Yamazaki Baking Co., Ltd. (TSE:2212) announces a share repurchase program. Under the program, the company will repurchase up to 3,500,000 shares, representing 1.7% of its issued share capital (excluding treasury stock), for a total purchase price of ¥12,355 million. The shares will be repurchased at a price of ¥3,530 per share.

The purpose of the program is to improve shareholder returns and capital efficiency. As of December 31, 2023, the company had 205,954,365 issued shares (excluding treasury stock) and 14,328,495 treasury shares.