Broadmedia Corporation (JASDAQ:4347) announces a share repurchase program. Under the program, the company will repurchase 150,000 shares, representing 2.02% of its share capital, for ¥150 million. The company will repurchase its shares as part of its shareholder returns, and to enable the implementation of a flexible capital policy in response to changes in the business environment, and to enhance shareholder returns.

The program will run until March 24, 2023. As of December 31, 2022, the company had 7,414,639 shares outstanding (excluding treasury shares) and 500,093 shares in treasury.