Space Shower Networks Inc. (JASDAQ:4838) announces a share repurchase program. Under the program, the company will repurchase up to 3,036,100 shares, representing 26.8% for ¥1,247.84 million. The shares will be repurchased at a price of ¥411 per share.

The purpose of the program is to return profits to shareholders, improve capital efficiency, increase independence and agility of business operations, and improve corporate value. As of December 31, 2021, the company had 11,330,754 shares in issue (excluding treasury stock) and 46 share in treasury.