Rinnai Corporation (TSE:5947) announces a share repurchase program. Under the program, the company will repurchase up to 4,000,000 shares, representing 2.84% of its share capital, for ¥10,000 million. The purpose of the program is to increase corporate value by enhancing shareholder returns and improving capital efficiency.
The program will expire on November 28, 2025. As of March 31, 2025, the company had 140,639,588 shares outstanding (excluding treasury shares) and 3,248,983 shares in treasury.
