Fukuda Corporation (TSE:1899) announces a share repurchase program. Under the program, the company will repurchase up to 210,000 shares, representing 2.48% of its issued share capital (excluding treasury stock), for a total purchase price of ¥1,089.9 million. The shares will be repurchased at a price of ¥5,190 per share.

The purpose of the program is to implement flexible capital policies in response to changes in the business environment and to improve capital efficiency. As of October 31, 2023, the company had 8,470,228 issued shares (excluding treasury stock) and had 517,883 treasury shares.