Kaneka Corporation (TSE:4118) announces a share repurchase program. Under the program, the company will repurchase 2,000,000 shares, representing 3.08% of the outstanding shares for ¥8,000 million. The purpose of the program is to improve shareholder value and implement flexible capital policies in response to changes in the business environment.

The program will run until June 21, 2024. As of January 31, 2024, the company had 64,913,674 shares outstanding and 3,086,326 shares in treasury.