Biprogy to repurchase and cancel 2.5% of shares

TOKYO – BIPROGY (TSE:8056) announced today that its board of directors has approved a plan to repurchase up to 2.5 million shares, representing 2.5% of its outstanding shares excluding treasury stock, for a maximum of 10 billion yen. The buyback period will run from May 1, 2025, to February 27, 2026, and shares will be purchased on the Tokyo Stock Exchange. The company stated the repurchase is intended to enhance shareholder returns while investing in growth areas. BIPROGY also plans to cancel all repurchased shares on March 25, 2026, in line with its policy of canceling treasury shares exceeding 3% of outstanding shares. As of February 28, 2025, BIPROGY held 2,384,198 treasury shares.