System D Inc. (JASDAQ:3804) announces a share repurchase program. Under the program, the company will repurchase 100,000 shares, representing 1.54% of its share capital, for ¥159.1 million. The purpose of the program is to improve shareholder returns and to enable the implementation of a flexible capital policy in response to changes in the business environment. The program will expire on January 14, 2021. As of January 13, 2021, the company had 6,492,814 shares outstanding and 5,186 shares in treasury.