Betrend Corporation (TSE:4020) announces a share repurchase program. Under the program, the company will repurchase up to 50,000 shares, representing 2.28% of its total shares outstanding excluding treasury shares, for a total of ¥50 million. The purpose of repurchase program is to improve capital efficiency and implement flexible capital policy in response to changes in the business environment.

The repurchase program is valid till May 31, 2024. As of September 30, 2023, the company had 2,196,600 shares outstanding excluding treasury shares and had no shares in treasury.