CLIP Corporation (JASDAQ:4705) announces a share repurchase program. Under the program, the company will repurchase up to 120,000 shares, representing 2.7% of its issued share capital, at a price of ¥949 per share, for a total of ¥113.88 million. Repurchases will be made through off-hours treasury share trading (ToSTNeT-3) on the Tokyo Stock Exchange. The purpose of the repurchase program is to implement a flexible capital policy in response to changes in the business environment, and to aim for the improvement of capital efficiency and the increase of shareholder profits.