Sunwood Corporation (TSE:8903) announces a share repurchase program. Under the program, the company will repurchase 100,000 shares, representing 2.12% of its share capital, for ¥70 million. The company will repurchase its shares in order to enhance shareholder returns and improve capital efficiency.

The program will run until December 29, 2022. As of March 31, 2022, the company had 4,718,851 shares outstanding (excluding treasury shares) and 175,149 shares in treasury.