Nomura System Corporation Co, Ltd. (TSE:3940) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 0.43% of its issued share capital (excluding treasury shares) for ?29 million. The shares will be repurchased at a price of ?290 per share. The purpose of the program is to improve capital efficiency, enable flexible execution of capital policies in response to changes in the business environment, including consideration of incentive plans, and reduce the shareholding ratio of controlling shareholders. The program is valid till November 16, 2021. As of October 31, 2021, the company had 23,120,258 shares issued (excluding treasury stock) and 9,742 shares in treasury.