Mitsubishi Research Institute, Inc. (TSE:3636) announces a share repurchase program. Under the program, the company will repurchase up to 380,000 shares, representing 2.31% of its issued share capital (excluding treasury stock), for a total purchase price of ¥2,200 million. The shares will be repurchased at a price of ¥4,960 per share.

The purpose of the program is to implement flexible capital policy and improving capital efficiency in response to changes in the business environment. As of September 30, 2022, the company has 16,424,080 issued shares (excluding treasury stock) and 448 treasury shares.