Dentsu Group Inc. (TSE:4324) announces a share repurchase program. Under the program, the company will repurchase up to 10,000,000 common stock, representing 3.77% of its issued share capital, for ¥20,000 million. The purpose of the program is to improve capital efficiency, return more profits to shareholders, and increase shareholder value.

The repurchase program will expire on October 31, 2024. As of December 31, 2023, the company had 265,363,755 shares outstanding (excluding treasury stock) and 4,801,599 shares in treasury.