SAKURA Internet Inc. (TSE:3778) announces a share repurchase program. Under the program, the company will repurchase up to 1,200,000 shares, representing 3.28% of its total shares outstanding (excluding treasury shares), for a total of ¥600 million. The purpose of repurchase program is to improve capital efficiency, to enhance the shareholders returns and to use the shares for restricted stock compensation as an incentive for sustainable growth and for future mergers and acquisitions.

The repurchase program is valid till November 30, 2023. As of December 31, 2022, the company had 36,605,056 shares outstanding (excluding treasury shares) and had 1,015,644 shares in treasury.