Japan Pulp and Paper Company Limited (TSE:8032) announces a share repurchase program. Under the program, the company will repurchase up to 1,550,000 shares, representing 11.16% of the outstanding shares, for ¥7,385.75 million. The shares will be repurchased at a price of ¥4,765 per share.

The purpose of the program is to improve capital efficiency and implement flexible capital policies in response to changes in the business environment. As of September 30, 2023, the company had 13,887,931 shares outstanding(excluding treasury stock) and 1,133,620 shares in treasury.