Payroll Inc. (TSE:4489) announces a share repurchase program. Under the program, the company will repurchase up to 130,000 shares, representing 0.72% of its issued share capital (excluding treasury stock), for ¥100 million. The purpose of the program is to improve capital efficiency by executing a flexible capital policy, comprehensively considering our stock price level, cash on hand, business environment, etc.

The program will run until September 30, 2022. As of July 31, 2022, the company had 17,964,101 shares in issue (excluding treasury stock) and 99 shares in treasury.