FAN Communications, Inc. (TSE:2461) announces a share repurchase program. Under the program, the company will repurchase up to 3,000,000 shares, representing 4.23% of its issued share capital (excluding treasury stock), for a total purchase price of ¥1,000 million. The purpose of the program is to implement agile capital policies and further return profits to shareholders.

The program will be valid till July 21, 2022. As of December 31, 2021, the company had 70,904,031 issued shares (excluding treasury stock) and 6,026,001 treasury shares.