Raksul Inc. (TSE:4384) announces a share repurchase program. Under the program, the company will repurchase up to 700,000 shares, representing 1.2% of its issued share capital (excluding treasury stock), for ¥700 million. The purpose of the program is to improve profitability while continuing to grow and improve its ability to generate cash flow from the viewpoint of improving capital efficiency.

The program will run until April 30, 2024. As of January 31, 2024, the company had 58,487,899 shares (excluding treasury shares) and 269,011 shares in treasury.