Gakkyusha Co.,Ltd. (TSE:9769) announces a share repurchase program. Under the program, the company will repurchase 200,000 shares, representing 1.8% of the outstanding shares for ¥200 million. The purpose of the program is to improve shareholder returns and to enable the implementation of a flexible capital policy in response to changes in the business environment. The program will run until July 9, 2020. As of March 31, 2020, the company had 11,119,659 shares outstanding and 92,633 shares in treasury.