FreakOut Holdings, inc. (TSE:6094) announces a share repurchase program. Under the program, the company will repurchase 700,000 shares, representing 3.88% of the outstanding shares for ¥400 million. The purpose of the program is to increase shareholder value by improving capital efficiency and enhancing shareholder returns while maintaining the level of shareholders' equity necessary for sustainable growth.

The program will run until August 14, 2024. As of November 17, 2017, the company had 18,022,924 shares outstanding and 145,184 shares in treasury.