Mars Group Holdings Corporation (TSE:6419) announces a share repurchase program. Under the plan, the company will repurchase up to 400,000 shares, representing 2.39% of its shares outstanding excluding treasury shares, for a total of ¥700 million. The shares will be repurchased in order to improve shareholder returns and capital efficiency, as well as implement a flexible capital policy that responds to changes in the business environment.

The program will be valid till December 30, 2022. As of August 31, 2022, the company had 16,717,876 shares outstanding (excluding treasury shares) and had 6,002,124 shares in treasury.