Material Group Inc. (TSE:156A) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 2.02% of its issued share capital, for ¥ 236 million. The purpose of the program is to repurchase shares to serve as substitute treasury stock to be issued when stock acquisition rights are exercised.

The program is valid till August 23, 2024. As of June 30, 2024, the company had 9,877,197 shares (excluding treasury stock) and 0 shares in treasury.