System Research Co.,Ltd. (TSE:3771) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 1.2% of its share capital, for ¥300 million. The shares will be repurchased at a price of ¥1,481 per share.

The purpose of the program is to enhance shareholder returns and improve capital efficiency. The program will expire on May 9, 2024. As of March 31, 2024, the company had 16,715,776 shares in issue (excluding treasury stock) and 4,224 shares in treasury.