PIXTA Inc. (TSE:3416) announces a share repurchase program. Under the program, the company will repurchase up to 320,000 shares, representing 16.31% of its total shares outstanding excluding treasury shares, for a total of ¥230 million. The purpose of repurchase program is to improve shareholder returns and capital efficiency and implement a flexible capital policy that responds to the business environment.

The repurchase program is valid till January 31, 2025. As of December 31, 2023, the company had 1,961,800 shares outstanding excluding treasury shares and had 334,840 shares in treasury.