Vertex Corporation (TSE:5290) announces a share repurchase program. Under the program, the company will repurchase up to 215,000 shares, representing 2.39% of its issued share capital (excluding treasury stock), for ¥700 million. The purpose of the program is to enhance shareholder returns, improve capital efficiency, and implement agile capital policies in response to changes in the business environment. The program will run until November 30, 2022. As of March 31, 2022, the company had 8,989,735 shares in issue (excluding treasury stock) and 1,194,715 shares in treasury.

On July 1, 2022, the company announced that it has carried out the 3:1 stock split effective July 1, 2022.