i-mobile Co.,Ltd. (TSE:6535) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, representing 4.97% of its issued share capital (excluding treasury stock), for a total purchase price of ¥1,300 million. The purpose of the program is increase shareholder value by improving capital efficiency and enhancing shareholder returns.

The program will continue through September 30, 2023. As of May 31, 2023, the company had 20,132,346 issued shares (excluding treasury stock) and 250,050 treasury shares.