Shikoku Kasei Holdings Corp (TSE:4099) announces a share repurchase program. Under the program, the company will repurchase 6,200,000 shares, representing 12.23% of its issued share capital, for ¥327.2 million. The shares will be repurchased at a price of ¥1,735 per share.

The purpose of the program is to enhance shareholder returns and improve capital efficiency. The repurchased shares will be cancelled. As of January 31, 2024, the company had 50,694,142 issued shares (excluding treasury stock) and 66,521 shares in treasury.