TBCSCAT Inc. (TSE:3974) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 10.78% of its issued share capital (excluding treasury stock), for ¥189.5 million. The shares will be repurchased at a price of ¥379 per share.

The purpose of the program is improving capital efficiency in addition to avoiding the impact on the market in response to the shareholder Thibiishii Gakuin's statement to sell its shares. The acquisition of treasury stock will be carried out with own funds. The program will run until April 12, 2022.

As of January 31, 2021, the company had 4,637,071 shares in issue (excluding treasury stock) and 602,929 shares in treasury.