MegaChips Corporation (TSE:6875) announces a share repurchase program. Under the program, the company will repurchase 1,200,000 shares, representing 6.25% of its share capital, for ¥3,000 million. The purpose of program is to return profits to shareholders and improve capital efficiency.

The program will run until July 31, 2023. As of February 28, 2023, the company had 19,195,447 shares outstanding (excluding treasury shares) and 2,772,253 shares in treasury.