Fibergate Inc. (TSE:9450) announces a share repurchase program. Under the program, the company will repurchase 116,800 shares, representing 0.57% of the outstanding shares for ¥100 million. The purpose of the program is to improve capital efficiency by taking into account the cash on hand, stock price level, and other factors in a flexible manner.

The program will run until September 15, 2023. As of February 28, 2023, the company had 20,399,456 shares in issue(excluding treasury stock) and 191,744 shares in treasury.