CLIP Corporation (JASDAQ:4705) announces a share repurchase program. Under the program, the company will repurchase 400,000 shares, representing 9.67% of its share capital, at ¥806 per share for ¥322.4 million. The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment, improve capital efficiency and increase shareholder profit. As of September 30, 2019, the company had 4,134,788 shares outstanding (excluding treasury shares) and 401,212 shares in treasury.