Sumco Corporation (TSE:3436) announces a share repurchase program. Under the program, the company will repurchase up to 1,270,000 shares, representing 0.44% of its share capital, at a price of ¥1,968.50 per share, for ¥2,500 million. The shares repurchased will be cancelled. The company will repurchase its shares in order to improve shareholder returns and capital efficiency. The program will run until March 23, 2021. As of December 31, 2020, the company had 291,173,524 shares outstanding (excluding treasury shares) and 7,715 shares in treasury.