Direct Marketing MiX Inc. (TSE:7354) announces a share repurchase program. Under the program, the company will repurchase up to 1,500,000 shares, representing 3.19% of its issued share capital (excluding treasury stock), for ¥2,000 million. The purpose of the program is to improve corporate value by optimizing the capital structure and reducing the weighted average cost of capital.

The program will run until December 22, 2023. As of December 31, 2022, the company had 46,956,476 shares in issue (excluding treasury stock) and 324 shares in treasury.