FaithNetwork Co.,Ltd (TSE:3489) announces a share repurchase program. Under the program, the company will repurchase up to 40,000 shares, representing 0.81% of its issued share capital (excluding treasury stock), for a total purchase price of ¥78 million. The purpose of the program is to improve capital efficiency and implement a flexible capital policy that responds to changes in the business environment.

The program will be valid till February 10, 2023. As of September 30, 2022, the company had 4,968,682 issued shares (excluding treasury stock) and 11,318 treasury shares.