First-corporation Inc. (TSE:1430) announces a share repurchase program. Under the program, the company will repurchase 250,000 shares, representing 2.02% of its share capital, at ¥705 per share for ¥176.25 million. The company will repurchase its shares in order to enable the implementation of a flexible capital policy in response to changes in the business environment, along with aiming to expand shareholder returns and improve capital efficiency.

As of January 31, 2022, the company had 13,363,509 shares outstanding and 1,000,031 shares in treasury.