Mitsubishi Logistics Corporation (TSE:9301) announces a share repurchase program. Under the program, the company will repurchase 4,000,000 shares, representing 4.93% of its share capital, for ¥10,000 million. The company will repurchase its shares to flexibly enhance shareholder returns and improve capital efficiency based on the shareholder return policy of the medium-term management plan [2022-2024].

The program will run until March 31, 2023. As of March 31, 2022, the company had 81,208,799 shares outstanding (excluding treasury shares) and 6,751,940 shares in treasury.