Rasa Corporation (TSE:3023) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 3.43% of its issued share capital (excluding treasury stock), for a total purchase price of ¥717.6 million. The shares will be repurchased at a price of ¥1,794 per share.

The purpose of the program is to implement flexible capital policies in response to changes in the business environment. As of April 30, 2024, the company had 11,660,034 issued shares (excluding treasury stock) and 323,804 treasury shares.