Iwatsuka Confectionery Co., Ltd. (TSE:2221) announces a share repurchase program. Under the program, the company will repurchase up to 450,000 shares, representing 8% of its issued share capital (excluding treasury stock), for a total purchase price of ¥2,317.5 million. The shares will be repurchased at a price of ¥5,150 per share.

The purpose of the program is to carry out flexible capital policy in response to changes in the business environment. As of December 31, 2023, the company has 5,626,516 issued shares (excluding treasury stock) and has 368,484 treasury shares.