RIDE ON EXPRESS HOLDINGS Co., Ltd. (TSE:6082) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 4.94% of its issued share capital (excluding treasury stock), for ¥500 million. The purpose of the program is to return profits to our shareholders, improve capital efficiency, and implement agile capital policies in response to changes in the business environment.

The program will run until September 30, 2022. As of March 31, 2022, the company had 10,113,576 shares in issue (excluding treasury stock) and 740,471 shares in treasury.