Kaneka Corporation (TSE:4118) announces a share repurchase program. Under the program, the company will repurchase 2,300,000 shares, representing 3.42% of the outstanding shares for ¥10,000 million. The purpose of the program is to improve shareholder value and to implement a flexible capital policy in response to changes in the business environment.

The program will run until March 24, 2022. As of August 31, 2022, the company had 67,195,241 shares outstanding and 804,759 shares in treasury.