Net One Systems Co., Ltd. (TSE:7518) announces a share repurchase program. Under the program, the company will repurchase up to 3,500,000 shares, representing 4.2% of its issued share capital (excluding treasury stock), at ¥7,500 million. The purpose of the program is to implement an agile capital policies in response to changes in the business environment and to acquire treasury stock in order to improve capital efficiency and enhance shareholder returns.

The program will run until December 31, 2023. As of March 31, 2023, the company had 83,267,300 shares in issue (excluding treasury stock) and 1,077,321 shares in treasury.