MOONBAT Co.,Ltd. (TSE:8115) announces a share repurchase program. Under the program, the company will repurchase 200,000 shares, representing 4.19% of the outstanding shares for ¥100 million. The purpose of the program is to enable the implementation of a flexible capital policy in response to changes in the business environment.

The program will run until February 14, 2023. As of January 31, 2022, the company had 4,774,719 shares outstanding and 567,014 shares in treasury.