Maruzen Co., Ltd. (TSE:5982) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 3.08% of its issued share capital (excluding treasury stock), for ¥1,500 million. The purpose of the program is to improve capital efficiency and expand shareholder returns.

The program will run until September 13, 2024. As of August 31, 2023, the company had 16,221,419 shares in issue (excluding treasury stock) and 3,558,581 shares in treasury.