Eiken Chemical Co., Ltd. (TSE:4549) announces a share repurchase program. Under the program, the company will repurchase up to 2,700,000 shares, representing 7.28% of its issued share capital, for ¥5,400 million. The purpose of the program is improve capital efficiency and improve capital efficiency by comprehensively considering growth investment opportunities, capital status, and market environment including recent stock prices.

The program will run until June 30, 2024. As of December 31, 2023, the company had 37,097,930 shares in issue (excluding treasury stock) and 3,943,508 shares in treasury.