SAN Holdings, Inc. (TSE:9628) announces a share repurchase program. Under the program, the company will repurchase up to 350,000 shares, representing 1.69% of its total shares outstanding excluding treasury shares, for a total of ¥350 million. The purpose of the program is to enhance the return of profits to shareholders and improve capital efficiency, while also responding to changes in the business environment to carry out flexible capital policy.

The repurchase program is valid till April 30, 2024. As of October 31, 2023, the company had 20,722,412 shares outstanding excluding treasury shares and had 2,677,288 shares in treasury.