Appirits Inc. (TSE:4174) announces a share repurchase program. Under the program, the company will repurchase up to 50,000 shares, representing 1.23% of its share capital, for ¥70 million. The company will repurchase its shares in order to obtain a positive commitment to improving the corporate value of the Company by utilizing treasury stock for M&A, etc.

and for stock compensation for officers and employees of the Group. The program will expire on March 13, 2023. As of July 31, 2022, the company had 4,068,900 shares outstanding (excluding treasury shares) and no shares in treasury.