EDION Corporation (TSE:2730) announces a share repurchase program. Under the program, the company will repurchase 4,000,000 shares, representing 3.91% of the outstanding shares for ¥5,000 million. The purpose of the program is to improve shareholder returns and to implement a flexible capital policy through improving capital efficiency.

The program will run until March 31, 2023. As of October 31, 2022, the company had 102,365,981 shares outstanding and 9,639,655 shares in treasury.