T&D Holdings, Inc. (TSE:8795) announces a share repurchase program. Under the program the company will repurchase 20,000,000 shares, representing 3.59% of the outstanding shares for ¥20,000 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency.

The program will run until March 31, 2023. As of October 31, 2022, the company had 557,838,741 shares outstanding and 31,161,259 shares in treasury.