Dawn Corp. (TSE:2303) announces a share repurchase program. Under the program, the company will repurchase up to 60,000 shares, representing 1.92% of its share capital, for ¥100 million.

The purpose of the program is to returning profits to shareholders, improving capital efficiency, and implementing flexible capital policies according to the business environment. The repurchased shares will be used for restricted stock compensation. The program will expire on March 31, 2024.

As of December 31, 2023, the company had 3,120,032 shares in issue (excluding treasury stock) and 179,968 shares in treasury.