Estelle Holdings Co.,Ltd. (TSE:7872) announces a share repurchase program. Under the program, the company will repurchase up to 180,000 shares, representing 1.69% of its share capital, for ¥120 million. The company will repurchase its shares in order to return profits to all shareholders by improving capital efficiency.

The share repurchase program will run until May 31, 2023. As of March 31, 2023, the company had 10,627,720 shares outstanding (excluding treasury shares) and 831,503 shares in treasury.