Central Forest Group, Inc. (NSE:7675) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, representing 3.42% of its share capital, for ¥522 million. The shares will be repurchased at a price of ¥1,740 per share.

The purpose of the program is to implement capital policies and improve capital efficiency in response to changes in the business environment. The program will expire on February 24, 2023. As of February 22, 2023, the company had 8,781,749 shares in issue (excluding treasury stock) and no shares in treasury.