J Frontier Co.,Ltd. (TSE:2934) announces a share repurchase program. Under the program, the company will repurchase up to 220,000 shares, representing 4.67% of its issued share capital (excluding treasury stock), for ¥497.42 million. The shares will be repurchased at a price of ¥2,261 per share. The purpose of the program is to improve shareholder profits by improving capital efficiency, implement flexible capital policies such as M&A, and secure excellent human resources by utilizing incentive plans for directors and employees. The program will run until December 16, 2021. As of November 30, 2021, the company had 4,714,000 shares in issue (excluding treasury stock) and no shares in treasury.