Phil Company,Inc. (TSE:3267) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 8.91% for ¥500 million. The purpose of the program is to implement agile capital policies that respond to sudden fluctuations and changes in stock prices and the business environment and implement management measures that contribute to the improvement of shareholder value and corporate value.

The program will run through February 28, 2022. As of November 30, 2021, the company had 5,612,720 shares in issue and 165,280 shares in treasury.