Sanyo Shokai Ltd. (TSE:8011) announces a share repurchase program. Under the program, the company will repurchase 500,000 shares, representing 3.98% of the outstanding shares, at ¥1,817 per share for ¥908.5 million. The purpose of the program is to enhance capital efficiency. As of April 30, 2019, the company had 12,578,215 shares outstanding and 44,719 shares in treasury.