Almado, Inc. (TSE:4932) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, representing 3.01% of its issued share capital (excluding treasury stock), for ¥300 million. The purpose of the program is to improve capital efficiency.

The program will run until September 30, 2022. As of June 30, 2022, the company had 9,748,066 shares in issue (excluding treasury stock) and 645,934 shares in treasury.