Ishihara Chemical Co., Ltd. (TSE:4462) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 2.62% of its issued share capital for ¥500 million. The purpose of the program is to return profits to shareholders, improve capital efficiency and implement agile capital policies in response to changes in the business environment.

The program is valid till September 30, 2023. As of December 31, 2022, the company had 15,252,472 shares issued (excluding treasury stock) and 1,055,808 shares in treasury.