Sato Foods Co., Ltd. (TSE:2923) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 4.73% of its share capital, for ¥363.8 million. The shares will be repurchased at a price of ¥1,819 per share.

The purpose of the program is to improve the ratio of outstanding shares, improve capital efficiency, and enhance shareholder returns. The program will expire on February 26, 2024. As of December 31, 2023, the company had 9,326,460 shares in issue (including treasury stock) and 5,101,632 shares in treasury.