Xebio Holdings Co., Ltd. (TSE:8281) announces a share repurchase program. Under the program, the company will repurchase up to 3,000,000 shares, representing 6.79% of its share capital, for ¥4,000 million worth of its common stock. The company will repurchase its shares in order to implement a flexible capital policy which responds to changes in the business environment.

The share repurchase program will run until May 9, 2025. As of March 31, 2024, the company had 47,911,023 shares outstanding (excluding treasury shares) and 3,700,367 shares in treasury.