Sanyo Shokai Ltd. (TSE:8011) announces a share repurchase program. Under the program, the company will repurchase 500,000 shares, representing 4.11% of the outstanding shares, for ¥700 million. The company will repurchase its shares in order to expand shareholder returns and improve capital efficiency.

The program will expire on February 20, 2023. As of August 31, 2022, the company had 12,157,491 shares outstanding and 465,443 shares in treasury.