Yamazen Corporation (TSE:8051) announces a share repurchase program. Under the program, the company will repurchase up to 6,000,000 shares, representing 6.74% of its issued share capital (excluding treasury stock), for a total purchase price of ¥5,000 million. The purpose of the program is to implement flexible capital policies in response to changes in the business environment, improve capital efficiency, promote the reduction of cross-shareholdings, and ensure shareholder returns.

The program will be valid till March 31, 2025. As of May 14, 2024, the company has 89,023,382 issued shares (excluding treasury stock) and 6,282,053 treasury shares.