Ajinomoto Co., Inc. (TSE:2802) announces a share repurchase program. Under the program, the company will repurchase up to 12,500,000 shares, representing 2.44% of its share capital, for ¥50,000 million. The company will repurchase its shares in order to increase the level of shareholder returns and improve capital efficiency.

The share repurchase program will run until August 30, 2024. As of March 31, 2024, the company had 512,976,494 shares outstanding (excluding treasury shares) and 8,454,360 shares in treasury.