Papyless Co., Ltd. (TSE:3641) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 4.88% of its issued share capital for ¥700 million. The purpose of the program is to implement a flexible capital policy that responds to changes in the business environment, we will acquire treasury stock.

The program is valid till February 29, 2024. As of August 10, 2023, the company had 10,245,963 shares issued (excluding treasury stock) and 80,917 shares in treasury.