Needs Well Inc. (TSE:3992) announces a share repurchase program. Under the program, the company will repurchase up to 750,000 shares, representing 3.8% of its issued share capital (excluding treasury stock), for a total purchase price of ¥500 million. The purpose of the program is to improve stock prices and shareholder returns, and to implement a flexible capital policy in response to changes in the business environment.

The program will continue through September 22, 2023. As of June 1, 2023, the company had 19,744,142 issued shares (excluding treasury stock) and 594,258 treasury shares.