Japan Living Warranty Inc. (TSE:7320) announces a share repurchase program. Under the program, the company will repurchase up to 50,000 shares, representing 1% of its share capital, for ¥100 million. The company will repurchase its shares to curb dilution from transfer-restricted stock-based compensation system of utilizing treasury stock when allocating shares.

The repurchased shares will be used for the exercise of stock options (stock acquisition rights) in the future. The share repurchase program will run until March 24, 2022. As of December 31, 2022, the company had 5,008,038 shares outstanding (excluding treasury shares) and 50,262 shares in treasury.