Sojitz Corporation (TSE:2768) announces a share repurchase program. Under the program, the company will repurchase up to 4,000,000 shares, representing 1.81% of its issued share capital, for ¥16,000 million. The purpose of repurchase program is to improve capital efficiency and allocate a portion of the surplus core cash flow generated over the course of Medium-term Management Plan 2023.

The program will expire on April 30, 2024. As of December 31, 2023, the company had 221,243,223 shares outstanding (excluding treasury shares) and had 3,756,777 shares in treasury.