Axial Retailing Inc. (TSE:8255) announces a share repurchase program. Under the program, the company will repurchase 500,000 shares, representing 2.14% of its issued share capital, for ¥1,500 million. The purpose of the program is to enhance capital efficiency and to implement a flexible capital policy in response to changes in the business environment.

The program will run until December 31, 2023. As of June 13, 2023, the company had 23,388,039 shares issued (excluding treasury stock) and 346,519 shares in treasury.