INES Corporation (TSE:9742) announces a share repurchase program. Under the program, the company will repurchase up to 1,500,000 shares, representing 6.76% of its total shares outstanding excluding treasury shares, for a total of ¥2,000 million. The purpose of the repurchase program is to implement capital policies to improve capital efficiency and enhance shareholder returns.

The share repurchase program is valid until March 31, 2022. As of November 30, 2021, the company has 23,900,000 shares outstanding excluding treasury shares and had 1,716,623 shares in treasury.