Broadmedia Corporation (JASDAQ:4347) announces a share repurchase program. Under the program, the company will repurchase 300,000 shares, representing 3.9% of its share capital, for ¥250 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 January 27, 2022. As of September 30, 2021, the company had 7,683,490 shares outstanding (excluding treasury shares) and 231,242 shares in treasury.