Marui Group Co., Ltd. (TSE:8252) announces a share repurchase program. Under the program, the company will repurchase up to 22,000,000 shares, representing 11.62% of its total shares outstanding excluding treasury shares, for a total of ¥40,000 million. The program is being conducted under the policy of lowering the capital adequacy ratio and to redistribute surplus capital in the retail segment.

The repurchase program is valid till March 31, 2024. As of April 30, 2023, the company had 189,346,456 shares outstanding (excluding treasury shares) and had 19,313,961 shares in treasury.