CMC Corporation (JASDAQ:2185) announces a share repurchase program. Under the program, the company will repurchase 200,000 shares, representing 2.87% of the outstanding shares for ¥550 million. The purpose of the program is to improve shareholder returns and capital efficiency, and to implement a flexible capital policy in response to changes in the business environment. The program will run until February 18, 2021. As of January 31, 2021, the company had 6,958,091 shares outstanding and 223,909 shares in treasury.