Chubu Shiryo Co., Ltd. (TSE:2053) announces a share repurchase program. Under the program, the company will repurchase 500,000 shares, representing 1.66% of the outstanding shares for ¥700 million. The purpose of the program is to improve capital efficiency and enhance shareholder returns.

The program will run until May 31, 2022. As of December 31, 2021, the company had 30,033,872 shares in issue (excluding treasury stock) and 54,792 shares in treasury.