Yamato Corporation (TSE:1967) announces a share repurchase program. Under the program, the company will repurchase up to 550,000 shares, representing 2.18% of its share capital, for ¥450 million. The purpose of the program is to implement flexible capital policies in response to changes in the business environment and to improve shareholder returns and capital efficiency.

The share repurchase program will run until December 20, 2024. As of September 20, 2023, the company had 25,219,992 shares in issue and 1,707,660 shares in treasury.