Fuso Pharmaceutical Industries,Ltd. (TSE:4538) announces a share repurchase program. Under the program, the company will repurchase up to 340,000 shares, representing 3.88% of its issued share capital (excluding treasury stock), for a total purchase price of ¥735 million. The shares will be repurchased at a price of ¥2,114 per share.

The purpose of the program is to improve capital efficiency and enable flexible execution of capital policy in response to changes in the business environment. As of August 31, 2023, the company had 8,769,447 issued shares (excluding treasury stock) and 681,722 treasury shares.