Marui Group Co., Ltd. (TSE:8252) announces a share repurchase program. Under the program, the company will repurchase up to 11,000,000 shares, representing 5.86% of its total shares outstanding excluding treasury shares, for a total of ¥20,000 million. The program is being conducted under the policy of lowering the capital adequacy ratio and to eliminate surplus capital in the retail segment.

The repurchase program is valid till September 30, 2024. As of April 30, 2024, the company had 187,845,280 shares outstanding (excluding treasury shares) and had 20,815,137 shares in treasury.