Sanyei Corporation (TSE:8119) announces a share repurchase program. Under the program, the company will repurchase up to 80,000 shares, representing 3.35% of the issued share capital, for a total consideration of ¥200 million. The purpose of the program is to implement a flexible capital policy in response to changes in the future business environment and enhancement of profit returns to shareholders.

The repurchase program is valid till April 30, 2024. As of March 31, 2023, the company had 2,390,681 shares outstanding and 162,265 shares in treasury.