Rakus Co., Ltd. (TSE:3923) announces a share repurchase program. Under the program, the company will repurchase up to 43,000 shares, representing 0.02% of its issued share capital (excluding treasury stock) for free. The shares will be repurchased from Mr. Yoshifumi Matsushima (former director of the Company).

The purpose of the program is to issue the restricted stock and to make effective use of the shares in the future, including for the purpose of establishing a flexible capital policy. The program is valid till May 15, 2024. As of May 14, 2024, the company had 181,214,034 shares issued (excluding treasury stock) and 1,966 shares in treasury.