Sanyo Homes Corporation (TSE:1420) announces a share repurchase program. Under the program, the company will repurchase 1,700,000 shares, representing 13.47% of the outstanding shares, at ¥704 per share for ¥1,196.8 million. The purpose of the program is to improve shareholder returns and to mplement a flexible capital policy in response to changes in the business environment. As of December 31, 2019, the company had 12,619,997 shares outstanding and 3 shares in treasury.