Paramount Bed Holdings Co., Ltd. (TSE:7817) announces a share repurchase program. Under the program, the company will repurchase 900,000 shares, representing 1.54% of its share capital, for ¥2,398.5 million. The shares will be repurchased at a price of ¥2,665 per share.

The company will repurchase its shares in order to improve shareholder returns by implementing flexible capital policies and improving capital efficiency. The program will expire on February 8, 2024. As of January 31, 2024, the company had 58,320,421 shares outstanding (excluding treasury shares) and 3,434,553 shares in treasury.