Bunka Shutter Co., Ltd. (TSE:5930) announces a share repurchase program. Under the program, the company will repurchase up to 8,800,000 shares, representing 13.09% of its issued share capital (excluding treasury stock), for a total purchase price of ¥7,000 million. The purpose of the program is to expand shareholder returns and improve capital efficiency.

The program will continue through August 30, 2023. As of June 30, 2022, the company had 67,197,964 issued shares (excluding treasury stock) and 4,998,523 treasury shares.