CTI Engineering Co., Ltd. (TSE:9621) announces a share repurchase program. Under the program, the company will repurchase up to 480,000 shares, representing 3.39% of its share capital, for ¥1,000 million. The program is aimed at improving capital efficiency, enhancing shareholder returns, and a transfer system as an incentive for sustainable growth.

The program will expire on July 31, 2023. As of December 31, 2022, the company had 14,139,608 shares in issue (excluding treasury stock) and 19,478 shares in treasury.