Gakujo Co., Ltd. (TSE:2301) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, representing 2.15% of its issued share capital, for ¥550 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment.

The program will run until September 30, 2024. As of February 13, 2024, the company had 13,961,973 shares in issue (excluding treasury stock) and 1,598,027 shares in treasury.