ARE Holdings, Inc. (TSE:5857) announces a share repurchase program. Under the program, the company will repurchase up to 650,000 shares, representing 0.85% of its issued share capital (excluding treasury stock), for ¥1,000 million. The purpose of the program is to enhance shareholder return through the implementation of a flexible capital policy and the improvement of capital efficiency.

The program will run until June 30, 2024. As of March 31, 2024, the company had 76,643,134 shares in issue (excluding treasury stock) and 3,065,554 shares in treasury.