Rasa Industries, Ltd. (TSE:4022) announces a share repurchase program. Under the program, the company will repurchase 30,000 shares, representing 0.38% of its share capital, for ¥50 million. The company will repurchase its shares for appropriation to treasury stock to be delivered to the directors of the company (excluding directors who are Audit and Supervisory Committee members and outside directors).

The program will run until June 30, 2022. As of March 31, 2022, the company had 7,933,794 shares outstanding (excluding treasury shares) and 10,409 shares in treasury.