Gakujo Co., Ltd. (TSE:2301) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 3.53% of its issued share capital (excluding treasury stock), for ¥750 million. The purpose of the program is to carry out agile capital policies in response to changes in the business environment.

The program will run until September 30, 2022. As of January 17, 2022, the company had 14,145,953 shares in issue (excluding treasury stock) and 1,414,047 shares in treasury.