Tsutsumi Jewelry Co., Ltd. (TSE:7937) announces a share repurchase program. Under the program, the company will repurchase up to 600,000 shares, representing 3.51% of its share capital, for ¥1,000 million. The company will repurchase its shares in order to improve shareholder profits by implementing a flexible capital policy in response to changes in the business environment and improving capital efficiency. The share repurchase program will run until April 30, 2020. As of April 30, 2019, the company had 17,090,072 shares outstanding (excluding treasury shares) and 2,990,408 shares in treasury.