Mitsubishi Gas Chemical Company, Inc. (TSE:4182) announces a share repurchase program. Under the program, the company will repurchase up to 5,000,000 shares, representing 2.44% of its issued share capital (excluding treasury stock), for ¥10,000 million. The purpose of the program is to enhance shareholder returns, improve capital efficiency and carry out flexible capital policy.

The repurchased shares will be cancelled. The program will run until January 31, 2024. As of September 30, 2023, the company had 204,610,864 shares in issue (excluding treasury stock) and 17,628,335 shares in treasury.