Idemitsu Kosan Co.,Ltd. (TSE:5019) announces a share repurchase program. Under the program, the company will repurchase up to 90,000,000 common shares, representing 6.53% of its issued share capital, for ¥70,000 million. The share repurchase program is been implemented to give profit returns to shareholders.

The shares repurchased will be cancelled. The share repurchase program is valid till March 14, 2025. As of March 31, 2024, the company had 1,379,039,980 shares in issue (excluding treasury stock) and 13,602,310 shares held under treasury.