Chilled & Frozen Logistics Holdings Co., Ltd. (TSE:9099) announces a share repurchase program. Under the program, the company will repurchase up to 3,400,000 shares, representing 13.82% of its issued share capital, for ¥4,559.4 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency in line with 3rd Medium-term Management Strategy and to enable flexible capital management in response to changing business environments.

The program is valid till September 30, 2024. As of October 31, 2023, the company had 24,605,066 outstanding shares (excluding treasury shares) and 1,085,700 treasury shares.