BrainPad Inc. (TSE:3655) announces a share repurchase program. Under the program, the company will repurchase up to 350,000 shares, representing 1.61% of its total shares outstanding (excluding treasury shares), for a total of ¥200 million. The purpose of repurchase program is to return profits to shareholders and improve capital efficiency.

The repurchase program is valid till June 30, 2023. As of March 31, 2023, the company had 21,705,092 shares outstanding (excluding treasury shares) and had 595,504 shares in treasury.