New Constructor's Network Co., Ltd. (TSE:7057) announces a share repurchase program. Under the program, the company will repurchase up to 250,000 shares, representing 7.77% of its issued share capital (excluding treasury stock), for a total purchase price of ¥316.25 million. The shares will be repurchased at a price of ¥1,265 per share.

The purpose of the program is to implement a flexible capital policy that responds to changes in the business environment. As of September 30, 2022, the company had 3,217,500 issued shares (excluding treasury stock) and 0 treasury shares.