Yamazaki Baking Co., Ltd. (TSE:2212) announces a share repurchase program. Under the program, the company will repurchase 3,000,000 shares, representing 1.44% of the outstanding shares for ¥4,806 million. The shares will be repurchased at a price of ¥1,602 per share.

The purpose of the program is to improve shareholder returns and capital efficiency. The program will run until February 27, 2023. As of December 31, 2022, the company had 208,635,106 issued shares (excluding treasury stock) and 11,647,754 shares in treasury.