NEOJAPAN Inc. (TSE:3921) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 0.67% of its issued share capital (excluding treasury stock), for ¥100 million. The purpose of the program is to improve capital efficiency and implement a flexible capital policy according to the business environment.

The program will run until May 31, 2023. As of January 31, 2023, the company had 14,914,577 shares in issue (excluding treasury stock) and 223 shares in treasury.