Appirits Inc. (TSE:4174) announces a share repurchase program. Under the program, the company will repurchase up to 50,000 shares, representing 1.20% of its share capital, for ¥80 million. The company will repurchase its shares in order to utilize treasury stock for M&A, etc., as well as for the 30% total return ratio set forth in his dividend policy..

The program will expire on March 15, 2024. As of July 31, 2023, the company had 4,151,400 shares outstanding (excluding treasury shares) and 50,038 shares in treasury.