Japan Animal Referral Medical Center Co., Ltd. (TSE:6039) announces a share repurchase program. Under the program, the company will repurchase up to 80,000 shares, representing 2.93% of its issued share capital (excluding treasury stock), for a total purchase price of ¥156.8 million. The shares will be repurchased at a price of ¥1,960 per share.

The purpose of the program is to implement flexible capital policies in response to changes in the business environment and to improve capital efficiency. As of February 29, 2024, the company had 2,727,084 issued shares (excluding treasury stock) and 120,116 treasury shares.