EM Systems Co., Ltd. (TSE:4820) announces a share repurchase program. Under the program, the company will repurchase up to 900,000 shares, representing 1.26% of its issued share capital (excluding treasury stock), for a total purchase price of ¥500 million. The purpose of the program is to improve capital efficiency and agile capital policy in response to changes in the business environment.

The program will continue through August 31, 2022. As of December 31, 2021, the company had 71,179,183 issued shares (excluding treasury stock) and 3,335,617 treasury shares.