Fuso Dentsu Co., Ltd. (TSE:7505) announces a share repurchase program. Under the program, the company will repurchase up to 85,000 shares, representing 1.39% of its share capital, for ¥99.45 million. The shares will be repurchased at a price of ¥1,170 per share.

The purpose of the program is to improve shareholder value and implement a flexible capital policy that responds to changes in the business environment. The program will expire on February 13, 2023. As of January 31, 2023, the company had 6,133,753 shares in issue (excluding treasury stock) and 827,227 shares in treasury.