Tanabe Engineering Corporation (TSE:1828) announces a share repurchase program. Under the program, the company will repurchase up to 250,000 shares, representing 2.34% of its issued share capital (excluding treasury stock), for a total purchase price of ¥325 million. The shares will be repurchased at a price of ¥1,300 per share.

The purpose of the program is to implement flexible capital policy according to the business environment. As of March 31, 2023, the company has 10,700,916 issued shares (excluding treasury stock) and 27,084 treasury shares.