Japan Lifeline Co., Ltd. (TSE:7575) announces a share repurchase program. Under the program, the company will repurchase up to 3,000,000 shares, representing 3.85% of its issued share capital (excluding treasury stock), for ¥4,000 million. The purpose of the program is to improve capital efficiency as part of its shareholder return policy.

The repurchased shares will be cancelled. The program will run until February 29, 2024. As of April 30, 2023, the company had 77,920,415 shares in issue (excluding treasury stock) and 4,999,561 shares in treasury.