Aizawa Securities Group Co., Ltd. (TSE:8708) announces a share repurchase program. Under the program, the company will repurchase 400,000 shares, representing 1.05% of its share capital, for ¥400 million. The company will repurchase its shares in order to improve capital efficiency, enhance shareholder returns, and implement a flexible capital policy.

The program will run until June 30, 2023. As of December 31, 2022, the company had 37,933,998 shares issued and outstanding (excluding treasury shares) and 9,591,651 shares in treasury.