Kao Corporation (TSE:4452) announces a share repurchase program. Under the program, the company will repurchase up to 12,000,000 shares, representing 2.53% of its issued share capital for total worth of ¥50,000 million. The purpose of the program is to improve capital efficiency and further return profits to shareholders.

The program will run till August 31, 2022. As of December 31, 2021, the company had 474,881,072 shares in issue and 118,928 shares in treasury.