J-MAX Co.,Ltd. (TSE:3422) announces a share repurchase program. Under the program, the company will repurchase up to 290,000 shares, representing 2.45% of its share capital, for ¥220.98 million. The shares will be repurchase at a price of ¥ 762 per share.

The purpose of the program is to enable the implementation of a flexible capital policy and to improve shareholder returns and capital efficiency. The program will expire on May 10, 2023. As of March 31, 2023, the company had 11,856,911 shares in issue (excluding treasury stock) and 289 shares in treasury.