Japan Transcity Corporation (TSE:9310) announces a share repurchase program. Under the program, the company will repurchase up to 1,600,000 shares, representing 2.52% of its share capital, for ¥1,000 million. The company will repurchase its shares in order to enhance shareholder returns and achieve an optimal capital structure.

The plan will be valid till March 31, 2025. As of April 30, 2024, the company had 63,545,149 shares outstanding (excluding treasury shares) and 3,597,268 shares in treasury.