SEMCNS Co., Ltd. (KOSDAQ:A252990) announces a share repurchase program. Under the program, the company will repurchase up to ¥2,000 million worth of its shares pursuant to a trust agreement with Samsung Securities. The purpose behind the program is to stabilize the stock price and to enhance shareholder value.

The program will continue until January 13, 2023. As of July 13, 2022, the company had 991,100 shares in treasury through buyback within dividend capacity and 0 shares in treasury through other acquisitions.