Shinobu Foods Products Co., Ltd. (TSE:2903) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 0.81% of its issued share capital (excluding treasury stock), for a total purchase price of ¥80 million. The purpose of the program is to improve capital efficiency and implement a flexible capital policy that responds to changes in the business environment.

The program will be valid till June 30, 2023. As of April 30, 2023, the company had 12,395,011 issued shares (excluding treasury shares) and 1,104,989 shares in treasury.