Sankei Chemical Co., Ltd. (FKSE:4995) announces a share repurchase program. Under the program, the company will repurchase 50,000 shares, representing 5.31% of the outstanding shares, for ¥58.85 million. The shares will be repurchased at a price of ¥1,177 per share.

The purpose of the program is to improve capital efficiency and implement a flexible capital policy that responds to future changes in the business environment. As of February 29, 2024, the company had 941,040 shares outstanding (excluding treasury stock) and 78,660 shares in treasury.