Karula Co.,LTD. (TSE:2789) announces a share repurchase program. Under the program, the company will repurchase up to 243,000 shares, representing 4.40% of its share capital, for ¥121 million. The shares will be repurchased at a price of ¥501 per share.

The purpose of the program is to allocate the shares to be delivered upon the exercise of issued stock options, and to implement a flexible capital policy in response to changes in the business environment and improve capital efficiency. The program will expire on January 30, 2024. As of August 31, 2023, the company had 6,007,356 shares in issue (excluding treasury stock) and 13,756 shares in treasury.