Pro-Ship Incorporated (TSE:3763) announces a share repurchase program. Under the program, the company will repurchase up to 3,300,000 shares, representing 21.27% of its issued share capital (excluding treasury stock), for a total purchase price of ¥5,329.5 million. The shares will be repurchased at a price of ¥1,919 per share.

The purpose of the program is to mitigate the impact on the stock market due to the sale of company's shares following the dissolution of the capital and business alliance with NSD and to implement a capital policy that responds to future changes in the business environment and market environment. As of June 30, 2022, the company had 15,511,319 issued shares (excluding treasury stock) and 2,081 treasury shares.