HS Holdings Co., Ltd. (TSE:8699) announces a share repurchase program. Under the program, the company will repurchase up to 2,000,000 shares, representing 6.4% of its share capital, for up to ¥2,080 million. The share will be repurchased at a price of ¥1,040 per share.

The program is aimed at improvement of profit return to shareholders and execution of flexible capital policy in response to changes in the business environment. The plan will expire on July 26, 2023. As of June 30, 2023, the company has 31,248,882 shares outstanding (excluding treasury shares) and 9,704,618 shares in treasury