Shofu Inc. (TSE:7979) announces a share repurchase program. Under the program, the company will repurchase up to 150,000 shares, representing 0.84% of its issued share capital (excluding treasury stock), for a total purchase price of ¥343.5 million. The shares will be repurchased at a price of ¥2,290 per share.

The purpose of the program is to implement agile capital policies that respond to changes in the business environment. As of January 31, 2023, the company had 17,842,082 issued shares (excluding treasury stock) and 52,007 treasury shares.