Kyowa Hakko Kirin Co., Ltd. (TSE:4151) announces a share repurchase program. Under the program, the company will repurchase up to 17,000,000 shares, representing 3.16%, at KRW 2,353 per share for up to KRW 40,000 million. The purpose of the share repurchase is to improve capital efficiency and further enhancement of returns to shareholders.

All the shares purchased under the plan will be cancelled. The program will expire on October 31, 2024. As of December 31, 2023, the company had 537,609,288 shares in issue and 2,390,712 shares in treasury.