Dexerials Corporation (TSE:4980) announces a share repurchase program. Under the program, the company will repurchase 1,800,000 shares, representing 2.86% of its share capital, for ¥5,000 million. The company will repurchase its shares in order to improve capital efficiency and enhance its corporate value.

The program will run until March 31, 2023. As of March 31, 2022, the company had 62,936,891 shares outstanding (excluding treasury shares) and 1,556,509 shares in treasury.