Neturen Co., Ltd. (TSE:5976) announces a share repurchase program. Under the program, the company will repurchase up to 2,717,000 shares, representing 7.21% of its share capital (excluding treasury shares), for ¥1,500 million. The company will repurchase its shares in order to implement an agile capital policy in response to changes in the business environment, increasing capital efficiency and ROE, and further increasing shareholder returns in light of the capital allocation.

The program will expire on March 31, 2024. As of April 30, 2023, the company had 37,708,633 shares outstanding (excluding treasury shares) and 970,067 shares in treasury.