Cookpad Inc. (TSE:2193) announces a share repurchase program. Under the program, the company will repurchase 20,000,000 shares, representing 21.4% of the outstanding shares for ¥2,000 million. The purpose of the program is to improve capital efficiency and implement a flexible capital policy in response to changes in the business environment, by increasing treasury stock.

The program will run until March 31, 2025. As of December 31, 2023, the company had 93,467,439 shares outstanding and 13,961,961 shares in treasury.