Happinet Corporation (TSE:7552) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 2.19% of its total shares outstanding for a total of ¥1,700 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment and to improve shareholder returns.

The program will be valid till August 30, 2024. As of March 31, 20124, the company had 22,860,718 shares outstanding and 1,189,282 shares in treasury.