Kadokawa Corporation (TSE:9468) announces a share repurchase program. Under the program, the company will repurchase 8,000,000 shares, representing 5.64% of the its issued share capital, for ¥20,000 million. The purpose of the program is to improve capital efficiency and strengthen the return of profits to shareholders.

The program will be valid till March 31, 2024. As of March 31, 2023, the company had 141,783,863 shares outstanding and 257 shares in treasury.