FUJIKURA COMPOSITES Inc. (TSE:5121) announces a share repurchase program. Under the program, the company will repurchase up to 4,000,000 shares, representing 17.06% of its issued share capital (excluding treasury stock), for a total purchase price of ¥7,500 million. The shares will be repurchased at a price of ¥1,401 per share.

The purpose of the program is to implement flexible capital policies in response to changes in the business environment, enhance returns to shareholders, and to improve the capital efficiency. As of May 10, 2024, the company has 23,446,209 issued shares (excluding treasury stock) and 36 treasury shares.