Port Inc. (TSE:7047) announces a share repurchase program. Under the program, the company will repurchase up to 340,000 shares, representing 3% of its issued share capital (excluding treasury stock), for ¥200 million. The purpose of the program is to improve corporate value, including the achievement of the medium-term management plan and lead to the maximum return of profits to shareholders.

The program will run until June 30, 2022. As of May 13, 2022, the company had 11,314,500 shares in issue (excluding treasury stock) and 727,390 shares in treasury.