MATSUDA SANGYO Co., Ltd. (TSE:7456) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 0.77% of its issued share capital, for total worth of ¥400 million. The purpose of the share repurchases is to implement a flexible capital policy and improve shareholder value per share.

The program is valid till October 31, 2023. As of June 30, 2023, the company had 26,085,621 issued shares and 822,960 shares in treasury.