Sanritsu Corporation (TSE:9366) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 3.52% of its share capital, for ¥140.6 million. The shares will be repurchased at a price of ¥703 per share.

The purpose of the program is to to improve capital efficiency and implement a flexible capital policy that responds to changes in the business environment. The program will expire on November 9, 2022. As of September 30, 2022, the company had 5,688,756 shares in issue (excluding treasury stock) and 317,617 shares in treasury.