Shinko Shoji Co., Ltd. (TSE:8141) announces a share repurchase program. Under the program, the company will repurchase up to 4,500,000 shares, representing 12.47% of its share capital, for ¥3,000 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 March 31, 2023. As of May 31, 2022, the company had 36,078,156 shares outstanding (excluding treasury shares) and 857,900 shares in treasury.