RACCOON HOLDINGS, Inc. (TSE:3031) announces a share repurchase program. Under the program, the company will repurchase up to 700,000 shares, representing 3.15% of its share capital, for ¥700 million. The company will repurchase its shares in order to enhance shareholder returns and improve capital efficiency.

The share repurchase program will run until August 31, 2023. As of April 30, 2023, the company had 22,228,232 shares outstanding (excluding treasury shares) and 511 shares in treasury.