Isetan Mitsukoshi Holdings Ltd. (TSE:3099) announces a share repurchase program. Under the program, the company will repurchase 11,000,000 shares, representing 2.88% of its share capital, for ¥15,000 million. The company will repurchase its shares in order to improve capital efficiency over the medium- to long-term, and to enable the implementation of capital policies according to the future business environment.

The repurchased shares will be cancelled. The program will run until March 29, 2024. As of December 31, 2023, the company had 382,160,434 shares outstanding (excluding treasury shares) and 14,923,220 shares in treasury.