Mammy Mart Corporation (TSE:9823) announces a share repurchase program. Under the program, the company will repurchase 700,000 shares, representing 6.57% of the outstanding shares for ¥2,000 million. The purpose of the program is to improve capital efficiency and shareholder value.

The repurchase program is valid till July 25, 2023. As of March 31, 2023, the company had 10,646,956 shares outstanding and 149,837 shares in treasury.