Japan Transcity Corporation (TSE:9310) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, representing 1.56% of its share capital, for ¥600 million. The company will repurchase its shares in order to enable the implementation of a flexible capital policy in response to changes in the business environment.

The plan will be valid till February 12, 2024. As of January 31, 2023, the company had 64,304,118 shares outstanding (excluding treasury shares) and 2,838,299 shares in treasury.