RUDEN HOLDINGS Co.,Ltd. (TSE:1400) announces a share repurchase program. Under the program, the company will repurchase up to 1,300,000 shares, representing 9.99% of its total shares outstanding (excluding treasury shares), for a total of ¥200 million. The purpose of repurchase program is to improve capital efficiency, return profits to shareholders, and flexibly respond to changes in the business environment, etc.

The program is subject to the shareholder approval to be received at the Ordinary General Meeting scheduled to be held on March 23, 2023. The repurchase program is valid for a period of 1 year from March 23, 2023. As of December 31, 2022, the company had 13,008,400 shares outstanding (excluding treasury shares) and had 200 shares in treasury.