Tsutsumi Jewelry Co.,Ltd. (TSE:7937) announces a share repurchase program. Under the program, the company will repurchase 650,000 shares, representing 4.04% of the outstanding shares for ¥1,000 million. The purpose of the program is to improve shareholder returns and to enable the implementation of a flexible capital policy in response to changes in the business environment. The program will run until February 14, 2022. As of February 11, 2021, the company had 16,070,137 shares outstanding and 4,010,343 shares in treasury.