Aoyama Zaisan Networks Company,Limited (TSE:8929) announces a share repurchase program. Under the program, the company will repurchase up to 110,000 shares, representing 0.9% of its issued share capital (excluding treasury stock), for a total purchase price of ¥167.75 million. The shares will be repurchased at a price of ¥1,525 per share. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment, improve capital efficiency and enhance shareholder returns. The program will be valid till May 19, 2021. As of April 30, 2021, the company had 12,160,676 issued shares (excluding treasury stock) and 124 treasury shares.