SB Technology Corp. (TSE:4726) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 2.47% of its issued share capital (excluding treasury stock), for a total purchase price of ¥1,200 million.

The purpose of the program is to enhancing shareholder returns and improving capital efficiency. The program will continue through September 30, 2022. As of March 31, 2022, the company had 20,258,449 issued shares (excluding treasury stock) and 2,484,351 treasury shares.