Sakata INX Corporation (TSE:4633) announces a share repurchase program. Under the program, the company will repurchase up to 8,428,800 shares, representing 14.42% of its issued share capital (excluding treasury stock), for a total purchase price of ¥8,129.79 million. The shares will be repurchased from Toyo Ink SC Holdings Co., Ltd. at a price of ¥972 per share.

The purpose of the program is enhancing shareholder returns, improving capital efficiency, implementing agile capital policies in response to changes in the business environment, and increasing corporate value. The repurchased shares will be cancelled. The program will be valid till May 16, 2022.

As of March 31, 2022, the company had 58,436,651 shares outstanding (excluding treasury shares) and 4,164,510 shares in its treasury.