Starzen Company Limited (TSE:8043) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 0.51% of its issued share capital (excluding treasury stock), for a total purchase price of ¥236 million. The shares will be repurchased at a price of ¥2,360 per shares.

The purpose of the program is to enable flexible capital policy in response to changes in the business environment. As of April 30, 2023, the company had 19,498,892 issued shares (excluding treasury stock) and 23,660 treasury shares.