Mainichi Comnet Co., Ltd. (TSE:8908) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 2.22% for ¥300 million. The purpose of the plan is to enhance shareholder returns, improve capital efficiency, and implement a flexible capital policy that responds to changes in the business environment.

The plan will be valid till May 31, 2023. As of February 15, 2023, the company had 17,999,916 issued shares (excluding treasury stock) and 84 shares of treasury stock.