Yamazaki Baking Co., Ltd. (TSE:2212) announces a share repurchase program. Under the program, the company will repurchase 4,200,000 shares, representing 1.97% of the outstanding shares for ¥7,600 million. The purpose of the program is to return profits to shareholders and improve capital efficiency.

The program will run until February 28, 2022. As of December 31, 2021, the company had 212,835,439 issued shares (excluding treasury stock) and 7,447,421 shares in treasury.