Zenrin Co., Ltd. (TSE:9474) announces a share repurchase program. Under the program, the company will repurchase 1,000,000 shares, representing 1.81% of the outstanding shares for ¥1,500 million. The purpose of the program is to implement agile capital policies in response to changes in the business environment, improve capital efficiency, and strengthen shareholder returns.

The program will run until August 31, 2022. As of March 31, 2021, the company had 54,524,285 shares outstanding and 2,777,080 shares in treasury.