CMC Corporation (TSE:2185) announces a share repurchase program. Under the program, the company will repurchase 80,000 shares, representing 0.6% of the outstanding shares for ¥100 million. The purpose of the program is to improve shareholder returns and capital efficiency, and to implement an agile capital policy in response to changes in the business environment.

The program will run until September 22, 2022. As of August 1, 2022, the company had 13,323,752 shares (excluding treasury stock) outstanding and 1,040,248 shares in treasury.