Demae-Can Co.,Ltd (TSE:2484) announces a share repurchase program. Under the program, the company will repurchase 22,000,000 shares, representing 16.66% of the outstanding shares for ¥5,000 million. The purpose of the program is to implement a flexible capital policy and further enhance shareholder returns.

The repurchased shares will be cancelled. The program will run until April 10, 2025. As of May 31, 2024, the company had 132,083,905 shares outstanding and 337,325 shares in treasury.