Echo Trading Co., Ltd. (TSE:7427) announces a share repurchase program. Under the program, the company will repurchase up to 60,000 shares, representing 1% of its issued share capital (excluding treasury stock), for a total purchase price of ¥82.8 million. The shares will be repurchased at a price of ¥1,380 per share.

The purpose of the program is to implement flexible capital policies in response to changes in the business environment and to use it as restricted stock compensation. As of August 31, 2023, the company had 6,026,101 issued shares (excluding treasury stock) and had 10,445 treasury shares.