NEW ART HOLDINGS Co., Ltd. (TSE:7638) announces a share repurchase program. Under the program, the company will repurchase up to 510,000 shares, representing 3.2% of its issued share capital (excluding treasury stock), for a total purchase price of ¥807.84 million. The shares will be repurchased at a price of ¥1,584 per share.

The purpose of the program is to enhance shareholder returns, improve capital efficiency, and respond flexibly and effectively to changes in the business environment to realize a strategic capital policy. As of August 25, 2022, the company has 15,942,532 issued shares (excluding treasury stock) and 683,843 treasury shares.