Synchro Food Co., Ltd. (TSE:3963) announces a share repurchase program. Under the program, the company will repurchase 250,000 shares, representing 0.93% of its share capital, for ¥50 million. The company will repurchase its shares in order to improve capital efficiency, implement a flexible capital policy, and allocate shares to be issued as stock compensation. The program will run until September 30, 2020. As of June 30, 2020, the company had 26,893,800 shares outstanding (excluding treasury shares) and 266,393 shares in treasury.