Metalart Corporation (TSE:5644) announces a share repurchase program. Under the program, the company will repurchase 127,000 shares, representing 4.03% of its share capital, at ¥1,581 per share for ¥200.79 million. The company will repurchase its shares in order to improve capital efficiency, enhance shareholder returns and enable the implementation of a flexible capital policy in response to changes in the business environment. As of January 31, 2020, the company had 3,150,569 shares outstanding (excluding treasury shares) and 6,813 shares in treasury.