Recruit Holdings Co., Ltd. (TSE:6098) announces a share repurchase program. Under the program, the company will repurchase up to 46,000,000 shares, representing 2.83% of its total shares outstanding (excluding treasury shares), for a total of ¥200,000 million. The purpose of repurchase program is to maximize shareholder returns.

The program will be funded using company?s own funds. The repurchased shares will be used for strategic M&A with the Company?s common stock as consideration, for the delivery of shares upon the exercise of stock acquisition rights, or for stock compensation using the Company?s common stock for employees of the Group. The repurchase program is valid till July 17, 2024.

As of September 30, 2023, the company had 1,628,091,123 shares outstanding (excluding treasury shares) and had 67,868,907 shares in treasury.