Tenma Corporation (TSE:7958) announces a share repurchase program. Under the program, the company will repurchase up to 1,100,000 shares, representing 5.06% of its share capital, for ¥2,000 million. The purpose of the program is to improve capital efficiency and enable flexible capital policies that respond to changes in the business environment.

The program will expire on March 31, 2024. As of March 31, 2023, the company had 21,732,686 shares in issue (excluding treasury stock) and 3,580,340 shares in treasury.