Solasto Corporation (TSE:6197) announces a share repurchase program. Under the program, the company will repurchase up to 3,000,000 shares, representing 3.17% of its issued share capital, for ¥1,500 million. The purpose of the program is to increase shareholder value by improving capital efficiency and enhancing shareholder returns.

The program will be valid till March 22, 2024. As of July 31, 2023, the company had 94,628,659 issued shares (excluding treasury stock) and 24,703 shares in treasury.