Choei Inc. (TSE:2993) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 2.28% of its issued share capital (excluding treasury stock), for a total purchase price of ¥208.80 million. The shares will be repurchased at a price of ¥2,088 per share.

The purpose of the program is to implement flexible capital policies in response to changes in the business environment and improve capital efficiency. As of September 30, 2023, the company has 4,381,700 issued shares (excluding treasury stock) and 91,700 treasury shares.