Sunwood Corporation (JASDAQ:8903) announces a share repurchase program. Under the program, the company will repurchase 50,000 shares, representing 1.06% of its share capital, for ¥20 million. The company will repurchase its shares in order to enhance shareholder returns and improve capital efficiency. The program will run until September 30, 2020. As of March 31, 2020, the company had 4,738,451 shares outstanding (excluding treasury shares) and 155,549 shares in treasury.