IR NewsNews

Announcement Regarding Repurchase of Shares

Benesse Holdings, Inc.

Release Date : 2004/11/10

 Benesse Corporation announced that its Board of Directors today resolved to repurchase its own shares, pursuant to Article 211-3-1-(2) of the Commercial Code of Japan.

1.Reasons for share repurchase
To pursue financial efficiency by facilitating the effective execution of its financial policies.

2.Details of repurchase
-Type of shares: Common stock
-Number of shares:
Up to 870,000 shares (0.8% of currently issued common stock)
-Total purchase price:
Up to 2.8 billion yen
-Period of repurchase:
From November 11 to December 16, 2004

Reference
Treasury stock held by the Company as of October 31, 2004
Total number of shares issued (excluding treasury stock):103,638,450 shares
Treasury stock: 2,715,003 shares