Ishihara Sangyo Kaisha,Ltd. (TSE:4028) announces a share repurchase program. Under the program, the company will repurchase up to 2,300,000 shares, representing 5.75% of its share capital, for ¥2,000 million. The program is aimed at improving capital efficiency, we will comprehensively consider growth investment, dividend level, cash on hand and stock price level, and implement it flexibly.

The program will expire on March 31, 2023. As of September 30, 2022, the company had 39,969,847 shares in issue (excluding treasury stock) and 414,096 shares in treasury.