Itec Corporation (JASDAQ:9964) announces a share repurchase program. Under the program, the company will repurchase 700,000 shares, representing 7.69% of its issued share capital, for total worth ¥1,120 million. The shares will be repurchased at a price of ¥1,382 per share. The purpose of the program is to implementing agile capital policies in response to changes in the business environment, we will acquire treasury stock in order to enhance stock returns and improve capital efficiency. The program will expire on November 12, 2020. As of September 30, 2020, the company had 9,103,874 shares outstanding and 2,196,126 shares in treasury.