Torishima Pump Mfg. Co., Ltd. (TSE:6363) announces a share repurchase program. Under the program, the company will repurchase up to 80,000 shares, representing 0.3% of its issued share capital (excluding treasury stock), for ¥100 million.

The purpose of the program is to enhance shareholder returns and improve capital efficiency. The repurchased shares will be cancelled. The program will run until March 31, 2023.

As of March 31, 2022, the company had 26,387,695 shares in issue (excluding treasury stock) and 2,724,484 shares in treasury.