Banners Co., Ltd. (TSE:3011) announces a share repurchase program. Under the program, the company will repurchase up to 570,000 shares, representing 3.4% of its issued share capital, for total worth of ¥71.25 million. The purpose of the share repurchases is to enables improvement of capital efficiency and agile execution of capital policy, and also acquires treasury stock as part of shareholder return measures. The program will be valid till January 29, 2021. As of December 31, 2020, the company had 16,745,000 shares in issue and 3,491,086 shares are in treasury.