Yamato Corporation (TSE:1967) announces a share repurchase program. Under the program, the company will repurchase up to 600,000 shares, representing 2.34% of its share capital, for ¥350 million. The purpose of the program is to implement a flexible capital policy that responds to changes in the business environment and improve shareholder returns and capital efficiency.

The share repurchase program will run until June 30, 2023. As of September 20, 2022, the company had 25,655,355 shares in issue and 1,272,297 shares in treasury.