NexTone Inc. (TSE:7094) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 1.03% of its issued share capital for ¥200 million. The purpose of the program is to improve shareholder returns and capital efficiency, and implement flexible capital policy in response to changes in the business environment.

The program is valid till December 22, 2023. As of September 30, 2023, the company has 9,725,790 shares issued (excluding treasury stock) and 92,610 shares in treasury.