BRIDGE International Corp. (TSE:7039) announces an share repurchase program. Under the program, the company will repurchase up to 160,000 shares, representing 4.27% of its issued share capital, for ¥320 million.

The shares repurchased will be used for introducing restricted stock compensation plan and as part of implementing a flexible capital policy in response to changes in the business environment and returning profits to shareholders. The program will expire on June 28, 2024. As of December 31, 2023, the company had 3,748,211 shares in issue (excluding treasury stock) and 20,389 shares in treasury.