IPS Co., Ltd. (JASDAQ:4335) announces a share repurchase program. Under the program, the company will repurchase up to 140,000 shares, representing 6.03% of its issued share capital for ¥110 million. The purpose of the program is to improve shareholder returns through improved capital efficiency.

The program is valid till June 30, 2023. As of January 6, 2023, the company has 2,322,100 shares issued (excluding treasury stock) and 143,900 shares in treasury.