NEW ART HOLDINGS Co., Ltd. (TSE:7638) announces a share repurchase program. Under the program, the company will repurchase 600,000 shares, representing 3.76% of the outstanding shares for ¥900 million. The purpose of the program is to improve shareholder returns and capital efficiency, and implement a flexible capital policy in response to changes in the business environment.

The program will run until February 25, 2023. As of August 15, 2022, the company had 15,942,532 shares outstanding and 683,843 shares in treasury.