Papyless Co., Ltd. (TSE:3641) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 4.97% of its issued share capital, for ¥700 million. The purpose of the acquisition of treasury stock is to implement a flexible capital policy.

The program will be valid till August 31, 2024. As of February 15, 2024, the company had 10,064,963 issued shares and 261,917 shares in treasury.