Gendai Agency Inc. (TSE:2411) announces a share repurchase program. Under the program, the company will repurchase up to 499,700 shares, representing 3.9% of its total shares outstanding (excluding treasury shares), for a total of ¥250 million. The purpose of repurchase program is to improve capital efficiency and increase shareholder value.

The repurchase program is valid till September 22, 2023. As of May 19, 2023, the company has 12,799,700 issued shares.