Mobile Factory, Inc. (TSE:3912) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 4.83% of its issued share capital, (excluding treasury stock), for total worth of ¥500 million. The purpose of share repurchases is to carry out a substantial return of profits.

The program is valid till June 30, 2022. As of December 31, 2021, the company had 8,280,919 shares in issue (excluding treasury stock) and 644,576 shares are in treasury.