Sun Corporation (TSE:6736) announces a share repurchase program. Under the program, the company will repurchase 1,500,000 shares, representing 6.25% of its issued shares for ¥3.75 million. The purpose of the program is to restructure the company, invest for organic growth, implement agile capital policies with a view to M&A, improve capital efficiency, and return profits to shareholders.

The program will run until November 14, 2023. As of September 30, 2022, the company had 23,998,828 shares outstanding (excluding treasury stock) and 301,287 shares in treasury.