Japan Animal Referral Medical Center Co., Ltd. (TSE:6039) announces a share repurchase program. Under the program, the company will repurchase 60,000 shares, representing 2.17% of the outstanding shares for ¥103.08 million. The shares will be repurchased at a price of ¥1,718 per share.

The purpose of the program is to improve shareholder returns and capital efficiency, and to enable the implementation of a flexible capital policy in response to changes in the business environment. The program will run until December 22, 2023. As of September 30, 2023, the company had 2,764,084 shares outstanding (excluding treasury stock) and 72,116 shares in treasury.