Rasa Corporation (TSE:3023) announces a share repurchase program. Under the program, the company will repurchase 420,000 shares, representing 3.5% of the outstanding shares, for ¥400 million. The purpose of the program is to return profits to shareholders, improve capital efficiency, and implement a flexible capital policy that responds to the business environment.

The program is valid till April 28, 2023. As of September 30, 2022, the company had 11,983,837 shares outstanding (excluding treasury stock) and 1 share in treasury.