Serendip Holdings Co.,Ltd. (TSE:7318) announces a share repurchase program. Under the program, the company will repurchase up to 130,000 shares, representing 2.93% of its issued share capital (excluding treasury stock), for a total purchase price of ¥100 million. The purpose of the program is to implement agile capital policies in response to improvements in capital efficiency and changes in the business environment.

The program will continue through May 18, 2023. As of March 31, 2022, the company had 4,440,740 issued shares (excluding treasury stock) and 109,580 treasury shares.