Food & Life Companies Ltd. (TSE:3563) announces a share repurchase program. Under the program, the company will repurchase up to 3,300,000 shares, representing 2.85% of its total shares outstanding excluding treasury shares, for a total of ¥7,500 million. The purpose of repurchase program is to implement shareholder return measures, improve capital efficiency, and implement flexible capital policies.

The repurchase program is valid till September 30, 2024. As of March 31, 2024, the company had 115,701,862 shares outstanding excluding treasury shares and had 367,322 shares in treasury.