Sanyo Engineering & Construction Inc. (TSE:1960) announces a share repurchase program. Under the program, the company will repurchase up to 190,000 shares, representing 1.16% of its share capital, for ¥119.7 million. The shares will be repurchased at a price of ¥630 per share.

The company will repurchase its shares in order to return profits to shareholders and improve capital efficiency. As of February 28, 2023, the company had 16,326,926 shares outstanding (excluding treasury shares) and 673,074 shares in treasury.