MINATO HOLDINGS INC. (TSE:6862) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 2.68% of its issued share capital (excluding treasury stock), for a total purchase price of ¥140 million. The company will repurchase its shares for the purpose of returning profits to shareholders, utilizing such shares in M&A, allocating restricted shares to be granted to the directors of the Company and its subsidiaries, and enabling the execution of a flexible capital policy in response to changes in the business environment.

The program will continue through December 30, 2023. As of June 30, 2023, the company had 7,465,734 issued shares (excluding treasury stock) and 391,980 treasury shares.