Fukuvi Chemical Industry Co.,Ltd. (TSE:7871) announces a share repurchase program. Under the program, the company will repurchase up to 630,000 shares, representing 3.08% of its total shares outstanding (excluding treasury shares), for a total of ¥400 million. The shares will be repurchased at a price of ¥560 per share.

The purpose of repurchase program is to improve capital efficiency, return profits to shareholders and to execute a flexible capital policy that responds to changes in the business environment. As of October 31, 2022, the company had 20,483,365 shares outstanding (excluding treasury shares) and had 205,060 shares in treasury.