Alpha Systems Inc. (TSE:4719) announces a share repurchase program. Under the program, the company will repurchase 900,000 shares, representing 6.07% of the outstanding shares, at ¥2,928 per share for ¥2,635.2 million. The purpose of the program is to enhance capital efficiency and to enable the implementation of a flexible capital policy in response to changes in the business environment. As of June 30, 2018, the company had 14,836,163 shares outstanding and 12,037 shares in treasury.