Loginet Japan Co., Ltd. (SPSE:9027) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, representing 5.21% of its share capital for ¥925.5 million. The shares will be repurchased at ¥3,085 per share.

The purpose of the program is to expand shareholder returns and improve capital efficiency by increasing stock value per share, and to enable flexible capital policy implementation in response to changes in the business environment. The program will expire on February 6, 2024. As of February 5, 2024, the company had 5,753,695 shares in issue (excluding treasury stock) and 1,256,986 shares in treasury.