Techno Ryowa Ltd. (TSE:1965) announces a share repurchase program. Under the program, the company will repurchase up to 800,000 shares, representing 3.67% of its share capital, for ¥1,000 million. The purpose of the program is to improving capital efficiency and enhancing shareholder returns and implement a flexible capital policy that responds to changes in the business environment.

The program will expire on March 31, 2024. As of July 31, 2023, the company had 21,771,368 shares in issue (excluding treasury stock) and 1,117,236 shares in treasury.