Arata Corporation (TSE:2733) announces a share repurchase program. Under the program, the company will repurchase 1,200,000 shares, representing 6.89% of the outstanding shares for ¥3,000 million. The purpose of the program is to increase shareholder value with the aim of enhancing shareholder returns and improving capital efficiency.

The program will run until November 7, 2024. As of September 30, 2023, the company had 17,420,771 shares outstanding and 607,941 shares in treasury.