Sun A.Kaken Company,Limited (TSE:4234) announces a share repurchase program. Under the program, the company will repurchase up to 250,000 shares of its common stock, representing 2.28% of its issued and outstanding shares for ¥114.5 million. The shares will be repurchased at a price of ¥458 per share.

The purpose of the plan is to enhance shareholder returns and improve capital efficiency, as well as to enable flexible execution of capital policies in response to changes in the business environment. The plan will be valid up to February 15, 2023. As of February 14, 2022, the company had 10,974,655 shares issued and outstanding (excluding treasury stock) and 345,345 shares in its treasury.