Welbe, Inc. (TSE:6556) announces a share repurchase program. Under the program, the company will repurchase up to 1,550,000 shares, representing 5.38% of its share capital, for ¥1,000 million. The purpose of the program is to enable the implementation of agile capital policies in response to changes in the business environment and to improve shareholder returns.

The program will expire on October 31, 2022. As of June 30, 2022, the company had 28,787,871 shares in issue (excluding treasury stock) and 129 shares in treasury.