Prestige International Inc. (TSE:4290) announces a share repurchase program. Under the program, the company will repurchase up to 800,000 shares, representing 0.62% of its issued share capital for ¥500 million. The purpose of the program is to return profits to shareholders, based on the medium-term business plan for the fiscal year ending March 31, 2022, to achieve a total return ration of 30% or more.

The program is valid till January 12, 2024. As of September 30, 2023, the company had 128,095,592 shares issued and outstanding (excluding treasury shares) and 580,708 shares in treasury.