Japan Foundation Engineering Co., Ltd. (TSE:1914) announces an share repurchase program. Under the program the company will repurchase 1,000,000 shares, representing 4.76% of the outstanding shares for ¥600 million. The purpose of the program is to improve capital efficiency, return profits to shareholders, and to implement agile capital policies in response to changes in the business environment.

The program will run until May 31, 2023. As of September 30, 2022, the company has 21,013,232 shares outstanding and 9,833,168 shares in treasury.