Chudenko Corporation (TSE:1941) announces a share repurchase program. Under the program, the company will repurchase up to 450,000 shares, representing 0.82% of its issued share capital (excluding treasury stock), for a total purchase price of ¥938.25 million. The shares will be repurchased at a price of ¥2,085 per share.

The purpose of the program is to enhance shareholder returns and improve capital efficiency. As of September 30, 2022, the company has 55,190,767 issued shares (excluding treasury stock) and 2,947,350 treasury shares.