Iida Group Holdings Co., Ltd. (TSE:3291) announces a share repurchase program. Under the program, the company will repurchase up to 8,000,000 shares, representing 2.77% of its issued share capital (excluding treasury stock), for ¥20,000 million. The shares will be repurchased at a price of ¥2,372 per share.

The purpose of the program is to improve capital efficiency and enhance shareholder returns and cancel treasury stock. The program will run until May 24, 2023. As of March 31, 2022, the company had 288,379,057 shares in issue (excluding treasury stock) and 6,052,582 shares in treasury.