Internet Initiative Japan Inc. (TSE:3774) announces a share repurchase program. Under the program, the company will repurchase up to 4,320,000 shares, representing 2.39% of its issued share capital (excluding treasury stock), for a total purchase price of ¥12,536.64 million. The shares will be repurchased at a price of ¥2,902 per share.

The purpose of the program is to improve the capital efficiency and enhance shareholder returns. As of May 18, 2023, the company has 180,697,868 issued shares (excluding treasury stock) and has 6,371,732 treasury shares.