Shikoku Kasei Holdings Corp (TSE:4099) announces a share repurchase program. Under the program, the company will repurchase 1,200,000 shares, representing 4.35% of its issued share capital, for ¥3,323.5 million. The shares will be repurchased at a price of ¥1,445 per share.

The purpose of the program is to enhance shareholder returns and improve capital efficiency. The repurchased shares will be cancelled. As of April 30, 2023 the company had 52,907,568 issued shares (excluding treasury stock) and 65,995 shares in treasury.