Sumitomo Seika Chemicals Company, Limited. (TSE:4008) announces a share repurchase program. Under the program, the company will repurchase up to 220,000 shares, representing 1.63% of its issued share capital, for ¥1,000 million.

The purpose of the program is to improve capital efficiency and enhance shareholder returns, and to implement agile capital policies. The program will expire on February 29, 2024. As of September 30, 2023, the company had 13,499,443 shares (excluding treasury stock) in issue and shares 481,027 in treasury.