Tsugami Corporation (TSE:6101) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 1.04% of its total shares outstanding (excluding treasury shares), for a total of ¥550 million. The purpose of repurchase program is to carry out flexible capital policy in response to future changes in the business environment.

The repurchase program is valid till May 13, 2024. As of November 9, 2023, the company had 47,960,000 shares outstanding (excluding treasury shares) and had 2,040,000 shares in treasury.