DIP Corporation (TSE:2379) announces a share repurchase program. Under the program, the company will repurchase up to 2,000,000 shares, representing 3.56% of its total shares outstanding excluding treasury shares, for a total of ¥5,000 million. The purpose of repurchase program is to improve capital efficiency and enable the implementation of flexible capital policies in response to changes in the business environment, as well as to increase shareholder value per share and enhance profit returns to shareholders.

The repurchase program is valid till August 20, 2024. As of May 31, 2024, the company had 56,246,096 shares outstanding excluding treasury shares and had 3,893,904 shares in treasury.