Stella Chemifa Corporation (TSE:4109) announces a share repurchase program. Under the program, the company will repurchase 500,000 shares, representing 4% of the outstanding shares (excluding treasury stock) for ¥1,700 million. The purpose of the program is to implement a flexible capital policy aimed at improving capital efficiency and enhancing shareholder returns.

The program will be valid till March 24, 2023. As of June 30, 2022, the company had 12,513,957 shares (excluding treasury stock) outstanding and 699,291 shares in treasury.