Broadmedia Corporation (JASDAQ:4347) announces a share repurchase program. Under the program, the company will repurchase 200,000 shares, representing 2.75% of its share capital, for ¥260 million. The company will repurchase its shares as part of its shareholder returns, and to enable the implementation of a flexible capital policy in response to changes in the business environment.

The repurchased shares will be cancelled. The program will run until July 31, 2024. As of March 31, 2024, the company had 7,276,109 shares outstanding (excluding treasury shares) and 638,623 shares in treasury.