Sinko Industries Ltd. (TSE:6458) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 1.96% of its issued share capital (excluding treasury stock), for a total purchase price of ¥1,100 million. The purpose of the program is to carry out agile capital policies that respond to changes in the business environment.

The program will be valid till July 31, 2023. As of March 31, 2023, the company had 25,470,589 shares outstanding (excluding treasury shares) and 1,741,674 shares in its treasury.