Frontier International Inc. (TSE:7050) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 2.21% of its total shares outstanding (excluding treasury shares), for a total of ¥210 million. The purpose of repurchase program is to execute a flexible capital policy in response to changes in the business environment.

The repurchase program is valid till March 12, 2023. As of December 31, 2022, the company had 4,523,700 shares outstanding (excluding treasury shares) and had 95,300 shares in treasury.