IRRC Corporation (TSE:7325) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 5.74% of its issued share capital for ¥400 million. The purpose of the program is to improving capital efficiency and returning profits to shareholders.

The repurchase program will expire on August 14, 2023. As of December 31, 2022, the company had 8,707,633 shares outstanding and 367 shares in treasury.