Lion Corporation (TSE:4912) announces a share repurchase program. Under the program, the company will repurchase up to 8,800,000 shares, representing 3.09% for ¥10,000 million. The shares will be repurchased at ¥1,234 per share.

The purpose of the program is to improve capital efficiency and enhance shareholder returns. As of December 31, 2023, the company had 284,460,939 shares in issue (excluding treasury stock) and 8,075,507 shares in treasury.