RAIZNEXT Corporation (TSE:6379) announces a share repurchase program. Under the program, the company will repurchase up to 250,000 shares, representing 0.46% of its issued share capital (excluding treasury stock), for ¥344 million. The shares will be repurchased at a price of ¥1,376 per share.

The purpose of the program is allocation of shares to be delivered as incentives for the restricted stock compensation plan and flexible capital policy in the future. The program will run until December 4, 2023. As of September 30, 2023, the company had 54,139,296 shares in issue (excluding treasury stock) and 28,757 shares in treasury.