Marudai Food Co., Ltd. (TSE:2288) announces a share repurchase program. Under the program, the company will repurchase up to 193,600 shares, representing 0.77% of its issued share capital (excluding treasury stock), for a total purchase price of ¥303.56 million. The shares will be repurchased at a price of ¥1,568 per share.

The purpose of the program is to enable the execution of agile capital policies in response to changes in the business environment. As of June 30, 2022, the company had 25,196,674 issued shares (excluding treasury stock) and 1,308,907 treasury shares.