Tsutsumi Jewelry Co.,Ltd. (TSE:7937) announces a share repurchase program. Under the program, the company will repurchase 600,000 shares, representing 3.62% of the outstanding shares for ¥1,000 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment, to enhance capital efficiency and improve shareholder returns. The program will run until March 9, 2021. As of February 29, 2020, the company had 16,595,852 shares outstanding and 3,484,628 shares in treasury.