Furukawa Co.,Ltd. (TSE:5715) announces a share repurchase program. Under the program, the company will repurchase 1,110,000 shares, representing 2.91% of its share capital, for ¥1,943.61 million. The shares will be repurchased at a price of ¥1,751 per share.

The purpose of the program is to improve capital efficiency and implement agile capital policies that respond to changes in the business environment. The program will expire on August 31, 2023. As of July 31, 2022, the company had 38,115,942 shares outstanding (excluding treasury shares) and 2,329,626 shares in treasury.