GungHo Online Entertainment, Inc. (TSE:3765) announces a share repurchase program. Under the program, the company will repurchase up to 3,100,000 shares, representing 4.57% of its issued share capital for ¥5,000 million. The purpose of the program is to improve shareholder interests by implementing agile capital policies and improving capital efficiency in response to changes in the business environment. The program is valid till September 22, 2021. As of June 30, 2021, the company had 67,857,144 shares issued (excluding treasury stock) and 27,353,172 shares in treasury.