JSP Corporation (TSE:7942) announces a share repurchase program. Under the offer, the company will repurchase up to 3,960,100 shares, representing 13.29% of its issued share capital, for ¥6,577.73 million. The offer price is ¥1,661 per common share.

The purpose of the offer is implementation of a flexible capital policy. The offer is financed by the bank loan and the company's future business operations. The offer is valid till November 30, 2023.

As of October 31, 2023, the company had 29,808,029 shares issued (excluding treasury shares) and 1,605,444 treasury shares.