MegaChips Corporation (TSE:6875) announces a share repurchase program. Under the program, the company will repurchase 1,500,000 shares, representing 7.41% of its share capital, for ?5,000 million. The company will repurchase its shares in order to enable the implementation of a flexible capital policy in response to changes in the business environment. The program will run until April 28, 2022. As of Octboer 31, 2021, the company had 20,241,347 shares outstanding (excluding treasury shares) and 2,797,053 shares in treasury.