Cocolonet CO., LTD. (JASDAQ:6060) announces a share repurchase program. Under the program, the company will repurchase up to 120,000 shares, representing 3.12% of its issued share capital, for ¥139.6 million. The shares will be repurchased at a price of ¥849 per share.

The purpose of the program is to carry out agile capital policies that respond to changes in the business environment. As of December 31, 2022, the company had 3,842,955 shares in issue (excluding treasury stock) and 145 shares in treasury.