INFRONEER Holdings Inc. (TSE:5076) announces a share repurchase program. Under the program, the company will repurchase up to 12,500,000 shares, representing 4.77% of its issued share capital (excluding treasury stock), for ¥10,000 million. The purpose of the program is to increase the value of stock through further return of profits to shareholders and execution of flexible capital policy.

Of the treasury stock acquired, the portion exceeding approximately 1% of the total number of issued shares is scheduled to be cancelled. The program will run until March 31, 2024. As of April 30, 2023, the company had 262,215,306 shares in issue (excluding treasury stock) and 12,629,718 shares in treasury.