Maruo Calcium Co., Ltd. (TSE:4102)?announces a share repurchase program. Under the program, the company will repurchase up to 30,000 shares, representing 1.34% of its issued share capital for ?43.47 million. The shares will be repurchased at a price of ?1,499 per share. The purpose of the program is improving capital efficiency and implementing agile capital policies in response to changes in the business environment. The program is valid till November 12, 2021. As of September 30, 2021, the company had 2,233,861 shares issued (excluding treasury stock) and 121,339 shares in treasury.