IMAGICA GROUP Inc. (TSE:6879) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 1.12% of its total shares outstanding (excluding treasury shares), for a total of ¥400 million. The purpose of repurchase program is to improve capital efficiency and prepare for a flexible capital strategy in the future.

The repurchase program is valid till September 30, 2023. As of June 27, 2023, the company has 44,585,425 shares outstanding (excluding treasury shares) and has 156,042 shares in treasury.