Marudai Food Co., Ltd. (TSE:2288) announces a share repurchase program. Under the program, the company will repurchase up to 182,000 shares, representing 0.73% of its issued share capital (excluding treasury stock), for a total purchase price of ¥305.03 million. The shares will be repurchased at a price of ¥1,676 per share.

The purpose of the program is flexible capital policy that responds to changes in the business environment. As of June 30, 2023, the company has 25,020,537 issued shares (excluding treasury stock) and 1,485,044 treasury shares.