Nomura System Corporation Co, Ltd. (TSE:3940) announces a share repurchase program. Under the program, the company will repurchase up to 700,000 shares, representing 1.51% of its total shares outstanding excluding treasury shares, for a total of ¥150 million. The purpose of repurchase program is to improve capital efficiency and enable flexible capital policy implementation in response to changes in the business environment, including consideration of incentive plans.

The repurchase program is valid till May 31, 2024. As of December 31, 2023, the company had 46,370,996 shares outstanding excluding treasury shares and had 73,804 shares in treasury.