Shinobu Foods Products Co., Ltd. (TSE:2903) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 0.8% of its issued share capital (excluding treasury stock), for a total purchase price of ¥58.7 million. The shares will be repurchased at a price of ¥587 per share. The purpose of the program is to improve capital efficiency and shareholder interests. The program will be valid till April 22, 2021.