Faith, Inc. (TSE:4295) announces a share repurchase program. Under the program, the company will repurchase 1,800,000 shares, representing 13.97% of the outstanding shares for ¥1,600 million. The shares will be repurchased at a price of ¥722 per share.

The purpose of the program is to implement agile capital policies in response to changes in the business environment and improve capital efficiency. The program will run until May 18, 2022. As of March 31, 2022, the company had 12,889,353 shares outstanding and 941,738 shares in treasury.