E-Guardian Inc. (TSE:6050) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 1.99% of its issued share capital (excluding treasury stock), for a total purchase price of ¥500 million. The purpose of the program is to enhance shareholder returns, improve capital efficiency, and implement a flexible capital policy that responds to changes in the business environment.

The program will be valid till June 30, 2023. As of March 31, 2023, the company had 10,033,192 issued shares (excluding treasury stock) and 372,608 treasury shares.