Sugimoto & Co., Ltd. (TSE:9932) announces a share repurchase program. Under the program, the company will repurchase 500,000 shares, representing 4.96% of its share capital, for ¥1,500 million. The company will repurchase its shares in order to expand shareholder returns and improve capital efficiency, as well as implement a flexible capital policy in response to changes in the business environment.

The program will run until April 30, 2025. As of March 31, 2024, the company had 10,078,215 shares outstanding (excluding treasury shares) and 1,321,022 shares in treasury.