TESEC Corporation (TSE:6337) announces a share repurchase program. Under the program, the company will repurchase up to 70,000 shares, representing 1.25% of its issued share capital, for ¥140 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency, and carry out flexible management that responds to changes in the corporate environment.

The program is valid till March 29, 2024. As of September 30, 2023, the company has 5,589,453 issued shares (excluding treasury stock) and 189,242 shares in treasury.