PIXTA Inc. (TSE:3416) announces a share repurchase program. Under the program, the company will repurchase up to 278,000 shares, representing 12.68% of its share capital, for ¥200 million. The company will repurchase its shares in order to return profits to shareholders, improve capital efficiency, and implement agile capital policies according to the business environment.

The share repurchase program will run until December 29, 2023. As of December 31, 2022, the company had 2,191,630 shares outstanding (excluding treasury shares) and 86,510 shares in treasury.