Japan Lifeline Co., Ltd. (TSE:7575) announces a share repurchase program. Under the program, the company will repurchase up to 5,500,100 shares, representing 7.34% of its issued share capital (excluding treasury stock), for ¥5,747.6 million. The shares will be repurchased at a price of ¥1,045 per share.

The purpose of the program is to to improve capital efficiency and to implement a flexible capital policy that responds to changes in the business environment. The program will run until June 3, 2024. As of March 31, 2024, the company had 74,929,270 shares in issue (excluding treasury stock) and 829,200 shares in treasury.