Shikoku Chemicals Corporation (TSE:4099) announces a share repurchase program. Under the program, the company will repurchase 1,200,000 shares, representing 2.22% of the outstanding shares, at a price of ¥1,271 per share for a total of ¥1,525.2 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency.

The repurchased shares will be cancelled. The program will expire on August 29, 2022. As of July 31, 2022, the company had 53,952,900 shares outstanding (excluding treasury stock) and 65,663 shares in treasury.