Sumiseki Holdings,Inc. (TSE:1514) announces a share repurchase program. Under the program, the company will repurchase up to 2,800,000 shares, representing 5.26% of its total shares outstanding (excluding treasury shares), for a total of ¥680 million. The purpose of repurchase program is to improve shareholder value by returning profits to shareholders.

The repurchase program is valid till August 31, 2023. As of March 31, 2023, the company had 53,218,729 shares outstanding (excluding treasury shares) and had 5,674,124 shares in treasury.