MOONBAT Co.,Ltd. (TSE:8115) announces a share repurchase program. Under the program, the company will repurchase 80,000 shares, representing 1.75% of the outstanding shares for ¥50 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency.

The program will run until August 2, 2024. As of January 31, 2024, the company had 4,570,278 shares outstanding (excluding treasury stock) and 204,441 shares in treasury.