MEISEI INDUSTRIAL Co.,Ltd. (TSE:1976) announces a share repurchase program. Under the program, the company will repurchase 1,500,000 shares, representing 3% of the outstanding shares for ¥800 million. The purpose of the program is to improve capital efficiency, implement agile capital policies in response to changes in the business environment, and enhance the return of profits to shareholders.

The program will run until March 22, 2024. As of September 30, 2023, the company had 50,027,157 shares outstanding and 6,359,561 shares in treasury.