Taiho Kogyo Co., Ltd. (TSE:6470) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, representing 1.03% of its share capital, for ¥300 million. The purpose of the program is to allocate to the shares to be delivered when exercising stock options, implement agile capital policies in response to changes in the business environment, and improve capital efficiency.

The program will expire on September 30, 2022. As of April 30, 2022, the company had 29,011,882 shares in issue (excluding treasury stock) and 160,575 shares in treasury.