Ichiyoshi Securities Co., Ltd. (TSE:8624) announces a share repurchase program. Under the program, the company will repurchase up to 700,000 shares, representing 2.04% of its issued share capital (excluding treasury stock), for a total purchase price of ¥455.7 million. The shares will be repurchased at a price of ¥651 per share.

The purpose of the program is to improve capital efficiency and implement a flexible capital policy that responds to changes in the business environment. As of December 31, 2022, the company had 34,300,639 issued shares (excluding treasury stock) and 6,130,747 treasury shares.