Keisei Electric Railway Co., Ltd. (TSE:9009) announces a share repurchase program. Under the program, the company will repurchase up to 5,000,000 shares, representing 2.96% of its issued share capital (excluding treasury stock), for ¥33,000 million. The purpose of the program is to improve shareholder returns through flexible capital policy implementation and improved capital efficiency.

The program is valid till May 31, 2024. As of February 22, 2024, the company had 168,927,081 issued shares (excluding treasury stock) and 3,484,104 treasury shares.