Murakami Corporation (TSE:7292) announces a share repurchase program. Under the program, the company will repurchase up to 250,000 shares, representing 2.05% of its issued share capital, for ¥777.50 million. The shares will repurchased at a price of ¥3,110 per share.

The purpose of the program is to implement a flexible capital policy that responds to changes in the business environment. As of September 19, 2023, the company has 12,171,010 shares in issue and 928,990 shares in treasury.