HOTLAND Co.,Ltd. (TSE:3196) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 2.31% of its issued share capital (excluding treasury stock), for a total purchase price of ¥963 million. The shares will be repurchased at a price of ¥1,926 per share.

The purpose of the program is to improve capital efficiency and enable flexible capital policy in response to changes in the business environment. As of November 30, 2023, the company has 21,655,345 issued shares (excluding treasury stock) and 255 treasury shares.