Sanyo Engineering & Construction Inc. (TSE:1960) announces a share repurchase program. Under the program, the company will repurchase up to 160,000 shares, representing 0.96% of its share capital, at ¥693 per share for ¥110.88 million. The company will repurchase its shares in order to return profits to shareholders and improve capital efficiency. The plan will expire on September 28, 2020. As of August 31, 2020, the company had 16,728,557 shares outstanding (excluding treasury shares) and 1,271,443 shares in treasury.