Zenrin Co., Ltd. (TSE:9474) announces a share repurchase program. Under the program, the company will repurchase 700,000 shares, representing 1.29% of the outstanding shares for ¥700 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 February 28, 2023. As of September 30, 2023, the company had 54,062,703 shares outstanding and 3,238,662 shares in treasury.