DTS Corporation (TSE:9682) announces a share repurchase program. Under the program, the company will repurchase 505,000 shares, representing 1.16% of its share capital, for ¥1,600 million. The company will repurchase its shares in order to improve the Company's capital efficiency and delivering even greater returns for its shareholders.

The repurchased shares will be cancelled. The program will run until October 31, 2023. As of March 31, 2023, the company had 43,597,356 shares outstanding (excluding treasury shares) and 3,993,476 shares in treasury.