Shinko Shoji Co., Ltd. (TSE:8141) announces a share repurchase program. Under the program, the company will repurchase up to 1,500,000 shares, representing 4.04% of its share capital, for ¥1,000 million. The company will repurchase its shares in order to carry out agile capital policies in response to changes in the business environment.

The share repurchase program will run until August 15, 2022. As of January 31, 2022, the company had 37,147,194 shares outstanding (excluding treasury shares) and 863,372 shares in treasury.