Sumitomo Bakelite Company Limited (TSE:4203) announces a share repurchase program. Under the program, the company will repurchase up to 750,000 shares, representing 1.59% of the issued share capital for a total of ¥3,000 million. The company will repurchase its shares to enhance shareholder returns and improve capital efficiency .

The program will expire on September 29, 2023. As of March 31, 2023, the company had 49,590,478 shares in issue and 2,535,917 shares in treasury.