Gunze Limited (TSE:3002) announces a share repurchase program. Under the program, the company will repurchase up to 250,000 shares, representing 1.45% of its issued share capital, for total worth of ¥1,000 million worth of its shares. The purpose of the program is to implement a flexible capital policy that responds to changes in the economic environment.

The program is valid till February 28, 2023. As of September 30, 2022, the company has 17,293,798 shares in issue and 999,718 shares in treasury.