Sumitomo Osaka Cement Co., Ltd. (TSE:5232) announces a share repurchase program. Under the program, the company will repurchase up to 1,500,000 shares, representing 4.37% of its issued share capital (excluding treasury stock), for a total purchase price of ¥5,000 million. The purpose of the program is to return profits to shareholders by improving capital efficiency.

The program will continue through August 30, 2024. As of March 31, 2024, the company had 34,287,766 issued shares (excluding treasury stock) and 41,751 treasury shares.