Grandy House Corporation (TSE:8999) announces a share repurchase program. Under the program, the company will repurchase up to 1,800,000 shares, representing 5.92% of its issued share capital (excluding treasury stock), for a total purchase price of ¥1,029.6 million. The shares will be repurchased at a price of ¥572 per share.

The purpose of the program is to mitigate the short-term impact on the supply and demand of our stock due to the sale of shares, and the impact on existing shareholders. As of July 31, 2023, the company had 30,412,955 issued shares (excluding treasury stock) and 410,245 treasury shares.