Gun Ei Chemical Industry Co., Ltd. (TSE:4229) announces a share repurchase program. Under the program, the company will repurchase 300,000 shares, representing 4.76% of its share capital, for ¥750 million. The company will repurchase its shares in order to enhance shareholder returns and enable the implementation of a flexible capital policy in response to changes in the business environment. The program will run until June 19, 2020. As of November 30, 2019, the company had 6,928,675 shares outstanding (excluding treasury shares) and 2,069,633 shares in treasury.