Lacto Japan Co., Ltd. (TSE:3139) announces a share repurchase program. Under the program, the company will repurchase up to 70,000 shares, representing 0.70% of its share capital, for ¥200 million. The company will repurchase its shares in order to allocate to shares to be delivered as restricted stock compensation and to enable flexible capital policy in response to changes in the business environment.

The program will be valid till April 30, 2024. As of November 30, 2023, the company had 9,956,148 issued shares (excluding treasury shares) and 5,052 shares in treasury.