Funai Soken Holdings Incorporated (TSE:9757) announces a share repurchase program. Under the program, the company will repurchase 1,200,000 shares, representing 2.44% of its share capital, for ¥3,000 million. The company will repurchase its shares in order to improve capital efficiency and enhance shareholder returns by executing a flexible capital policy that responds to changes in the business environment.

The program will run until May 31, 2024. As of June 30, 2023, the company had 49,189,590 shares outstanding (excluding treasury shares) and 2,810,410 shares in treasury