JAFCO Group Co., Ltd. (TSE:8595) announces a share repurchase program. Under the program, the company will repurchase up to 16,800,100 shares, representing 22.93% for ¥42,000.25 million. The shares will be purchased at ¥2,500 per share.

The purpose of the program is to balance the enhancement of equity capital necessary for the perpetuation of the investment business and the continuous return of profits to shareholders. The implementation of Tender Offer will be subject to the fulfillment or waiver by the company of the preconditions for the commencement of the Tender offer stipulated in the Tender Agreement. The repurchase program is valid till January 25, 2023.

As of September 30, 2022, the company had 73,280,000 shares in outstanding.