Fibergate Inc. (TSE:9450) announces a share repurchase program. Under the program, the company will repurchase 89,686 shares, representing 0.44% of the outstanding shares for ¥100 million. The purpose of the program is to improve capital efficiency by taking into consideration the cash on hand, stock price level, and other factors.

The program will run until March 31, 2024. As of October 31, 2023, the company had 20,399,456 shares in issue(excluding treasury stock) and 232,607 shares in treasury.