CLIP Corporation (TSE:4705) announces a share repurchase program. Under the program, the company will repurchase 100,000 shares, representing 2.72% of its share capital, for ¥91.9 million. The repurchase price will be at ¥ 919 per share.

The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment, improve capital efficiency, and increase shareholder returns. As of September 30, 2023, the company had 3,676,388 shares outstanding (excluding treasury shares) and 859,612 shares in treasury.