Smaregi, Inc. (TSE:4431) announces a share repurchase program. Under the program, the company will repurchase 390,000 shares, representing 2% of its share capital for ¥500 million. The company will repurchase its shares in order to enable the implementation of incentive plans for its officers and employees, and a flexible capital policy in response to changes in the business environment.

As of April 30, 2022, the company had 19,502,963 shares outstanding (excluding treasury shares) and 130,037 shares in treasury.