Almado, Inc. (TSE:4932) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, representing 3% for ¥300 million. The purpose of the program is to improve capital efficiency in view of current business performance trends and the level of retained earnings.

The program is valid until June 30, 2022. As of March 31, 2022, the company had 9,996,200 shares in issue (excluding treasury stock) and 397,800 shares in treasury.