Balnibarbi Co.,Ltd. (TSE:3418) announces a share repurchase program. Under the program, the company will repurchase 80,000 shares, representing 0.93% of the outstanding shares for ¥84.08 million. The shares will be purchased at a price of ¥1,051 per share. The purpose of the program is to enhance capital efficiency and to enable the implementation of a flexible capital policy in response to changes in the business environment. The program will run until December 22, 2020. As of November 30, 2020, the company had 8,615,542 shares outstanding and 90,738 shares in treasury.