Ichikawa Co., Ltd. (TSE:3513) announces a share repurchase program. Under the program, the company will repurchase up to 250,000 shares, representing 5.46% of its issued share capital (excluding treasury stock), for a total purchase price of ¥351.75 million. The shares will be repurchased at a price of ¥1,407 per share.

The purpose of the program is to improve capital efficiency and further shareholders return to implement capital policy. The program is valid till September 1, 2023. As of June 30, 2023, the company has 4,577,960 issued shares (excluding treasury stock) and 389,191 treasury shares.