Arisawa Mfg. Co., Ltd. (TSE:5208) announces a share repurchase program. Under the program, the company will repurchase up to 820,000 shares, representing 2.45% of its share capital, for ¥750 million.

The company will repurchase its shares in order to enhance shareholder returns and improve capital efficiency. The share repurchase program will run until December 30, 2022. As of March 31, 2022, the company had 33,401,849 shares outstanding (excluding treasury shares) and 212,975 shares in treasury.