Zensho Holdings Co., Ltd. (TSE:7550) announces a share repurchase program. Under the program, the company will repurchase 1,130,000 shares, representing 0.74% of its share capital, for ¥8,500 million. The shares will be repurchased at a price of ¥6,604 per share.

The company will repurchase its shares in order to improve capital efficiency and implement a flexible capital policy in response to changes in the business environment. As of June 30, 2023, the company had 151,822,093 shares outstanding (excluding treasury shares) and 3,040,732 shares in treasury.