Maezawa Industries, Inc. (TSE:6489) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 2.15% of its issued share capital, for ¥360 million. The purpose of the program is to improve the level of shareholder returns and to implement agile capital policies in response to changes in the business environment.

The program will be valid till November 22, 2023. As of May 31, 2023, the company had 18,562,188 issued shares (excluding treasury stock) and 2,863,360 treasury shares.