JCU Corporation (TSE:4975) announces a share repurchase program. Under the program, the company will repurchase up to 450,000 shares, representing 1.65% of its issued share capital (excluding treasury stock), for a total purchase price of ¥1,000 million. The purpose of the program is to cancellation of treasury stock in order to carry out a flexible capital policy.

The repurchased shares will be cancelled. The program will continue through January 31, 2024. As of August 3, 2023, the company had 27,235,477 issued shares (excluding treasury stock) and 1,608,570 treasury shares.