Sanyo Engineering & Construction Inc. (TSE:1960) announces a share repurchase program. Under the program, the company will repurchase up to 800,000 shares, representing 4.96% of its share capital, for ¥636 million. The shares will be repurchased at a price of ¥795 per share.

The company will repurchase its shares in order to return profits to shareholders and improve capital efficiency. As of November 30, 2023, the company had 16,136,648 shares outstanding (excluding treasury shares) and 863,352 shares in treasury.