Fujisan Magazine Service Co.,Ltd. (TSE:3138) announces a share repurchase program. Under the program, the company will repurchase 50,000 shares, representing 1.59% of the outstanding shares for ¥100 million. The purpose of the program is to enable the implementation of a flexible capital policy in response to changes in the business environment as part of the shareholder return policy. The program will run until June 30, 2020. As of March 18, 2020, the company had 3,144,020 shares outstanding and 171,600 shares in treasury.