Fuva Brain Limited (TSE:3927) announces a share repurchase program. Under the program, the company will repurchase up to 170,000 shares, representing 3.18% of its total shares outstanding (excluding treasury shares), for a total of ¥100 million. The purpose of the program is to enhance shareholder returns, improve capital efficiency and flexible implementation in response to changes in the business environment.

The repurchase program is valid till November 15, 2023. As of March 31, 2023, the company had 5,338,838 shares outstanding (excluding treasury shares) and had 261,362 shares in treasury.