Techno Ryowa Ltd. (TSE:1965) announces a share repurchase program. Under the program, the company will repurchase 400,000 shares, representing 1.74% of the outstanding shares, at ¥[892 per share for ¥356.8 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment, enhance capital efficiency and promote shareholder profitability. As of October 31, 2018, the company had 22,875,078 shares outstanding and 13,526 shares in treasury.