Yamashina Corporation (TSE:5955) announces a share repurchase program. Under the program, the company will repurchase up to 800,000 shares, representing 0.59% of its total shares outstanding (excluding treasury shares), for a total of ¥50 million. The company will repurchase its shares in order to improve the shareholder value per share and to implement a flexible capital policy in response to changes in the business environment.

The repurchase program is valid till March 31, 2023. As of December 31, 2022, the company had 135,746,558 shares outstanding (excluding treasury shares) and had 7,865,207 shares in treasury.