Muromachi Chemicals Inc. (JASDAQ:4885) announces a share repurchase program. Under the program, the company will repurchase 100,000 shares, representing 2.71% of its share capital, for ¥120 million. The company will repurchase its shares in order to implement agile capital policies in response to changes in the business environment, improve capital efficiency, and enhance shareholder returns.

The program will run until April 30, 2022. As of January 31, 2022, the company had 3,685,500 shares outstanding (excluding treasury shares) and 410,000 shares in treasury.