PIETRO Co.,Ltd. (TSE:2818) announces a share repurchase program. Under the program, the company will repurchase up to 110,000 shares, representing 1.79% of its issued share capital for ?194.81 million. The shares will be repurchased at a price of ?1,771 per share. The purpose of the program is to improve capital efficiency and implement flexible capital policies in response to changes in the business environment. The program is valid till November 12, 2021. As of September 30, 2021, the company had 6,143,239 shares issued (excluding treasury stock) and 113,991 shares in treasury.