Sun-Wa Technos Corporation (TSE:8137) announces a share repurchase program. Under the program, the company will repurchase 700,000 shares, representing 4.52% of its share capital, for ¥1,000 million. The company will repurchase its shares in order to return profits to shareholders, improve capital efficiency, and implement a flexible capital policy that responds to the business environment.

The program will run until October 31, 2023. As of March 31, 2023, the company had 15,481,669 shares outstanding (excluding treasury shares) and 562,331 shares in treasury.