TBCSCAT Inc. (TSE:3974) announces a share repurchase program. Under the program, the company will repurchase up to 1,450,000 shares, representing 35.05% of its issued share capital (excluding treasury stock), for a total purchase price of ¥578.55 million. The shares will be repurchased at a price of ¥399 per share.

The purpose of the program is to improve capital efficiency. The program will be funded from the company's own funds. As of October 31, 2022, the company had 4,137,049 issued shares (excluding treasury stock) and 1,102,951 treasury shares.