits to shareholders, improve capital efficiency, and implement a flexible capital policy that responds to the business environment.

The program will run until March 24, 2023. As of September 30, 2022, the company had 50,497,407 issued shares (excluding treasury shares) and 11,502,593 shares in treasury.