BrainPad Inc. (TSE:3655) announces a share repurchase program. Under the program, the company will repurchase up to 170,000 shares, representing 0.79% of its total shares outstanding (excluding treasury shares), for a total of ¥200 million. The purpose of repurchase program is to return profits to shareholders and improve capital efficiency, as well as using the treasury stock for stock-based compensation for officers and employees, and for M&A and capital alliances using treasury stock.

The repurchase program is valid till June 28, 2024. As of March 31, 2024, the company had 21,579,062 shares outstanding (excluding treasury shares) and had 721,534 shares in treasury.