PAPANETS Co.,Ltd. announces a share repurchase program. Under the program, the company will repurchase up to13,000 shares, for ¥107.9 million. The shares will be repurchased at a price of ¥8,300 per share from Hanamei Co., Ltd. The purpose of the program is to to stabilize management and increase shareholder value.

The program will be valid till February 15, 2024.