MIRAIT Holdings Corporation (TSE:1417) announces a share repurchase program. Under the program, the company will repurchase up to 6,000,000 shares, representing 5.56% of the outstanding shares for ¥9,570 million. The shares will be purchased at a price of ¥1,595 per share.

The purpose of the program is to improve shareholders return and to facilitate flexible implementation of capital policy in response to changes in the business environment. The repurchase program is valid till December 2, 2020. As of November 30, 2020, the company had 107,843,317 shares outstanding and 482,012 shares in treasury.