ARCS Company Limited (TSE:9948) announces a share repurchase program. Under the program, the company will repurchase 2,000,000 shares, representing 3.57% of its issued share capital, for ¥5,000 million. The purpose of the program is to enhance shareholder returns, improve capital efficiency, and enable a flexible capital policy that responds to changes in the business environment.

The program is valid till December 29, 2023. As of February 28, 2023, the company had 55,983,050 shares issued (excluding treasury stock) and 1,666,818 shares in treasury.