Banners Co., Ltd. (TSE:3011) announces a share repurchase program. Under the program, the company will repurchase up to 610,000 shares, representing 3.83% of its issued share capital for ¥81.13 million. The shares will be repurchased at a price of ¥133 per share.

The purpose of the program is capital efficiency and enabling the execution of flexible capital policies. The program is valid till May 26, 2023. As of April 30, 2023, the company had 15,923,863 shares issued (excluding treasury stock) and 4,312,223 shares in treasury.