Sanyo Engineering & Construction Inc. (TSE:1960) announces a share repurchase program. Under the program, the company will repurchase up to 510,000 shares, representing 2.96% of its share capital, at ¥672 per share for ¥342.72 million. The company will repurchase its shares in order to return profits to shareholders and improve capital efficiency. As of July 31, 2019, the company had 17,231,142 shares outstanding (excluding treasury shares) and 768,858 shares in treasury.