SANNO Co., Ltd. (TSE:3441) announces a share repurchase program. Under the program, the company will repurchase up to 150,000 shares, representing 3.25% of its share capital, for ¥150 million. The company will repurchase its shares in order to to improve capital efficiency and further return profits to shareholders, as well as to implement a flexible capital policy in response to changes in the business environment.

The program will expire on November 29, 2024. As of July 31, 2023, the company had 4,615,752 shares outstanding (excluding treasury shares) and 384,248 shares in treasury.