Dainichiseika Color & Chemicals Mfg. Co., Ltd. (TSE:4116) announces a share repurchase program. Under the program, the company will repurchase up to 1,400,000 shares, representing 7.57% of its issued share capital, for ¥2,984.80 million.

The shares will be repurchased at a price of ¥2,132 per share. The purpose of the program is to improve capital efficiency, return profits to shareholders, and implement a flexible capital policy. As of July 31, 2023, the company had 18,500,229 shares in issue and 112,881 shares in treasury.