Gakkyusha Co.,Ltd. (TSE:9769) announces a share repurchase program. Under the program, the company will repurchase 100,000 shares, representing 0.91% of its share capital, for ¥250 million. The shares will be repurchased at a price of ¥2,257 per share.

The company will repurchase its shares in order to to execute a flexible capital policy. The program will run until May 16, 2023. As of March 31, 2023, the company had 10,968,356 shares outstanding (excluding treasury shares) and had no shares in treasury.