VLC Holdings Co., Ltd. (NSE:2467) announces a share repurchase program. Under the program, the company will repurchase up to 250,000 shares, representing 2.02% of its issued share capital (excluding treasury stock), for ¥70 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency.

The program will run until December 29, 2023. As of May 31, 2023, the company had 12,394,500 shares in issue (excluding treasury stock).