Rix Corporation (TSE:7525) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 1.22% of its share capital, for ¥250 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency.

The program will expire on March 31, 2023. As of August 31, 2022, the company had 8,193,049 shares in issue (excluding treasury stock) and 446,951 shares in treasury.