MediPal Holdings Corporation (TSE:7459) announces a share repurchase program. Under the program, the company will repurchase up to 2,500,000 shares, representing 1.19% of its issued share capital (excluding treasury stock), for ¥5,000 million. The purpose of the program is to improve capital efficiency through shareholder returns.

The repurchased shares will be cancelled. The program will run until August 30, 2024. As of April 30, 2024, the company had 210,016,973 shares in issue (excluding treasury stock) and 11,274,369 shares in treasury.