Watami Co., Ltd. (TSE:7522) announces a share repurchase program. Under the program, the company will repurchase up to 700,000 shares, representing 1.64% of its share capital, for ¥632.1 million. The shares will be repurchase at a price of ¥903 per share.

The purpose of the program is to enable the execution of a flexible capital policy that responds to changes in the business environment. The program will expire on March 3, 2023. As of February 28, 2023, the company had 42,684,880 shares in issue (excluding treasury stock) and 2,039,457 shares in treasury.