Sanwa Company Ltd. (TSE:3187) announces a share repurchase program. Under the program, the company will repurchase up to 250,000 shares, representing 1.35% of its total shares outstanding (excluding treasury shares), for a total of ¥200 million. The purpose of repurchase program is to increase the mobility of future capital policies, such as allocating funds for corporate restructuring.

The repurchase program is valid till July 31, 2023. As of March 31, 2023, the company had 18,562,575 shares outstanding (excluding treasury shares) and had 619,025 shares in treasury.